Forward Industries, Inc. (FWDI)
| Market Cap | 489.60M +1,642.4% |
| Revenue (ttm) | 53.12M +254.5% |
| Net Income | -1.10B |
| EPS | -14.47 |
| Shares Out | 73.85M |
| PE Ratio | n/a |
| Forward PE | 40.52 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 780,427 |
| Open | 6.85 |
| Previous Close | 6.86 |
| Day's Range | 6.56 - 6.91 |
| 52-Week Range | 3.48 - 46.00 |
| Beta | 0.89 |
| Analysts | Strong Buy |
| Price Target | 7.83 (+18.1%) |
| Earnings Date | Aug 12, 2026 |
About FWDI
Forward Industries, Inc. operates as a Solana (SOL) focused digital asset treasury company. The company operates through Digital Assets and Design segments. The Digital Assets segment captures SOL-based yield generated by participating in the Solana network’s staking protocol. The Design segment offers hardware and software product design and engineering services to customers located in the United States. The company was incorporated in 1961 and is based in Austin, Texas.
Financial Performance
In fiscal year 2025, Forward Industries's revenue was $18.19 million, a decrease of -9.02% compared to the previous year's $19.99 million. Losses were -$167.00 million, 8461.7% more than in 2024.
Financial StatementsAnalyst Summary
According to 3 analysts, the average rating for FWDI stock is "Strong Buy." The 12-month stock price target is $7.83, which is an increase of 18.10% from the latest price.
News
Forward Industries price target raised to $9 from $7 at B. Riley
B. Riley analyst Fedor Shabalin raised the firm’s price target on Forward Industries (FWDI) to $9 from $7 and keeps a Buy rating on the shares. The firm increased targets…
Forward Industries reports Q3 EPS (80c) vs. (77c) last year
Reports Q3 revenue $10.78M, consensus $12.58M. “Fiscal Q3 was another strong period of execution for Forward as we expanded our Solana treasury while delivering meaningful growth in SOL per share,”…
Forward Industries price target raised to $8 from $7.90 at Cantor Fitzgerald
Cantor Fitzgerald analyst Gareth Gacetta raised the firm’s price target on Forward Industries (FWDI) to $8 from $7.90 and keeps an Overweight rating on the shares.
Forward Industries price target lowered to $7 from $8 at B. Riley
B. Riley lowered the firm’s price target on Forward Industries (FWDI) to $7 from $8 and keeps a Buy rating on the shares. Forward Industries’ Q3 update highlights rapid SOL-per-share…
Forward Industries Earnings Call Transcript: Q3 2026
SOL per share grew at a 36% annualized rate, with holdings rising to 7.8 million and strong staking yields. Revenue surged to $10.8 million, but net loss reached $69 million due to digital asset impairments. Strategic investments and index inclusion position the company for further growth.
Forward Industries Slides: Q3 2026
Forward Industries has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on August 12, 2026.
Forward Industries Quarterly report: Q3 2026
Forward Industries has published its Q3 2026 quarterly earnings report on August 12, 2026.
Forward Industries Earnings release: Q3 2026
Forward Industries released its Q3 2026 earnings on August 12, 2026, summarizing the period's financial results.
Forward Industries Reports Fiscal Third Quarter 2026 Financial and Operating Results
Management to Host Conference Call Today at 5:00 p.m. Eastern Time AUSTIN, TX, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Solan...
Forward Industries Schedules Fiscal Third Quarter 2026 Conference Call for August 12, 2026 at 5:00 p.m. ET
AUSTIN, TX, July 29, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or “Forward”), the leading Solana treasury company, today announced that it will host a conference ...
Forward Industries confirms no intention to make offer for Brera Holdings
Forward Industries (FWDI) confirmed that it does not intend to make an offer for Brera Holdings (SLMT). The company said, “This announcement is intended to be treated as a statement…
Statement of no intention to make an offer for Brera Holdings plc (the “Company”)
THIS IS AN ANNOUNCEMENT UNDER RULE 2.8 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 (THE “IRISH TAKEOVER RULES”).
Forward appoints Galaxy Digital chief strategy officer Michael Ashe to board
Forward Industries (FWDI) announced the appointment of Michael Ashe, currently chief strategy officer at Galaxy Digital (GLXY), to its board of directors. Ashe previously served as a board observer an...
Forward Industries Announces Appointment of Michael Ashe to Board of Directors
AUSTIN, TX, July 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward Industries”), the leading Solana treasury company, today announced the appointment of M...
Forward Industries management to meet with B. Riley
Meeting to be held in New York on July 9 hosted by B. Riley.
Forward Industries Expands Solana Treasury by Over 500k SOL in Fiscal Q3 2026; Now Holds Over 7.5M SOL
The Company increased SOL-per-fully diluted share by 36% annualized to 0.0729 vs. 0.0669 prior quarter AUSTIN, TX, July 01, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Comp...
Forward Industries initiated with an Overweight at Cantor Fitzgerald
Cantor Fitzgerald last night initiated coverage of Forward Industries (FWDI) with an Overweight rating and $7.90 price target The company’s Solana position puts its validator among the top 10 globally...
Forward Industries initiated with an Overweight at Cantor Fitzgerald
Cantor Fitzgerald initiated coverage of Forward Industries (FWDI) with an Overweight rating and $7.90 price target
OPENING POSITION DISCLOSURE UNDER RULE 8.1(a) AND (b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY AN OFFEROR OR AN OFFEREE
FORM 8.1(a) & (b) (Opening Position Disclosure) IRISH TAKEOVER PANEL AUSTIN, TX, June 24, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) 1. KEY INFORMATION (a) Full name of disc...
Solana Company board rejects Forward Industries acquisition proposal
Solana Company (HSDT) confirmed that its board of directors has unanimously rejected the unsolicited, non-binding proposal it received on June 4 from Forward Industries (FWDI) to acquire the company i...
UPDATED: Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT)
AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of Solana Company regarding an all-st...
UPDATED: Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA)
AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of SkyAI, Inc. regarding an all-stock...
Forward Industries announces Solana Company board rejects acquisition proposal
Forward Industries (FWDI) confirmed that it made a non-binding proposal to the board of directors of Solana Company (HSDT) regarding an all-stock business combination. On June 12, Solana responded tha...
Forward Industries confirms non-binding proposal to acquire SkyAI
Forward Industries (FWDI) confirmed that it made a non-binding proposal to the board of directors of SkyAI (SKYA) regarding an all-stock business combination under which SkyAI stockholders would recei...
Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT)
AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of Solana Company regarding an all-st...