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Forward Industries, Inc. FWDI

Consumer Cyclical · Footwear & Accessories · United States
https://forwardindustries.com
Company Profile ↓
$6.86
-48.84% 1Y
Mkt Cap$506.59M
P/E-0.23
P/B1.20
52W High$39.00
52W Low$3.54
Book Value$6.42
EPS (TTM)$-30.27

Company Overview

Forward Industries, Inc. operates as a Solana (SOL) focused digital asset treasury company. The company operates through Digital Assets and Design segments. The Digital Assets segment captures SOL-based yield generated by participating in the Solana network's staking protocol. The Design segment offers hardware and software product design and engineering services to customers located in the United States. The company was incorporated in 1961 and is based in Austin, Texas.

Why Investors Should Care

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.25.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Sep 2025 Revenue of $18.19M (-9.0% YoY); net profit $-166.97M.
  • Trailing 12 Months Year-on-year growth — revenue +332.1%.
  • 5-Year Trend Long-term compounding — revenue CAGR -0.3%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-0.29%
1 Year:332.10%

Stock Price Performance

1 Year:-48.84%
6 Months:+36.65%
3 Months:+65.30%
1 Month:+58.43%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bullish
52-Week Range 9% of range
$3.54 $39.00
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMAAbove
  • RSI (14)68.11 · Neutral
Price Performance
1M+58.43%
3M+65.30%
6M+36.65%
1Y-48.84%

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Generates positive free cash flow.

CONS

  • Revenue declined at -0.3% CAGR over 5 years.
  • Trading 82.4% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
-0.23
Industry PE
18.98
Forward P/E
85.75
PEG Ratio
2.53
Book Value
$6.42
Price to Book
1.20
P/S
10.70
EV/EBITDA
55.36
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
-0.29%
Profit 5Y
-
Revenue (YoY)
332.10%
Earnings (YoY)
-

Profitability & Returns

ROCE
-0.57%
ROE
-
ROA
2.05%
Profit Margin
0.00%
Op Margin
-6.75%
Gross Margin
70.56%
EPS (Latest Qtr)
$-2.98
EPS (TTM)
$-30.27

Balance Sheet & Liquidity

Debt/Equity
0.25
Quick Ratio
0.12
Current Ratio
0.17
Debt
$118.51M
Total Assets
$608.51M
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
31.18%
Chg in Prom Hold
0.38%
FII / Inst Holding
44.10%
Chg in FII Hold
0.04%

Financial Snapshot

Enterprise Value
$506.59M
Total Revenue (TTM)
$53.12M
EBITDA
$10.17M
Free Cash Flow
$14.77M
Operating Cash Flow
$-18.38M
Shares Outstanding
73.85M
Gross Margin
70.56%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 FWDI Forward Industries, Inc. 6.86 -0.23 $506.59M 0.00% -0.57% - -0.29% -
2 AMZN Amazon.com, Inc. NDXSPXR3KAITECH 256.97 20.66 $2.77T 0.00% 13.33% 30.56% 24.04% 32.72%
3 TSLA Tesla, Inc. NDXSPXR3KAI 368.16 347.32 $1.45T 0.00% 4.10% 4.67% 52.40% 39.39%
4 HD The Home Depot, Inc. SPXR3K 313.70 21.97 $312.98B 3.08% 28.75% 104.30% 4.06% 6.35%
5 BABA Alibaba Group Holding Limited AITECH 112.66 25.43 $280.03B 0.93% 4.16% 6.36% 5.62% 12.49%
6 TM Toyota Motor Corporation 191.45 8.46 $226.71B 3.23% 5.24% 12.40% 10.91% 16.22%
7 MCD McDonald's Corporation SPXR3K 255.81 20.80 $181.02B 2.99% 22.47% - 0.92% 7.33%
8 TJX The TJX Companies, Inc. SPXR3K 128.92 23.87 $142.42B 1.52% 21.26% 62.17% 6.84% 8.48%
9 BKNG Booking Holdings Inc. NDXSPXR3K 180.30 20.03 $139.71B 0.87% 70.23% -96.88% 16.93% 22.07%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Dec 2013Mar 2014Jun 2014Dec 2014Mar 2015Jun 2015Dec 2015Mar 2016Jun 2016Dec 2016Mar 2017Jun 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Dec 2020Mar 2021Jun 2021Dec 2021Mar 2022Jun 2022Dec 2022Mar 2023Jun 2023Dec 2023Mar 2024Jun 2024Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026
Revenue ----------4.53M7.33M6.34M9.01M9.54M-10.18M8.17M9.91M-8.39M7.93M9.55M9.72M8.40M9.96M11.61M10.31M10.59M9.75M9.74M8.71M7.15M5.07M5.04M4.62M3.12M2.49M21.44M12.96M
Gross Profit 1.85M1.40M1.67M1.56M1.35M1.35M1.52M1.20M1.08M1.16M716.09K1.28M1.00M1.83M1.91M-1.30M1.31M1.89M-1.72M1.45M1.77M2.26M1.74M2.18M2.62M2.25M1.92M1.97M1.93M2.19M1.64M1.33M1.31M1.13M-178.76K-620.96K16.85M9.07M
Operating Income 371.98K-133.82K31.69K-1.59M-681.07K494.16K247.81K145.21K84.92K148.12K-237.09K549.07K51.07K232.06K-210.48K--480.53K-1.08M-49.87K--29.13K-1.67M-174.91K-167.49K-816.18K268.35K214.21K-322.74K-385.81K-127.92K-91.82K148.37K-380.32K-620.92K-459.21K-898.03K-1.82M-2.56M-583.64M-284.09M
Net Income 351.43K-301.01K19.91K-1.50M-687.70K495.11K244.08K144.30K77.96K151.49K-237.53K551.92K46.65K948.47K235.48K148.72K-530.53K-1.13M-104.06K-1.84M-81.66K-1.37M-215.20K1.20M-834.73K243.59K180.02K-356.33K-418.91K-430.27K-870.95K-536.74K-354.22K-553.21K-399.58K-708.07K-1.45M-850.02K-585.65M-283.08M
Diluted EPS --0.00-0.23-0.080.060.030.020.010.02-0.030.060.010.100.02--0.06-0.12-0.01--0.01-0.14-0.020.12-0.080.020.02-0.04-0.04-0.04-0.09-0.49-0.32-0.50-0.36-0.64-1.32-0.77-5.91-2.98

Profit & Loss (Annual)

Figures in USD.

Metric Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Revenue 19.00M22.76K29.40K30.91M33.36M30.01M27.48M24.76M34.50M37.41M34.48M39.02M38.21M36.69M19.99M18.19M
Gross Profit 4.23M5.08M3.89M6.38M6.55M5.79M5.08M4.19M6.57M6.58M6.64M8.13M8.80M8.36M5.18M5.19M
Operating Income -1.57M-2.14M-3.26M705.82K-98.68K-1.51M616.95K598.47K260.65K-3.10M-1.98M-765.00K588.47K159.66K-2.15M-8.39M
Net Income -1.68M-2.90M-9.63M-206.89K-799.91K-1.43M606.56K579.35K1.38M-3.60M-1.78M523.80K-1.38M-3.74M-1.95M-166.97M
Diluted EPS -0.21-0.36-1.19-0.09-0.12-0.230.070.070.15-0.38-0.190.05-0.14-3.39-1.77-24.59

Balance Sheet (Annual)

Figures in USD.

Metric Sep 2009Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Total Assets -24.53M22.26M17.11M15.03M16.57M12.78M12.40M13.15M---19.23M---16.09M19.36M19.86M20.94M17.39M14.77M1.47B
Total Equity 22.52M21.21M18.68M9.19M9.39M10.45M7.33M8.17M8.93M8.97M10.47M10.94M11.10M10.58M9.59M9.52M7.71M6.58M7.44M6.27M2.62M2.97M1.47B
Cash & Equivalents 20.10M18.47M14.91M4.61M6.62M6.48M4.04M4.76M---------------
Long Term Debt --------0---54.34K---0529.97K-----
Total Liabilities -3.32M3.58M7.92M4.92M6.55M5.45M4.22M4.22M---8.13M---8.38M12.77M12.41M14.67M14.77M11.80M4.82M
Current Liabilities ---7.92M4.76M6.43M5.33M4.17M4.19M---7.62M---8.30M8.83M7.21M9.98M10.84M9.37M2.72M

Cash Flows (Annual)

Figures in USD.

Metric Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Operating Cash Flow --1.79M-10.79M2.25M--768.28K-137.64K956.49K-1.97M-262.95K-528.31K1.53M1.04M519.77K-4.50M
Investing Cash Flow --1.77M483.18K-1.43M---48.12K0-1.39M-33.14K-390.06K-67.21K-169.63K-136.08K-65.15K-901.47M
Financing Cash Flow --01.19M---1.67K0175.85K725.81K484.82K-918.74K-200.00K-300.00K-500.00K941.36M
Capital Expenditure -8.57K-276.63K72.47K-74.19K-33.48K-33.19K-48.12K-0-55.88K-33.14K-68.46K-67.21K-169.63K-136.08K-65.15K-25.77K
Free Cash Flow --2.07M-10.71M2.18M--720.16K-137.64K900.60K-2.00M-331.40K-595.52K1.37M904.95K454.62K-4.53M
Dividends Paid ---14.53K76.50K21.21K0---------

Ratios (Annual)

Figures in %.

Metric Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Gross Margin % 22.3%22,321.2%13,230.5%20.6%19.6%19.3%18.5%16.9%19.0%17.6%19.3%20.8%23.0%22.8%25.9%28.5%
Operating Margin % -8.3%-9,401.0%-11,100.2%2.3%-0.3%-5.0%2.2%2.4%0.8%-8.3%-5.7%-2.0%1.5%0.4%-10.8%-46.1%
Net Margin % -8.9%-12,742.3%-32,765.6%-0.7%-2.4%-4.8%2.2%2.3%4.0%-9.6%-5.1%1.3%-3.6%-10.2%-9.8%-918.1%
ROE % -7.9%-15.5%-104.9%-2.2%-7.7%-19.6%7.4%6.5%12.4%-46.7%-27.0%7.0%-22.0%-142.8%-65.7%-11.4%
ROCE % ---35.5%6.9%-1.0%-20.3%7.5%6.7%2.2%-39.7%-18.8%-6.0%5.4%2.4%-39.9%-0.6%

Shareholding Pattern

Insiders
31.18%
Institutions
44.10%
Public Float
64.08%

Top Institutional Holders

#Holder% HeldSharesValue
1 Galaxy Digital Inc. 10.98% 8.11M $62.43M
2 J Digital 6 LLC 10.76% 7.95M $61.20M
3 Blackrock Inc. 5.03% 3.71M $28.57M
4 Alyeska Investment Group, L.p. 4.40% 3.25M $25.03M
5 Vanguard Capital Management LLC 3.63% 2.68M $20.66M
6 Geode Capital Management, LLC 2.63% 1.94M $14.97M
7 Ghisallo Capital Management, LLC 1.36% 1.01M $7.75M
8 Long Corridor Asset Management Ltd 1.35% 994.16K $7.66M
9 State Street Corporation 1.34% 988.93K $7.61M
10 Weiss Asset Management Lp 1.22% 904.58K $6.97M

Analyst View

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Latest News

Recent headlines for FWDI

Google News hu, 03 Sep 2026

Forward Industries (NASDAQ:FWDI) Stock Price Expected to Rise, B. Riley Financial Analyst Says - marketbeat.com

<a href="https://news.google.com/rss/articles/CBMi5wFBVV95cUxQU0ZLeG1YQk43a2plWkVTRFRkeEhWZ2pxb3V3QWFtYzhjemM5V05LemlhLTk1MnlTS3ZRYjZrSDdUcEVHdW5WQk5FWlpQd1hUVF90Um90YWxNMktYOXdxUzVkQ1FKeHpCbXVmRVpKRjRtOENON28xZ00ydlYtVDZ3YXZnNEw3UGs2TGVnNk…

Google News Mon, 07 Sep 2026

Liquidity Mapping Around (FWDI) Price Events - Stock Traders Daily

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Google News Fri, 14 Aug 2026

Forward Industries (FWDI) Stock Caught Between Solana Growth And Deep Losses - simplywall.st

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Google News Wed, 12 Aug 2026

FORWARD INDUSTRIES ($FWDI) Releases Q3 2026 Earnings, Stock Rises - Quiver Quantitative

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Google News Wed, 01 Jul 2026

Forward Industries grows Solana treasury to 7.55M SOL - Stock Titan

<a href="https://news.google.com/rss/articles/CBMiuAFBVV95cUxPSXo3ODhXcGxMS1ZyT29uRUFSYWhIZVhVWW1vVFRJZTVqWGNZRno3VVB4c3ZCSzhTNkI1UEt1RE1VNkk3NG1tT3RudGVWRHdYUmRwRHBwUXlUV3pxYTBUZnRrSDljUkgySFZCcEhYMWpCdDJ1YlYxOTV3NTVSTVpUNEVXUTU0MGRodGxlMn…

Google News Wed, 19 Nov 2025

symbol__ Stock Quote Price and Forecast - CNN

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FWDI — Frequently Asked Questions

What is the current share price of Forward Industries, Inc. (FWDI)?

As of 2026-09-19 21:16 PDT, Forward Industries, Inc. (FWDI) trades at $6.86 on NasdaqCM. Its 52-week range is $3.54 to $39.00.

What is the market capitalisation of FWDI?

Forward Industries, Inc. (FWDI) has a market capitalisation of $506.59M on NasdaqCM.

What is the P/E ratio of FWDI?

FWDI trades at a trailing price-to-earnings (P/E) ratio of -0.23. The industry average P/E is 18.98. Its price-to-book (P/B) ratio is 1.20.

Is FWDI a good stock to buy?

This page provides a data-driven analysis of Forward Industries, Inc. (FWDI), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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