FWDINasdaqFinance ServicesFiscal year ends September 30
Forward Industries, Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 12, 2026
$6.81−0.10 (-1.45%)
Close on Oct 19, 2026
- Market cap
- $590.39M
- P/E (TTM)
- –
- Dividend yield
- –
Forward Industries statistics
Financials through Jun 30, 2026, price-based ratios appear once a share price is available, median of Finance Services companies for comparison
Income (trailing twelve months)
| Measure | Forward Industries | Industry median |
|---|---|---|
| Revenue | $53.12M | $61.19M |
| Gross Profit | $37.48M | $1.92M |
| Operating Income | -$941.11M | -$13.74M |
| Pretax Income | -$1.10B | -$4.40M |
| Net Income | -$1.10B | -$5.10M |
| EBITDA | -$940.95M | -$9.50M |
Margins
| Measure | Forward Industries | Industry median |
|---|---|---|
| Gross Margin | 70.6% | 43.9% |
| Operating Margin | -1771.6% | -125.1% |
| Pretax Margin | -2073.7% | -25.1% |
| Profit Margin | -2073.8% | -21.0% |
| EBITDA Margin | -1771.3% | -67.0% |
| FCF Margin | -34.6% | -22.8% |
Returns
| Measure | Forward Industries | Industry median |
|---|---|---|
| Return on Equity (ROE) | -461.4% | -22.3% |
| Return on Assets (ROA) | -360.7% | -11.7% |
| Return on Invested Capital (ROIC) | -319.5% | -33.1% |
| Return on Capital Employed (ROCE) | -198.2% | -23.7% |
Growth
| Measure | Forward Industries | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 254.5% | 19.7% |
| Revenue Growth (3Y CAGR) | -21.9% | 5.53% |
| Revenue Growth (5Y CAGR) | -12.0% | 10.1% |
Balance sheet
| Measure | Forward Industries | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $10.97M | $19.74M |
| Net Cash (Debt) | $10.97M | $7.29M |
| Net Cash Per Share | $0.15 | $0.22 |
| Equity (Book Value) | $474.21M | $165.65M |
| Book Value Per Share | $6.42 | $3.80 |
| Tangible Book Value | $474.21M | $127.24M |
| Working Capital | -$105.66M | $8.81M |
Financial position
| Measure | Forward Industries | Industry median |
|---|---|---|
| Current Ratio | 0.17 | 1.44 |
| Quick Ratio | 0.10 | 0.53 |
| Interest Coverage | -1596.84 | -8.59 |
Cash flow (trailing twelve months)
| Measure | Forward Industries | Industry median |
|---|---|---|
| Operating Cash Flow | -$18.38M | -$5.46M |
| Capital Expenditures | -$3.36K | -$4.61M |
| Free Cash Flow | -$18.38M | -$13.78M |
| FCF Per Share | -$0.25 | -$0.25 |
Efficiency
| Measure | Forward Industries | Industry median |
|---|---|---|
| Asset Turnover | 0.17 | 0.16 |
| Revenue Per Employee | $885.36K | $705.30K |
| Profits Per Employee | -$18.36M | -$248.19K |
| Employee Count | 60 | 48 |
Shares
| Measure | Forward Industries | Industry median |
|---|---|---|
| Shares Outstanding | 73,846,900 | 56,031,200 |
| Shares Change (QoQ) | -3.23% | 0.24% |
| Float | 37,469,700 | 43,790,000 |
| Shares Held by Insiders | 49.3% | 17.3% |
| Shares Held by Institutions | 41.2% | 34.2% |
Taxes
| Measure | Forward Industries | Industry median |
|---|---|---|
| Income Tax | $100.74K | $91.74K |
Scores
| Measure | Forward Industries | Industry median |
|---|---|---|
| Piotroski F-Score | 5 | 4 |
| Beneish M-Score | -2.35 | -2.99 |
Calculated by StockData from Forward Industries's SEC filings. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.