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 Cash Flow Statement
Financials in millions USD. Fiscal year is October - September.
Millions USD. Fiscal year is Oct - Sep.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | -1,102 | -166.97 | -1.95 | -3.74 | -1.38 | 0.52 |
Depreciation & Amortization | 0.15 | 0.33 | 0.33 | 0.32 | 0.31 | 0.33 |
Loss (Gain) From Sale of Assets | -1.41 | -1.41 | - | - | - | - |
Asset Writedown & Restructuring Costs | 1.8 | 2.03 | 0.2 | - | - | - |
Loss (Gain) From Sale of Investments | -0.02 | - | - | - | - | - |
Stock-Based Compensation | 6.73 | 2.87 | 0.1 | 0.09 | 0.2 | 0.07 |
Provision & Write-off of Bad Debts | 0.08 | 0.11 | 0.02 | 0.08 | 0.26 | 0.51 |
Other Operating Activities | 1,076 | 156.28 | - | -0.07 | - | -1.38 |
Change in Accounts Receivable | -0.5 | 0.83 | 1.22 | 0.5 | 0.95 | -1.66 |
Change in Inventory | - | - | - | 0.32 | 0.11 | -0.79 |
Change in Accounts Payable | -0.4 | 0.23 | -0.39 | 0.25 | 1.86 | 2.31 |
Change in Unearned Revenue | 0.19 | -0.11 | 0.1 | -0.14 | 0.25 | -0.3 |
Change in Other Net Operating Assets | 0.57 | 0.91 | -0.79 | 0.8 | 0.82 | -0.14 |
Operating Cash Flow | -18.38 | -4.5 | 0.52 | 1.04 | 1.53 | -0.53 |
Operating Cash Flow Growth | - | - | -50.07% | -32.17% | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -0 | -0.03 | -0.07 | -0.14 | -0.17 | -0.07 |
Divestitures | -0.65 | -0.65 | - | - | - | - |
Investment in Securities | -4.2 | - | - | - | - | - |
Other Investing Activities | -950.1 | -900.79 | - | - | - | - |
Investing Cash Flow | -954.96 | -901.47 | -0.07 | -0.14 | -0.17 | -0.07 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 2.36 | - | - | - | 0.15 |
Total Debt Issued | 114.86 | 2.36 | - | - | - | 0.15 |
Short-Term Debt Repaid | - | - | - | - | - | -1.15 |
Long-Term Debt Repaid | - | -0.6 | -0.5 | -0.3 | -0.2 | -0.19 |
Total Debt Repaid | -8.1 | -0.6 | -0.5 | -0.3 | -0.2 | -1.34 |
Net Debt Issued (Repaid) | 106.76 | 1.76 | -0.5 | -0.3 | -0.2 | -1.19 |
Issuance of Common Stock | 11.95 | 4.02 | - | - | - | 0.27 |
Repurchase of Common Stock | -69.86 | - | - | - | - | - |
Other Financing Activities | 934.19 | 934.6 | - | - | - | - |
Financing Cash Flow | 983.04 | 941.36 | -0.5 | -0.3 | -0.2 | -0.92 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Cash Flow | 9.7 | 35.39 | -0.05 | 0.6 | 1.17 | -1.51 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | -18.38 | -4.53 | 0.45 | 0.9 | 1.37 | -0.6 |
Free Cash Flow Growth | - | - | -49.76% | -33.71% | - | - |
Free Cash Flow Margin | -34.61% | -24.89% | 2.27% | 2.47% | 3.57% | -1.53% |
Free Cash Flow Per Share | -0.24 | -0.67 | 0.41 | 0.82 | 1.34 | -0.57 |
Levered Free Cash Flow | 14.77 | -3.11 | -1.63 | 4.69 | 2.99 | -0.44 |
Unlevered Free Cash Flow | 15.14 | -3.08 | -1.59 | 4.76 | 3.06 | -0.33 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 0.39 | 0.05 | 0.06 | 0.1 | 0.12 | 0.15 |
Cash Income Tax Paid | 0.15 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 |
Change in Working Capital | -0.13 | 1.86 | 0.15 | 1.72 | 3.98 | -0.58 |