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Forward Industries, Inc. (FWDI)
NASDAQ: FWDI · Real-Time Price · USD
4.090
+0.200 (5.14%)
At close: Jul 27, 2026, 4:00 PM EDT
3.980
-0.110 (-2.69%)
Pre-market: Jul 28, 2026, 8:02 AM EDT

Forward Industries Financials Overview

Millions USD. Fiscal year is Oct - Sep.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
Revenue
44.8418.1919.9972.7538.2139.02
Revenue Growth
155.84%-9.02%-72.52%90.41%-2.09%13.18%
Gross Profit
30.165.195.188.368.88.13
Operating Income
-873.4-8.39-2.150.160.59-0.76
Net Income
-164.84-167-1.95-3.74-1.380.52
Earnings Per Share
-31.00-24.59-1.77-3.39-1.400.50
EPS Growth
------

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
Digital Assets
-4.58----
Design
-13.6119.9922.6920.1716.55
Total
33.4418.1919.9936.6938.2139.02

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
Cash & Investments
16.6338.172.783.182.581.41
Total Debt
52.992.553.434.355.035.5
Net Cash (Debt)
-36.3535.62-0.66-1.17-2.45-4.09
Net Cash Growth
------
Net Cash Per Share
-0.665.25-0.60-1.06-2.40-3.92

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
Operating Cash Flow
-16.26-4.50.521.041.53-0.53
Capital Expenditures
-0.02-0.03-0.07-0.14-0.17-0.07
Free Cash Flow
-16.28-4.530.450.91.37-0.6
Free Cash Flow Growth
---49.76%-33.71%--

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
Gross Margin
67.26%28.54%25.93%11.50%23.03%20.85%
Operating Margin
-1947.97%-46.14%-10.76%0.22%1.54%-1.96%
Pretax Margin
-2304.53%-929.59%-10.72%0.25%1.18%1.34%
Profit Margin
-2308.61%-929.70%-10.84%0.22%1.18%1.34%
FCF Margin
-36.31%-24.90%2.27%1.24%3.57%-1.53%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
PE Ratio
-----47.80
Forward PE
21.9139.2539.2539.2539.2539.25
P/FCF Ratio
--9.038.459.80-
PS Ratio
6.73121.110.210.110.350.62