FWDI — Forward Industries, Inc.

Nasdaq · Financials · Consumer Finance · CIK 38264 ·
Last close
$4.63
Market Cap
$345.77M
52W High
$5.29
52W Low
$3.62
ADV30
1,104,353
Next earnings
2026-08-13
Forward Industries, Inc. operates as a Solana (SOL) focused digital asset treasury company. The company operates through Digital Assets and Design segments. The Digital Assets segment captures SOL-based yield generated by participating in the Solana network's staking protocol. The Design segment offers hardware and software product design and engineering services to customers located in the United States. The company was incorporated in 1961 and is based in Austin, Texas.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026 12,961,114 9,071,812 2,440,501 -283,082,136 608,512,726 16,633,010 57,056,141
Dec 2025 21,435,250 16,849,613 9,616,978 -585,651,086 892,946,117 25,388,079 12,084,535
Sep 2025 7,945,374 4,857,943 -1,311,538 -163,964,642 1,474,942,489 38,166,973 4,817,622
Jun 2025 2,494,769 -620,958 -2,559,781 -850,022 8,294,323 1,263,162 4,943,358

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$-16,746,412
Investing CF
$-899,372,041
Financing CF
$930,464,691
CapEx
$-40,857
Dividends Paid
Buybacks
$-58,022,336
EPS Diluted TTM
$-10.98
As of
2026-06-07

Balance + Analyst (yfinance extras)

Retained Earnings
$-1,055,344,702
Inventory
$752,973
Receivables
$2,957,734
ST Investments
EBIT TTM
$-440,604,583
Pretax Income TTM
$-1,033,269,378
Interest Exp TTM
$96,355
Analysts
2

Yahoo Snapshot (yfinance, live)

Total Revenue
$44,836,508
EBITDA
$8,400,799
Free Cash Flow
$8,461,505
Enterprise Value
$397,055,232
Total Cash
$16,633,010
Total Debt
$52,985,288
Shares Out
74,679,699
Trailing EPS
$-31.38
Book Value
$7.23
ROE
-373.0%
ROA
1.6%
Div Yield

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Sep 2025 18,187,525 -6,366,109 -166,974,340 1,474,942,489 4,817,622 -4,502,087
Sep 2024 19,990,833 -1,951,118 -1,950,587 14,768,356 11,801,322 519,770
Sep 2023 36,688,307 159,658 -3,736,657 17,386,142 14,769,881 1,041,028
Sep 2022 38,206,958 588,470 -1,378,251 20,939,015 14,672,588 1,534,788

TTM Snapshot

Revenues TTM
NetIncome TTM
OpCashFlow TTM
Assets (Latest)
Forward EPS
$-0.00

Max Pain — expiry 2026-11-20 (volume-derived — Yahoo OI feed degraded)

max pain strike: $7.50 · spot: $4.63 · call volume: 17 · put volume: 371
Expected Move to 2026-11-20: ±$2.82 (60.91%) — implied range $1.81$7.45 · ATM straddle on $5.00 strike

Peers — same industry

TickerNameMarket CapLastDaily %
RM Regional Management Corp. $339.78M $36.90
BETR Better Home & Finance Holding Co $355.68M $27.18
BRBI BRBI BR Partners S.A. $357.77M $13.63
HKD AMTD Digital Inc. $331.00M $1.68
CNCK Coincheck Group N.V. $327.50M $1.71

News headlines (Yahoo Finance, 1h cache)

Arthur Hayes Bets $100K That HYPE Will Outperform Solana by Year-End
2026-06-02 19:34 · Yahoo
SOL Strategies: Darklake & Houdini Add Middleware Monetization, Staking Scale Nears 768k SOL – Quarterly Update Report
2026-05-20 16:08 · Yahoo
Forward Industries, Inc. Q2 2026 Earnings Call Summary
2026-05-15 12:30 · Yahoo
Forward Industries announces 6.16M share repurchase for $27.4M
2026-03-20 12:08 · Yahoo
Solana Treasury Forward Industries Uses Loan to Buy Back Shares After 89% Price Dive
2026-03-19 20:48 · Yahoo
Forward Industries Eyes Berkshire Hathaway Status as SOL Losses Near $1 Billion
2026-02-27 10:56 · Yahoo
Forward Industries, Inc. Q1 2026 Earnings Call Summary
2026-02-13 13:30 · Yahoo
Forward Industries Inc (FWDI) Q1 2026 Earnings Call Highlights: Revenue Surge and Strategic ...
2026-02-13 05:02 · Yahoo
SOL-focused Forward Industries has had a tough run, but CIO says it's positioned for success
2026-02-07 17:00 · Yahoo
Bitcoin slump shakes companies that jumped on crypto-hoarding bandwagon
2026-02-05 18:21 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.