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Forian Inc.（FORA）与SWK Holdings Corp（SWKH）财务数据对比。点击上方公司名可切换其他公司
SWK Holdings Corp的季度营收约是Forian Inc.的1.1倍（$8.7M vs $8.0M），Forian Inc.同比增速更快（37.0% vs -29.7%），过去两年Forian Inc.的营收复合增速更高（27.8% vs -12.5%）
Forian Inc是一家专注于医疗健康领域的数据分析与技术服务商，提供SaaS模式的真实世界证据解决方案、临床决策支持工具及运营优化服务，客户覆盖生物制药企业、医疗机构及生命科学领域相关机构，助力提升诊疗效率、推动医学研究进展。
SWK Holdings Corp是一家专注于医疗健康与生命科学领域的专业金融企业，为生物技术、制药、医疗器械及诊断类企业提供特许权使用费货币化、结构性债务、资产支持贷款等定制化融资服务，核心市场以北美地区为主。
FORA vs SWKH — 直观对比
营收规模更大
SWKH
是对方的1.1倍
$8.0M
营收增速更快
FORA
高出66.7%
-29.7%
两年增速更快
FORA
近两年复合增速
-12.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.0M | $8.7M |
| 净利润 | $-1.8M | $-19.4M |
| 毛利率 | 49.2% | — |
| 营业利润率 | -24.4% | 9.9% |
| 净利率 | -22.9% | — |
| 营收同比 | 37.0% | -29.7% |
| 净利润同比 | -1012.2% | -430.2% |
| 每股收益（稀释后） | $-0.06 | $-1.59 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FORASWKH
| Q4 25 | $8.0M | $8.7M | ||
| Q3 25 | $7.8M | $10.9M | ||
| Q2 25 | $7.5M | $10.1M | ||
| Q1 25 | $7.1M | $11.8M | ||
| Q4 24 | $5.8M | $12.4M | ||
| Q3 24 | $4.7M | $10.4M | ||
| Q2 24 | $4.8M | $10.8M | ||
| Q1 24 | $4.9M | $11.4M |
净利润FORASWKH
| Q4 25 | $-1.8M | $-19.4M | ||
| Q3 25 | $-151.2K | $8.8M | ||
| Q2 25 | $224.8K | $3.5M | ||
| Q1 25 | $-1.1M | $4.5M | ||
| Q4 24 | $199.7K | $5.9M | ||
| Q3 24 | $-204.9K | $3.5M | ||
| Q2 24 | $-2.6M | $3.7M | ||
| Q1 24 | $-1.2M | $468.0K |
毛利率FORASWKH
| 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% | — |
营业利润率FORASWKH
| Q4 25 | -24.4% | 9.9% | ||
| Q3 25 | -6.1% | 61.3% | ||
| Q2 25 | 0.6% | 46.1% | ||
| Q1 25 | -19.8% | 68.6% | ||
| Q4 24 | -24.9% | 44.7% | ||
| Q3 24 | -17.0% | 39.2% | ||
| Q2 24 | -62.2% | 8.3% | ||
| Q1 24 | -36.3% | 9.5% |
净利率FORASWKH
| Q4 25 | -22.9% | — | ||
| Q3 25 | -1.9% | 80.7% | ||
| Q2 25 | 3.0% | 35.2% | ||
| Q1 25 | -16.0% | 38.4% | ||
| Q4 24 | 3.4% | 47.5% | ||
| Q3 24 | -4.4% | 33.3% | ||
| Q2 24 | -53.4% | 33.9% | ||
| Q1 24 | -24.9% | 4.1% |
每股收益（稀释后）FORASWKH
| Q4 25 | $-0.06 | $-1.59 | ||
| Q3 25 | $0.00 | $0.72 | ||
| Q2 25 | $0.01 | $0.29 | ||
| Q1 25 | $-0.04 | $0.37 | ||
| Q4 24 | $0.01 | $0.47 | ||
| Q3 24 | $-0.01 | $0.28 | ||
| Q2 24 | $-0.08 | $0.30 | ||
| Q1 24 | $-0.04 | $0.04 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $31.6M | $42.8M |
| 总债务越低越好 | — | $33.0M |
| 股东权益账面价值 | $29.8M | $235.1M |
| 总资产 | $44.1M | $272.4M |
| 负债/权益比越低杠杆越低 | — | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资FORASWKH
| Q4 25 | $31.6M | $42.8M | ||
| Q3 25 | $28.2M | $10.2M | ||
| Q2 25 | $35.6M | $8.0M | ||
| Q1 25 | $35.7M | $29.8M | ||
| Q4 24 | $35.1M | $5.9M | ||
| Q3 24 | $49.4M | $17.2M | ||
| Q2 24 | $48.0M | $5.5M | ||
| Q1 24 | $47.4M | $5.5M |
总债务FORASWKH
| Q4 25 | — | $33.0M | ||
| Q3 25 | — | $33.0M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $33.0M | ||
| Q4 24 | — | $33.0M | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $33.0M | ||
| Q1 24 | — | $33.0M |
股东权益FORASWKH
| Q4 25 | $29.8M | $235.1M | ||
| Q3 25 | $31.1M | $254.2M | ||
| Q2 25 | $30.9M | $246.5M | ||
| Q1 25 | $30.0M | $292.7M | ||
| Q4 24 | $30.1M | $288.7M | ||
| Q3 24 | $28.4M | $283.4M | ||
| Q2 24 | $27.2M | $282.8M | ||
| Q1 24 | $28.1M | $279.9M |
总资产FORASWKH
| Q4 25 | $44.1M | $272.4M | ||
| Q3 25 | $41.3M | $289.4M | ||
| Q2 25 | $48.5M | $285.7M | ||
| Q1 25 | $48.6M | $331.3M | ||
| Q4 24 | $47.2M | $332.2M | ||
| Q3 24 | $57.5M | $321.3M | ||
| Q2 24 | $58.4M | $321.0M | ||
| Q1 24 | $57.5M | $322.0M |
负债/权益比FORASWKH
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $3.2M | $27.3M |
| 自由现金流经营现金流 - 资本支出 | — | $26.8M |
| 自由现金流率自由现金流/营收 | — | 308.1% |
| 资本支出强度资本支出/营收 | — | 5.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $43.2M |
8季度趋势，按日历期对齐
经营现金流FORASWKH
| Q4 25 | $3.2M | $27.3M | ||
| Q3 25 | $-439.7K | $906.0K | ||
| Q2 25 | $-344.5K | $7.8M | ||
| Q1 25 | $448.2K | $8.3M | ||
| Q4 24 | $1.7M | $23.0M | ||
| Q3 24 | $764.1K | $6.3M | ||
| Q2 24 | $-23.1K | $5.4M | ||
| Q1 24 | $-2.2M | $4.4M |
自由现金流FORASWKH
| Q4 25 | — | $26.8M | ||
| Q3 25 | — | $557.0K | ||
| Q2 25 | — | $7.7M | ||
| Q1 25 | — | $8.2M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | — | $6.3M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | — | — |
自由现金流率FORASWKH
| Q4 25 | — | 308.1% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 69.1% | ||
| Q4 24 | — | 185.3% | ||
| Q3 24 | — | 60.4% | ||
| Q2 24 | — | 49.7% | ||
| Q1 24 | — | — |
资本支出强度FORASWKH
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 0.0% | 1.1% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.0% | 0.2% | ||
| Q1 24 | 0.0% | 0.0% |
现金转化率FORASWKH
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | -1.53× | 2.21× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | 8.76× | 3.93× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 9.47× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FORA
| Financial Services Revenues | $7.3M | 92% |
| Other | $669.0K | 8% |
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
