Skip to main content
logo
Forward Industries, Inc. (FWDI)
NASDAQ: FWDI · Real-Time Price · USD
5.89
-0.77 (-11.56%)
At close: Aug 28, 2026, 4:00 PM EDT
5.99
+0.10 (1.70%)
After-hours: Aug 28, 2026, 7:52 PM EDT

Forward Industries Financials Overview

Millions USD. Fiscal year is Oct - Sep.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
Revenue
53.1218.1919.9936.6938.2139.02
Revenue Growth
254.52%-9.02%-45.51%-3.98%-2.09%13.18%
Gross Profit
37.485.195.188.368.88.13
Operating Income
10.02-6.37-1.950.160.59-0.76
Net Income
-1,102-167-1.95-3.74-1.380.52
Earnings Per Share
-14.47-24.59-1.77-3.40-1.390.50
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
13.5413.6119.9922.6920.1716.55
Total
44.8418.1919.9936.6938.2139.02

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
Cash & Investments
13.2838.172.783.182.581.41
Total Debt
118.512.553.434.355.035.5
Net Cash (Debt)
-105.2235.62-0.66-1.17-2.45-4.09
Net Cash Growth
------
Net Cash Per Share
-1.385.25-0.60-1.06-2.40-3.92

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
Operating Cash Flow
-18.38-4.50.521.041.53-0.53
Capital Expenditures
-0-0.03-0.07-0.14-0.17-0.07
Free Cash Flow
-18.38-4.530.450.91.37-0.6
Free Cash Flow Growth
---49.76%-33.71%--

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
Gross Margin
70.56%28.54%25.93%22.80%23.03%20.85%
Operating Margin
18.86%-35.00%-9.76%0.43%1.54%-1.96%
Pretax Margin
-2073.66%-929.59%-10.72%0.49%1.18%1.34%
Profit Margin
-2073.88%-918.23%-9.76%-10.18%-3.61%1.34%
FCF Margin
-34.61%-24.89%2.27%2.47%3.57%-1.53%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Sep '25 Sep '24 Sep '23 Sep '22 Sep '21
PE Ratio
-----45.77
Forward PE
35.7039.2539.2539.2539.2539.25
P/FCF Ratio
--9.038.459.80-
PS Ratio
8.19119.600.210.210.350.61