1. MARKETS
  2. SECTOR : DIVERSIFIED CONSUMER SERVICES
  3. INDUSTRY : OTHER CONSUMER SPECIALTIES
  4. FORWARD INDUSTRIES, INC.
Forward Industries, Inc.
XNAS: FWDI
Momentum Trap
Download real time
7.18-0.21(-2.84%)
73.06% Fall from 52W High
2.5M
XNAS Volume

XNAS 08 Oct, 2026 5:30 PM (EDT)

Portfolio

Alert

My Notes

Forward Ind Inc quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

View Charts

Forward Ind Inc quarterly results: revenue, profit, and P&L – 13 quarter history

Nested row level
Base Level
Reporting Type
Originally Reported
Cell Data
Actual
Table Settings
YoY & New to Old
Nested row level
Base Level
Export
  • POSITIVE

    Quarterly Revenue Forward Ind Inc Jun-2026 Quarterly Revenue is $11 Million which is growth of 332.1% YoY.

  • NEGATIVE

    Quarterly Net Profit Forward Ind Inc Jun-2026 Quarterly Net Profit is $-69 Million which is growth of -8012.7% YoY.

Forward Industries, Inc., Earnings Report - Quarterly Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
10.81321.482.53.16.67.37.97.87.25.110.1
Cost Of Rev.
4.13.94.63.13.13.35.166.36.25.528.3
Gross Profit
6.79.116.94.9-0.6-0.21.51.41.61.61.63.11.8
⌄
7.46.67.26.21.91.621.822.221.12.4
Operating Profit
-0.72.49.6-1.3-2.6-1.8-0.5-0.4-0.4-0.5-0.42-0.5
⌄
-0.40.10.70-000-0-0
Profit Before Tax
-70.7-284-583-163.9-2.4-1.8-0.7-0.6-0.4-0.6-0.42-0.5
Tax
-1.7-0.92.7000
⌄
-69-283.1-585.7-164-0.9-1.5-0.7-0.6-0.4-0.6-0.4-1.9-0.5
Diluted NI Avail to Com Stockholders Ann.
-69-283.1-585.7-164-0.9-1.5-0.7-0.6-0.4-0.6-0.4-1.9-0.5
Basic EPS
-0.8-3-5.9-1.9-0.8-1.3-0.6-0.6-0.4-0.5-0.4-1.9-0.5
Diluted EPS After ExtraOrdinary
-00-1.5-0.5-2.3-1.7-0.4-0.5-0.3-0.5-0.42-0.5
Number Of Shares End
86.794.999.186.21.11.11.11.11.11111
Net Income Continuing Discontinued Operations
-69-283.1-585.7-164-0.9-1.5-0.7-0.6-0.4-0.6-0.4-1.9-0.5
Normalized Income
-1.12.6-144.1-42.9-2.6-1.8-0.5-0.5-0.4-0.6-0.42-0.5
Interest Income
0.10.20.70000000000
Interest
0.50.1-0000000000
Net Interest Income
-0.40.10.70-000-0-0
EBIT
-70.2-283.99.6-163.9-2.4-1.8-0.7-0.6-0.4-0.5-0.42-0.5
EBITDA
-70.2-283.99.6-163.9-2.3-1.7-0.6-0.5-0.3-0.4-0.32.1-0.4
Reconciled Cost Of Rev.
4.13.94.63.13.13.35.166.36.25.528.3
Reconciled Depr.
0000.10.10.10.10.10.10.10.10.10.1
Profit From Continuing Operations
-69-283.1-585.7-164-0.9-1.5-0.7-0.6-0.4-0.6-0.4-1.9-0.5
Normalized EBITDA
-0.62.7602.9-1.2-2.5-1.7-0.4-0.3-0.3-0.4-0.32.1-0.4
*All financials are in USD Million and price data in USD
Add metric to table
Search...

Forward Ind Inc competitor comparison and performance snapshot within industry

Forward Ind Inc annual results: revenue, profit, P&L, and margins as of Sep 2025 – 11 year history

Nested row level
Base Level
Reporting Type
Originally Reported
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
Select...
Nested row level
Base Level
Export
  • NEGATIVE

    Annual Revenue Forward Ind Inc Sep-2025 Annual Revenue is $18 Million which is growth of -39.8% YoY.

  • NEGATIVE

    Annual Net Profit Forward Ind Inc Sep-2025 Annual Net Profit is $-167 Million which is growth of -8460.2% YoY.

Forward Industries, Inc., Earnings Report - Annual Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMSep '25Sep '24Sep '23Sep '22Sep '21Sep '20Sep '19Sep '18Sep '17Sep '16Sep '15
⌄
-24.5%
-12%
 18.230.236.742.33934.537.434.524.827.530
Cost Of Rev. Ann.
-27.4%
-14.1%
15.6132428.33430.927.830.827.920.622.424.2
Gross Profit Ann.
-14.8%
-4.7%
37.55.26.28.48.48.16.66.66.64.25.15.8
Operating Exp. Ann.
6.5%
8.8%
27.511.67.98.29.68.97.69.76.33.64.57.3
Operating Profit Ann.
-
-
10-6.4-1.70.2-1.2-0.8-1-3.10.30.60.6-1.5
⌄
-
-
0.400-0.1-0.1-0.1-0.1-0.2-0.1-
Other Exp. Ann.
-
-
 -162.7-0.20.1-01.4-0.7-0.30.5-0-0-0.1
PBT Ann.
-
-
-1,101.6-169.1-1.90.2-1.40.5-1.8-3.60.60.60.6-1.6
Tax Ann.
-
-
0.10000-0.8-
⌄
-
-
-1,101.6-167-2-3.7-1.40.5-1.8-3.61.40.60.6-1.9
Diluted NI Avail to Com Stockholders Ann.
-
-
-1,101.6-167-2-3.7-1.40.5-1.8-3.61.40.60.6-1.9
EPS Ann.
-
-
 -24.6-1.8-3.7-1.40.5-1.9-3.81.50.70.7-2.3
Diluted EPS Ann.
-
-
 -24.6-1.8-3.7-1.40.5-1.9-3.81.50.70.7-2.3
Number Of Shares End
341.7%
143.8%
 86.21.11111110.90.90.8
Total Exp. Ann.
-17.4%
-7.1%
 24.631.936.543.639.835.540.534.224.226.931.5
Net Income Continuing Discontinued Operations Ann.
-
-
-1,101.7-167-2-3.7-1.40.5-1.8-3.61.40.60.6-1.4
Normalized Income Ann.
-
-
-185.5-6.4-1.80.1-1.4-0.9-1.3-3.310.60.6-1.5
Interest Income Ann.
-
0%
10.10.100.10.1---
Interest Ann.
0%
-12.9%
 0.10.10.10.10.20.20.20.1---
EBITDA Ann.
-
-
-508.2-168.7-1.50.6-0.91-1.3-3.110.60.7-1.5
Reconciled Cost Of Rev. Ann.
-27.4%
-14.1%
15.6132428.33430.927.830.827.920.622.424.2
Reconciled Depr. Ann.
0%
0%
0.20.30.30.30.30.30.30.30.200.10.1
Profit From Continuing Operations Ann.
-
-
-1,101.7-167-2-3.7-1.40.5-1.8-3.61.40.60.6-1.4
Normalized EBITDA Ann.
-
-
603.7-6-1.30.5-0.9-0.4-0.7-2.80.50.60.7-1.4
*All financials are in USD Million and price data in USD
Add metric to table
Search...
Total Rev. Ann.
1Y CHG
-39.7%
2Y CAGR
-29.6%
3Y CAGR
-24.5%
5Y CAGR
-12%
7Y CAGR
-8.7%
10Y CAGR
-4.9%
Total Revenue Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
46.8%
2Y CAGR
18.9%
3Y CAGR
6.5%
5Y CAGR
8.8%
7Y CAGR
9.1%
10Y CAGR
4.7%
Operating Expenses Annual Cr growth is higher than historical averages.

Forward Ind Inc balance sheet as of Sep 2025: assets, liabilities, reserves, and borrowings – 11 year history

Nested row level
Base Level
Reporting Type
Originally Reported
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
Select...
Nested row level
Base Level
Export
  • POSITIVE

    Total Shareholders Fund Forward Ind Inc Sep-2025 Total Shareholders Fund is $1,470 Million which is growth of 191564.6% YoY.

  • POSITIVE

    Total Assets Forward Ind Inc Sep-2025 Total Assets is $1,475 Million which is growth of 9887.2% YoY.

Forward Industries, Inc., Balance Sheet, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsSep '25Sep '24Sep '23Sep '22Sep '21Sep '20Sep '19Sep '18Sep '17Sep '16Sep '15
⌄
313.2%
137.8%
1,474.914.817.420.919.919.416.119.213.212.412.8
⌄
-31.1%
-17.8%
4.811.814.814.712.412.88.48.14.24.25.5
⌄
515.7%
194.8%
1,470.10.82.66.37.46.67.711.18.98.27.3
Total Capitalization Ann.
475.8%
190.5%
1,470.133.77.797.17.711.28.98.27.3
Tangible Assets Ann.
656.2%
238.7%
1,470.10.7-03.44.43.34.37.58.98.27.3
Working Capital Ann.
106.1%
62.5%
38.50.30.54.45.63.43.57.68.98.27.3
Invested Capital Ann.
475.8%
167.7%
1,470.11.43.77.7910.710.713.38.98.27.3
Tangible Book Value Ann.
656.2%
238.7%
1,470.1-1.5-03.44.43.34.37.58.98.27.3
Borrowings Ann.
-19.6%
-19.7%
2.63.44.455.57.832.3---
Net Debt Ann.
-
-
----0.21.2-----
Share Issued Ann.
341.7%
143.8%
86.21.11111110.90.90.9
Number Of Shares End
341.7%
143.8%
86.21.11111110.90.90.8
*All financials are in USD Million and price data in USD
Add metric to table
Search...
Total Assets Ann.
1Y CHG
9865.5%
2Y CAGR
820.7%
3Y CAGR
313.2%
5Y CAGR
137.8%
7Y CAGR
85.9%
10Y CAGR
60.8%
Total Assets Annual growth is higher than historical averages.
Total Current Liabilities Ann.
1Y CHG
-71.3%
2Y CAGR
-50%
3Y CAGR
-35.4%
5Y CAGR
-21%
7Y CAGR
-13.7%
10Y CAGR
-6.5%
Total Current Liabilities Annual Cr is falling faster than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
183662.5%
2Y CAGR
2277.9%
3Y CAGR
515.7%
5Y CAGR
194.8%
7Y CAGR
101%
10Y CAGR
70%
Total ShareHolders Funds Annual growth is higher than historical averages.

Forward Ind Inc ROE, ROCE, book value, and debt-to-equity ratio as of Sep 2025 – 11 year history

Nested row level
Base Level
Reporting Type
Originally Reported
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
Select...
Nested row level
Base Level
Export
  • POSITIVE

    Book Value Per Share Forward Ind Inc Book Value Per Share is $6 which is growth of 796.6% YoY.

  • POSITIVE

    ROE Forward Ind Inc ROE is -23% which is growth of 92.6% YoY.

Forward Industries, Inc., Ratios, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsSep '25Sep '24Sep '23Sep '22Sep '21Sep '20Sep '19Sep '18Sep '17Sep '16Sep '15
RoA Ann. %
-
-
-22.42%-12.13%-19.50%-6.76%2.67%-10.02%-20.41%8.52%4.54%4.82%-13.01%
ROE Ann. %
-
-
-22.70%-115.31%-84.13%-20.11%7.47%-24.84%-38.32%13.77%6.77%7.82%-23.12%
ROIC %
-
-
-22.2-14.3-23.6-6.5-0.4-0.5-15.51.41.31.73.6
OPM Ann. %
-
-
-35.00%-5.74%0.44%-2.93%-1.96%-2.81%-8.28%0.76%2.42%2.25%-5.04%
Inventory Turnover Ratio Ann.
-
-
-58.213.711.618.519.319.415.18.88.29.2
Asset Turnover Ann. %
-
-
01.91.92.1222.12.11.92.22.1
Working Capital Turnover Ann.
-62.8%
-45.3%
0.5110.868.79.7710.210.64.62.83.44.1
Quick Ratio Ann.
146.6%
65.7%
150.70.911.41.21.21.82.62.31.8
Current Ratio Ann.
120.9%
60.9%
15.111.11.41.81.41.423.132.4
Interest Coverage Ratio Ann.
-
-
-3,439.3-33.22.7-10.24.1-9.1-176.5---
LT Debt To Equity Ann.
252.3%
-
30.61.50.70.70.60---
*All financials are in USD Million and price data in USD
Add metric to table
Search...
Current Ratio Ann.
1Y CHG
1410%
2Y CAGR
270.5%
3Y CAGR
120.9%
5Y CAGR
60.9%
7Y CAGR
33.5%
10Y CAGR
20.2%
Current Ratio Annual growth is higher than historical averages.

Forward Ind Inc cash flow: net, operating, investing, and financing flows as of Sep 2025 – 11 year history

Nested row level
Base Level
Reporting Type
Originally Reported
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
Select...
Nested row level
Base Level
Export
  • NEGATIVE

    Cash From Operating Activity Forward Ind Inc Sep-2025 Cash From Operating Activity is $-5 Million which is growth of -1303.1% YoY.

  • POSITIVE

    Net Cash Flow Forward Ind Inc Sep-2025 Net Cash Flow is $35 Million which is growth of 22243.7% YoY.

Forward Industries, Inc., Cash Flow, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsSep '25Sep '24Sep '23Sep '22Sep '21Sep '20Sep '19Sep '18Sep '17Sep '16Sep '15
⌄
-
-
-4.90.411.5-0.5-0.3-21-0.10.8-2
⌄
-
-
-901.5-0.1-0.1-0.2-0.1-0.4-0-1.4-0.10.9
⌄
-
351.8%
941.4-0.5-0.3-0.2-0.90.50.70.2-1.3
Cash Plus Cash Eqv. End Of Year Ann.
144.9%
67.5%
38.233.22.61.42.93.14.44.64.84
Net Increase In Cash Plus Cash Eqv.s Ann.
209%
-
35.4-0.20.61.2-1.5-0.2-1.3-0.3-0.10.7-2.4
Cash Plus Cash Eqv. Begin Of Year Ann.
26%
-2%
2.83.22.61.42.93.14.44.64.846.5
Income Tax Paid Supplemental Data Ann.
-
-
00000-
Interest Paid Supplemental Data Ann.
0%
-12.9%
0.10.10.10.10.20.20.20.1--
Capex Ann.
-
-
-0-0.1-0.1-0.2-0.1-0.1-0-0.1--0.1-0
Issuance Of Capital Stock Ann.
-
-
2.2----------
Issuance Of Debt Ann.
-
0.9%
2.4--0.22.31.62.5---
Repayment Of Debt Ann.
-
-
-0.6-0.5-0.3-0.2-1.3-1.3-0.8-1.8---
Repurchase Of Capital Stock Ann.
-
-
---------1.3
Free Cash Flow Ann.
-
-
-4.50.30.91.4-0.6-0.3-20.9-0.10.7-2.1
*All financials are in USD Million and price data in USD
Add metric to table
Search...
Cash from Financing Act. Ann.
5Y CAGR
351.8%
7Y CAGR
234.7%
Cash from Financing Annual Activity growth is higher than historical averages.
×