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Side-by-side financial comparison of Cenntro Inc. (CENN) and Forian Inc. (FORA). Click either name above to swap in a different company.

Forian Inc. is the larger business by last-quarter revenue ($8.0M vs $5.0M, roughly 1.6× Cenntro Inc.). Forian Inc. runs the higher net margin — -22.9% vs -1022.8%, a 999.9% gap on every dollar of revenue. On growth, Cenntro Inc. posted the faster year-over-year revenue change (972.9% vs 37.0%). Over the past eight quarters, Forian Inc.'s revenue compounded faster (27.8% CAGR vs -17.7%).

Cenntro Inc. is a global electric vehicle technology manufacturer specializing in light and medium-duty commercial electric vehicles and associated smart mobility solutions. It serves logistics, urban delivery, public service, and corporate fleet markets across North America, Europe, and Asia, focusing on affordable, sustainable last-mile transport options.

Forian Inc is a specialized healthcare technology and data analytics firm offering SaaS-based real-world evidence solutions, clinical decision support tools, and operational optimization services. It serves biopharmaceutical companies, healthcare providers, and life sciences stakeholders to improve patient outcomes, accelerate research, and boost care delivery efficiency.

CENN vs FORA — Head-to-Head

Bigger by revenue
FORA
FORA
1.6× larger
FORA
$8.0M
$5.0M
CENN
Growing faster (revenue YoY)
CENN
CENN
+935.9% gap
CENN
972.9%
37.0%
FORA
Higher net margin
FORA
FORA
999.9% more per $
FORA
-22.9%
-1022.8%
CENN
Faster 2-yr revenue CAGR
FORA
FORA
Annualised
FORA
27.8%
-17.7%
CENN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CENN
CENN
FORA
FORA
Revenue
$5.0M
$8.0M
Net Profit
$-50.7M
$-1.8M
Gross Margin
-54.9%
49.2%
Operating Margin
-229.9%
-24.4%
Net Margin
-1022.8%
-22.9%
Revenue YoY
972.9%
37.0%
Net Profit YoY
-189.4%
-1012.2%
EPS (diluted)
$-86.61
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CENN
CENN
FORA
FORA
Q4 25
$5.0M
$8.0M
Q3 25
$4.6M
$7.8M
Q2 25
$2.1M
$7.5M
Q1 25
$6.4M
$7.1M
Q4 24
$-568.2K
$5.8M
Q3 24
$16.2M
$4.7M
Q2 24
$8.3M
$4.8M
Q1 24
$7.3M
$4.9M
Net Profit
CENN
CENN
FORA
FORA
Q4 25
$-50.7M
$-1.8M
Q3 25
$-6.7M
$-151.2K
Q2 25
$-5.7M
$224.8K
Q1 25
$-9.9M
$-1.1M
Q4 24
$-17.5M
$199.7K
Q3 24
$-9.0M
$-204.9K
Q2 24
$-9.2M
$-2.6M
Q1 24
$-9.2M
$-1.2M
Gross Margin
CENN
CENN
FORA
FORA
Q4 25
-54.9%
49.2%
Q3 25
2.3%
51.6%
Q2 25
15.0%
56.8%
Q1 25
-0.3%
55.6%
Q4 24
262.5%
58.3%
Q3 24
38.8%
70.1%
Q2 24
14.7%
62.2%
Q1 24
21.6%
65.1%
Operating Margin
CENN
CENN
FORA
FORA
Q4 25
-229.9%
-24.4%
Q3 25
-150.4%
-6.1%
Q2 25
-288.1%
0.6%
Q1 25
-126.4%
-19.8%
Q4 24
1644.3%
-24.9%
Q3 24
-40.4%
-17.0%
Q2 24
-106.0%
-62.2%
Q1 24
-97.3%
-36.3%
Net Margin
CENN
CENN
FORA
FORA
Q4 25
-1022.8%
-22.9%
Q3 25
-146.7%
-1.9%
Q2 25
-263.8%
3.0%
Q1 25
-154.4%
-16.0%
Q4 24
3084.9%
3.4%
Q3 24
-55.3%
-4.4%
Q2 24
-110.4%
-53.4%
Q1 24
-125.5%
-24.9%
EPS (diluted)
CENN
CENN
FORA
FORA
Q4 25
$-86.61
$-0.06
Q3 25
$-0.14
$0.00
Q2 25
$-0.19
$0.01
Q1 25
$-0.27
$-0.04
Q4 24
$-86.39
$0.01
Q3 24
$-0.29
$-0.01
Q2 24
$-0.30
$-0.08
Q1 24
$-0.30
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CENN
CENN
FORA
FORA
Cash + ST InvestmentsLiquidity on hand
$4.5M
$31.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.3M
$29.8M
Total Assets
$74.4M
$44.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CENN
CENN
FORA
FORA
Q4 25
$4.5M
$31.6M
Q3 25
$4.4M
$28.2M
Q2 25
$6.0M
$35.6M
Q1 25
$8.5M
$35.7M
Q4 24
$12.6M
$35.1M
Q3 24
$22.4M
$49.4M
Q2 24
$20.2M
$48.0M
Q1 24
$24.3M
$47.4M
Stockholders' Equity
CENN
CENN
FORA
FORA
Q4 25
$40.3M
$29.8M
Q3 25
$76.0M
$31.1M
Q2 25
$79.6M
$30.9M
Q1 25
$73.3M
$30.0M
Q4 24
$77.8M
$30.1M
Q3 24
$96.7M
$28.4M
Q2 24
$103.8M
$27.2M
Q1 24
$112.5M
$28.1M
Total Assets
CENN
CENN
FORA
FORA
Q4 25
$74.4M
$44.1M
Q3 25
$112.7M
$41.3M
Q2 25
$124.4M
$48.5M
Q1 25
$129.3M
$48.6M
Q4 24
$132.6M
$47.2M
Q3 24
$159.8M
$57.5M
Q2 24
$167.8M
$58.4M
Q1 24
$173.0M
$57.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CENN
CENN
FORA
FORA
Operating Cash FlowLast quarter
$-1.8M
$3.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CENN
CENN
FORA
FORA
Q4 25
$-1.8M
$3.2M
Q3 25
$-1.4M
$-439.7K
Q2 25
$-4.4M
$-344.5K
Q1 25
$-5.0M
$448.2K
Q4 24
$-8.5M
$1.7M
Q3 24
$-201.6K
$764.1K
Q2 24
$-3.8M
$-23.1K
Q1 24
$-8.9M
$-2.2M
Free Cash Flow
CENN
CENN
FORA
FORA
Q4 25
Q3 25
$-1.5M
Q2 25
$-4.5M
Q1 25
$-5.5M
Q4 24
$-8.6M
Q3 24
$-258.9K
Q2 24
$-4.2M
Q1 24
$-9.2M
FCF Margin
CENN
CENN
FORA
FORA
Q4 25
Q3 25
-33.2%
Q2 25
-211.2%
Q1 25
-85.4%
Q4 24
1509.3%
Q3 24
-1.6%
Q2 24
-50.3%
Q1 24
-125.7%
Capex Intensity
CENN
CENN
FORA
FORA
Q4 25
Q3 25
2.1%
Q2 25
5.6%
Q1 25
8.1%
Q4 24
-22.1%
0.0%
Q3 24
0.4%
0.0%
Q2 24
4.0%
0.0%
Q1 24
4.5%
0.0%
Cash Conversion
CENN
CENN
FORA
FORA
Q4 25
Q3 25
Q2 25
-1.53×
Q1 25
Q4 24
8.76×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CENN
CENN

Segment breakdown not available.

FORA
FORA

Financial Services Revenues$7.3M92%
Other$669.0K8%

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