Forward Industries, Inc. (FWDI)

Forward Industries Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Cash & Equivalents	25.39	38.17	2.78	3.18	2.58	1.41
Cash & Short-Term Investments	25.39	38.17	2.78	3.18	2.58	1.41
Cash Growth	873.89%	1274.33%	-12.68%	23.49%	82.61%	-51.78%
Accounts Receivable	1.07	1.06	1.27	6.97	7.54	8.76
Inventory	-	-	-	0.33	0.65	2.06
Other Current Assets	33.5	0.36	3.29	0.89	3.57	0.56
Total Current Assets	62.95	41.22	9.65	11.37	14.34	12.79
Net Property, Plant & Equipment	2.29	2.43	2.81	3.3	3.67	3.91
Other Intangible Assets	-	-	0.68	0.89	1.11	1.32
Goodwill	-	-	1.56	1.76	1.76	1.76
Other Long-Term Assets	827.71	1,431	0.07	0.07	0.07	0.07
Total Assets	892.95	1,475	14.77	17.39	20.94	19.86
Accounts Payable	2	1.36	0.1	8.76	7.98	6.13
Accrued Expenses	3.44	0.62	0.57	1.36	1.15	0.53
Short-Term Debt	3.5	-	0.6	-	-	-
Current Portion of Leases	0.43	0.45	0.4	0.42	0.38	0.34
Unearned Revenue	0.72	0.29	0.4	0.3	0.44	0.19
Other Current Liabilities	-	-	7.29	-	0.03	0.03
Total Current Liabilities	10.08	2.72	9.37	10.84	9.98	7.21
Long-Term Debt	-	-	-	1.1	1.4	1.6
Long-Term Leases	2	2.09	2.43	2.83	3.25	3.56
Other Long-Term Liabilities	-	-	-	-	0.05	0.05
Total Long-Term Liabilities	2	2.09	2.43	3.93	4.69	5.2
Total Liabilities	12.08	4.82	11.8	14.77	14.67	12.41
Preferred Stock	-	-	2.2	-	-	-
Common Stock	0.86	0.86	0.01	0.01	0.1	0.1
Treasury Stock	-10.88	-	-	-	-	-
Additional Paid-in Capital	1,663	1,656	20.39	20.29	20.12	19.91
Retained Earnings	-772.26	-186.61	-19.64	-17.69	-13.95	-12.57
Shareholders' Equity	880.86	1,470	2.97	2.62	6.27	7.44
Total Liabilities & Equity	892.95	1,475	14.77	17.39	20.94	19.86
Total Debt	5.93	2.55	3.43	4.35	5.03	5.5
Net Cash (Debt)	19.46	35.62	-0.66	-1.17	-2.45	-4.09
Net Cash Growth	-45.37%	-	-	-	-	-
Net Cash Per Share	0.62	5.25	-0.60	-1.06	-2.40	-3.92
Book Value	880.86	1,470	2.97	2.62	6.27	7.44
Book Value Per Share	28.15	216.48	2.69	2.38	6.14	7.13
Tangible Book Value	880.86	1,470	0.73	-0.04	3.4	4.37
Tangible Book Value Per Share	28.15	216.48	0.66	-0.03	3.33	4.18

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.