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Companies/Forward Industries, Inc.
Company profile

Forward Industries, Inc.

NASDAQ: FWDI · Consumer Cyclical · Personal Products & Services
PublicHQ Hauppauge, NY · SuffolkCIK 0000038264Reports USD
#444 of 624 Consumer Cyclical companies by revenuebottom-decile growth
EA Score
35D
FH 31DQ 43GM 24SS 54
v0.1 · 65/100 weight · provisional
↑ balance-sheet leverage, listing tenure · ↓ Piotroski F, net margin
Methodology →
Revenue TTM
$44.8M
Rev growth YoY (TTM)
+95.3%
Net income (FY)
-$167.0M
Employees
60
Market cap
$354.8M
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$18.2M$18.2M2025
Net income-$167.0M-$167.0M2025
Operating income-$8.4M-$8.4M2025
Total assets$1.5B$1.5B2025
Liabilities$4.8M$4.8M2025
Equity$1.5B$1.5B2025

Revenue trend

FY2018 – FY2025 · USD
$34.5M
FY18
$37.4M
FY19
$34.5M
FY20
$39.0M
FY21
$42.3M
FY22
$36.1M
FY24
$29.6M
FY24
$18.2M
FY25

Revenue by segment

Filed disclosures · FY2024
By product
Design66%
OEM Distribution34%
By geography
UNITED STATES78%
POLAND9%
Other Foreign Countries7%
GERMANY4%
CHINA1%
The read

Forward Industries, Inc. booked $18.2M in FY2025 revenue, contracting 39% year over year — among the slowest-growing Consumer Cyclical companies we track, at a -918.1% net margin.

Peers · Consumer Cyclical
AutoCanada Inc.45DPortillo's Inc.52DSeaport Entertainment Group Inc.34DGenesco Inc.58C
Neighbors
Suffolk →
Henry Schein, Inc.$13.2B77B+MSC Industrial Direct Co., Inc.$3.8B74BDime Community Bancshares, Inc.$19.9M56CNapco Security Technologies, Inc.$181.6M78B+Range Capital Acquisition Corp II Class A Ordinary Shares——AmpliTech Group, Inc.$25.2M49D
Key facts
CEOMichael D. Pruitt
SectorConsumer Cyclical
IndustryPersonal Products & Services
HeadquartersHauppauge, NY
ExchangeNASDAQ: FWDI
Employees60
IPO date1994-11-17
Latest filings
8-K2026-06-168-K2026-06-168-K2026-06-1010-Q2026-05-148-K2026-04-178-K2026-04-088-K2026-03-198-K2026-03-13
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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