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Side-by-side financial comparison of Forian Inc. (FORA) and Monte Rosa Therapeutics, Inc. (GLUE). Click either name above to swap in a different company.

Monte Rosa Therapeutics, Inc. is the larger business by last-quarter revenue ($12.8M vs $8.0M, roughly 1.6× Forian Inc.). Forian Inc. runs the higher net margin — -22.9% vs -212.1%, a 189.2% gap on every dollar of revenue. On growth, Monte Rosa Therapeutics, Inc. posted the faster year-over-year revenue change (38.5% vs 37.0%).

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.

Monte Rosa Therapeutics is a clinical-stage biotechnology company specializing in the discovery and development of targeted molecular glue degrader therapies. Its pipeline addresses unmet medical needs across oncology, rare genetic disorders and immunological diseases, with operations focused on advancing novel treatments for global patient populations.

FORA vs GLUE — Head-to-Head

Bigger by revenue
GLUE
GLUE
1.6× larger
GLUE
$12.8M
$8.0M
FORA
Growing faster (revenue YoY)
GLUE
GLUE
+1.6% gap
GLUE
38.5%
37.0%
FORA
Higher net margin
FORA
FORA
189.2% more per $
FORA
-22.9%
-212.1%
GLUE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FORA
FORA
GLUE
GLUE
Revenue
$8.0M
$12.8M
Net Profit
$-1.8M
$-27.1M
Gross Margin
49.2%
Operating Margin
-24.4%
-258.3%
Net Margin
-22.9%
-212.1%
Revenue YoY
37.0%
38.5%
Net Profit YoY
-1012.2%
-13.5%
EPS (diluted)
$-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
FORA
FORA
GLUE
GLUE
Q4 25
$8.0M
Q3 25
$7.8M
$12.8M
Q2 25
$7.5M
$23.2M
Q1 25
$7.1M
$84.9M
Q4 24
$5.8M
$60.6M
Q3 24
$4.7M
Q2 24
$4.8M
Q1 24
$4.9M
Net Profit
FORA
FORA
GLUE
GLUE
Q4 25
$-1.8M
Q3 25
$-151.2K
$-27.1M
Q2 25
$224.8K
$-12.3M
Q1 25
$-1.1M
$46.9M
Q4 24
$199.7K
$13.4M
Q3 24
$-204.9K
Q2 24
$-2.6M
Q1 24
$-1.2M
Gross Margin
FORA
FORA
GLUE
GLUE
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
GLUE
GLUE
Q4 25
-24.4%
Q3 25
-6.1%
-258.3%
Q2 25
0.6%
-67.1%
Q1 25
-19.8%
51.9%
Q4 24
-24.9%
21.4%
Q3 24
-17.0%
Q2 24
-62.2%
Q1 24
-36.3%
Net Margin
FORA
FORA
GLUE
GLUE
Q4 25
-22.9%
Q3 25
-1.9%
-212.1%
Q2 25
3.0%
-53.0%
Q1 25
-16.0%
55.2%
Q4 24
3.4%
22.2%
Q3 24
-4.4%
Q2 24
-53.4%
Q1 24
-24.9%
EPS (diluted)
FORA
FORA
GLUE
GLUE
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
$-0.08
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
FORA
FORA
GLUE
GLUE
Cash + ST InvestmentsLiquidity on hand
$31.6M
$208.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$29.8M
$245.8M
Total Assets
$44.1M
$459.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORA
FORA
GLUE
GLUE
Q4 25
$31.6M
Q3 25
$28.2M
$208.3M
Q2 25
$35.6M
$69.4M
Q1 25
$35.7M
$78.5M
Q4 24
$35.1M
$224.3M
Q3 24
$49.4M
Q2 24
$48.0M
Q1 24
$47.4M
Stockholders' Equity
FORA
FORA
GLUE
GLUE
Q4 25
$29.8M
Q3 25
$31.1M
$245.8M
Q2 25
$30.9M
$268.1M
Q1 25
$30.0M
$275.2M
Q4 24
$30.1M
$222.9M
Q3 24
$28.4M
Q2 24
$27.2M
Q1 24
$28.1M
Total Assets
FORA
FORA
GLUE
GLUE
Q4 25
$44.1M
Q3 25
$41.3M
$459.8M
Q2 25
$48.5M
$359.6M
Q1 25
$48.6M
$393.2M
Q4 24
$47.2M
$438.7M
Q3 24
$57.5M
Q2 24
$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
FORA
FORA
GLUE
GLUE
Operating Cash FlowLast quarter
$3.2M
$100.4M
Free Cash FlowOCF − Capex
$99.8M
FCF MarginFCF / Revenue
781.5%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$145.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FORA
FORA
GLUE
GLUE
Q4 25
$3.2M
Q3 25
$-439.7K
$100.4M
Q2 25
$-344.5K
$-34.7M
Q1 25
$448.2K
$-45.5M
Q4 24
$1.7M
$128.9M
Q3 24
$764.1K
Q2 24
$-23.1K
Q1 24
$-2.2M
Free Cash Flow
FORA
FORA
GLUE
GLUE
Q4 25
Q3 25
$99.8M
Q2 25
$-36.4M
Q1 25
$-47.1M
Q4 24
$128.7M
Q3 24
Q2 24
Q1 24
FCF Margin
FORA
FORA
GLUE
GLUE
Q4 25
Q3 25
781.5%
Q2 25
-157.0%
Q1 25
-55.4%
Q4 24
212.3%
Q3 24
Q2 24
Q1 24
Capex Intensity
FORA
FORA
GLUE
GLUE
Q4 25
Q3 25
5.1%
Q2 25
7.3%
Q1 25
1.9%
Q4 24
0.0%
0.3%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
FORA
FORA
GLUE
GLUE
Q4 25
Q3 25
Q2 25
-1.53×
Q1 25
-0.97×
Q4 24
8.76×
9.59×
Q3 24
Q2 24
Q1 24

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%

GLUE
GLUE

Segment breakdown not available.

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