Company / SG&A Expense
Forward Industries, Inc. SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$9.6M
FY2025
5-year range
$6.4M / $9.6M
FY2021-FY2025
Trend
+50.9%
vs FY2024
Sector context
#126 of 130
Financials
What the data says
Among 130 Financials companies, Forward Industries, Inc. is in the top 3% for sg&a expense. SG&A Expense returned to growth in FY2025 after 2 years of decline, reaching $10M.
Based on SEC 10-K filings.
$10M in FY2025 with a 5-year CAGR of +11.2%.
Increased from $7M to $10M over the past 2 years.
Financials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +12.6%
- 5-Year CAGR
- +11.2%
- 10-Year CAGR
- -
Sector benchmark
Top 3% in FinancialsTop 3% of 130This company $9.6M Sector average $898.9M
▼
-98.9% below sector average
Key checks
Key Insights
- 5-year CAGR of +11.2%, indicating consistent growth.
- In FY2025, sg&a expense increased 50.9% year-over-year.
- Ranks #126 out of 130 companies in the Financials sector.
- Lowest sg&a expense in the period was in FY2017.
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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $9.6M | +50.9% |
| FY2024 | $6.4M | -2.7% |
| FY2023 | $6.5M | -2.9% |
| FY2022 | $6.7M | +5.3% |
| FY2021 | $6.4M | +13.1% |
| FY2020 | $5.7M | -26.7% |
| FY2019 | $7.7M | +70.4% |
| FY2018 | $4.5M | +116.5% |
| FY2017 | $2.1M | -18.7% |
| FY2016 | $2.6M | -48.0% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026