Company / Cost of Revenue
Forward Industries, Inc. Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$13.0M
FY2025
5-year range
$13.0M / $30.9M
FY2021-FY2025
Trend
-12.2%
vs FY2024
Sector context
#37 of 38
Financials
What the data says
Among 38 Financials companies, Forward Industries, Inc. is in the top 3% for cost of revenue. Cost of Revenue has declined for 3 consecutive years, from $31M in FY2022 to $13M in FY2025.
Based on SEC 10-K filings.
$13M in FY2025 with a 5-year CAGR of -14.1%.
Improved from $16M to $13M over the past 2 years.
Financials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- -25.1%
- 5-Year CAGR
- -14.1%
- 10-Year CAGR
- -
Sector benchmark
Top 3% in FinancialsTop 3% of 38This company $13.0M Sector average $1.3B
▼
-99.0% below sector average
Key checks
Key Insights
- Forward Industries, Inc.'s cost of revenue has declined for 3 consecutive years.
- 5-year CAGR of -14.1%, indicating a declining trend.
- In FY2025, cost of revenue decreased 12.2% year-over-year.
- Ranks #37 out of 38 companies in the Financials sector.
Company context
Key Data Points
- Altman Z-Score 128.07 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $13.0M | -12.2% |
| FY2024 | $14.8M | -4.8% |
| FY2023 | $15.5M | -49.7% |
| FY2022 | $30.9M | +10.9% |
| FY2021 | $27.8M | +0.0% |
| FY2020 | $27.8M | -9.7% |
| FY2019 | $30.8M | +10.4% |
| FY2018 | $27.9M | +35.8% |
| FY2017 | $20.6M | -15.1% |
| FY2016 | $24.2M | -9.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026