Accessibility Menu
Forward Industries logo

Forward Industries(NASDAQ) FORD

Current PriceN/A
Market CapN/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1995)-90%
5 Year-85%
1 Year-60%
1 Month+6%
Forward Industries last closing stock price
MetricPriceDate
Last closeUSD 3.892026-07-24
Forward Industries stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.11%USD 4.022026-07-17
1 month+6.14%USD 3.672026-06-24
3 month-15.8%USD 4.622026-04-24
Year to date-41.15%USD 6.612025-12-31
1 year-59.52%USD 9.612025-07-24
3 year-55.85%USD 8.812023-07-25
5 year-84.92%USD 25.802021-07-23
Since inception-90.28%USD 40.001995-06-15

Forward Industries Financials at a Glance

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$44.84M

Net Income (TTM)

-$1.03B

EPS (TTM)

N/A

P/E Ratio

N/A

Dividend

N/A

Beta (Volatility)

N/A

Price

N/A

Volume

N/A

Open

N/A

Previous Close

N/A

Daily Range

N/A

52-Week Range

N/A

Estimated Earnings Date

Dec 26, 2025

FORD News

Ford Increases Its Presence in China

Brendan ByrnesAug 28, 2012

Motley Fool Moneyball Superscore

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

About Forward Industries

Forward Industries helps businesses design and build tech products. It also manages a large treasury of Solana digital assets. The company recently stopped selling protective cases for medical devices.

The Digital and Design Portfolio

  • Digital Assets: Earns rewards by staking Solana tokens on the digital network; accounts for 81% of revenue.
  • Engineering Design: Provides hardware and software engineering services for U.S. customers; accounts for 19% of revenue.
  • Liquid Staking: Offers fwdSOL tokens that allow the company to earn rewards while keeping assets flexible.
  • Validator Infrastructure: Operates computer systems that confirm network transactions to generate additional digital income.

Strategic Shifts and New Partners

  • Sold the original equipment manufacturer distribution business to Forward China in May 2025.
  • Launched a new digital asset treasury strategy in September 2025 to acquire and hold Solana.
  • Hired Galaxy Digital LP in 2025 to provide operational and treasury management services.
  • Partnered with Socean Labs Inc. to develop a custom liquid staking token called fwdSOL.
  • Started a program with Superstate Services LLC in 2025 to turn common stock into digital tokens.

What Sets the Strategy Apart

Forward uses a proprietary validator to earn rewards directly from the Solana blockchain. It also uses liquid staking tokens to keep its digital assets active in other markets.

The Financial Record

  • Revenue reached $21.4 million in Q1 2026, up 364% from Q1 2025.
  • Gross profit grew to $16.8 million in Q1 2026, up from $1.1 million a year earlier.
  • Net loss deepened to $585.7 million in Q1 2026, from $708,065 in Q1 2025.
  • Digital asset losses hit $560.2 million in Q1 2026 as Solana market prices fell.

Bottom Line

Forward has transformed from a traditional accessories distributor into a technology-focused digital asset operator. Its reliance on the Solana ecosystem connects its financial future closely to the volatility of digital markets.

AI Generated • May 7, 2026

Industry

Electronic Equipment, Instruments and Components

Sector

Information Technology

Employees

60

CEO

Michael D. Pruitt

Website

www.forwardindustries.com

Headquarters

Hauppauge, NY 11788, US

FORD Financials

Key Financial Metrics (TTM)

Gross Margin

67.26%

Operating Margin

18.26%

Net Income Margin

-2305.15%

Return on Equity

-142.27%

Return on Capital

-0.57%

Return on Assets

-169.85%

Earnings Yield

N/A

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

N/A

Volume

N/A

Avg. Volume

N/A

Financials (TTM)

Gross Profit

$30.16M

Operating Income

-$874.41M

EBITDA

-$166.11M

Operating Cash Flow

-$16.26M

Capital Expenditure

-$22.29K

Free Cash Flow

-$16.28M

Cash & ST Invst.

$16.63M

Total Debt

$2.96M

Forward Industries Performance Analysis

Forward Industries annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-09-30USD 38,206,958-2.1%
20232023-09-30USD 36,688,307-4.0%
20242024-09-30USD 19,990,833-45.5%
20252025-09-30USD 18,187,525-9.0%
Forward Industries sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-06-30-20.1%
Q42025-09-30218.5%
Q12025-12-31169.8%
Q22026-03-31-39.5%
Forward Industries annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-09-30USD -1.37N/A
20232023-09-30USD -3.71171.1%
20242024-09-30USD -1.77-52.3%
20252025-09-30USD -24.591288.2%
Forward Industries sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-06-3041.7%
Q42025-09-30-3035.1%
Q12025-12-3175.5%
Q22026-03-3149.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$12.96M

+315.0%

Gross Profit

$9.07M

+5174.8%

Gross Margin

69.99%

N/A

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

100

N/A

Net Income

-$283.08M

-19401.2%

EBITDA

$23.27K

+101.3%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$16.63M

+824.9%

Total Debt

$2.96M

-12.2%

Accounts Receivable

$2.42M

-8.7%

Inventory

$0.00

N/A

Long Term Debt

$2.48M

+7.5%

Short Term Debt

$481.21K

-54.7%

Return on Assets

-1.70%

N/A

Return on Invested Capital

1.48%

N/A

Free Cash Flow

-$4.80M

-919.7%

Operating Cash Flow

-$4.80M

-922.0%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
ARKRArk Restaurants Corp.
$5.82-2.02%
JBDIJBDI Holdings Limited
$1.07-9.32%
MGIHMillennium Group International Holdings Limited
$1.62+0.02%
MOGUMOGU Inc.
$2.03+7.98%

Trending Stocks

Symbol / CompanyPricePrice Chg
TSLLDirexion Shares ETF Trust - Direxion Daily Tsla Bull 2x Shares
$7.42-0.04%
ONDSOndas
$7.80-0.02%
SOFISoFi Technologies
$16.46-0.01%
TAT&T
$24.13+0.05%

Questions About FORD

What is the current price of Forward Industries?

Forward Industries is trading at N/A per share.

What is the 52-week range for Forward Industries?

Over the past 52 weeks, Forward Industries has traded between N/A and N/A.

How much debt does Forward Industries have?

As of the most recent reporting period, Forward Industries reported total debt of $52.99M.

How much cash does Forward Industries have on hand?

Forward Industries reported $16.63M in cash and cash equivalents in its most recent financial results.

What is Forward Industries’s dividend yield?

Forward Industries does not currently have a dividend yield.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services