Company / Working Capital
Forward Industries, Inc. Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$38.5M
FY2025
5-year range
$277.8K / $38.5M
FY2021-FY2025
Trend
+13757.4%
vs FY2024
Sector context
#50 of 69
Financials
What the data says
Working Capital changed +13757% YoY in FY2025, a notable deviation from the 9-year average annual change of +1511%.
Based on SEC 10-K filings.
$38M in FY2025 with a 5-year CAGR of +62.5%.
Improved from $534,120 to $38M over the past 2 years.
Financials sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- +106.7%
- 5-Year CAGR
- +62.5%
- 10-Year CAGR
- -
Sector benchmark
#50 of 69 in FinancialsTop 72% of 69This company $38.5M Sector average $1.3B
▼
-97.1% below sector average
Key checks
Key Insights
- 5-year CAGR of +62.5%, indicating consistent growth.
- In FY2025, working capital increased 13757.4% year-over-year.
- Ranks #50 out of 69 companies in the Financials sector.
- Lowest working capital in the period was in FY2024.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $38.5M | +13757.4% |
| FY2024 | $277.8K | -48.0% |
| FY2023 | $534.1K | -87.7% |
| FY2022 | $4.4M | -22.0% |
| FY2021 | $5.6M | +64.5% |
| FY2020 | $3.4M | -4.1% |
| FY2019 | $3.5M | -53.3% |
| FY2018 | $7.6M | -15.1% |
| FY2017 | $8.9M | +9.4% |
| FY2016 | $8.2M | +11.5% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026