Saturday 17 October 2026 Export FWDI’s income statement to Excel — free account

Forward Industries, Inc.

FWDI Consumer Cyclical Footwear & Accessories

Forward Industries, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $18.2 million, down 9.02% from fiscal 2024. In the quarter to June 2026, revenue grew 332.1%, EPS fell 3.90% and free cash flow fell 4,212.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

6.91 0.24 −3.36%

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Market cap: $545.5M
P/E: 0.0×
Fwd P/E: −40.7×
Dividend yield: —
F-score: 4/9
Altman Z: 21.47
Beneish M: −2.37
Dividend safety: n/a

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	0.00	0.00	0.00	0.00
P/S ratio Full definition →		9.55	18.72	9.38	6.89
P/FCF ratio Full definition →		0.00	0.00	0.00	0.00
P/Operating CF Full definition →		(75.41)	(82.61)	(87.63)	(109.18)
P/B ratio Full definition →		0.12	0.74	0.76	0.77
Price to Tangible BV Full definition →		4.38	12.11	9.52	2.67
EV/Sales Full definition →		7.56	18.05	9.05	6.68
EV/EBITDA Full definition →		0.00	0.00	0.00	0.00
EV/Operating CF Full definition →		(30.56)	(52.66)	(24.97)	(19.29)
EV/FCF Full definition →		(30.39)	(52.55)	(24.93)	(0.37)
Quick Ratio Full definition →		14.61	2.81	0.35	0.12
Current Ratio Full definition →		15.14	6.24	0.40	0.17
Net Debt/EBITDA Full definition →		31.06	0.04	0.06	0.19
Debt/Assets Full definition →		0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →		0.00	0.00	0.00	0.00
Asset Turnover Full definition →		0.02	0.08	0.14	0.17
Operating CF/Net income Full definition →		0.01	0.01	0.02	0.05
Capex/Depreciation Full definition →		(478.13)	(42.05)	135.81	(2,422.76)
Interest Coverage Full definition →		(235.83)	—	(4,798.81)	(135.93)
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		66.03%	33.74%	51.16%	68.94%
Intangible Assets out of Total Assets Full definition →		0.97	0.93	0.83	0.56
Share Based Compensation of Revenue Full definition →		35.06%	0.08%	6.16%	29.03%
Graham Net Nets Full definition →		0.21	0.08	(0.08)	(0.29)
Graham Number Full definition →		0.00	0.00	0.00	0.00
Earnings Yield Full definition →		(96.18%)	(451.77%)	(711.56%)	(747.68%)
Free Cash Flow Yield Full definition →		(2.61%)	(1.84%)	(3.87%)	(264.45%)
Revenue per Share Full definition →		1.17	0.22	0.14	0.12
Operating CF per Share Full definition →		(0.34)	(0.08)	(0.05)	(0.04)
Capex per Share Full definition →		(132.64)	(0.01)	0.03	(0.58)
Free Cash Flow per Share Full definition →		(132.98)	(0.09)	(0.02)	(0.62)
Cash per Share Full definition →		5.62	0.26	0.18	0.15
Shareholders Equity per Share Full definition →		216.48	8.89	5.81	5.47
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		216.48	8.89	5.81	5.47
Free Cash Flow Full definition →		(903.09)	(9.01)	(1.63)	(53.74)
Working Capital Full definition →		38.50	52.86	(32.96)	(105.65)
Capital Expenditures Full definition →		(900.79)	(1.08)	3.16	(50.39)
Net Current Asset Value Full definition →		36.40	50.86	(35.44)	(106.20)
EV/EBIT Full definition →		0.00	0.00	0.00	0.00
Capex to Sales Full definition →		113.37	0.05	(0.24)	4.67
Price to Operating Income Full definition →		0.00	0.00	0.00	0.00
Other line items
Average Receivables Full definition →		1.97	3.93	2.10	1.56
Average Payables Full definition →		0.73	1.10	0.48	0.52
Average Assets Full definition →		744.86	453.22	310.43	305.41
Average Common Equity Full definition →		735.45	440.47	275.06	236.31

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Columns are period end dates

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