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	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Cash & Equivalents	16.63	38.17	2.78	3.18	2.58	1.41
Cash & Short-Term Investments	16.63	38.17	2.78	3.18	2.58	1.41
Cash Growth	824.89%	1274.33%	-12.68%	23.49%	82.61%	-51.78%
Accounts Receivable	2.96	2.7	3.58	6.97	7.54	8.76
Inventory	-	-	-	0.33	0.65	2.06
Other Current Assets	2.03	0.36	3.29	0.89	3.57	0.56
Total Current Assets	21.62	41.22	9.65	11.37	14.34	12.79
Net Property, Plant & Equipment	2.8	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	584.09	1,431	0.07	0.07	0.07	0.07
Total Assets	608.51	1,475	14.77	17.39	20.94	19.86
Accounts Payable	0.83	1.36	0.1	8.76	7.98	6.13
Accrued Expenses	2.63	0.62	0.57	1.36	1.15	0.53
Short-Term Debt	50.02	-	0.6	-	-	-
Current Portion of Leases	0.48	0.45	0.4	0.42	0.38	0.34
Unearned Revenue	0.61	0.29	0.4	0.3	0.44	0.19
Other Current Liabilities	-	-	7.29	-	0.03	0.03
Total Current Liabilities	54.58	2.72	9.37	10.84	9.98	7.21
Long-Term Debt	-	-	-	1.1	1.4	1.6
Long-Term Leases	2.48	2.09	2.43	2.83	3.25	3.56
Other Long-Term Liabilities	-	-	-	-	0.05	0.05
Total Long-Term Liabilities	2.48	2.09	2.43	3.93	4.69	5.2
Total Liabilities	57.06	4.82	11.8	14.77	14.67	12.41
Preferred Stock	-	-	2.2	-	-	-
Common Stock	0.87	0.86	0.01	0.01	0.1	0.1
Treasury Stock	-58.02	-	-	-	-	-
Additional Paid-in Capital	1,664	1,656	20.39	20.29	20.12	19.91
Retained Earnings	-1,055	-186.61	-19.64	-17.69	-13.95	-12.57
Shareholders' Equity	551.46	1,470	2.97	2.62	6.27	7.44
Total Liabilities & Equity	608.51	1,475	14.77	17.39	20.94	19.86
Total Debt	52.99	2.55	3.43	4.35	5.03	5.5
Net Cash (Debt)	-36.35	35.62	-0.66	-1.17	-2.45	-4.09
Net Cash Per Share	-0.66	5.25	-0.60	-1.06	-2.40	-3.92
Book Value	551.46	1,470	2.97	2.62	6.27	7.44
Book Value Per Share	10.07	216.48	2.69	2.38	6.14	7.13
Tangible Book Value	551.46	1,470	0.73	-0.04	3.4	4.37
Tangible Book Value Per Share	10.07	216.48	0.66	-0.03	3.33	4.18

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.