Forward Industries, Inc.
Company Stats
- Market Cap
- $576.0M
- as of Sep 30, 2026
- Shares Outstanding
- 73.8M
- Free Float
- 52.6%
Income Statement
- Revenue
- $18.2M
- Operating Income
- -$8.4M
- Net Income
- -$167.0M
- EBITDA
- -$8.1M
- Revenue Growth, 3Y
- -21.9%
- FCF Margin, 3Y Avg
- -7.0%
- FCF Margin, Worst Year
- -24.9%
Cash Flow
- Free Cash Flow
- -$4.5M
- FCF Yield
- -0.8%
- Owner FCF Yield
- -1.3%
Returns & Capital
- SBC, 3Y Avg
- $1.0M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $18.2M | -$4.5M | -24.9% |
| FY2024 | $29.6M | $454,616 | 1.5% |
| FY2023 | $36.1M | $904,946 | 2.5% |
| FY2022 | $38.2M | $1.4M | 3.6% |
| FY2021 | $39.0M | -$595,518 | -1.5% |
Annual filing data through FY ended September 30, 2025; shares and float as of October 16, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges