Forward Industries, Inc. (FWDI) Earnings History
Net Loss31 years of earnings data (1995–2025) · Currently unprofitable on a TTM basis
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Forward Industries, Inc. (FWDI) Earnings Overview
As of November 8, 2026, Forward Industries, Inc. (FWDI) reported trailing twelve-month net income of -$1.10B, reflecting -1289.3% year-over-year growth. The company earned $-12.71 per diluted share over the past four quarters, with a net profit margin of -918.1%.
Looking at the long-term picture, FWDI's historical earnings data spans multiple years. The company achieved its highest annual net income of $9M in fiscal 2005.
Forward Industries, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including KOSS (-$869,361 net income, -3.0% margin), LIQT (-$10M net income, -51.7% margin), CLFD (-$7M net income, -5.4% margin), FWDI has room to improve margins relative to the peer group. Compare FWDI vs KOSS →
FWDI Earnings vs Peers
Earnings metrics vs comparable public companies
FWDI Historical Earnings Data (1995–2025)
31 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$167M | -8460.2% | -$6M | $-2.46 | -918.1% | -35.0% |
| 2024 | -$2M | +47.8% | -$2M | $-0.18 | -6.5% | -6.4% |
| 2023 | -$4M | -171.1% | $159,658 | $-0.37 | -10.2% | 0.4% |
| 2022 | -$1M | -363.1% | $588,470 | $-0.14 | -3.6% | 1.5% |
| 2021 | $523,805 | +129.5% | $-765,000 | $0.05 | 1.3% | -2.0% |
| 2020 | -$2M | +50.7% | $-967,383 | $-0.19 | -5.1% | -2.8% |
| 2019 | -$4M | -361.3% | -$3M | $-0.38 | -9.6% | -8.3% |
| 2018 | $1M | +138.1% | $260,652 | $0.15 | 4.0% | 0.8% |
| 2017 | $579,346 | -4.5% | $598,470 | $0.07 | 2.3% | 2.4% |
| 2016 | $606,562 | +142.3% | $616,954 | $0.07 | 2.2% | 2.2% |
| 2015 | -$1M | -79.3% | -$2M | $-0.17 | -4.8% | -5.0% |
| 2014 | $-799,906 | -286.6% | $-98,677 | $-0.10 | -2.4% | -0.3% |
| 2013 | $-206,886 | +97.9% | $705,815 | $-0.03 | -0.7% | 2.3% |
| 2012 | -$10M | -232.1% | -$3M | $-1.19 | -32.8% | -11.1% |
| 2011 | -$3M | -72.2% | -$3M | $-0.36 | -12.7% | -13.2% |
| 2010 | -$2M | -20.9% | -$2M | $-0.21 | -8.9% | -8.3% |
| 2009 | -$1M | -56.8% | -$1M | $-0.18 | -8.0% | -7.7% |
| 2008 | $-889,249 | -60.7% | -$2M | $-0.11 | -4.5% | -8.3% |
| 2007 | $-553,459 | -135.9% | -$2M | $-0.07 | -2.5% | -8.2% |
| 2006 | $2M | -83.7% | $2M | $0.19 | 5.0% | 5.6% |
| 2005 | $9M | +386.5% | $12M | $1.26 | 18.2% | 23.8% |
| 2004 | $2M | +34.2% | $2M | $0.30 | 9.7% | 8.3% |
| 2003 | $1M | +68.9% | $1M | $0.24 | 7.6% | 6.0% |
| 2002 | $855,592 | +143.2% | $704,361 | $0.15 | 5.2% | 4.3% |
| 2001 | -$2M | -2248.9% | $-374,821 | $-0.33 | -15.0% | -2.8% |
| 2000 | $92,090 | -88.5% | $382,836 | $-0.05 | 0.6% | 2.7% |
| 1999 | $800,000 | +172.7% | $5M | $0.14 | 3.9% | 21.8% |
| 1998 | -$1M | -650.0% | $400,000 | $-0.23 | -8.5% | 3.1% |
| 1997 | $200,000 | +118.2% | $1M | $0.04 | 1.6% | 7.9% |
| 1996 | -$1M | -22.2% | -$2M | $-0.48 | -6.1% | -10.1% |
| 1995 | $-900,000 | - | $-200,000 | $-0.56 | -5.8% | -1.3% |
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FWDI — Frequently Asked Questions
Quick answers to the most common questions about buying FWDI stock.
What is FWDI earnings per share (EPS)?
FWDI trailing twelve-month (TTM) diluted EPS is $-12.71, reflecting -1289.3% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1995 to 2025 is available in the table on this page.
What is Forward Industries, Inc.'s net income?
Forward Industries, Inc. (FWDI) trailing twelve-month net income is $-1.1B as of 2025. Earnings declined -1289.3% year-over-year.
Is FWDI profitable?
FWDI is not currently profitable on a TTM basis, reporting a net loss of $-1.1B. Net margin is -918.1%. Investors should monitor for a return to profitability.
What is FWDI's earnings growth rate?
FWDI compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1995 to 2025.
What are FWDI's profit margins?
Forward Industries, Inc. net profit margin is -918.1%, operating margin is -35.0%, and gross margin is +28.5%. Below-average margins reflect competitive or cost pressures. Return on Equity is -22.7%.
Is FWDI growing earnings?
FWDI earnings are declining — EPS fell -1289.3% year-over-year. TTM net income dropped to $-1.1B. This contrasts with the 5-year CAGR of N/A.
What was FWDI's best earnings year?
Forward Industries, Inc.'s highest annual net income on record is $9M, achieved in fiscal year 2005. Earnings history on this page spans 1995 to 2025 and includes all annual and quarterly figures.
What were FWDI's earnings last quarter?
FWDI's most recent reported quarter was Q3 2026. Net income was $-69M with diluted EPS of $-0.80. For a full breakdown of all quarters, see the quarterly earnings table on this page.