Forward Industries, Inc. (FWDI)
| Market Cap | 341.78M +3,783.9% |
| Revenue (ttm) | 44.84M +155.8% |
| Net Income | -1.03B |
| EPS | -18.88 |
| Shares Out | 76.98M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,056,808 |
| Open | 4.190 |
| Previous Close | 4.070 |
| Day's Range | 4.150 - 4.460 |
| 52-Week Range | 4.030 - 46.000 |
| Beta | 0.79 |
| Analysts | Strong Buy |
| Price Target | 8.25 (+85.81%) |
| Earnings Date | May 14, 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 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 85.81% from the latest price.
News
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…
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.
Forward Industries Quarterly report: Q2 2026
Forward Industries has published its Q2 2026 quarterly earnings report on May 14, 2026.
Forward Industries Earnings release: Q2 2026
Forward Industries released its Q2 2026 earnings on May 14, 2026, summarizing the period's financial results.
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.
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...
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
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...
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...
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…
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...
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 ...
Forward Industries Announces Strategic Share Repurchase
Transaction Expected to Increase SOL-per-Share and Return Over 6 Million Shares of Common Stock to its Treasury Using Low-Cost Financing from Galaxy Digital LLC
Forward Industries Slides: Investor presentation
Forward Industries has posted slides in relation to its latest quarterly earnings report, which was published on March 11, 2026.
Forward Industries Transcript: AGM 2026
The meeting covered director elections, auditor ratification, equity plan amendments, and a state of incorporation change. All proposals passed, including a three-year frequency for advisory votes on executive compensation. Final results will be filed with the SEC.
Forward Industries Earnings Call Transcript: Q1 2026
Revenue and gross margin surged year-over-year, driven by Solana staking, but a large net loss was recorded due to mark-to-market declines in SOL. Strategic initiatives included launching fwdSOL, on-chain share issuance, and opportunistic buybacks, with a focus on compounding SOL per share.
Forward Industries Earnings release: Q1 2026
Forward Industries released its Q1 2026 earnings on February 12, 2026, summarizing the period's financial results.
Forward Industries Quarterly report: Q1 2026
Forward Industries has published its Q1 2026 quarterly earnings report on February 12, 2026.
Forward Industries reports Q1 revenue $21.4M vs. $4.6M last year
Net loss for the first quarter of fiscal 2026 was $585.6M compared to a net loss of $0.7M in the prior year period. The increase in net loss was driven…
Forward Industries Reports Fiscal First Quarter 2026 Financial and Operating Results
NEW YORK--(BUSINESS WIRE)--Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or “Forward”), the leading Solana treasury company, today announced its financial and operating results for the fiscal...
Forward Industries Schedules Fiscal First Quarter 2026 Conference Call for February 12, 2026 at 5:00 p.m. ET
NEW YORK--(BUSINESS WIRE)--Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or “Forward Industries”), the leading Solana treasury company, today announced that it will host a conference call on ...
Forward Industries Proxy statement: Proxy Filing
Forward Industries filed a proxy statement on January 26, 2026, providing details for shareholder voting and corporate governance matters.
Forward Industries Proxy statement: Proxy Filing
Forward Industries filed a proxy statement on January 16, 2026, providing details for shareholder voting and corporate governance matters.
Forward Industries reports SOL holdings over 6.97M SOL
Forward Industries (FWDI) issued an update on its treasury and recent operational highlights. “We continue to execute on our strategy to actively scale our Solana treasury through disciplined deployme...
Forward Industries' SOL Holdings total over 6.97 Million SOL
NEW YORK--(BUSINESS WIRE)--Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or “Forward Industries”), the leading Solana treasury company, today issued an update on its treasury and recent opera...