FY2025 · ended Sep 30, 2025 · Revenue $18.19M, -9.0% YoY · Filed Dec 11, 2025
Forward Industries, Inc. (FWDI) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Sep 30, 2025, it reported revenue of $18.2 million and a net loss of $167.0 million. Free cash flow was -$4.5 million. As of Jun 30, 2026 it held $13.3 million in cash and investments and $987,000 in total debt.
Revenue (TTM)
$53.12M
+254.5% vs year-ago TTM
Net income (TTM)
$-1.10B
-30055.4% vs year-ago TTM
Operating cash flow (TTM)
$-18.38M
-961.2% vs year-ago TTM
Free cash flow (TTM)
$-18.38M
-936.9% vs year-ago TTM
EPS (TTM)
$-14.52
-338.7% vs year-ago TTM
Dividend per share
None
Shares outstanding
86.46M
+7752.3% vs prior year
Net cash
$12.28M
as of Jun 30, 2026
Operating margin
-1771.6%
FY 2026
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- FWDI (Nasdaq)
- Fiscal year ends
- September 30
- Incorporated in
- TX
- Headquarters
- Austin, TX
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 38264
- Former names
- FORWARD INDUSTRIES INC (until Jan 23, 2018)
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Sep 30, 2025 |
FY 2024 Sep 30, 2024 |
FY 2023 Sep 30, 2023 |
FY 2022 Sep 30, 2022 |
FY 2021 Sep 30, 2021 |
|---|---|---|---|---|---|
| Revenue | $18.2M | $20.0M | $36.7M | $38.2M | $39.0M |
| Operating income | -$8.4M | -$2.2M | $159,658 | $588,470 | -$764,999 |
| Net income | -$167.0M | -$2.0M | -$3.7M | -$1.4M | $523,805 |
| Diluted EPS | -$24.59 | -$1.77 | -$3.39 | -$0.14 | $0.05 |
| Operating cash flow | -$4.5M | $519,770 | $1.0M | $1.5M | -$528,311 |
| Free cash flow | -$4.5M | $454,616 | $904,946 | $1.4M | -$595,518 |
| Total assets | $1.5B | $14.8M | $17.4M | $20.9M | $19.9M |
| Total liabilities | $4.8M | $11.8M | $14.8M | $14.7M | $12.4M |
| Stockholders' equity | $1.5B | $3.0M | $2.6M | $6.3M | $7.4M |
| Cash and investments | $38.2M | $2.8M | $3.2M | $2.6M | $1.4M |
| Total debt | $2.5M | $2.8M | $3.2M | $3.6M | $3.9M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure
|
Oct 1, 2026 | Oct 1, 2026 |
| 8-K |
Current report
Material agreement, Regulation FD disclosure, Other events
|
Sep 24, 2026 | Sep 22, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Sep 15, 2026 | Sep 15, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Aug 12, 2026 | Aug 12, 2026 |
| 10-Q | Quarterly report | Aug 12, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Officer or director change
|
Jul 20, 2026 | Jul 14, 2026 |
All 1000 Forward Industries, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.