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

Cellectis S.A. is the larger business by last-quarter revenue ($9.5M vs $8.0M, roughly 1.2× Forian Inc.). Forian Inc. runs the higher net margin — -22.9% vs -265.9%, a 243.0% gap on every dollar of revenue. On growth, Cellectis S.A. posted the faster year-over-year revenue change (375.0% vs 37.0%).

Cellectis is a French biopharmaceutical company. It develops genome-edited chimeric antigen receptor T-cell technologies for cancer immunotherapy. It has offices in Paris, New York City, and Raleigh, North Carolina.

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.

CLLS vs FORA — Head-to-Head

Bigger by revenue
CLLS
CLLS
1.2× larger
CLLS
$9.5M
$8.0M
FORA
Growing faster (revenue YoY)
CLLS
CLLS
+338.0% gap
CLLS
375.0%
37.0%
FORA
Higher net margin
FORA
FORA
243.0% more per $
FORA
-22.9%
-265.9%
CLLS

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
CLLS
CLLS
FORA
FORA
Revenue
$9.5M
$8.0M
Net Profit
$-25.3M
$-1.8M
Gross Margin
49.2%
Operating Margin
-181.1%
-24.4%
Net Margin
-265.9%
-22.9%
Revenue YoY
375.0%
37.0%
Net Profit YoY
-51.9%
-1012.2%
EPS (diluted)
$-0.28
$-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
CLLS
CLLS
FORA
FORA
Q4 25
$8.0M
Q3 25
$7.8M
Q2 25
$7.5M
Q1 25
$7.1M
Q4 24
$5.8M
Q3 24
$4.7M
Q2 24
$9.5M
$4.8M
Q1 24
$4.9M
Net Profit
CLLS
CLLS
FORA
FORA
Q4 25
$-1.8M
Q3 25
$-151.2K
Q2 25
$224.8K
Q1 25
$-1.1M
Q4 24
$199.7K
Q3 24
$-204.9K
Q2 24
$-25.3M
$-2.6M
Q1 24
$-1.2M
Gross Margin
CLLS
CLLS
FORA
FORA
Q4 25
49.2%
Q3 25
51.6%
Q2 25
56.8%
Q1 25
55.6%
Q4 24
58.3%
Q3 24
70.1%
Q2 24
62.2%
Q1 24
65.1%
Operating Margin
CLLS
CLLS
FORA
FORA
Q4 25
-24.4%
Q3 25
-6.1%
Q2 25
0.6%
Q1 25
-19.8%
Q4 24
-24.9%
Q3 24
-17.0%
Q2 24
-181.1%
-62.2%
Q1 24
-36.3%
Net Margin
CLLS
CLLS
FORA
FORA
Q4 25
-22.9%
Q3 25
-1.9%
Q2 25
3.0%
Q1 25
-16.0%
Q4 24
3.4%
Q3 24
-4.4%
Q2 24
-265.9%
-53.4%
Q1 24
-24.9%
EPS (diluted)
CLLS
CLLS
FORA
FORA
Q4 25
$-0.06
Q3 25
$0.00
Q2 25
$0.01
Q1 25
$-0.04
Q4 24
$0.01
Q3 24
$-0.01
Q2 24
$-0.28
$-0.08
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
CLLS
CLLS
FORA
FORA
Cash + ST InvestmentsLiquidity on hand
$149.0M
$31.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$148.6M
$29.8M
Total Assets
$407.1M
$44.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLLS
CLLS
FORA
FORA
Q4 25
$31.6M
Q3 25
$28.2M
Q2 25
$35.6M
Q1 25
$35.7M
Q4 24
$35.1M
Q3 24
$49.4M
Q2 24
$149.0M
$48.0M
Q1 24
$47.4M
Stockholders' Equity
CLLS
CLLS
FORA
FORA
Q4 25
$29.8M
Q3 25
$31.1M
Q2 25
$30.9M
Q1 25
$30.0M
Q4 24
$30.1M
Q3 24
$28.4M
Q2 24
$148.6M
$27.2M
Q1 24
$28.1M
Total Assets
CLLS
CLLS
FORA
FORA
Q4 25
$44.1M
Q3 25
$41.3M
Q2 25
$48.5M
Q1 25
$48.6M
Q4 24
$47.2M
Q3 24
$57.5M
Q2 24
$407.1M
$58.4M
Q1 24
$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
CLLS
CLLS
FORA
FORA
Operating Cash FlowLast quarter
$28.9M
$3.2M
Free Cash FlowOCF − Capex
$27.6M
FCF MarginFCF / Revenue
290.5%
Capex IntensityCapex / Revenue
13.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLLS
CLLS
FORA
FORA
Q4 25
$3.2M
Q3 25
$-439.7K
Q2 25
$-344.5K
Q1 25
$448.2K
Q4 24
$1.7M
Q3 24
$764.1K
Q2 24
$28.9M
$-23.1K
Q1 24
$-2.2M
Free Cash Flow
CLLS
CLLS
FORA
FORA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$27.6M
Q1 24
FCF Margin
CLLS
CLLS
FORA
FORA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
290.5%
Q1 24
Capex Intensity
CLLS
CLLS
FORA
FORA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
13.2%
0.0%
Q1 24
0.0%
Cash Conversion
CLLS
CLLS
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

CLLS
CLLS

Segment breakdown not available.

FORA
FORA

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

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