Forward Industries, Inc.
FWDI
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Fundamentals
| Market cap | $547.75M | Enterprise value | $635.44M | Trailing P/E | — | Forward P/E | 27.62 |
| PEG | 2.53 | Price / book | 1.12 | Beta | 0.85 | Dividend yield | 0.00% |
| Revenue growth | 3.3% | Earnings growth | — | Gross margin | 70.6% | Operating margin | -6.8% |
| Profit margin | 0.0% | ROE | -4.6% | ROA | 2.0% | Debt / equity | 0.25 |
| Current ratio | 0.17 | Free cash flow | $14.77M | Analyst recommendation | none | Mean target | $11.83 |
| 52w high | $25.50 | 52w low | $3.48 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $10.8M | $13.0M | $21.4M | $7.9M | $2.5M | — |
| Op margin | -6.8% | 18.8% | 44.9% | -16.5% | -102.6% | — |
| Net income | -$69.0M | -$283M | -$586M | -$164M | -$0.9M | — |
| Gross margin | 62.2% | 70.0% | 78.6% | 61.1% | -24.9% | — |
| Gross profit | $6.7M | $9.1M | $16.8M | $4.9M | -$0.6M | — |
| Operating income | -$0.7M | $2.4M | $9.6M | -$1.3M | -$2.6M | — |
- Revenue -17% vs prior quarter ($11M vs $13M).
- Gross margin 62.2% (was 70% prior quarter).
- Operating margin compressed to -6.8%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $18.2M | $20.0M | $36.7M | $38.2M |
| Op margin | -35.0% | -9.8% | 0.4% | 1.5% |
| Net income | -$167M | -$2.0M | -$3.7M | -$1.4M |
| Gross margin | 28.5% | 25.9% | 22.8% | 23.0% |
| Gross profit | $5.2M | $5.2M | $8.4M | $8.8M |
| Operating income | -$6.4M | -$2.0M | $0.2M | $0.6M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-01 · Forward Industries’ SOL Stash Hits 8.5 Million After 949K Q4 Increase
2026-09-24 · Forward Industries Closes $25 Million Direct Offering
2026-09-23 · Forward Industries shares fall after $25 million share offering
2026-09-23 · Forward Industries to Raise $25 Million in Registered Direct Offering
2026-09-22 · Trump-Xi Meeting, SEC Tokenization Rule Seen As Near-Term Catalysts for Crypto Stocks, B. Riley Says
2026-09-15 · Forward Industries Sweetens SkyAI Takeover Offer to 50% Premium
2026-09-15 · Forward Industries Makes Updated Non-Binding Proposal to Acquire SkyAI
2026-09-10 · XYZ Stock Upgraded To ‘Buy,’ Cantor Raises Targets On Crypto Plays, Sees Bear-Market Bottom
2026-08-20 · SOL Strategies Evolving Into Broader Blockchain Platform – Quarterly Update Report
2026-08-19 · Forward Industries (FWDI) Q3 2026 Earnings Call Transcript
2026-08-14 · Solana Price Forecast: Exhaustion Candles Anticipate 10% Drop for SOL
2026-08-14 · Bit Digital Stock Rises Despite $107.2 Million Q2 Loss
Price (daily)
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