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

Forian Inc. is the larger business by last-quarter revenue ($8.0M vs $5.7M, roughly 1.4× MediWound Ltd.). Forian Inc. runs the higher net margin — -22.9% vs -233.3%, a 210.4% gap on every dollar of revenue. On growth, Forian Inc. posted the faster year-over-year revenue change (37.0% vs 12.7%).

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.

MediWound Ltd. is a biopharmaceutical company specializing in the research, development, production and commercialization of innovative products for burn care, chronic wound treatment and soft tissue repair. It operates mainly across North America, Europe and Asia, serving hospitals, healthcare providers and patients in the wound care segment.

FORA vs MDWD — Head-to-Head

Bigger by revenue
FORA
FORA
1.4× larger
FORA
$8.0M
$5.7M
MDWD
Growing faster (revenue YoY)
FORA
FORA
+24.3% gap
FORA
37.0%
12.7%
MDWD
Higher net margin
FORA
FORA
210.4% more per $
FORA
-22.9%
-233.3%
MDWD

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FORA
FORA
MDWD
MDWD
Revenue
$8.0M
$5.7M
Net Profit
$-1.8M
$-13.3M
Gross Margin
49.2%
23.5%
Operating Margin
-24.4%
-100.1%
Net Margin
-22.9%
-233.3%
Revenue YoY
37.0%
12.7%
Net Profit YoY
-1012.2%
-111.2%
EPS (diluted)
$-0.06
$-1.23

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
MDWD
MDWD
Q4 25
$8.0M
Q3 25
$7.8M
Q2 25
$7.5M
$5.7M
Q1 25
$7.1M
Q4 24
$5.8M
Q3 24
$4.7M
Q2 24
$4.8M
$5.1M
Q1 24
$4.9M
Net Profit
FORA
FORA
MDWD
MDWD
Q4 25
$-1.8M
Q3 25
$-151.2K
Q2 25
$224.8K
$-13.3M
Q1 25
$-1.1M
Q4 24
$199.7K
Q3 24
$-204.9K
Q2 24
$-2.6M
$-6.3M
Q1 24
$-1.2M
Gross Margin
FORA
FORA
MDWD
MDWD
Q4 25
49.2%
Q3 25
51.6%
Q2 25
56.8%
23.5%
Q1 25
55.6%
Q4 24
58.3%
Q3 24
70.1%
Q2 24
62.2%
8.8%
Q1 24
65.1%
Operating Margin
FORA
FORA
MDWD
MDWD
Q4 25
-24.4%
Q3 25
-6.1%
Q2 25
0.6%
-100.1%
Q1 25
-19.8%
Q4 24
-24.9%
Q3 24
-17.0%
Q2 24
-62.2%
-88.6%
Q1 24
-36.3%
Net Margin
FORA
FORA
MDWD
MDWD
Q4 25
-22.9%
Q3 25
-1.9%
Q2 25
3.0%
-233.3%
Q1 25
-16.0%
Q4 24
3.4%
Q3 24
-4.4%
Q2 24
-53.4%
-124.5%
Q1 24
-24.9%
EPS (diluted)
FORA
FORA
MDWD
MDWD
Q4 25
$-0.06
Q3 25
$0.00
Q2 25
$0.01
$-1.23
Q1 25
$-0.04
Q4 24
$0.01
Q3 24
$-0.01
Q2 24
$-0.08
$-0.68
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
MDWD
MDWD
Cash + ST InvestmentsLiquidity on hand
$31.6M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$29.8M
$20.1M
Total Assets
$44.1M
$67.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORA
FORA
MDWD
MDWD
Q4 25
$31.6M
Q3 25
$28.2M
Q2 25
$35.6M
$1.1M
Q1 25
$35.7M
Q4 24
$35.1M
Q3 24
$49.4M
Q2 24
$48.0M
$3.8M
Q1 24
$47.4M
Stockholders' Equity
FORA
FORA
MDWD
MDWD
Q4 25
$29.8M
Q3 25
$31.1M
Q2 25
$30.9M
$20.1M
Q1 25
$30.0M
Q4 24
$30.1M
Q3 24
$28.4M
Q2 24
$27.2M
$17.9M
Q1 24
$28.1M
Total Assets
FORA
FORA
MDWD
MDWD
Q4 25
$44.1M
Q3 25
$41.3M
Q2 25
$48.5M
$67.0M
Q1 25
$48.6M
Q4 24
$47.2M
Q3 24
$57.5M
Q2 24
$58.4M
$57.3M
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
MDWD
MDWD
Operating Cash FlowLast quarter
$3.2M
$-5.8M
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
FORA
FORA
MDWD
MDWD
Q4 25
$3.2M
Q3 25
$-439.7K
Q2 25
$-344.5K
$-5.8M
Q1 25
$448.2K
Q4 24
$1.7M
Q3 24
$764.1K
Q2 24
$-23.1K
$-3.6M
Q1 24
$-2.2M
Capex Intensity
FORA
FORA
MDWD
MDWD
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
FORA
FORA
MDWD
MDWD
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

FORA
FORA

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

MDWD
MDWD

Segment breakdown not available.

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