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
ROE Full definition →	(466.18%)	(375.76%)	(170.71%)	(22.70%)	+8 more TTM periods Free account
Piotroski F-Score Full definition →	3	3	4	4
ROA Full definition →	(360.71%)	(332.95%)	(165.91%)	(22.42%)
ROIC Full definition →	(127.61%)	(102.07%)	(43.19%)	(0.37%)
Return on Tangible Assets Full definition →	1,043.26%	3,143.60%	(1,419.75%)	(432.32%)
Average Days of Receivables Full definition →	13.17	19.66	31.23	32.82
Free Cash Flow per Share Full definition →	(11.16)	(0.17)	(0.12)	(0.67)
Free Cash Flow Full definition →	(967.50)	(16.28)	(12.00)	(4.53)
Capital Expenditures Full definition →	(949.12)	(0.02)	—	(0.03)
Other line items
Cash ROIC Full definition →	(198.46%)	(2.87%)	(1.32%)	(0.30%)
Accounts Receivable Turnover Full definition →	34.16	21.39	8.91	9.22
Accounts Payable Turnover Full definition →	29.90	30.46	12.84	17.80
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	19.54	20.55	51.78	38.10
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00
Tax Rate Full definition →	0.00	0.00	0.00	0.00
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 →	49.96%	46.95%	45.89%	58.47%
Share Based Compensation of Revenue Full definition →	12.67%	8.12%	8.20%	15.79%
Interest Coverage Full definition →	(1,564.86)	(9,069.59)	—	(170.93)
Operating CF/Net income Full definition →	0.02	0.02	0.02	0.03
Depreciation/Fixed assets Full definition →	33.68	25.58	21.03	18.97
Capex/Depreciation Full definition →	(485.80)	(0.01)	0.00	(0.01)
Revenue per Share Full definition →	0.61	0.47	0.35	2.68
Operating CF per Share Full definition →	(0.21)	(0.17)	(0.12)	(0.66)
Capex per Share Full definition →	(10.95)	0.00	0.00	0.00
Capex to Sales Full definition →	17.87	0.00	0.00	0.00

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Columns are period end dates

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