Forward Industries, Inc. (FWDI)

NASDAQ: FWDI · Real-Time Price · USD
4.220
-0.030 (-0.71%)
At close: Jun 30, 2026, 4:00 PM EDT
4.260
+0.040 (0.95%)
After-hours: Jun 30, 2026, 6:22 PM EDT
Market Cap315.15M +4,338.7%
Revenue (ttm)44.84M +155.8%
Net Income-1.03B
EPS-18.88
Shares Out 74.68M
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume754,598
Open4.200
Previous Close4.250
Day's Range4.120 - 4.310
52-Week Range3.480 - 46.000
Beta0.79
AnalystsStrong Buy
Price Target8.25 (+95.96%)
Earnings DateAug 13, 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.

Founded 1961
Employees 60
Stock Exchange NASDAQ
Ticker Symbol FWDI
Full Company Profile

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 Statements

Analyst Summary

According to 2 analysts, the average rating for FWDI stock is "Strong Buy." The 12-month stock price target is $8.25, which is an increase of 95.96% from the latest price.

Price Target
$8.25
(95.96% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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

2 hours ago - TheFly

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...

6 days ago - GlobeNewsWire

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...

Other symbols: HSDT
14 days ago - TheFly

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...

Other symbols: HSDT
14 days ago - GlobeNewsWire

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...

Other symbols: SKYA
14 days ago - GlobeNewsWire

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...

Other symbols: HSDT
15 days ago - TheFly

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...

Other symbols: SKYA
15 days ago - TheFly

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...

Other symbols: HSDT
15 days ago - GlobeNewsWire

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...

Other symbols: SKYA
15 days ago - GlobeNewsWire

Forward Industries announces proposal to acquire Brera Holdings

Forward Industries (FWDI) announced that it made an indicative, non-binding proposal to Brera Holdings (SLMT) on June 1 to acquire the entire issued and to be issued share capital of…

Other symbols: SLMT
21 days ago - TheFly

Announcing Forward's Letter of Intent to Brera Holdings PLC (SLMT)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

Other symbols: SLMT
21 days ago - GlobeNewsWire

Forward Industries set to join Russell 2000, 3000 Indexes

Forward Industries (FWDI) announced that it is set to join the small-cap Russell 2000 Index and broad-market Russell 3000 Index after the Russell indexes’ semi-annual reconstitution, effective after t...

5 weeks ago - TheFly

Forward Industries Set to Join the Russell 2000® and 3000® Indexes

AUSTIN, TX, May 26, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or “Forward”), the leading Solana treasury company, today announced that it is set to join the small...

5 weeks ago - GlobeNewsWire

Forward Industries price target raised to $8 from $7 at B. Riley

B. Riley raised the firm’s price target on Forward Industries (FWDI) to $8 from $7 and keeps a Buy rating on the shares. Forward Industries reported stronger-than-expected revenue with stable…

6 weeks ago - TheFly

Forward Industries Earnings Call Transcript: Q2 2026

Revenue surged over 4x year-over-year to $13M, with gross margin at 70% and SOL per share growth exceeding 44% annualized, driven by strategic share repurchases and Solana ecosystem engagement. Net loss was $283.1M due to SOL price declines.

6 weeks ago - Transcripts

Forward Industries Quarterly report: Q2 2026

Forward Industries has published its Q2 2026 quarterly earnings report on May 14, 2026.

6 weeks ago - Filings

Forward Industries Earnings release: Q2 2026

Forward Industries released its Q2 2026 earnings on May 14, 2026, summarizing the period's financial results.

6 weeks ago - Filings

Forward Industries Slides: Q2 2026

Forward Industries has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on May 14, 2026.

6 weeks ago - Filings

Forward Industries Reports Fiscal Second Quarter 2026 Financial and Operating Results

Management to Host Conference Call Today at 5:00 p.m. Eastern Time AUSTIN, TX, May 14, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Solana...

6 weeks ago - GlobeNewsWire

Forward Industries and RockawayX Co-Lead Strategic Investment in OnRe to Accelerate Onchain Reinsurance on Solana

Investment Advances Forward's Strategy to Build Shareholder Value Through Active Participation in Tokenized Real-World Assets and Solana's Growing RWA Ecosystem

2 months ago - GlobeNewsWire

Forward Industries Schedules Fiscal Second Quarter 2026 Conference Call for May 14, 2026 at 5:00 p.m. ET

AUSTIN, TX, May 04, 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 c...

2 months ago - GlobeNewsWire

Forward Industries initiated with a Buy at B. Riley

B. Riley analyst Fedor Shabalin initiated coverage of Forward Industries (FWDI) with a Buy rating and $7 price target The firm believes the Solana (SOL-USD)-focused digital asset treasury company poss...

2 months ago - TheFly

Forward Industries CFO Kathleen Weisberg to step down, Mark Brazier to succeed

Forward Industries (FWDI) announced the appointment of Mark Brazier as CFO, effective April 13. Brazier will succeed Kathleen Weisberg, who has been with Forward since 2020 and will continue to…

2 months ago - TheFly

Forward Industries Appoints Mark Brazier as Chief Financial Officer

Veteran Digital Asset and Traditional Finance Executive to Oversee Financial Operations and Capital Markets Execution AUSTIN, TX, April 14, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: F...

2 months ago - GlobeNewsWire

Forward Industries announces 6.16M share repurchase for $27.4M

Forward Industries (FWDI) entered into an agreement to repurchase 6,164,324 shares of its common stock from an institutional investor in a privately negotiated transaction. The total purchase cost is ...

3 months ago - TheFly