Business
The Company provides hardware and software product design and engineering services to customers predominantly located in the U.S.
Forward Industries, Inc.: Revenue declined 9% to $18.19M from $19.99M. Net loss widened to $167M from $1.951M. Free cash flow turned into a $4.528M outflow from $455K. Operating margin contracted 3538 bps to -46.14%. Forward Industries, Inc.'s annual comparison also shows margins improved while free cash flow declined; stock compensation grew faster than revenue.
The read at a glance✓ Audited against SEC data
- Growth — Revenue declined 9% to $18.19M from $19.99MWatch
- Profitability — Net loss widened to $167M from $1.951MWatch
- Cash flow — Free cash flow turned into a $4.528M outflow from $455KWatch
- Margins — Operating margin contracted 3538 bps to -46.14%Watch
- Accounting — Prior going-concern doubt alleviatedWatch
- Insiders — 3 purchases and 0 salesOK
Where the revenue comes from
Fiscal 2025, as Forward Industries, Inc. reports it. History and quarterly detail are in the app.
- Design$13.6M
- Digital Assets$4.6M
Leadership changes
From Forward Industries, Inc.'s own filings, the day they're filed.
- Michael Ashe · Directors · appointmenteff. 2026-07-14
- Mark Brazier · Chief Financial Officer · appointmenteff. 2026-04-13
- Ryan Navi · Chief Investment Officer · appointmenteff. 2025-12-01
Latest filings
- 10-Q · Quarterly report2026-08-12
- 8-K · Company announcement2026-08-12
- 8-K · Company announcement2026-07-20
- 8-K · Company announcement2026-06-16
- 8-K · Company announcement2026-06-16
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Forward Industries, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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