Forward Industries, Inc.
FWDINasdaq
$4.02
↓ -5.3%Jul 17 close · end-of-day
Price
1Y↓ -57.5%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$381.1M
Enterprise Value
$381.1M
P/E
—
P/S
8.5
P/B
0.7
EV/EBITDA
—
PEG
—
FCF Yield
-4.3%
Dividend Yield
—
Revenue (TTM)
$44.8M
Net Income (TTM)
-$1.0B
Free Cash Flow (TTM)
-$16.3M
Gross Margin
67.3%
Operating Margin
-1948.0%
Net Margin
-2305.2%
ROE
-187.4%
ROIC
-125.1%
Debt / Equity
—
Net Cash
—
Return 1Y
-56.4%
Company profile
Forward Industries, Inc. designs, markets, and distributes carry and protective solutions. The company operates in three segments: OEM Distribution, Retail Distribution, and Design. The Design segment provides hardware and software product design and engineering services. Forward Industries was incorporated in 1961 and is headquartered in Hauppauge, New York.
- CEO
- Terence B. Wise
- Sector
- Manufacturing
- Industry
- Rubber And Plastic Products
- Employees
- 100
- Headquarters
- New York
- Website
- forwardindustries.com
Management & directors
- Pruitt Michael DChief Executive Officer
- Brazier Mark ChristopherChief Financial Officer
- Navi Ryan DavidChief Investment Officer
- Quinn Georgia PGeneral Counsel
Roles derived from SEC Form 4 filings.
Earnings
FWDI Q2 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$13.0M↑ +315.0%
Diluted EPS-$2.98↑ +125.8%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $34.5M | $39.0M | $38.2M | $22.7M | $20.0M | $18.2M |
| Gross profit | $6.6M | $8.1M | $8.8M | $7.1M | $5.2M | $5.2M |
| Operating income | -$2.0M | -$764,999.00 | $588,470.00 | -$61,129.00 | -$2.2M | -$8.4M |
| Net income | -$1.8M | $523,805.00 | -$1.4M | -$3.7M | -$2.0M | -$167.0M |
| Diluted EPS | -$0.19 | $0.05 | -$0.14 | -$3.39 | -$1.77 | -$24.59 |
| Operating cash flow | -$262,946.00 | -$528,311.00 | $1.5M | $1.2M | $519,770.00 | -$4.5M |
| Free cash flow | -$331,402.00 | -$595,518.00 | $1.4M | $1.0M | $454,616.00 | -$4.5M |
| Gross margin | 19.3% | 20.8% | 23.0% | 31.5% | 25.9% | 28.5% |
| Operating margin | -5.7% | -2.0% | 1.5% | -0.3% | -10.8% | -46.1% |
| Net margin | -5.1% | 1.3% | -3.6% | -16.5% | -9.8% | -918.1% |
| Line item | Q3 '24 | Q4 '24 | Q1 '24 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '25 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0M | $4.7M | $4.6M | $3.1M | $2.5M | $7.9M | $21.4M | $13.0M |
| Gross profit | $1.3M | $1.1M | $1.1M | -$178,761.00 | -$620,958.00 | $4.9M | $16.8M | $9.1M |
| Operating income | -$459,211.00 | -$706,481.00 | -$898,030.00 | -$1.8M | -$2.6M | -$3.1M | -$583.6M | -$284.1M |
| Net income | -$399,585.00 | -$643,568.00 | -$708,065.00 | -$1.5M | -$850,022.00 | -$164.0M | -$585.7M | -$283.1M |
| Diluted EPS | -$0.36 | -$0.59 | -$0.64 | -$1.32 | -$0.77 | -$21.86 | -$5.91 | -$2.98 |
| Operating cash flow | $436,013.00 | $467,209.00 | -$434,283.00 | -$537,614.00 | -$1.2M | -$2.3M | -$7.9M | -$4.8M |
| Free cash flow | $426,797.00 | $452,129.00 | -$439,701.00 | -$539,047.00 | -$1.2M | -$2.3M | -$7.9M | -$4.8M |
| Gross margin | 26.0% | 23.3% | 24.5% | -5.7% | -24.9% | 61.1% | 78.6% | 70.0% |
| Operating margin | -9.1% | -14.9% | -19.4% | -58.3% | -102.6% | -39.2% | -2722.8% | -2191.9% |
| Net margin | -7.9% | -13.6% | -15.3% | -46.5% | -34.1% | -2063.6% | -2732.2% | -2184.1% |
Company news
Jul 20, 2026
Jul 2, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-05-19 | Pruitt Michael D· Chief Executive Officer | Buy | 500 | $4.16 | $2,079.85 | filing |
| 2026-05-05 | Samani Pyahm | J | 1,783,519 | $4.43 | $7.9M | filing |
| 2026-04-16 | Brazier Mark Christopher· Chief Financial Officer | Award | 275,000 | $0.00 | $0.00 | filing |
| 2026-03-08 | Navi Ryan David· Chief Investment Officer | Award | 382,085 | $0.00 | $0.00 | filing |
| 2026-03-08 | Quinn Georgia P· General Counsel | Award | 293,911 | $0.00 | $0.00 | filing |
| 2025-12-19 | Navi Ryan David· Chief Investment Officer | Buy | 10,000 | $7.08 | $70,800.00 | filing |
| 2025-12-15 | Pruitt Michael D· Chief Executive Officer | Buy | 1,000 | $7.44 | $7,440.00 | filing |
| 2025-09-10 | Multicoin Capital Management, LLC | Award | 7,947,843 | $18.50 | $147.0M | filing |
| 2025-09-10 | Multicoin Capital Management, LLC | Award | 7,947,843 | $18.50 | $147.0M | filing |
| 2025-09-10 | Multicoin Capital Management, LLC | Award | 1,351,352 | $18.50 | $25.0M | filing |
| 2025-09-10 | Multicoin Capital Management, LLC | Award | 1,351,352 | $18.50 | $25.0M | filing |
| 2025-09-08 | Shah Sangita | Award | 50,000 | $18.50 | $925,000.00 | filing |
Latest 12 transactions.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.