FWDI · Forward Industries, Inc.
Forward Industries Inc (FWDI)
What's happening
- FWDI is down 5.47% today, trading at $6.31. — Live quote
- Volume today (112,279) is well below its 3-month average of 1,379,000. (Finnhub fundamentals)
- Last quarter's EPS missed estimates: $-0.80 actual vs. $0.03 estimated (-2452.9%). (Finnhub earnings history)
Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.
Key Statistics
Analyst Recommendations
Aggregate ratings for 2026-09-01 (9 analysts polled by Finnhub) — consensus count.
Performance Overview (Trailing returns vs S&P 500 benchmark)
Earnings Trends (Quarterly EPS Actual vs Estimate)
Valuation Measures & Ratios
Quarterly history (5 periods)
| Measure | Jun '26 | Mar '26 | Dec '25 | Jun '25 | Mar '25 |
|---|---|---|---|---|---|
| Market cap | $362.9M | $420.3M | $654.0M | $6.8M | $4.5M |
| P/E | -0.39 | -0.48 | -1.11 | -1.98 | -1.43 |
| Price/Sales | 7.61 | 10.51 | 20.65 | 0.44 | 0.25 |
| Price/Book | 0.77 | 0.76 | 0.74 | 2.02 | 1.24 |
| EV/Revenue | 7.61 | 10.51 | 20.65 | 0.44 | 0.25 |
| EV/EBITDA | -0.39 | -0.48 | -1.11 | — | — |
| ROE | -197.92% | -157.95% | -66.83% | -101.74% | -86.97% |
| ROA | -155.77% | -143.14% | -65.92% | -41.10% | -25.23% |
Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E and PEG aren't shown here — both need historical analyst-consensus estimates, which no free source provides; see the current-period figures above instead.
Glossary — what these abbreviations mean
- 1. TTM
- Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
- 2. EPS
- Earnings per share — net income divided by diluted shares outstanding.
- 3. Beta
- A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
- 4. EV (Enterprise Value)
- Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
- 5. Forward P/E
- Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
- 6. PEG Ratio
- P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
- 7. Price / Book
- Share price divided by book value (assets minus liabilities) per share.
- 8. ROE
- Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
- 9. ROA
- Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
- 10. MRQ
- Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
- 11. YoY
- Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.
Short Interest
Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-08-14. Reported bi-monthly with a reporting lag — not real-time.
Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.
Price history
Drag horizontally to zoom into a section; use Reset view to restore all observations.
Technical signal summary
Calculating from the latest year of daily price history…
Show Technical Analysis Breakdown ▾ 10 Indicators
Signals describe daily price patterns—not the company’s value and not a recommendation to buy or sell. Read several together; no single indicator predicts what happens next. “Overbought” and “oversold” are conditions, not promises of a reversal.
Indicators None active
Free IEX historical data only goes back to ~2021 — 5Y/Full show whatever's actually available, not a promise of that much history. Indicators are computed client-side from these same price bars; earnings markers ("E") come from Finnhub's free tier (~last 4 quarters + next upcoming) — older quarters aren't available. The move-highlight dots are a heuristic (|% change| vs rolling volatility) with a best-effort headline lookup, not a claim of causation.
Peer and sector context
Balanced evidence
A deterministic summary of sourced facts—not an AI verdict.
Potential strengths
- Revenue growth is 332.1% on the provider's reported measure. Finnhub fundamentals ↗
- Latest SEC filing is Form 4, filed 2026-08-17; review it for current changes and risks. SEC EDGAR ↗
Potential concerns
- Net profit margin is -2073.8%. Finnhub fundamentals ↗
- Trailing 52-week price return is -61.4%. Finnhub market metrics ↗
Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.
More on FWDI
No accessible free API for these — links go to the source directly.
Financials
Fundamental trends
Visualized from the same SEC figures in the tables below.
Income statement
| Line item | Jun '26 | Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Mar '24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8M | $13.0M | $21.4M | $2.5M | $3.1M | $4.6M | $5.0M | $5.1M |
| Gross profit | $6.7M | $9.1M | $16.8M | -$621.0K | -$178.8K | $1.1M | $1.3M | $1.3M |
| Operating income | -$70.3M | -$284.1M | -$583.6M | -$2.6M | -$1.8M | -$898.0K | -$459.2K | -$620.9K |
| Net income | -$69.0M | -$283.1M | -$585.7M | -$850.0K | -$1.5M | -$708.1K | -$399.6K | -$553.2K |
| EPS (diluted) | $-0.80 | $-2.98 | $-5.91 | $-0.77 | $-1.32 | $-0.64 | $-0.36 | $-0.50 |
| EPS (basic) | $-0.80 | $-2.98 | $-5.91 | $-0.77 | $-1.32 | $-0.64 | $-0.36 | $-0.50 |
| Operating margin | -$652 | -$2.2K | -$2.7K | -$103 | -$58 | -$19 | -$9 | -$12 |
| Net margin | -$640 | -$2.2K | -$2.7K | -$34 | -$46 | -$15 | -$8 | -$11 |
Balance sheet
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | May '25 | Mar '25 | Dec '24 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $602.5M | $608.5M | $892.9M | $1.47B | $8.3M | — | $12.3M | $13.5M |
| Total liabilities | $128.3M | $57.1M | $12.1M | $4.8M | $4.9M | — | $8.8M | $11.2M |
| Stockholders' equity | $474.2M | $551.5M | $880.9M | $1.47B | $3.4M | — | $3.6M | $2.3M |
| Total current assets | $22.1M | $21.6M | $62.9M | $41.2M | $3.6M | — | $7.7M | $8.6M |
| Total current liabilities | $127.8M | $54.6M | $10.1M | $2.7M | $2.4M | — | $6.5M | $8.8M |
| Cash & equivalents | — | — | — | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.9M | $2.4M | $3.0M | $1.6M | $1.2M | — | $1.8M | $4.9M |
| Inventory | — | — | — | — | — | — | — | $753.0K |
| Property, plant & equipment | $58.0K | $78.8K | $98.7K | $124.3K | $153.9K | — | $164.8K | $194.0K |
| Goodwill | — | — | — | $0 | $1.3M | — | $1.3M | $1.3M |
| Intangible assets | — | — | — | $0 | $520.8K | — | $574.0K | $627.2K |
| Other non-current assets | $1.1M | $949.9K | $949.9K | $806.1K | $303.5K | — | $68.7K | $72.7K |
| Accounts payable | $283.5K | $274.5K | $382.6K | $433.0K | $208.8K | — | $137.4K | $195.0K |
| Accrued liabilities | — | — | $3.4M | $624.0K | $311.0K | — | — | — |
| Deferred revenue (current) | $504.9K | $612.1K | $720.2K | $292.5K | $310.0K | — | $355.0K | $278.6K |
| Other current liabilities | — | — | — | — | — | — | — | — |
| Long-term debt | — | — | — | — | — | — | — | — |
| Other non-current liabilities | — | — | — | — | — | — | — | — |
| Common stock & paid-in capital | — | — | — | — | — | $1.0M | — | — |
| Retained earnings | -$1.12B | -$1.06B | -$772.3M | -$186.6M | -$22.6M | — | -$21.8M | -$20.3M |
| Accumulated other comprehensive income (loss) | — | — | — | — | — | — | — | — |
Cash flow
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.4M | -$4.8M | -$7.9M | -$2.3M | -$1.2M | -$537.6K | -$434.3K | $467.2K |
| Investing cash flow | -$55.8M | $3.2M | -$1.1M | -$901.2M | -$218.9K | -$1.4K | -$5.4K | -$15.1K |
| Financing cash flow | $53.5M | -$7.1M | -$3.8M | $940.4M | $911.1K | $0 | $0 | $0 |
| Free cash flow | -$3.4M | -$4.8M | -$7.9M | -$2.3M | -$1.2M | -$539.0K | -$439.7K | $452.1K |
| Capital expenditures | $0 | $3.4K | $0 | -$3 | $18.9K | $1.4K | $5.4K | $15.1K |
| Depreciation & amortization | $20.8K | $23.3K | $25.6K | $82.7K | $83.0K | $82.7K | $83.7K | $83.5K |
| Share-based compensation | $3.1M | $797.9K | $17.2K | $2.8M | $39.3K | $26.1K | $20.3K | $20.1K |
| Deferred income taxes | — | — | — | -$41.3M | — | — | — | -$205.0K |
| Change in accounts receivable | -$176.5K | -$735.4K | $1.2M | $461.5K | -$578.3K | -$723.9K | $216.4K | -$317.3K |
| Change in inventory | — | — | — | — | — | — | $263.0K | $246.7K |
| Change in accounts payable | — | — | — | — | — | — | — | -$389.8K |
| Purchases of investments | $2.3M | — | — | — | $0 | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | $11.8M | $47.1M | $10.9M | — | $0 | $0 | $0 | — |
Income statement
| Line item | Sep '25 | Sep '24 | Sep '23 | Sep '22 | Sep '21 |
|---|---|---|---|---|---|
| Revenue | $18.2M | $20.0M | $36.7M | $38.2M | $39.0M |
| Gross profit | $5.2M | $5.2M | $8.4M | $8.8M | $8.1M |
| Operating income | -$8.4M | -$2.2M | $159.7K | $588.5K | -$765.0K |
| Net income | -$167.0M | -$2.0M | -$3.7M | -$1.4M | $523.8K |
| EPS (diluted) | $-24.59 | $-1.77 | $-3.39 | $-0.14 | $0.05 |
| EPS (basic) | $-24.59 | $-1.77 | $-3.39 | $-0.14 | $0.05 |
| Operating margin | -$46 | -$11 | $0 | $2 | -$2 |
| Net margin | -$918 | -$10 | -$10 | -$4 | $1 |
Balance sheet
| Line item | Sep '25 | Sep '24 | Sep '23 | Sep '22 | Sep '21 |
|---|---|---|---|---|---|
| Total assets | $1.47B | $14.8M | $17.4M | $20.9M | $19.9M |
| Total liabilities | $4.8M | $11.8M | $14.8M | $14.7M | $12.4M |
| Stockholders' equity | $1.47B | $3.0M | $2.6M | $6.3M | $7.4M |
| Total current assets | $41.2M | $9.6M | $11.4M | $14.3M | $12.8M |
| Total current liabilities | $2.7M | $9.4M | $10.8M | $10.0M | $7.2M |
| Cash & equivalents | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — |
| Accounts receivable | $1.6M | $2.3M | $7.0M | $7.5M | $8.8M |
| Inventory | — | $490.0K | $334.4K | $650.9K | $2.1M |
| Property, plant & equipment | $124.3K | $218.0K | $274.0K | $241.1K | $168.0K |
| Goodwill | $0 | $1.6M | $1.8M | $1.8M | $1.8M |
| Intangible assets | $0 | $680.4K | $893.1K | $1.1M | $1.3M |
| Other non-current assets | $806.1K | $68.7K | $68.7K | $68.7K | $72.3K |
| Accounts payable | $433.0K | $103.6K | $518.9K | $268.2K | $392.0K |
| Accrued liabilities | $624.0K | $572.0K | — | — | — |
| Deferred revenue (current) | $292.5K | $399.4K | $297.4K | $438.9K | $187.7K |
| Other current liabilities | — | — | — | — | — |
| Long-term debt | — | — | — | — | — |
| Common stock & paid-in capital | — | — | — | — | — |
| Retained earnings | -$186.6M | -$19.6M | -$17.7M | -$13.9M | -$12.6M |
| Accumulated other comprehensive income (loss) | — | — | — | — | — |
Cash flow
| Line item | Sep '25 | Sep '24 | Sep '23 | Sep '22 | Sep '21 |
|---|---|---|---|---|---|
| Operating cash flow | -$4.5M | $519.8K | $1.0M | $1.5M | -$528.3K |
| Investing cash flow | -$901.5M | -$65.2K | -$136.1K | -$169.6K | -$67.2K |
| Financing cash flow | $941.4M | -$500.0K | -$300.0K | -$200.0K | -$918.7K |
| Free cash flow | -$4.5M | $454.6K | $904.9K | $1.4M | -$595.5K |
| Capital expenditures | $25.8K | $65.2K | $136.1K | $169.6K | $67.2K |
| Depreciation & amortization | $332.2K | $331.9K | $315.9K | $309.2K | $327.3K |
| Share-based compensation | $2.9M | $101.4K | $86.5K | $201.2K | $68.9K |
| Deferred income taxes | -$41.3M | -$205.0K | -$151.0K | $232.0K | -$699.0K |
| Change in accounts receivable | -$624.4K | -$1.5M | -$495.1K | -$953.1K | $1.7M |
| Change in inventory | — | $155.6K | -$316.5K | -$108.2K | $786.9K |
| Change in accounts payable | — | -$389.8K | $250.7K | — | — |
| Purchases of investments | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.
Institutional holders
SEC Form 13F filers holding FWDI as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.
Source: Business Quant SEC Form 13F · report period 2026-06-30 · 31 filers
| Filer | Shares | Value | % Out | Qtr Change | Filed |
|---|---|---|---|---|---|
| Galaxy Digital Inc. | 8,108,108 | $34.2M | 9.35% | +0.0% | 2026-08-14 |
| J Digital 6 LLC | 7,947,843 | $33.5M | 9.17% | +0.0% | 2026-08-13 |
| BlackRock, Inc. | 3,710,811 | $15.7M | 4.28% | +1650.7% | 2026-08-07 |
| Alyeska Investment Group, L.P. | 3,250,161 | $13.7M | 3.75% | +0.0% | 2026-08-14 |
| VANGUARD CAPITAL MANAGEMENT LLC | 2,682,734 | $11.3M | 3.09% | +262.2% | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 1,943,824 | $14.3M | 2.24% | +80.8% | 2026-08-12 |
| Ghisallo Capital Management LLC | 1,006,882 | $4.2M | 1.16% | +0.0% | 2026-08-14 |
| Long Corridor Asset Management Ltd | 994,164 | $4.2M | 1.15% | +0.0% | 2026-08-11 |
| State Street Corp | 988,926 | $4.2M | 1.14% | +211.8% | 2026-08-07 |
| Weiss Asset Management LP | 904,581 | $3.8M | 1.04% | +0.0% | 2026-08-14 |
| Polar Asset Management Partners Inc. | 874,537 | $3.7M | 1.01% | -7.5% | 2026-08-14 |
| CITADEL ADVISORS LLC | 785,784 | $3.3M | 0.91% | +31.3% | 2026-08-14 |
| Northern Trust Corp | 474,529 | $2.0M | 0.55% | +226.3% | 2026-08-12 |
| Nuveen, LLC | 446,255 | $1.9M | 0.51% | +0.0% | 2026-08-11 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 415,422 | $1.8M | 0.48% | +0.0% | 2026-06-30 |
| VANGUARD FIDUCIARY TRUST CO | 412,319 | $1.7M | 0.48% | +16.0% | 2026-06-30 |
| UBS Group AG | 388,013 | $1.6M | 0.45% | +215.9% | 2026-08-13 |
| LAZARD ASSET MANAGEMENT LLC | 201,869 | $851.9K | 0.23% | -49.5% | 2026-06-30 |
| Morgan Stanley | 191,896 | $809.8K | 0.22% | +74.8% | 2026-08-11 |
| RENAISSANCE TECHNOLOGIES LLC | 188,854 | $797.0K | 0.22% | -52.8% | 2026-08-13 |
| Bank of New York Mellon Corp | 175,121 | $739.0K | 0.20% | +887.6% | 2026-08-06 |
| ParaFi Capital LP | 162,164 | $684.3K | 0.19% | +0.0% | 2026-08-14 |
| Pantera Capital Partners LP | 153,070 | $646.0K | 0.18% | -25.0% | 2026-08-14 |
| MOORE CAPITAL MANAGEMENT, LP | 150,000 | $633.0K | 0.17% | -25.0% | 2026-08-14 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 140,359 | $592.3K | 0.16% | +259.4% | 2026-08-14 |
Insider activity
Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR Form 4 filings · checked 25 most recent filings · covers 2025-09-08 to 2026-08-08
Recent transactions
- Insiders have net bought 500 shares over the last 182 days, across 1 purchase and 0 sales.
- Most recent: Navi Ryan David (Chief Investment Officer) — Grant / award of 146,956 shares on 2026-08-08.
Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.
Insider purchases & sales, last 6 months
Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.
Insider roster
| Name | Title | Most Recent Transaction | Date | Shares |
|---|---|---|---|---|
| Navi Ryan David | Chief Investment Officer | Grant / award | 2026-08-08 | 146,956 |
| Brazier Mark Christopher | Chief Financial Officer | Grant / award | 2026-08-08 | 137,500 |
| Quinn Georgia P | General Counsel | Grant / award | 2026-08-08 | 146,956 |
| Pruitt Michael D | Chief Executive Officer | Open market purchase | 2026-05-19 | 500 |
| Samani Pyahm | Director | Other acquisition/disposition | 2026-05-05 | 1,783,519 |
| Multicoin Capital Management, LLC | 10% owner | Grant / award | 2025-09-10 | 7,947,843 |
| Shah Sangita | Director | Grant / award | 2025-09-08 | 50,000 |
Recent transactions
| Date | Insider | Title | Transaction | Shares | Price |
|---|---|---|---|---|---|
| 2026-08-08 | Navi Ryan David | Chief Investment Officer | Grant / award | 146,956 | — |
| 2026-08-08 | Brazier Mark Christopher | Chief Financial Officer | Grant / award | 137,500 | — |
| 2026-08-08 | Quinn Georgia P | General Counsel | Grant / award | 146,956 | — |
| 2026-05-19 | Pruitt Michael D | Chief Executive Officer | Open market purchase | 500 | $4.16 |
| 2026-05-05 | Samani Pyahm | Director | Other acquisition/disposition | 1,783,519 | $4.43 |
| 2026-04-16 | Brazier Mark Christopher | Chief Financial Officer | Grant / award | 275,000 | $0.00 |
| 2026-03-08 | Navi Ryan David | Chief Investment Officer | Grant / award | 382,085 | $0.00 |
| 2026-03-08 | Quinn Georgia P | General Counsel | Grant / award | 293,911 | $0.00 |
| 2025-12-19 | Navi Ryan David | Chief Investment Officer | Open market purchase | 10,000 | $7.08 |
| 2025-12-15 | Pruitt Michael D | Chief Executive Officer | Open market purchase | 1,000 | $7.44 |
| 2025-09-10 | Multicoin Capital Management, LLC | 10% owner | Grant / award | 7,947,843 | $18.50 |
| 2025-09-10 | Multicoin Capital Management, LLC | 10% owner | Grant / award | 1,351,352 | $18.50 |
| 2025-09-08 | Shah Sangita | Director | Grant / award | 50,000 | $18.50 |
Recent SEC filings
Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR submissions · updated 2026-09-07 13:52 UTC
| Filed | Form | Report period | Official filing |
|---|---|---|---|
| 2026-08-17 | 4 | 2026-08-08 | View on SEC.gov → |
| 2026-08-17 | 4 | 2026-08-08 | View on SEC.gov → |
| 2026-08-17 | 4 | 2026-08-08 | View on SEC.gov → |
| 2026-08-12 | 8-K | 2026-08-12 | View on SEC.gov → |
| 2026-08-12 | 10-Q | 2026-06-30 | View on SEC.gov → |
| 2026-07-20 | 8-K | 2026-07-14 | View on SEC.gov → |
| 2026-06-16 | 8-K | 2026-06-12 | View on SEC.gov → |
| 2026-06-16 | 8-K | 2026-06-15 | View on SEC.gov → |
| 2026-06-10 | 8-K | 2026-06-09 | View on SEC.gov → |
| 2026-05-19 | 4 | 2026-05-19 | View on SEC.gov → |
| 2026-05-18 | 4 | 2026-04-30 | View on SEC.gov → |
| 2026-05-14 | 10-Q | 2026-03-31 | View on SEC.gov → |
Recent news
Headlines about FWDI (Forward Industries, Inc.). Links open the publisher — we don’t host full articles.
-
Liquidity Mapping Around (FWDI) Price Events
Stock Traders Daily · 2026-09-07 -
Forward Industries Borrows Against Solana Holdings To Fund Share Buyback
CoinMarketCap · 2026-09-05 -
Forward Industries Posts 319% Revenue Jump but $283.1M Loss on SOL Decline
CoinMarketCap · 2026-09-04 -
FWDI Maintained by B. Riley Securities -- Price Target Raised to $9.00
GuruFocus · 2026-09-03 -
Forward Industries (NASDAQ:FWDI) Stock Price Expected to Rise, B. Riley Financial Analyst Says
marketbeat.com · 2026-09-03 -
Forward Industries price target raised to $9 from $7 at B. Riley
TipRanks · 2026-09-03 -
Forward Industries, Inc. (NASDAQ:FWDI) Given Average Recommendation of "Hold" by Brokerages
marketbeat.com · 2026-09-03 -
B. Riley Securities Maintains Buy on Forward Industries, Raises Price Target to $9
Benzinga · 2026-09-03
No headlines in this category right now — try “All”.