Company / Operating Income
Forward Industries, Inc. Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
-$8.4M
FY2025
5-year range
-$8.4M / $588.5K
FY2021-FY2025
Trend
-290.1%
vs FY2024
Sector context
#99 of 109
Financials
What the data says
Operating Income changed -290% YoY in FY2025, a notable deviation from the 9-year average annual change of -320%.
Based on SEC 10-K filings.
-$8M in FY2025.
Declined from $159,658 to -$8M over the past 2 years.
Financials sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 9% in FinancialsTop 91% of 109This company -$8.4M Sector average $1.2B
▼
-100.7% below sector average
Key checks
Key Insights
- Forward Industries, Inc.'s operating income has declined for 3 consecutive years.
- In FY2025, operating income decreased 290.1% year-over-year.
- Ranks #99 out of 109 companies in the Financials sector.
- Peak operating income was recorded in FY2016.
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 | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$8.4M | -290.1% |
| FY2024 | -$2.2M | -1447.3% |
| FY2023 | $159.7K | -72.9% |
| FY2022 | $588.5K | +176.9% |
| FY2021 | -$765.0K | +61.4% |
| FY2020 | -$2.0M | +36.0% |
| FY2019 | -$3.1M | -1288.3% |
| FY2018 | $260.7K | -56.4% |
| FY2017 | $598.5K | -3.0% |
| FY2016 | $617.0K | +140.8% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026