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Side-by-side financial comparison of Cherry Hill Mortgage Investment Corp (CHMI) and Forian Inc. (FORA). Click either name above to swap in a different company.

Cherry Hill Mortgage Investment Corp is the larger business by last-quarter revenue ($11.8M vs $8.0M, roughly 1.5× Forian Inc.). On growth, Forian Inc. posted the faster year-over-year revenue change (37.0% vs -37.2%). Over the past eight quarters, Forian Inc.'s revenue compounded faster (27.8% CAGR vs -15.2%).

Cherry Hill Mortgage Investment Corp is a U.S.-headquartered real estate finance firm focused on acquiring, investing in and managing residential mortgage-related assets. Its core holdings include agency mortgage-backed securities, residential loans and mortgage servicing rights, operating primarily in the U.S. domestic housing finance market.

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.

CHMI vs FORA — Head-to-Head

Bigger by revenue
CHMI
CHMI
1.5× larger
CHMI
$11.8M
$8.0M
FORA
Growing faster (revenue YoY)
FORA
FORA
+74.2% gap
FORA
37.0%
-37.2%
CHMI
Faster 2-yr revenue CAGR
FORA
FORA
Annualised
FORA
27.8%
-15.2%
CHMI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CHMI
CHMI
FORA
FORA
Revenue
$11.8M
$8.0M
Net Profit
$-1.8M
Gross Margin
78.9%
49.2%
Operating Margin
72.1%
-24.4%
Net Margin
-22.9%
Revenue YoY
-37.2%
37.0%
Net Profit YoY
-1012.2%
EPS (diluted)
$0.18
$-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
CHMI
CHMI
FORA
FORA
Q4 25
$11.8M
$8.0M
Q3 25
$8.6M
$7.8M
Q2 25
$6.0M
$7.5M
Q1 25
$-3.0M
$7.1M
Q4 24
$18.7M
$5.8M
Q3 24
$-7.1M
$4.7M
Q2 24
$6.6M
$4.8M
Q1 24
$16.3M
$4.9M
Net Profit
CHMI
CHMI
FORA
FORA
Q4 25
$-1.8M
Q3 25
$4.5M
$-151.2K
Q2 25
$1.6M
$224.8K
Q1 25
$-7.0M
$-1.1M
Q4 24
$199.7K
Q3 24
$-12.4M
$-204.9K
Q2 24
$784.0K
$-2.6M
Q1 24
$12.1M
$-1.2M
Gross Margin
CHMI
CHMI
FORA
FORA
Q4 25
78.9%
49.2%
Q3 25
73.2%
51.6%
Q2 25
67.7%
56.8%
Q1 25
183.4%
55.6%
Q4 24
83.3%
58.3%
Q3 24
145.3%
70.1%
Q2 24
47.5%
62.2%
Q1 24
83.9%
65.1%
Operating Margin
CHMI
CHMI
FORA
FORA
Q4 25
72.1%
-24.4%
Q3 25
56.0%
-6.1%
Q2 25
44.4%
0.6%
Q1 25
223.6%
-19.8%
Q4 24
76.2%
-24.9%
Q3 24
171.8%
-17.0%
Q2 24
22.0%
-62.2%
Q1 24
78.0%
-36.3%
Net Margin
CHMI
CHMI
FORA
FORA
Q4 25
-22.9%
Q3 25
52.7%
-1.9%
Q2 25
25.9%
3.0%
Q1 25
229.2%
-16.0%
Q4 24
3.4%
Q3 24
175.8%
-4.4%
Q2 24
11.9%
-53.4%
Q1 24
73.7%
-24.9%
EPS (diluted)
CHMI
CHMI
FORA
FORA
Q4 25
$0.18
$-0.06
Q3 25
$0.05
$0.00
Q2 25
$-0.03
$0.01
Q1 25
$-0.29
$-0.04
Q4 24
$0.30
$0.01
Q3 24
$-0.49
$-0.01
Q2 24
$-0.06
$-0.08
Q1 24
$0.32
$-0.04

Balance Sheet & Financial Strength

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

Metric
CHMI
CHMI
FORA
FORA
Cash + ST InvestmentsLiquidity on hand
$54.9M
$31.6M
Total DebtLower is stronger
$146.3M
Stockholders' EquityBook value
$236.0M
$29.8M
Total Assets
$1.5B
$44.1M
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHMI
CHMI
FORA
FORA
Q4 25
$54.9M
$31.6M
Q3 25
$55.4M
$28.2M
Q2 25
$58.0M
$35.6M
Q1 25
$47.3M
$35.7M
Q4 24
$46.3M
$35.1M
Q3 24
$50.2M
$49.4M
Q2 24
$52.4M
$48.0M
Q1 24
$47.5M
$47.4M
Total Debt
CHMI
CHMI
FORA
FORA
Q4 25
$146.3M
Q3 25
$148.0M
Q2 25
$150.1M
Q1 25
$150.1M
Q4 24
$152.1M
Q3 24
$151.8M
Q2 24
$160.5M
Q1 24
$167.5M
Stockholders' Equity
CHMI
CHMI
FORA
FORA
Q4 25
$236.0M
$29.8M
Q3 25
$233.1M
$31.1M
Q2 25
$229.9M
$30.9M
Q1 25
$226.6M
$30.0M
Q4 24
$230.3M
$30.1M
Q3 24
$236.7M
$28.4M
Q2 24
$234.5M
$27.2M
Q1 24
$247.0M
$28.1M
Total Assets
CHMI
CHMI
FORA
FORA
Q4 25
$1.5B
$44.1M
Q3 25
$1.5B
$41.3M
Q2 25
$1.5B
$48.5M
Q1 25
$1.4B
$48.6M
Q4 24
$1.5B
$47.2M
Q3 24
$1.6B
$57.5M
Q2 24
$1.4B
$58.4M
Q1 24
$1.4B
$57.5M
Debt / Equity
CHMI
CHMI
FORA
FORA
Q4 25
0.62×
Q3 25
0.63×
Q2 25
0.65×
Q1 25
0.66×
Q4 24
0.66×
Q3 24
0.64×
Q2 24
0.68×
Q1 24
0.68×

Cash Flow & Capital Efficiency

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

Metric
CHMI
CHMI
FORA
FORA
Operating Cash FlowLast quarter
$19.1M
$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
CHMI
CHMI
FORA
FORA
Q4 25
$19.1M
$3.2M
Q3 25
$-2.4M
$-439.7K
Q2 25
$12.5M
$-344.5K
Q1 25
$682.0K
$448.2K
Q4 24
$-4.7M
$1.7M
Q3 24
$4.4M
$764.1K
Q2 24
$4.1M
$-23.1K
Q1 24
$-19.1M
$-2.2M
Capex Intensity
CHMI
CHMI
FORA
FORA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
CHMI
CHMI
FORA
FORA
Q4 25
Q3 25
-0.53×
Q2 25
7.98×
-1.53×
Q1 25
Q4 24
8.76×
Q3 24
Q2 24
5.18×
Q1 24
-1.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHMI
CHMI

Segment breakdown not available.

FORA
FORA

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

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