Forward Industries, Inc. (FWDI)

NASDAQ: FWDI · Real-Time Price · USD

Compare

7.31

+0.70 (10.59%)

At close: Jan 2, 2026, 4:00 PM EST

7.85

+0.54 (7.40%)

Pre-market: Jan 5, 2026, 8:53 AM EST

Forward Industries Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021	2016 - 2020
Revenue	18.19	19.99	36.69	38.21	39.02	Upgrade
Revenue Growth (YoY)	-9.02%	-45.51%	-3.98%	-2.09%	13.18%	Upgrade
Cost of Revenue	13	14.81	28.32	29.41	30.89	Upgrade
Gross Profit	5.19	5.18	8.36	8.8	8.13	Upgrade
Selling, General & Admin	10.63	7.13	8.2	8.21	8.9	Upgrade
Other Operating Expenses	0.92	-	-	-	-	Upgrade
Operating Expenses	11.56	7.13	8.2	8.21	8.9	Upgrade
Operating Income	-6.37	-1.95	0.16	0.59	-0.76	Upgrade
Interest Expense	-0.05	-0.06	-0.1	-0.12	-0.17	Upgrade
Interest & Investment Income	0.07	0.08	0.02	-	0.09	Upgrade
Currency Exchange Gain (Loss)	0.01	0.01	0	-0.01	-0.01	Upgrade
Other Non Operating Income (Expenses)	-160.7	-0.02	0.03	0	0	Upgrade
EBT Excluding Unusual Items	-167.04	-1.94	0.11	0.45	-0.85	Upgrade
Impairment of Goodwill	-2.03	-0.2	-	-	-	Upgrade
Other Unusual Items	-	-	0.07	-	1.38	Upgrade
Pretax Income	-169.07	-2.14	0.18	0.45	0.52	Upgrade
Income Tax Expense	0.02	0.02	0.02	0	-	Upgrade
Earnings From Continuing Operations	-169.09	-2.17	0.16	0.45	0.52	Upgrade
Earnings From Discontinued Operations	2.11	0.22	-3.9	-1.83	-	Upgrade
Net Income	-166.97	-1.95	-3.74	-1.38	0.52	Upgrade
Preferred Dividends & Other Adjustments	0.03	-	-	-	-	Upgrade
Net Income to Common	-167	-1.95	-3.74	-1.38	0.52	Upgrade
Shares Outstanding (Basic)	7	1	1	1	1	Upgrade
Shares Outstanding (Diluted)	7	1	1	1	1	Upgrade
Shares Change (YoY)	516.78%	-	7.94%	-2.32%	8.97%	Upgrade
EPS (Basic)	-24.59	-1.77	-3.39	-1.37	0.53	Upgrade
EPS (Diluted)	-24.59	-1.77	-3.40	-1.39	0.50	Upgrade
Free Cash Flow	-4.53	0.45	0.9	1.37	-0.6	Upgrade
Free Cash Flow Per Share	-0.67	0.41	0.82	1.34	-0.57	Upgrade
Gross Margin	28.54%	25.93%	22.80%	23.03%	20.85%	Upgrade
Operating Margin	-35.00%	-9.76%	0.43%	1.54%	-1.96%	Upgrade
Profit Margin	-918.23%	-9.76%	-10.18%	-3.61%	1.34%	Upgrade
Free Cash Flow Margin	-24.89%	2.27%	2.47%	3.57%	-1.53%	Upgrade
EBITDA	-6.03	-1.62	0.48	0.9	-0.44	Upgrade
EBITDA Margin	-33.18%	-8.10%	1.30%	2.35%	-1.12%	Upgrade
D&A For EBITDA	0.33	0.33	0.32	0.31	0.33	Upgrade
EBIT	-6.37	-1.95	0.16	0.59	-0.76	Upgrade
EBIT Margin	-35.00%	-9.76%	0.43%	1.54%	-1.96%	Upgrade
Effective Tax Rate	-	-	11.20%	0.56%	-	Upgrade
Revenue as Reported	-	-	36.69	-	-	Upgrade

Updated Dec 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.