Forward Industries, Inc. Income Statement
FWDI / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Forward Industries, Inc. reported $18M in revenue and $167M in net loss for FY2025. Revenue has grown at a 61.2% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.2M | $20.0M | $36.7M | $38.2M | $39.0M | $34.5M | $37.4M | $34.5M | $24.8M | $27.5M | $30.0M | $33.4M | $30.9M | $29.4M | $22.8K |
| Cost of Revenue | $13.0M | $14.8M | $15.5M | $29.4M | $30.9M | $27.8M | $30.8M | $27.9M | $20.6M | $22.4M | $24.2M | $26.8M | $24.5M | $25.5M | $17.7M |
| Gross Profit | $5.2M | $5.2M | $8.4M | $8.8M | $8.1M | $6.6M | $6.6M | $6.6M | $4.2M | $5.1M | $5.8M | $6.6M | $6.4M | $3.9M | $5.1M |
| SG&A Expense | $9.6M | $6.4M | $6.5M | $6.7M | $6.4M | $5.7M | $7.7M | $4.5M | $2.1M | $2.6M | $4.9M | $3.8M | $3.5M | $5.6M | $4.6M |
| Operating Income | -$8.4M | -$2.2M | $159.7K | $588.5K | -$765.0K | -$2.0M | -$3.1M | $260.7K | $598.5K | $617.0K | -$1.5M | -$98.7K | $705.8K | -$3.3M | -$2.1M |
| Interest Expense | $49.1K | $62.7K | $104.2K | $123.4K | $172.0K | $175.0K | $201.0K | $115.4K | $0 | - | - | - | - | - | - |
| Income Tax | $20.4K | $22.9K | $20.0K | $2.6K | $0 | $9.2K | -$4.2K | -$747.0K | $0 | $0 | $0 | $0 | $507 | $15.1K | -$56.0K |
| Net Income | -$167.0M | -$2.0M | -$3.7M | -$1.4M | $523.8K | -$1.8M | -$3.6M | $1.4M | $579.3K | $606.6K | -$1.4M | -$799.9K | -$206.9K | -$9.6M | -$2.9M |
| EPS (Basic) | -$24.59 | -$1.77 | -$3.39 | -$0.14 | $0.05 | -$0.19 | -$0.38 | $0.15 | $0.07 | $0.07 | -$0.23 | -$0.12 | -$0.09 | -$1.19 | -$0.36 |
| EPS (Diluted) | -$24.59 | -$1.77 | -$3.39 | -$0.14 | $0.05 | -$0.19 | -$0.38 | $0.15 | $0.07 | $0.07 | -$0.23 | -$0.12 | -$0.09 | -$1.19 | -$0.36 |
| Shares Outstanding | 6.8M | 1.1M | 1.1M | 10.2M | 10.4M | 9.6M | 9.5M | 9.4M | 8.8M | 8.7M | 8.3M | 8.2M | 8.1M | 8.1M | 8.1M |
| Gross Margin | 28.5% | 25.9% | 22.8% | 23.0% | 20.8% | 19.3% | 17.6% | 19.0% | 16.9% | 18.5% | 19.3% | 19.6% | 20.6% | 13.2% | - |
| Operating Margin | -46.1% | -10.8% | 0.4% | 1.5% | -2.0% | -5.7% | -8.3% | 0.8% | 2.4% | 2.2% | -5.0% | -0.3% | 2.3% | -11.1% | - |
| Profit Margin | - | -9.8% | -10.2% | -3.6% | 1.3% | -5.1% | -9.6% | 4.0% | 2.3% | 2.2% | -4.8% | -2.4% | -0.7% | -32.8% | - |