Economic Atlas
Companies/Forward Industries, Inc.
Company profile

Forward Industries, Inc.

NASDAQ: FWDI · Consumer Cyclical · Personal Products & Services
PublicHQ Hauppauge, NY · SuffolkCIK 0000038264Reports USD
#454 of 625 Consumer Cyclical companies by revenuebottom-decile growth
EA Score
35D
Revenue TTM
$44.8M
Rev growth YoY (TTM)
+95.3%
Net income (FY)
-$167.0M
Employees
60
as of 2026-08-12
Market cap
$315.7M
as of 2026-08-12

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
FY18
FY19
FY20
FY21
FY22
FY24
FY24
FY25

Revenue by segment

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

What is Forward Industries, Inc.’s revenue?

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
Online Vacation Center Holdings Corp.59CTruGolf Holdings, Inc.13DBanneker, Inc.——Infusion Brands International, Inc.——Cenntro Electric Group Limited25DSolid Power, Inc.38D
Neighbors
Suffolk →
Henry Schein, Inc.$13.2B77B+MSC Industrial Direct Co., Inc.$3.8B74BDime Community Bancshares, Inc.$19.9M57CADI Global Distribution Inc.——Napco Security Technologies, Inc.$181.6M78B+Range Capital Acquisition Corp II Class A Ordinary Shares——
Key facts
CEOMichael D. Pruitt
SectorConsumer Cyclical
IndustryPersonal Products & Services
HeadquartersHauppauge, NY
ExchangeNASDAQ: FWDI
Employees60
IPO date1994-11-17
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.