Company / Revenue
Forward Industries, Inc. Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Revenue
$18.2M
FY2025
5-year range
$18.2M / $39.0M
FY2021-FY2025
Trend
-9.0%
vs FY2024
Sector context
#263 of 269
Financials
What the data says
Among 269 Financials companies, Forward Industries, Inc. is in the bottom 2% for revenue. Revenue has declined for 4 consecutive years, from $39M in FY2021 to $18M in FY2025.
Based on SEC 10-K filings.
$18M in FY2025 with a 5-year CAGR of -12.0%.
Declined from $37M to $18M over the past 2 years.
Financials sector context is included.
Revenue over time
Growth rates
- 3-Year CAGR
- -21.9%
- 5-Year CAGR
- -12.0%
- 10-Year CAGR
- -
Sector benchmark
Bottom 2% in FinancialsTop 98% of 269This company $18.2M Sector average $11.2B
▼
-99.8% below sector average
Key checks
Key Insights
- Forward Industries, Inc.'s revenue has declined for 4 consecutive years.
- 5-year CAGR of -12.0%, indicating a declining trend.
- In FY2025, revenue decreased 9.0% year-over-year.
- Ranks #263 out of 269 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 | RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $18.2M | -9.0% |
| FY2024 | $20.0M | -45.5% |
| FY2023 | $36.7M | -4.0% |
| FY2022 | $38.2M | -2.1% |
| FY2021 | $39.0M | +13.2% |
| FY2020 | $34.5M | -7.8% |
| FY2019 | $37.4M | +8.4% |
| FY2018 | $34.5M | +39.3% |
| FY2017 | $24.8M | -9.9% |
| FY2016 | $27.5M | -8.4% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026