Forward Industries, Inc. (FWDI) — Financial statements
Income statement, balance sheet, and cash flow for Forward Industries, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 18↓39.8% | 30↓17.7% | 37↓13.3% | 42↑8.5% | 39 | |
| Cost of Revenue | 13↓44.9% | 24↓15.3% | 28↓16.6% | 34↑10.0% | 31 | |
| Gross Profit | 5↓19.8% | 6↓25.8% | 8↓0.0% | 8↑2.9% | 8 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 10↑47.4% | 7↓0.4% | 7↓3.1% | 7↑5.6% | 6 | |
| Selling & Marketing Expenses | 1↓27.8% | 1↓14.4% | 2↓41.7% | 3↑14.0% | 3 | |
| SG&A Expenses | 11↑33.9% | 8↓3.2% | 8↓14.6% | 10↑8.0% | 9 | |
| Other Expenses | 0.71↑255.1% | 0.20 | 0.00↑100.0% | -0.01↓176.0% | -0.00 | |
| Operating Expenses | 11↑39.3% | 8↓0.8% | 8↓14.6% | 10↑8.0% | 9 | |
| Total Costs & Expenses | 25↓23.6% | 32↓12.0% | 37↓16.2% | 44↑9.5% | 40 | |
| Operating Results | ||||||
| Operating Income | -6↓229.4% | -2↓1310.4% | 0.16↑112.9% | -1↓62.0% | -0.77 | |
| Depreciation & Amortization | 0.33↓0.1% | 0.33↑5.3% | 0.32↑2.2% | 0.31↓5.5% | 0.33 | |
| EBITDA | -6↓294.6% | -2↓355.4% | 0.60↓33.3% | 0.90↓12.3% | 1 | |
| EBIT | -6↓241.9% | -2↓758.2% | 0.28↓50.9% | 0.58↓17.2% | 0.70 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.02↑32.9% | 0.02↑120.0% | -0.08↑34.4% | -0.12↓48.3% | -0.08 | |
| Interest Income | 0.07↓10.4% | 0.08↑240.1% | 0.02 | 0.00↓100.0% | 0.09 | |
| Interest Expense | 0.05↓21.6% | 0.06↓39.9% | 0.10↓15.6% | 0.12↓28.2% | 0.17 | |
| Non-Operating Income | 0.00↑100.0% | -0.07↑42.7% | -0.12↓1076.9% | 0.01↑100.9% | -1 | |
| Other Income / Expenses | -163↓2063542.8% | 0.01↓58.5% | 0.02↓98.9% | 2↑31.3% | 1 | |
| Income Before Tax | -169↓8684.6% | -2↓1177.2% | 0.18↓60.5% | 0.45↓13.6% | 0.52 | |
| Income Tax Expense | 0.02↓11.1% | 0.02↑14.7% | 0.02↑683.3% | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -169↓8582.2% | -2↓1327.5% | 0.16↓64.7% | 0.45↓14.1% | 0.52 | |
| Net Income from Discontinued Operations | 2↑69660.5% | -0.00↑99.9% | -4 | 0.00 | 0.00 | |
| Net Income | -167↓8461.7% | -2↑47.8% | -4↓171.1% | -1↓363.1% | 0.52 | |
| Bottom-Line Net Income | -167↓8460.2% | -2↑47.8% | -4↓171.1% | -1↓363.1% | 0.52 | |
| EPS (Basic) | -24.59↓1289.3% | -1.77↑52.2% | -3.70↓164.3% | -1.40↓366.2% | 0.53 | |
| EPS (Diluted) | -24.59↓1289.3% | -1.77↑52.2% | -3.70↓164.3% | -1.40↓378.9% | 0.50 | |
| Weighted Average Shares | 7↑516.8% | 1↑9.4% | 1↑0.0% | 1↑1.1% | 1.00 | |
| Weighted Average Diluted Shares | 7↑516.8% | 1↑9.4% | 1↑0.0% | 1↓3.7% | 1 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.