Forward Industries, Inc.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 3.50 $ to 26.70 $ · Last price: 8.10 $ (As of: September 28, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/29/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Footwear & Accessories
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Forward Industries, Inc. FWDI | 0.6 | – | 20.8 | 70.6 | 18.8 | -39.8 | -72.5 |
| Nike Inc NKE | 53.9 | 24.0 | 12.1 | 43.3 | 6.9 | -9.8 | -45.8 |
| Deckers Outdoor Corporation DECK | 10.9 | 11.8 | 6.9 | 57.8 | 14.0 | 9.4 | -25.7 |
| On Holding Ltd ONON | 10.1 | 33.0 | 12.8 | 64.8 | 14.1 | 24.2 | -31.8 |
| Crocs Inc CROX | 6.2 | – | 8.0 | 57.5 | 22.2 | -1.5 | 64.6 |
| Birkenstock Holding plc BIRK | 6.2 | – | 8.6 | 57.5 | 26.9 | 16.2 | -25.2 |
| Steven Madden Ltd SHOO | 3.3 | 44.5 | 14.5 | 46.9 | 15.5 | 10.5 | 40.7 |
| Wolverine World Wide Inc WWW | 1.6 | – | 11.0 | 47.1 | 7.4 | 6.8 | -30.2 |
| Weyco Group Inc WEYS | 0.4 | – | 7.3 | 49.1 | – | -4.9 | 73.5 |
| Median of companies shown | 6.2 | 28.5 | 11.0 | 57.5 | 14.8 | 6.8 | -25.7 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 27 | 1 | 1 | 0.07 | 1 | 8 | 12 |
| 2017 | 25 | 1 | 1 | 0.07 | 0 | 9 | 13 |
| 2018 | 35 | 0 | 1 | 0.15 | 1 | 11 | 19 |
| 2019 | 37 | -3 | -4 | -0.38 | -2 | 8 | 16 |
| 2020 | 34 | -1 | -2 | -0.19 | 0 | 7 | 19 |
| 2021 | 39 | -1 | 1 | 0.05 | -1 | 7 | 20 |
| 2022 | 38 | 1 | -1 | -0.14 | 2 | 6 | 21 |
| 2023 | 37 | 0 | -4 | -0.37 | 1 | 3 | 17 |
| 2024 | 30 | -2 | -2 | -0.18 | 1 | 3 | 15 |
| 2025 | 18 | -6 | -167 | -2.46 | -5 | 1,470 | 1,475 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q2 | -0.36 | 32.00 | 8 | -22.10 | -5.10 | 1 | 0 |
| 2024: Q3 | – | – | 5 | 185.50 | -8.80 | 1 | 1 |
| 2024: Q4 | -0.64 | -81.80 | 5 | -35.30 | -15.30 | 0 | 0 |
| 2025: Q1 | -1.65 | -3,200.00 | 3 | -60.10 | -46.50 | -1 | -1 |
| 2025: Q2 | -2.17 | -498.00 | 3 | -68.40 | -34.10 | -1 | -1 |
| 2025: Q3 | -6.88 | – | 8 | 68.10 | -2,063.60 | -2 | -2 |
| 2025: Q4 | -5.91 | -823.40 | 21 | 363.50 | -2,732.20 | -8 | -8 |
| 2026: Q1 | 0.03 | 101.80 | 13 | 315.00 | -2,184.10 | -5 | -5 |
| 2026: Q2 | -0.80 | 63.10 | 11 | 332.00 | -638.90 | -3 | -3 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 3 of our scanner strategies — each hit links to the scanner.
Growth
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 09/30/2026 | -10.21 | -10.21 – -10.21 | 57 | – | 1 |
| 09/30/2027 | 0.08 | 0.08 – 0.08 | 48 | 100.8% | 1 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available.
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -21.9%
- More than 10% revenue growth is expected for the coming year 232.7%
- Share count grows by less than 3% a year 89.0%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -64.7%
- Gross margin at 40% or higher and without meaningful erosion 28.5%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 36 m net cash
- Operating cash flow covers the profits of the last three years 170 m
- Return on capital at 15% or higher, or up versus two years ago -0.4%
- Insiders hold at least 10% or are net buyers 30.8%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
4/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% -4.5%
- Exp. sales growth 3Y > 5% 62.4%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 62.4%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 5
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% -421.2%
- ROCE > 15% -0.4%
- Expected return > 10% 61.2%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 8, 2026 | Navi Ryan David | Chief Investment Officer | Other | 146,956 | – | – |
| Aug 8, 2026 | Brazier Mark Christopher | Chief Financial Officer | Other | 137,500 | – | – |
| Aug 8, 2026 | Quinn Georgia P | General Counsel | Other | 146,956 | – | – |
The company
About the Company
Forward Industries, Inc. ist als auf Solana (SOL) fokussiertes Unternehmen für digitale Vermögenswerte tätig. Das Unternehmen ist in den Segmenten Digitale Vermögenswerte und Design tätig. Das Segment Digitale Vermögenswerte erfasst SOL-basierte Erträge, die durch Teilnahme am Staking-Protokoll des Solana-Netzwerks erzielt werden. Das Segment Design bietet Kunden in den Vereinigten Staaten Hardware- und Softwareproduktdesign sowie Engineering-Dienstleistungen an. Das Unternehmen wurde 1961 gegründet und hat seinen Sitz in Austin, Texas.
- Employees
- 60
- Headquarters
- Austin, TX
- Address
- 111 Congress Avenue, 78701 Austin, United States
- Phone
- 512 256 9040
- Website
- forwardindustries.com
- IPO Date
- 06/15/1995
- ISIN
- US3499321038
- Stock Split
- 1:10 on 06/18/2024
- Stock Split
- 1:2 on 12/24/1997
- Stock Split
- 2:1 on 02/01/1996
Management
| Name | Title | Birth Year |
|---|---|---|
| Michael D. Pruitt | Interim CEO & Director | 1961 |
| Robert Wild | Chief Executive Officer of IPS | 1971 |
| Brazier Mark Christopher | Chief Financial Officer | 1978 |
| Ryan Navi | Chief Investment Officer | 1991 |
| Georgia Quinn | General Counsel | 1980 |
| Paul Jean Severino | President of Intelligent Product Solutions Inc | 1961 |
| Thomas Edward KraMer MCAD | Chief Executive Officer of Kablooe Inc | 1967 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/24/2026 Forward Industries, Inc. (FWDI): Entry into a Material Definitive Agreement; Regulation FD Disclosure; Other Events; Financial Statements and Exhibits SEC ↗
- 09/15/2026 Forward Industries, Inc. (FWDI): Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 08/12/2026 Forward Industries, Inc. (FWDI): Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
Data as of: September 28, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.