Forward Industries (NASDAQ: FWDI) stock: the official figures
Forward Industries (FORWARD INDUSTRIES, INC.) is listed on Nasdaq under the ticker FWDI and belongs to the financials sector. In fiscal 2025 it reported revenue of $18.2m and a net loss of $167.0m, according to the annual accounts it filed with the regulator. Its fiscal year ends on 30 September.
Identifiers for Forward Industries: SEC CIK 38264.
Fiscal 2025 figures
| Item | 2025 | 2024 | Change |
|---|---|---|---|
| Revenue | $18.2m | $20.0m | −9.0% |
| Operating profit | −$8.4m | −$2.2m | — |
| Net profit | −$167.0m | −$2.0m | — |
| Earnings per share | −$24.59 | −$1.77 | — |
| Operating margin | −46.1% | −10.8% | −35.4 pts |
| Net margin | −918.1% | −9.8% | −908.3 pts |
| Total assets | $1,475m | $14.8m | +9,887.2% |
| Equity | $1,470m | $3.0m | +49,448.6% |
| Cash | $38.2m | $2.8m | +1,274.3% |
| Operating cash flow | −$4.5m | $0.5m | −966.2% |
Margins are calculated from the filed figures: operating profit and net profit over revenue.
10 fiscal years
| Fiscal year | Revenue | Operating profit | Net profit | Earnings per share | Document |
|---|---|---|---|---|---|
| 2025 | $18.2m | −$8.4m | −$167.0m | −$24.59 | Annual report |
| 2024 | $20.0m | −$2.2m | −$2.0m | −$1.77 | Annual report |
| 2023 | $36.7m | $0.2m | −$3.7m | −$0.37 | Annual report |
| 2022 | $38.2m | $0.6m | −$1.4m | −$0.14 | Annual report |
| 2021 | $39.0m | −$0.8m | $0.5m | $0.05 | Annual report |
| 2020 | $34.5m | −$2.0m | −$1.8m | −$0.19 | Annual report |
| 2019 | $37.4m | −$3.1m | −$3.6m | −$0.38 | Annual report |
| 2018 | $34.5m | $0.3m | $1.4m | $0.15 | Annual report |
| 2017 | $24.8m | $0.6m | $0.6m | $0.07 | Annual report |
| 2016 | $27.5m | $0.6m | $0.6m | $0.07 | Annual report |
The full income statement, balance sheet and cash flow statement are in the annual accounts of Forward Industries. Purchases and sales by its executives and directors are in insider transactions.
Frequently asked questions about Forward Industries
- How much did Forward Industries earn in fiscal 2025?
- Forward Industries reported a net loss of $167.0m for fiscal 2025, on revenue of $18.2m. The year before it reported a net loss of $2.0m.
- What are the earnings per share of Forward Industries?
- They were −$24.59 in fiscal 2025, compared with −$1.77 the year before.
- Where is Forward Industries listed?
- Forward Industries is listed on Nasdaq under the ticker FWDI and belongs to the financials sector.
- Where do the figures for Forward Industries come from?
- From the annual report (Form 10-K) that Forward Industries files with the SEC, the US securities regulator. Each fiscal year links to its filing.
Where each figure comes from
The annual accounts come from the annual report (Form 10-K) that Forward Industries files with the SEC, the US securities regulator. Each fiscal year in the table links to its filing. Celsmar reads the tagged figures from the document and does not adjust them: if an item is not in the filing, it is not shown. More detail in data sources and, if you spot an error, in corrections. What Celsmar is and what it costs, in its fact sheet.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.