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
#33 of 35
Financials
What the data says
Among 35 Financials companies, Forward Industries, Inc. is in the top 6% for cost of revenue. Cost of Revenue has declined for 4 consecutive years, from $31M in FY2021 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
- -23.8%
- 5-Year CAGR
- -14.1%
- 10-Year CAGR
- -
Sector benchmark
Top 6% in FinancialsTop 6% of 35This 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 4 consecutive years.
- 5-year CAGR of -14.1%, indicating a declining trend.
- In FY2025, cost of revenue decreased 12.2% year-over-year.
- Ranks #33 out of 35 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 | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $13.0M | -12.2% |
| FY2024 | $14.8M | -4.8% |
| FY2023 | $15.5M | -47.1% |
| FY2022 | $29.4M | -4.8% |
| FY2021 | $30.9M | +10.9% |
| FY2020 | $27.8M | -9.7% |
| FY2019 | $30.8M | +10.4% |
| FY2018 | $27.9M | +35.8% |
| FY2017 | $20.6M | -8.2% |
| FY2016 | $22.4M | -7.5% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026