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Side-by-side financial comparison of Forian Inc. (FORA) and FIRST US BANCSHARES, INC. (FUSB). Click either name above to swap in a different company.

FIRST US BANCSHARES, INC. is the larger business by last-quarter revenue ($10.4M vs $8.0M, roughly 1.3× Forian Inc.). FIRST US BANCSHARES, INC. runs the higher net margin — 20.4% vs -22.9%, a 43.3% gap on every dollar of revenue. On growth, Forian Inc. posted the faster year-over-year revenue change (37.0% vs 7.1%). Over the past eight quarters, Forian Inc.'s revenue compounded faster (27.8% CAGR vs 2.6%).

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.

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

FORA vs FUSB — Head-to-Head

Bigger by revenue
FUSB
FUSB
1.3× larger
FUSB
$10.4M
$8.0M
FORA
Growing faster (revenue YoY)
FORA
FORA
+29.9% gap
FORA
37.0%
7.1%
FUSB
Higher net margin
FUSB
FUSB
43.3% more per $
FUSB
20.4%
-22.9%
FORA
Faster 2-yr revenue CAGR
FORA
FORA
Annualised
FORA
27.8%
2.6%
FUSB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FORA
FORA
FUSB
FUSB
Revenue
$8.0M
$10.4M
Net Profit
$-1.8M
$2.1M
Gross Margin
49.2%
Operating Margin
-24.4%
28.1%
Net Margin
-22.9%
20.4%
Revenue YoY
37.0%
7.1%
Net Profit YoY
-1012.2%
24.2%
EPS (diluted)
$-0.06
$0.36

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
FORA
FORA
FUSB
FUSB
Q4 25
$8.0M
$10.4M
Q3 25
$7.8M
$10.5M
Q2 25
$7.5M
$10.3M
Q1 25
$7.1M
$9.8M
Q4 24
$5.8M
$9.7M
Q3 24
$4.7M
$10.1M
Q2 24
$4.8M
$10.0M
Q1 24
$4.9M
$9.9M
Net Profit
FORA
FORA
FUSB
FUSB
Q4 25
$-1.8M
$2.1M
Q3 25
$-151.2K
$1.9M
Q2 25
$224.8K
$155.0K
Q1 25
$-1.1M
$1.8M
Q4 24
$199.7K
$1.7M
Q3 24
$-204.9K
$2.2M
Q2 24
$-2.6M
$2.1M
Q1 24
$-1.2M
$2.1M
Gross Margin
FORA
FORA
FUSB
FUSB
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
FORA
FORA
FUSB
FUSB
Q4 25
-24.4%
28.1%
Q3 25
-6.1%
23.9%
Q2 25
0.6%
1.6%
Q1 25
-19.8%
23.8%
Q4 24
-24.9%
23.8%
Q3 24
-17.0%
29.2%
Q2 24
-62.2%
27.4%
Q1 24
-36.3%
27.8%
Net Margin
FORA
FORA
FUSB
FUSB
Q4 25
-22.9%
20.4%
Q3 25
-1.9%
18.4%
Q2 25
3.0%
1.5%
Q1 25
-16.0%
18.1%
Q4 24
3.4%
17.6%
Q3 24
-4.4%
22.0%
Q2 24
-53.4%
21.2%
Q1 24
-24.9%
21.3%
EPS (diluted)
FORA
FORA
FUSB
FUSB
Q4 25
$-0.06
$0.36
Q3 25
$0.00
$0.32
Q2 25
$0.01
$0.03
Q1 25
$-0.04
$0.29
Q4 24
$0.01
$0.29
Q3 24
$-0.01
$0.36
Q2 24
$-0.08
$0.34
Q1 24
$-0.04
$0.34

Balance Sheet & Financial Strength

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

Metric
FORA
FORA
FUSB
FUSB
Cash + ST InvestmentsLiquidity on hand
$31.6M
$73.5M
Total DebtLower is stronger
$10.9M
Stockholders' EquityBook value
$29.8M
$105.6M
Total Assets
$44.1M
$1.2B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORA
FORA
FUSB
FUSB
Q4 25
$31.6M
$73.5M
Q3 25
$28.2M
$54.7M
Q2 25
$35.6M
$54.0M
Q1 25
$35.7M
$56.0M
Q4 24
$35.1M
$47.2M
Q3 24
$49.4M
$82.3M
Q2 24
$48.0M
$58.2M
Q1 24
$47.4M
$60.2M
Total Debt
FORA
FORA
FUSB
FUSB
Q4 25
$10.9M
Q3 25
$10.9M
Q2 25
$10.9M
Q1 25
$10.9M
Q4 24
$10.9M
Q3 24
$10.9M
Q2 24
$10.8M
Q1 24
$10.8M
Stockholders' Equity
FORA
FORA
FUSB
FUSB
Q4 25
$29.8M
$105.6M
Q3 25
$31.1M
$104.2M
Q2 25
$30.9M
$101.9M
Q1 25
$30.0M
$101.2M
Q4 24
$30.1M
$98.6M
Q3 24
$28.4M
$98.5M
Q2 24
$27.2M
$93.8M
Q1 24
$28.1M
$92.3M
Total Assets
FORA
FORA
FUSB
FUSB
Q4 25
$44.1M
$1.2B
Q3 25
$41.3M
$1.1B
Q2 25
$48.5M
$1.1B
Q1 25
$48.6M
$1.1B
Q4 24
$47.2M
$1.1B
Q3 24
$57.5M
$1.1B
Q2 24
$58.4M
$1.1B
Q1 24
$57.5M
$1.1B
Debt / Equity
FORA
FORA
FUSB
FUSB
Q4 25
0.10×
Q3 25
0.10×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.11×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
FORA
FORA
FUSB
FUSB
Operating Cash FlowLast quarter
$3.2M
$12.3M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
87.2%
Capex IntensityCapex / Revenue
31.1%
Cash ConversionOCF / Net Profit
5.79×
TTM Free Cash FlowTrailing 4 quarters
$16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FORA
FORA
FUSB
FUSB
Q4 25
$3.2M
$12.3M
Q3 25
$-439.7K
$4.2M
Q2 25
$-344.5K
$3.9M
Q1 25
$448.2K
$1.8M
Q4 24
$1.7M
$7.8M
Q3 24
$764.1K
$1.9M
Q2 24
$-23.1K
$2.5M
Q1 24
$-2.2M
$825.0K
Free Cash Flow
FORA
FORA
FUSB
FUSB
Q4 25
$9.1M
Q3 25
$3.6M
Q2 25
$1.6M
Q1 25
$1.7M
Q4 24
$5.7M
Q3 24
$1.3M
Q2 24
$2.3M
Q1 24
$-142.0K
FCF Margin
FORA
FORA
FUSB
FUSB
Q4 25
87.2%
Q3 25
34.2%
Q2 25
16.0%
Q1 25
17.2%
Q4 24
58.2%
Q3 24
12.7%
Q2 24
23.5%
Q1 24
-1.4%
Capex Intensity
FORA
FORA
FUSB
FUSB
Q4 25
31.1%
Q3 25
5.9%
Q2 25
21.8%
Q1 25
0.7%
Q4 24
0.0%
21.6%
Q3 24
0.0%
6.6%
Q2 24
0.0%
2.0%
Q1 24
0.0%
9.8%
Cash Conversion
FORA
FORA
FUSB
FUSB
Q4 25
5.79×
Q3 25
2.18×
Q2 25
-1.53×
25.16×
Q1 25
0.99×
Q4 24
8.76×
4.53×
Q3 24
0.87×
Q2 24
1.20×
Q1 24
0.39×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FORA
FORA

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

FUSB
FUSB

Segment breakdown not available.

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