# Forward Industries, Inc.: overview FWDI · Nasdaq · CIK 38264 · [Financials](/sectors/financials.md) · fiscal year ends Sep 30 Pages: [Overview](/companies/fwdi.md) · [Financials](/companies/fwdi/financials.md) · [Filings](/companies/fwdi/filings.md) · [Insiders](/companies/fwdi/insiders.md) Latest reported revenue: [$10.8m](/filings/0001683168-26-006270.md) for Q3 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 12, 2026 (XBRL us-gaap:Revenues, accession 0001683168-26-006270). ## Last eight quarters | Line item | Unit | Q4 FY2024 (2024-09-30) | Q1 FY2025 (2024-12-31) | Q2 FY2025 (2025-03-31) | Q3 FY2025 (2025-06-30) | Q4 FY2025 (2025-09-30) | Q1 FY2026 (2025-12-31) | Q2 FY2026 (2026-03-31) | Q3 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [4.7 d](/filings/0001683168-25-009068.md) | [4.6](/filings/0001683168-26-000960.md) | [3.1](/filings/0001683168-26-003917.md) | [2.5](/filings/0001683168-26-006270.md) | [7.9 d](/filings/0001683168-25-009068.md) | [21.4](/filings/0001683168-26-000960.md) | [13.0](/filings/0001683168-26-003917.md) | [10.8](/filings/0001683168-26-006270.md) | | Gross margin | % | [23.3% d](/filings/0001683168-25-009068.md) | [24.5%](/filings/0001683168-26-000960.md) | [(5.7%)](/filings/0001683168-26-003917.md) | [(24.9%)](/filings/0001683168-26-006270.md) | [61.1% d](/filings/0001683168-25-009068.md) | [78.6%](/filings/0001683168-26-000960.md) | [70.0%](/filings/0001683168-26-003917.md) | [62.2%](/filings/0001683168-26-006270.md) | | Operating margin | % | [(14.9%) d](/filings/0001683168-25-009068.md) | [(19.4%)](/filings/0001683168-26-000960.md) | [(58.3%)](/filings/0001683168-26-003917.md) | [(102.6%)](/filings/0001683168-26-006270.md) | [(39.2%) d](/filings/0001683168-25-009068.md) | [(2722.8%)](/filings/0001683168-26-000960.md) | [(2191.9%)](/filings/0001683168-26-003917.md) | [(651.8%)](/filings/0001683168-26-006270.md) | | Net margin | % | [(13.6%) d](/filings/0001683168-25-009068.md) | [(15.3%)](/filings/0001683168-26-006270.md) | [(46.5%)](/filings/0001683168-26-006270.md) | [(34.1%)](/filings/0001683168-26-006270.md) | [(2063.6%) d](/filings/0001683168-25-009068.md) | [(2732.2%)](/filings/0001683168-26-006270.md) | [(2184.1%)](/filings/0001683168-26-006270.md) | [(639.7%)](/filings/0001683168-26-006270.md) | | Diluted EPS | $ per share | not reported | [(0.64)](/filings/0001683168-26-000960.md) | [(1.32)](/filings/0001683168-26-003917.md) | [(0.77)](/filings/0001683168-26-006270.md) | not reported | [(5.91)](/filings/0001683168-26-000960.md) | [(2.98)](/filings/0001683168-26-003917.md) | [(0.80)](/filings/0001683168-26-006270.md) | | Free cash flow | $m | [0.5 d](/filings/0001683168-25-009068.md) | [(0.4)](/filings/0001683168-26-000960.md) | [(0.5) d](/filings/0001683168-26-003917.md) | [(1.2) d](/filings/0001683168-26-006270.md) | [(2.3) d](/filings/0001683168-25-009068.md) | [(7.9)](/filings/0001683168-26-000960.md) | [(4.8) d](/filings/0001683168-26-003917.md) | [(3.4) d](/filings/0001683168-26-006270.md) | - Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-09-30) | FY2022 (2022-09-30) | FY2023 (2023-09-30) | FY2024 (2024-09-30) | FY2025 (2025-09-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [39.0](/filings/0001683168-22-008471.md) | [38.2](/filings/0001683168-23-009026.md) | [36.7](/filings/0001683168-24-009011.md) | [20.0](/filings/0001683168-25-009068.md) | [18.2](/filings/0001683168-25-009068.md) | | Gross margin | % | [20.8%](/filings/0001683168-22-008471.md) | [23.0%](/filings/0001683168-23-009026.md) | [22.8%](/filings/0001683168-24-009011.md) | [25.9%](/filings/0001683168-25-009068.md) | [28.5%](/filings/0001683168-25-009068.md) | | Operating margin | % | [(2.0%)](/filings/0001683168-22-008471.md) | [1.5%](/filings/0001683168-23-009026.md) | [0.4%](/filings/0001683168-24-009011.md) | [(10.8%)](/filings/0001683168-25-009068.md) | [(46.1%)](/filings/0001683168-25-009068.md) | | Net margin | % | [1.3%](/filings/0001683168-22-008471.md) | [(3.6%)](/filings/0001683168-23-009026.md) | [(10.2%)](/filings/0001683168-24-009011.md) | [(9.8%)](/filings/0001683168-25-009068.md) | [(918.1%)](/filings/0001683168-25-009068.md) | | Diluted EPS | $ per share | [0.05](/filings/0001683168-22-008471.md) | [(0.14)](/filings/0001683168-23-009026.md) | [(3.39)](/filings/0001683168-24-009011.md) | [(1.77)](/filings/0001683168-25-009068.md) | [(24.59)](/filings/0001683168-25-009068.md) | | Free cash flow | $m | [(0.6)](/filings/0001683168-22-008471.md) | [1.4](/filings/0001683168-23-009026.md) | [0.9](/filings/0001683168-24-009011.md) | [0.5](/filings/0001683168-25-009068.md) | [(4.5)](/filings/0001683168-25-009068.md) | - Revenue. XBRL Revenue: us-gaap:Revenues. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/fwdi/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [Galaxy Digital Inc.](/funds/1859392.md) | 2026-06-30 | $34.2m | 8,108,108 | | Unchanged | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $15.7m | 3,710,811 | | Added +3,498,852 | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $14.3m | 1,943,824 | | Added +868,896 | | [Alyeska Investment Group, L.P.](/funds/1453072.md) | 2026-06-30 | $13.7m | 3,250,161 | | Unchanged | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $11.3m | 2,682,734 | | Added +1,942,085 | | [Ghisallo Capital Management LLC](/funds/1825214.md) | 2026-06-30 | $4.2m | 1,006,882 | | Unchanged | | [Long Corridor Asset Management Ltd](/funds/1845501.md) | 2026-06-30 | $4.2m | 994,164 | | Unchanged | | [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $4.2m | 988,926 | | Added +671,735 | | [Weiss Asset Management LP](/funds/1357550.md) | 2026-06-30 | $3.8m | 904,581 | | New +904,581 | | [Polar Asset Management Partners Inc.](/funds/1326389.md) | 2026-06-30 | $3.7m | 874,537 | | Reduced −71,409 | ## Recent filings [All 762 filings](/companies/fwdi/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-10-01 | 21:30 ET | [8-K](/filings/0001683168-26-007543.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001683168-26-007543 | | 2026-09-24 | 20:05 ET | [8-K](/filings/0001683168-26-007389.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001683168-26-007389 | | 2026-09-15 | 20:59 ET | [8-K](/filings/0001683168-26-007172.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001683168-26-007172 | | 2026-08-12 | 20:15 ET | [8-K](/filings/0001683168-26-006277.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001683168-26-006277 | | 2026-08-12 | 20:02 ET | [10-Q](/filings/0001683168-26-006270.md) | Quarterly report, period 2026-06-30 | 0001683168-26-006270 | | 2026-07-20 | 21:52 ET | [8-K](/filings/0001683168-26-005625.md) | 5.02 Departure or appointment of officers or directors | 0001683168-26-005625 | | 2026-06-16 | 12:00 ET | [8-K](/filings/0001683168-26-004852.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001683168-26-004852 | | 2026-06-16 | 00:52 ET | [8-K](/filings/0001683168-26-004847.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001683168-26-004847 | | 2026-06-10 | 01:52 ET | [8-K](/filings/0001683168-26-004672.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001683168-26-004672 | | 2026-05-14 | 20:07 ET | [10-Q](/filings/0001683168-26-003917.md) | Quarterly report, period 2026-03-31 | 0001683168-26-003917 | ## Latest annual report [Form 10-K for the fiscal year ended Sep 30, 2025](/filings/0001683168-25-009068.md), filed Dec 11, 2025. ## Forecast league Q4 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/a152da54-97eb-46b6-8185-2f0760853096) ## About the filer - CIK: 38264 - Tickers: FWDI - Exchange: Nasdaq - SIC code: 6199 Finance Services - State of incorporation: TX - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:18 ET. No prices; not investment advice.