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

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

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Columns are period end dates

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