Security
Forward Industries, Inc. Common Stock · FWDI
FWDINASDAQCommon stockCurrentCIK 38264Updated Oct 6, 2026
Name history
FORWARD INDUSTRIES INC · through Jan 23, 2018
FWDI price & chart
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NASDAQ:FWDI on TradingView ↗About the company
Forward is an engineering design company serving top-tier customers worldwide. The Company provides hardware and software product design and engineering services to customers predominantly located in the U.S.
In the news
Forward Industries Schedules Fiscal Third Quarter 2026 Conference Call for August 12, 2026 at 5:00 p.m. ET ↗
Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
Entry into a Material Definitive Agreement · Regulation FD Disclosure · Other Events
Items 1.01, 7.01, 8.01, 9.01
424B5 filing
Regulation FD Disclosure
Items 7.01, 9.01
SCHEDULE 13G - filed by Alyeska Investment Group, L.P. regarding Forward Industries, Inc.
Show 5 more recent filings
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
10-Q filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Other Events
Items 8.01, 9.01
Other Events
Items 8.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,474,942,489Source | 14,768,356Source | 17,386,142Source | 20,939,015Source |
| Property, Plant and Equipment, NetUSD | 124,331Source | 219,297Source | 274,046Source | 241,146Source |
| GoodwillUSD | 0Source | 1,558,682Source | 1,758,682Source | 1,758,682Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 0Source | 680,386Source | 893,143Source | 1,105,901Source |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,635,171Source | 5,609,032Source | 6,968,778Source | 7,542,666Source |
| Inventory, NetUSD | — | 489,996Source | 334,384Source | 3,801,030Source |
| Assets, CurrentUSD | 41,221,956Source | 9,644,191Source | 11,370,219Source | 14,336,823Source |
| Prepaid Expense and Other Assets, CurrentUSD | 355,548Source | 426,240Source | 378,512Source | 417,605Source |
| Operating Lease, Right-of-Use AssetUSD | 2,303,776Source | 2,593,112Source | 3,021,315Source | 3,427,726Source |
| Other Assets, NoncurrentUSD | 806,137Source | 72,688Source | 68,737Source | 68,737Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 4,817,622Source | 11,801,322Source | 14,769,881Source | 14,672,588Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | 2,200,000Source | — | — |
| Retained Earnings (Accumulated Deficit)USD | -186,611,480Source | -19,637,140Source | -17,686,553Source | -13,949,896Source |
| Stockholders' Equity Attributable to ParentUSD | 1,470,124,867Source | 2,967,034Source | 2,616,261Source | 6,266,427Source |
| Additional Paid in Capital, Common StockUSD | 1,655,874,892Source | 20,393,163Source | 20,202,202Source | 20,115,711Source |
| Liabilities and EquityUSD | 1,474,942,489Source | 14,768,356Source | 17,386,142Source | 20,939,015Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,723,543Source | 9,371,596Source | 10,836,099Source | 9,977,764Source |
| Operating Lease, Liability, CurrentUSD | 450,949Source | 404,056Source | 416,042Source | 377,940Source |
| Accounts Payable, CurrentUSD | 433,044Source | 129,060Source | 518,892Source | 268,160Source |
| Operating Lease, Liability, NoncurrentUSD | 2,094,079Source | 2,429,726Source | 2,833,782Source | 3,249,824Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | 4,460,000Source | 6,949,000Source | 7,861,000Source |
| Accrued Liabilities, CurrentUSD | 624,000Source | — | — | — |
| Deferred Revenue, CurrentUSD | 292,525Source | 399,439Source | 297,407Source | 438,878Source |
| Deferred Tax Liabilities, NetUSD | 720,000Source | 758,000Source | 979,000Source | 286,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -1,378,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 332,225Source | 332,660Source | 315,940Source | 309,239Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,871,756Source | 101,360Source | 86,491Source | 201,235Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -624,359Source | -1,340,241Source | -495,102Source | -953,137Source |
| Increase (Decrease) in InventoriesUSD | — | 155,612Source | -316,469Source | 1,738,473Source |
| Increase (Decrease) in Accounts PayableUSD | — | -389,832Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | -41,316,000Source | -205,000Source | -151,000Source | -237,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -4,502,087Source | 407,122Source | 1,041,028Source | 1,534,788Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -901,466,617Source | -65,154Source | -136,082Source | -169,631Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 25,774Source | 65,154Source | 136,082Source | 169,631Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 941,358,552Source | -500,000Source | -300,000Source | -200,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 38,166,973Source | 3,022,436Source | 3,180,468Source | 2,575,522Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 48,921Source | 62,662Source | 104,201Source | 123,411Source |
| Income Taxes Paid, NetUSD | 32,071Source | 7,069Source | 10,271Source | 10,856Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 213,000Source | 213,000Source | — | 213,000Source |
| DepreciationUSD | 119,000Source | 120,000Source | 103,000Source | 96,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | -658,332Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | — | 13,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -5,000Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 9,604,490Source | 6,516,246Source | 6,541,036Source | 6,753,280Source |
| GoodwillUSD | 0Source | 1,558,682Source | 1,758,682Source | 1,758,682Source |
| Goodwill and Intangible Asset ImpairmentUSD | 2,026,311Source | 200,000Source | 0Source | 0Source |
| Goodwill, Impairment LossUSD | — | 200,000Source | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | 0Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -169,088,979Source | -1,947,547Source | 158,658Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 2,114,639Source | -3,040Source | -3,895,315Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | -3,000Source | -3,895,315Source | — |
| Income Tax Expense (Benefit)USD | 20,404Source | 22,947Source | 20,006Source | 2,554Source |
| Net Income (Loss) Attributable to ParentUSD | -166,974,340Source | -1,950,587Source | -3,736,657Source | -1,378,251Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -167,003,784Source | — | — | — |
| Operating Lease, ExpenseUSD | 617,000Source | 619,000Source | 621,000Source | 631,000Source |
| Other Nonoperating Income (Expense)USD | -4,244Source | -8,316Source | 30,019Source | — |
| Proceeds from Issuance of Common StockUSD | 2,237,565Source | — | — | — |
| Proceeds from Stock Options ExercisedUSD | 60,739Source | — | — | 0Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 29,613,438Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 18,187,525Source | 30,195,283Source | 36,688,307Source | 42,337,385Source |
| Cost of RevenueUSD | — | 14,807,116Source | — | — |
| Operating Income (Loss)USD | -8,392,420Source | -1,932,485Source | 159,658Source | -1,239,674Source |
| Other Nonoperating Income (Expense)USD | -4,244Source | -8,316Source | 30,019Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -169,068,575Source | -1,924,600Source | 178,664Source | -1,375,697Source |
| Income Tax Expense (Benefit)USD | 20,404Source | 22,947Source | 20,006Source | 2,554Source |
| Net Income (Loss) Attributable to ParentUSD | -166,974,340Source | -1,950,587Source | -3,736,657Source | -1,378,251Source |
| Earnings Per Share, BasicUSD per share | -24.59Source | -1.77Source | -0.37Source | -0.14Source |
| Earnings Per Share, DilutedUSD per share | -24.59Source | -1.77Source | -0.37Source | -0.14Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 6,791,173Source | 1,101,069Source | 10,061,185Source | 10,061,185Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 6,791,173Source | 1,101,069Source | 10,061,185Source | 10,061,185Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 213,000Source | 213,000Source | — | 213,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | — | 13,000Source |
| General and Administrative ExpenseUSD | 9,604,490Source | 6,516,246Source | 6,541,036Source | 6,753,280Source |
| Goodwill, Impairment LossUSD | — | 200,000Source | — | — |
| Gross ProfitUSD | 5,191,244Source | 6,208,590Source | 8,364,485Source | 8,368,270Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -169,088,979Source | -1,947,547Source | 158,658Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -24.9Source | -1.77Source | 0.02Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -24.9Source | -1.77Source | 0.02Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 2,114,639Source | -3,040Source | -3,895,315Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | -3,000Source | -3,895,315Source | — |
| Interest and Other IncomeUSD | 70,669Source | 78,863Source | 23,188Source | 0Source |
| Interest ExpenseUSD | 49,143Source | 62,662Source | 104,201Source | 123,411Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -167,003,784Source | — | — | — |
| Operating Lease, ExpenseUSD | 617,000Source | 619,000Source | 621,000Source | 631,000Source |
| Other General and Administrative ExpenseUSD | — | 604,000Source | 618,000Source | — |
| Other General ExpenseUSD | 923,513Source | — | — | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | 29,444Source | — | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 29,613,438Source | — | — |
| Selling and Marketing ExpenseUSD | 1,029,350Source | 1,424,829Source | 1,663,791Source | 2,854,664Source |
| Selling ExpenseUSD | — | 15,000Source | 3,000Source | — |
Offerings
Registration 333-287906
Filing attachments
forward_ex107.htm · S-8 · 2026-05-01
Ex-Filing Fees CALCULATION OF FILING FEE TABLES S-8 Forward Industries, Inc. Table 1: Newly Registered Securities Security Type Security Class Title Notes Fee Calculation Amount Registered Proposed Maximum Offering Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee …
Read attachment ↗tm2611420d1_ex99-1.htm · SCHEDULE 13D/A · 2026-04-08
Exhibit 99.1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing, along with all other such undersigned, on behalf of the Reporting Persons (as defined in the joint filing), of a statement on Schedule 13D (including amendments thereto) with respect to the common stock, par value $0.01 per share, of Forward Industries, Inc., and that this agreement be included as an Exhibit 99…
Read attachment ↗tm268626d1_ex99-1.htm · 3 · 2026-03-13
Exhibit 99.1 JOINT FILER INFORMATION Name: J Digital 6 Cayman Ltd. Address: P.O. Box 309 Ugland House Designated Filer: J Digital 6 Cayman Ltd. Issuer and Ticker Symbol: Forward Industries, Inc. [FWDI] Date of Event Requiring Statement: 03/03/2026 J Digital 6 Cayman Ltd. By: /s/ Samarth Haribhakti …
Read attachment ↗forward_ex107.htm · 424B5 · 2025-11-14
Ex-Filing Fees CALCULATION OF FILING FEE TABLES S-3 Forward Industries, Inc. Table 1: Newly Registered and Carry Forward Securities Line Item Type Security Type Security Class Title Notes Fee Calculation Amount Registered Proposed Maximum Offering Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee …
Read attachment ↗forward_ex107.htm · S-1 · 2025-06-10
EX-FILING FEES 9 forward_ex107.htm FILING FEE TABLE Exhibit 107 Calculation of Filing Fee Tables Form S-1 (Form Type) Forward Industries, Inc. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Security Fee Amount Proposed Maximum Fee Amount Class Title …
Read attachment ↗