Forward Industries, Inc. (FWDI)
| Market Cap | 502.16M +1,499.2% |
| Revenue (ttm) | 53.12M +254.5% |
| Net Income | -1.10B |
| EPS | -14.47 |
| Shares Out | 73.85M |
| PE Ratio | n/a |
| Forward PE | 60.88 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,075,170 |
| Open | 6.96 |
| Previous Close | 6.99 |
| Day's Range | 6.79 - 7.09 |
| 52-Week Range | 3.48 - 19.00 |
| Beta | 0.85 |
| Analysts | Strong Buy |
| Price Target | 11.83 (+73.97%) |
| Est. Earnings | Dec 10, 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 $11.83, which is an increase of 73.97% from the latest price.
News
Forward Industries Grows SOL Holdings by 949K to 8.5 Million SOL in Fiscal Fourth Quarter, Increasing SOL per Share to 0.0806
Forward Industries increased SOL per Share by 42% annualized, for the quarter. AUSTIN, TX, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the l...
Forward Industries Slides: Investor presentation
Forward Industries has posted slides in relation to its latest quarterly earnings report, which was published on October 1, 2026.
Forward Industries Completes $25 Million Registered Direct Offering with an Institutional Investor
Proceeds to Expand SOL Holdings and Accelerate SOL Per Share Growth AUSTIN, TX, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Sol...
Forward Industries prices 3.125M shares at $8.00 in registered direct offering
Forward Industries (FWDI) announced that it has entered into a securities purchase agreement with an institutional investor for the purchase and sale of 3.125M shares of the company’s common stock…
UPDATE: Forward Industries Announces $25 Million Registered Direct Offering with Institutional Investor
Company Intends to Use Proceeds to Acquire SOL AUSTIN, TX, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or "Forward"), the leading Solana treasury company,...
Forward Industries Announces $25 Million Registered Direct Offering with Institutional Investor
Company Intends to Use Proceeds to Acquire SOL AUSTIN, TX, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or "Forward"), the leading Solana treasury company,...
Forward Industries price target raised to $11 from $9 at B. Riley
B. Riley analyst Fedor Shabalin raised the firm’s price target on Forward Industries (FWDI) to $11 from $9 and keeps a Buy rating on the shares. The weekend crypto rally…
Forward Industries’ SOL holdings rise to 8.16M SOL
Forward Industries (FWDI) provided an update on its SOL treasury holdings. From August 4 to September 20, Forward added approximately 357,000 SOL and SOL equivalents through purchases and staking rewa...
Forward Industries' SOL Holdings Rise to Approximately 8.16 Million SOL
AUSTIN, TX, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Solana treasury company, today provided an update on its SOL treasury h...
Forward Industries announces updated proposal to buy SkyAI
Forward Industries (FWDI) announced that it has delivered a letter to the Board of Directors of SkyAI (SKYA) proposing to acquire all of SkyAI’s issued and outstanding common stock. Under…
Forward Industries Announces Updated Proposal to Acquire SkyAI, Inc.
Proposal reflects a 50% premium to SkyAI's closing price on September 14, 2026. SkyAI stockholders may elect cash or Forward common stock, or any combination of the two.
SkyAI rejects Forward Industries proposal, reaffirms solana treasury strategy
SkyAI (SKYA) issued a statement after receiving an unsolicited, non-binding, all-stock acquisition proposal in June from Forward Industries (FWDI). SkyAI’s board established a Special Committee consis...
Forward Industries price target raised to $16 from $8 at Cantor Fitzgerald
Cantor Fitzgerald raised the firm’s price target on Forward Industries (FWDI) to $16 from $8 and keeps an Overweight rating on the shares. The price target increase reflects recent momentum…
Forward Industries urges SkyAI shareholders to vote no on Equity Incentive Plan
Forward Industries (FWDI) released an open letter to shareholders of SkyAI (SKYA), outlining its concerns regarding the Company and announcing its request for shareholders to vote AGAINST SkyAI’s 2026...
Forward Industries Urges Shareholders of SkyAI to Vote No at the 2026 Annual Meeting
Believes SkyAI Shareholders Deserve Greater Accountability From a Board That Has Failed to Deliver Value to Shareholders
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 ...