Forward Industries, Inc. (FWDI)

Forward Industries Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Cash & Equivalents	38.17	2.78	3.18	2.58	1.41
Cash & Short-Term Investments	38.17	2.78	3.18	2.58	1.41
Cash Growth	1274.33%	-12.68%	23.49%	82.61%	-51.78%
Receivables	2.7	3.58	6.97	7.54	8.76
Inventory	-	-	0.33	0.67	2.38
Prepaid Expenses	0.36	0.38	0.38	0.4	0.24
Other Current Assets	-	2.91	0.51	3.15	-
Total Current Assets	41.22	9.65	11.37	14.34	12.79
Property, Plant & Equipment	2.43	2.81	3.3	3.67	3.91
Goodwill	-	1.56	1.76	1.76	1.76
Other Intangible Assets	-	0.68	0.89	1.11	1.32
Other Long-Term Assets	1,431	0.07	0.07	0.07	0.07
Total Assets	1,475	14.77	17.39	20.94	19.86
Accounts Payable	0.43	0.1	0.52	0.27	0.39
Accrued Expenses	0.27	0.37	1.16	8.66	6.1
Current Portion of Long-Term Debt	-	0.6	-	-	-
Current Portion of Leases	0.45	0.4	0.42	0.38	0.34
Current Unearned Revenue	0.29	0.4	0.3	0.44	0.19
Other Current Liabilities	1.28	7.49	8.45	0.23	0.19
Total Current Liabilities	2.72	9.37	10.84	9.98	7.21
Long-Term Debt	-	-	1.1	1.4	1.6
Long-Term Leases	2.09	2.43	2.83	3.25	3.56
Other Long-Term Liabilities	-	-	-	0.05	0.05
Total Liabilities	4.82	11.8	14.77	14.67	12.41
Common Stock	0.86	0.01	0.01	0.1	0.1
Additional Paid-In Capital	1,656	20.39	20.29	20.12	19.91
Retained Earnings	-186.61	-19.64	-17.69	-13.95	-12.57
Comprehensive Income & Other	-	2.2	-	-	-
Shareholders' Equity	1,470	2.97	2.62	6.27	7.44
Total Liabilities & Equity	1,475	14.77	17.39	20.94	19.86
Total Debt	2.55	3.43	4.35	5.03	5.5
Net Cash (Debt)	35.62	-0.66	-1.17	-2.45	-4.09
Net Cash Per Share	5.25	-0.60	-1.06	-2.40	-3.92
Filing Date Shares Outstanding	86.46	1.1	1.01	1.01	1.01
Total Common Shares Outstanding	86.15	1.1	1.01	1.01	1.01
Working Capital	38.5	0.28	0.53	4.36	5.59
Book Value Per Share	17.07	2.69	2.60	6.23	7.40
Tangible Book Value	1,470	0.73	-0.04	3.4	4.37
Tangible Book Value Per Share	17.07	0.66	-0.04	3.38	4.34
Machinery	0.62	0.61	0.74	0.61	0.69

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