Forward Industries (FWDI)
Operates a Solana-focused digital-asset treasury alongside hardware and software design services.
$8.52
After hours−0.07 (−0.80%)
At close$8.59(+5.14%)
In millions of USD, except per-share figures
| In millions | Q4 FY23Sep 2023 | Q1 FY24Dec 2023 | Q2 FY24Mar 2024 | Q3 FY24Jun 2024 | Q4 FY24Sep 2024 | Q1 FY25Dec 2024 | Q2 FY25Mar 2025 | Q3 FY25Jun 2025 | Q4 FY25Sep 2025 | Q1 FY26Dec 2025 | Q2 FY26Mar 2026 | Q3 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 7 | 5 | 8 | 7 | 5 | 3 | 2 | 8 | 21 | 13 | 11 |
| Cost of revenue | 2 | 6 | 4 | 6 | 6 | 3 | 3 | 3 | 3 | 5 | 4 | 4 |
| Gross profit | 3 | 2 | 1 | 2 | 1 | 1 | 0 | −1 | 5 | 17 | 9 | 7 |
| 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 6 | 7 | 7 | 77 | |
| 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 5 | 4 | 4 | 2 | |
| Selling & marketing | −1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| General & administrative | 2 | 2 | 2 | 2 | 1 | 2 | 1 | 2 | 5 | 3 | 4 | 1 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 2 | 75 |
| Operating income | 2 | 0 | −1 | 0 | −1 | −1 | −2 | −3 | −1 | 10 | 2 | −70 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −163 | −593 | −286 | 0 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Other non-operating income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 163 | 0 | 286 | 0 |
| Income before tax | 2 | 0 | −1 | 0 | −1 | −1 | −2 | −2 | −164 | −583 | −284 | −71 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | −1 | −2 |
| Net income from continuing operations | 2 | 0 | −1 | 0 | −1 | −1 | −2 | −2 | −164 | −586 | −283 | −69 |
| Discontinued operations | −2 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| Other adjustments | −2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −2 | 0 | −1 | 0 | −1 | −1 | −1 | −1 | −164 | −586 | −283 | −69 |
| EPS, basic | −$0.19 | −$0.04 | −$0.06 | −$0.04 | −$0.06 | −$0.06 | −$0.13 | −$0.08 | −$2.19 | −$5.91 | −$2.98 | −$0.80 |
| EPS, diluted | −$0.19 | −$0.04 | −$0.06 | −$0.04 | −$0.06 | −$0.06 | −$0.13 | −$0.08 | −$2.19 | −$5.91 | −$2.98 | −$0.80 |
| Weighted average shares, basic | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 68 | 99 | 95 | 87 |
| Weighted average shares, diluted | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 68 | 99 | 95 | 87 |
| EBITDA | 2 | 0 | −1 | 0 | −1 | −1 | −2 | −2 | −164 | 10 | −284 | −71 |
| Depreciation & amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | 2 | 0 | −1 | 0 | −1 | −1 | −2 | −2 | −164 | 10 | −284 | −71 |
