Forward Industries, Inc.

FWDI · NASDAQ · Financial Services / Asset Management

4.94USD-0.14 (-2.76%)

Price History

Full chart

Market Stats

Previous Close5.08

Open5.10

Day Range4.79 – 5.10

52-Week Range3.48 – 10.23

Volume1.62M

Market Cap434.84M

P/E (TTM)0.00

Forward P/E44.44

EPS-30.27

Dividend Yield0.00%

Beta0.90

50-Day Avg7.02

200-Day Avg5.25

About

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.

Company Details

SectorFinancial Services
IndustryAsset Management
CEOMr. Michael D. Pruitt
Employees60
Headquarters111 Congress Avenue, Austin, TX, United States, 78701, USA
Websitehttps://forwardindustries.com

Leadership

Mr. Michael D. PruittInterim CEO & Director · b. 1961
Mr. Robert WildChief Executive Officer of IPS · b. 1971
Mr. Brazier Mark ChristopherChief Financial Officer · b. 1978
Mr. Ryan NaviChief Investment Officer · b. 1991
Ms. Georgia QuinnGeneral Counsel · b. 1980
Mr. Thomas Edward KraMer MCADChief Executive Officer of Kablooe Inc · b. 1967

Financials

Income Statement

Currency: USD	1995-09-30	1996-09-30	1997-09-30	1998-09-30	1999-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30

Currency: USD	1995-09-30	1996-09-30	1997-09-30	1998-09-30	1999-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Total Revenue	15.50M	17.90M	12.70M	13.00M	20.60M	13.18M	16.36M	18.90M	20.07M	51.87M	30.61M	22.15M	19.97M	17.44M	19.00M	22.78M	30.91M	33.36M	30.01M	27.48M	24.76M	34.50M	37.41M	34.48M	39.02M	38.21M	36.69M	30.20M	18.19M
Growth (%)	-	+15.48%	-29.05%	+2.36%	+58.46%	-36.04%	+24.18%	+15.50%	+6.21%	+158.40%	-40.99%	-27.63%	-9.83%	-12.68%	+8.92%	+19.90%	+35.71%	+7.92%	-10.03%	-8.44%	-9.88%	+39.31%	+8.43%	-7.83%	+13.18%	-2.09%	-3.97%	-17.70%	-39.77%
Cost of Revenue	11.90M	14.60M	8.10M	9.10M	14.20M	9.04M	10.73M	12.78M	13.29M	33.28M	22.77M	17.35M	15.95M	13.86M	14.76M	17.71M	24.53M	26.81M	24.22M	22.40M	20.57M	27.93M	30.83M	27.84M	30.89M	29.41M	28.32M	23.99M	13.00M
Gross Profit	3.60M	3.30M	4.60M	3.90M	6.40M	4.13M	5.63M	6.12M	6.78M	18.59M	7.83M	4.80M	4.03M	3.58M	4.23M	5.06M	6.38M	6.55M	5.79M	5.08M	4.19M	6.57M	6.58M	6.64M	8.13M	8.80M	8.36M	6.21M	5.19M
Gross Margin	23.23%	18.44%	36.22%	30.00%	31.07%	31.36%	34.41%	32.39%	33.78%	35.83%	25.60%	21.69%	20.17%	20.54%	22.28%	22.24%	20.63%	19.65%	19.30%	18.49%	16.93%	19.04%	17.59%	19.25%	20.85%	23.03%	22.80%	20.56%	28.54%
Operating Expense	3.80M	5.10M	3.60M	3.50M	1.90M	4.51M	4.93M	4.98M	5.12M	6.25M	6.11M	6.62M	5.69M	4.93M	5.80M	8.08M	5.67M	6.65M	7.31M	4.46M	3.59M	6.31M	9.68M	7.61M	8.90M	8.21M	8.20M	8.14M	11.56M
Operating Income	-200.00K	-1.80M	1.00M	400.00K	4.50M	-374.82K	704.36K	1.14M	1.66M	12.34M	1.73M	-1.82M	-1.67M	-1.35M	-1.57M	-3.02M	705.82K	-98.68K	-1.51M	616.95K	598.47K	260.65K	-3.10M	-967.38K	-765.00K	588.47K	159.66K	-1.93M	-6.37M
Operating Margin	-1.29%	-10.06%	7.87%	3.08%	21.84%	-2.84%	4.30%	6.02%	8.28%	23.79%	5.64%	-8.19%	-8.34%	-7.74%	-8.27%	-13.24%	2.28%	-0.30%	-5.04%	2.25%	2.42%	0.76%	-8.28%	-2.81%	-1.96%	1.54%	0.44%	-6.40%	-35.00%
EBITDA	100.00K	-1.70M	1.20M	100.00K	4.60M	-238.83K	832.45K	1.27M	1.78M	12.46M	1.83M	-712.88K	-980.08K	-1.02M	-1.51M	-2.88M	781.00K	-34.20K	-1.46M	669.71K	639.97K	784.84K	-3.10M	-1.32M	1.02M	885.10K	598.81K	-1.53M	-168.69M
EBITDA Margin	0.65%	-9.50%	9.45%	0.77%	22.33%	-1.81%	5.09%	6.72%	8.87%	24.03%	5.97%	-3.22%	-4.91%	-5.84%	-7.93%	-12.65%	2.53%	-0.10%	-4.86%	2.44%	2.58%	2.27%	-8.28%	-3.83%	2.62%	2.32%	1.63%	-5.06%	-927.49%
Net Income	-900.00K	-1.10M	200.00K	-1.10M	800.00K	-1.98M	855.59K	1.45M	1.94M	9.43M	1.54M	-553.46K	-889.25K	-1.39M	-1.68M	-2.90M	-206.89K	-799.91K	-1.43M	606.56K	579.35K	1.38M	-3.60M	-1.78M	523.80K	-1.38M	-3.74M	-1.95M	-166.97M
Net Income Margin	-5.81%	-6.15%	1.57%	-8.46%	3.88%	-15.02%	5.23%	7.65%	9.66%	18.19%	5.04%	-2.50%	-4.45%	-7.99%	-8.87%	-12.73%	-0.67%	-2.40%	-4.78%	2.21%	2.34%	4.00%	-9.63%	-5.15%	1.34%	-3.61%	-10.18%	-6.46%	-918.07%
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115.45K	201.00K	174.96K	171.96K	123.41K	104.20K	62.66K	49.14K
Interest Expense % of Total Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.33%	0.54%	0.51%	0.44%	0.32%	0.28%	0.21%	0.27%

Balance Sheet

Currency: USD	1995-09-30	1996-09-30	1997-09-30	1998-09-30	1999-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30

Currency: USD	1995-09-30	1996-09-30	1997-09-30	1998-09-30	1999-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Total Assets	8.40M	8.80M	10.00M	8.10M	9.80M	5.72M	5.39M	7.18M	10.19M	29.91M	27.78M	26.63M	26.10M	24.48M	24.53M	22.26M	15.03M	16.57M	12.78M	12.40M	13.15M	19.23M	16.09M	19.36M	19.86M	20.94M	17.39M	14.77M	1.47B
Total Liabilities	7.10M	5.10M	5.80M	4.60M	4.70M	2.87M	1.68M	1.88M	2.57M	7.06M	2.83M	2.21M	2.40M	1.96M	3.32M	3.58M	5.64M	7.38M	5.45M	4.22M	4.22M	8.13M	8.38M	12.77M	12.41M	14.67M	14.77M	11.80M	4.82M
Total Equity	1.30M	3.70M	4.20M	3.50M	5.10M	2.85M	3.70M	5.30M	7.62M	22.84M	24.95M	24.42M	23.71M	22.52M	21.21M	18.68M	9.39M	9.19M	7.33M	8.17M	8.93M	11.10M	7.71M	6.58M	7.44M	6.27M	2.62M	2.97M	1.47B
Cash	500.00K	200.00K	1.40M	700.00K	1.20M	1.38M	1.21M	2.13M	4.49M	15.29M	18.61M	20.27M	19.86M	20.10M	18.47M	14.91M	6.62M	6.48M	4.04M	4.76M	4.62M	4.37M	3.09M	2.92M	1.41M	2.58M	3.18M	3.02M	38.17M
Total Debt	3.50M	2.90M	3.10M	1.80M	1.00M	1.61M	86.56K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.30M	3.02M	7.76M	5.50M	5.03M	4.35M	3.43M	2.55M
Net Debt	3.00M	2.70M	1.70M	1.10M	-200.00K	236.02K	-1.12M	-2.13M	-4.49M	-15.29M	-18.61M	-20.27M	-19.86M	-20.10M	-18.47M	-14.91M	-6.62M	-6.48M	-4.04M	-4.76M	-4.62M	-2.07M	-71.64K	4.84M	4.09M	2.45M	1.17M	411.35K	-35.62M

Cash Flow

Currency: USD	1995-09-30	1996-09-30	1997-09-30	1998-09-30	1999-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30

Currency: USD	1995-09-30	1996-09-30	1997-09-30	1998-09-30	1999-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Operating Cash Flow	-500.00K	-3.40M	300.00K	-1.00M	700.00K	-627.64K	1.11M	915.76K	2.10M	7.11M	3.20M	1.86M	-414.87K	352.09K	-1.69M	-1.79M	2.25M	234.47K	-2.02M	768.28K	-137.64K	956.49K	-1.97M	-262.95K	-528.31K	1.53M	1.04M	519.77K	-4.50M
Investing Cash Flow	200.00K	300.00K	-	1.50M	-100.00K	373.02K	250.22K	-57.47K	-124.10K	-107.65K	26.13K	-60.52K	-28.99K	-124.96K	-8.57K	-1.77M	-1.43M	-250.66K	908.04K	-48.12K	-	-1.39M	-33.14K	-390.06K	-67.21K	-169.63K	-136.08K	-65.15K	-901.47M
Financing Cash Flow	800.00K	2.80M	800.00K	-1.20M	-200.00K	799.45K	-1.53M	59.71K	384.05K	3.80M	87.66K	-139.15K	38.50K	13.95K	67.00K	-	1.19M	-123.68K	-1.32M	-1.67K	-	175.85K	725.81K	484.82K	-918.74K	-200.00K	-300.00K	-500.00K	941.36M
Capital Expenditure	200.00K	100.00K	100.00K	200.00K	400.00K	81.94K	12.14K	61.06K	124.10K	108.65K	48.90K	60.52K	28.99K	124.96K	8.57K	276.63K	74.19K	33.48K	33.19K	48.12K	0	55.88K	33.14K	68.46K	67.21K	169.63K	136.08K	65.15K	25.77K
Free Cash Flow	-700.00K	-3.50M	200.00K	-1.20M	300.00K	-709.58K	1.09M	854.69K	1.98M	7.00M	3.15M	1.80M	-443.87K	227.13K	-1.70M	-2.07M	2.18M	200.98K	-2.06M	720.16K	-137.64K	900.60K	-2.00M	-331.40K	-595.52K	1.37M	904.95K	454.62K	-4.53M
Dividends Paid	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14.53K	76.50K	21.21K	-	-	-	-	-	-	-	-	-	-
FCF to OCF	140.00%	102.94%	66.67%	120.00%	42.86%	113.06%	98.90%	93.33%	94.10%	98.47%	98.47%	96.74%	106.99%	64.51%	100.51%	115.43%	96.70%	85.72%	101.64%	93.74%	100.00%	94.16%	101.68%	126.03%	112.72%	88.95%	86.93%	87.46%	100.57%
Dividend Paid to FCF	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.67%	38.06%	-1.03%	-	-	-	-	-	-	-	-	-	-

Earnings

Report Date	Dec 31, 1998	Mar 31, 1999	Jun 30, 1999	Dec 31, 1999	Mar 31, 2000	Jun 30, 2000	Dec 31, 2000	Mar 31, 2001	Jun 30, 2001	Jan 25, 2002	May 3, 2002	Jul 30, 2002	Jan 21, 2003	Apr 22, 2003	Jul 21, 2003	Nov 13, 2003	Jan 21, 2004	Apr 21, 2004	Jul 21, 2004	Dec 7, 2004	Feb 2, 2005	Apr 21, 2005	Jul 25, 2005	Nov 17, 2005	Feb 2, 2006	Apr 27, 2006	Jul 27, 2006	Nov 20, 2006	Feb 8, 2007	May 2, 2007	Aug 1, 2007	Nov 30, 2007	Feb 13, 2008	May 2, 2008	Aug 12, 2008	Dec 16, 2008	Feb 11, 2009	May 7, 2009	Aug 6, 2009	Dec 10, 2009	Feb 9, 2010	May 6, 2010	Aug 10, 2010	Dec 9, 2010	Feb 8, 2011	May 5, 2011	Aug 9, 2011	Dec 16, 2011	Feb 7, 2012	May 3, 2012	Aug 7, 2012	Dec 14, 2012	Feb 15, 2013	May 14, 2013	Aug 13, 2013	Feb 14, 2014	May 13, 2014	Aug 12, 2014	Dec 3, 2014	Feb 12, 2015	May 12, 2015	Aug 11, 2015	Feb 11, 2016	May 12, 2016	Aug 16, 2016	Feb 16, 2017	May 12, 2017	Aug 14, 2017	Nov 29, 2017	Feb 14, 2018	May 7, 2018	Aug 13, 2018	Dec 15, 2018	Feb 14, 2019	May 15, 2019	Aug 14, 2019	Dec 16, 2019	Feb 14, 2020	Jun 25, 2020	Aug 14, 2020	Dec 18, 2020	Feb 12, 2021	May 14, 2021	Aug 12, 2021	Dec 23, 2021	Feb 10, 2022	May 12, 2022	Aug 10, 2022	Dec 16, 2022	Feb 14, 2023	May 18, 2023	Aug 14, 2023	Dec 20, 2023	Feb 14, 2024	May 10, 2024	Aug 14, 2024	Feb 13, 2025	May 14, 2025	Aug 14, 2025	Dec 11, 2025	Feb 13, 2026	May 14, 2026	Aug 12, 2026	Dec 10, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-0.20	0.20	0.30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.03	0.04	0.02
EPS Actual	-0.38	0.06	0.12	0.79	0.01	-0.06	0.63	0.07	-0.52	0.20	0.10	0.40	0.96	0.32	0.30	0.80	0.30	0.76	0.52	1.40	2.05	2.71	3.28	4.40	0.97	0.08	0.36	0.52	0.47	-0.04	-0.36	-0.80	-0.37	-0.45	-0.14	-0.17	-0.26	-1.33	-0.08	-0.09	-0.24	-0.14	0.02	-1.76	0.02	-0.69	-0.84	-2.08	-1.87	-1.91	-4.08	-4.03	0.17	0.18	-0.66	0.37	-0.43	-0.03	-1.10	-2.34	-0.81	0.59	0.28	0.17	0.09	0.17	-0.03	0.06	0.01	0.01	0.10	0.02	0.02	-0.06	-0.12	-0.01	-0.19	-0.01	-0.14	-0.02	-0.01	0.12	0.08	0.02	-0.01	0.02	-0.04	-0.04	-0.08	-0.04	-0.09	-0.53	-1.89	-0.35	-0.05	-0.36	-0.64	-1.65	-2.17	-6.88	-5.91	0.03	-2.17	-
Surprise	-	-	-	-	-	-	-	-	-	200.00%	-50.00%	33.33%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	-5525.00%	-
Timing	-	-	-	-	-	-	-	-	-	After-hours	After-hours	After-hours	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	After-hours	After-hours	-

Key Statistics & Ratios

Market Cap434.84M

Enterprise Value540.07M

Trailing P/E0.00

Forward P/E44.44

PEG Ratio2.53

Price / Sales8.19

Price / Book0.92

EPS-30.27

Book Value6.42

Revenue (TTM)53.12M

Gross Profit (TTM)37.48M

EBITDA10.17M

Profit Margin0.00%

Operating Margin-6.75%

Return on Equity-461.37%

Return on Assets2.05%

Shares Outstanding76.29M

Shares Float61.30M

Beta0.90

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 3 analystsTarget 11.83

Strong Buy
3

Ownership Breakdown

Institutions: 42.70%
Insiders: 30.72%
Retail / Other: 26.58%

Top Institutional Holders

Galaxy Digital Inc.
8.11M10.63%
J Digital 6 LLC
7.95M10.42%
BlackRock Inc
3.71M4.86%
Alyeska Investment Group, L.P.
3.25M4.26%
Vanguard Capital Management, LLC
2.68M3.52%
Geode Capital Management, LLC
1.94M2.55%
Ghisallo Capital Management LLC
1.01M1.32%
Long Corridor Asset Management Ltd
994.16K1.30%
State Street Corp
988.93K1.30%
Weiss Asset Management LP
904.58K1.19%
Polar Asset Management Partners
874.54K1.15%
Citadel Advisors Llc
785.78K1.03%
Northern Trust Corp
474.53K0.62%
Nuveen, LLC
446.25K0.58%
Vanguard Portfolio Management, LLC
415.42K0.54%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
1.95M2.56%
iShares Russell 2000 ETF
1.34M1.76%
R-co Thematic Blockchain Global Eq I EUR
874.69K1.15%
Fidelity Small Cap Index
696.64K0.91%
iShares Russell 2000 Value ETF
487.88K0.64%

Stock Splits

Jun 18, 20241:10
Dec 24, 19971:2
Feb 1, 19962:1