Company / Accounts Receivable
Forward Industries, Inc. Accounts Receivable History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Accounts Receivable
$1.6M
FY2025
5-year range
$1.6M / $8.8M
FY2021-FY2025
Trend
-29.2%
vs FY2024
Sector context
#88 of 93
Financials
What the data says
Among 93 Financials companies, Forward Industries, Inc. is in the bottom 5% for accounts receivable. Accounts Receivable has declined for 4 consecutive years, from $9M in FY2021 to $2M in FY2025.
Based on SEC 10-K filings.
$2M in FY2025 with a 5-year CAGR of -26.5%.
Declined from $7M to $2M over the past 2 years.
Financials sector context is included.
Accounts Receivable over time
Growth rates
- 3-Year CAGR
- -39.9%
- 5-Year CAGR
- -26.5%
- 10-Year CAGR
- -
Sector benchmark
Bottom 5% in FinancialsTop 95% of 93This company $1.6M Sector average $1.0B
▼
-99.8% below sector average
Key checks
Key Insights
- Forward Industries, Inc.'s accounts receivable has declined for 4 consecutive years.
- 5-year CAGR of -26.5%, indicating a declining trend.
- In FY2025, accounts receivable decreased 29.2% year-over-year.
- Ranks #88 out of 93 companies in the Financials sector.
Company context
Key Data Points
- Altman Z-Score 128.18 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Accounts ReceivableValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.6M | -29.2% |
| FY2024 | $2.3M | -66.9% |
| FY2023 | $7.0M | -7.6% |
| FY2022 | $7.5M | -13.9% |
| FY2021 | $8.8M | +15.2% |
| FY2020 | $7.6M | +13.6% |
| FY2019 | $6.7M | -25.8% |
| FY2018 | $9.0M | +45.1% |
| FY2017 | $6.2M | +27.8% |
| FY2016 | $4.9M | -10.8% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026