Forward Industries, Inc. (FWDI) quarterly income statement — complete revenue, gross profit & net income history
Forward Industries, Inc. (FWDI) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 10.78M | 12.96M | 21.44M | 7.95M | 2.49M | 3.12M | 4.62M | 7.33M | 7.89M | 5.07M | 7.15M | 5.09M | 10.13M | 10.66M | 10.81M | 9.82M | 10.59M | 10.31M | 11.61M | 10.94M |
| Revenue Growth % | 332.09% | 315.03% | 363.52% | 8.45% | -68.37% | -38.41% | -35.34% | 43.84% | -22.12% | -52.42% | -33.84% | -48.13% | -4.36% | 3.33% | -6.92% | -10.27% | 6.27% | 22.86% | 19.51% | 27.18% |
| Cost of Goods Sold | 4.08M | 3.89M | 4.59M | 3.09M | 3.12M | 3.3M | 3.49M | 5.97M | 6.28M | 3.74M | 5.51M | 1.98M | 8.3M | 9.15M | 8.89M | 8.24M | 8.67M | 8.06M | 8.99M | 9M |
| COGS % of Revenue | 37.81% | 30.01% | 21.39% | 38.86% | 124.89% | 105.72% | 75.5% | 81.54% | 79.64% | 73.78% | 77.03% | 38.94% | 82% | 85.81% | 82.25% | 83.92% | 81.89% | 78.16% | 77.45% | 82.23% |
| Gross Profit | 6.7M | 9.07M | 16.85M | 4.86M | -620.96K | -178.76K | 1.13M | 1.35M | 1.61M | 1.33M | 1.64M | 3.11M | 1.82M | 1.51M | 1.92M | 1.58M | 1.92M | 2.25M | 2.62M | 1.95M |
| Gross Margin % | 62.19% | 69.99% | 78.61% | 61.14% | -24.89% | -5.72% | 24.5% | 18.46% | 20.36% | 26.22% | 22.97% | 61.06% | 18% | 14.19% | 17.75% | 16.08% | 18.11% | 21.84% | 22.55% | 17.77% |
| Gross Profit Growth % | 1179.62% | 5174.83% | 1387.14% | 259.18% | -138.67% | -113.45% | -31.02% | -56.51% | -11.92% | -12.1% | -14.4% | 96.96% | -4.93% | -32.86% | -26.73% | -18.82% | -12.15% | 29.21% | 15.73% | 15.05% |
| Operating Expenses | 76.97M | 6.63M | 7.23M | 6.17M | 1.94M | 1.64M | 1.81M | 1.98M | 1.99M | 1.95M | 2.02M | 1.12M | 2.35M | 2.36M | 2.39M | 2.32M | 2.3M | 2.58M | 2.4M | 1.99M |
| OpEx % of Revenue | 714.01% | 51.16% | 33.74% | 77.65% | 77.72% | 52.61% | 39.05% | 27.07% | 25.2% | 38.46% | 28.28% | 21.94% | 23.16% | 22.11% | 22.07% | 23.67% | 21.75% | 24.97% | 20.7% | 18.23% |
| Selling, General & Admin | 1.66M | 4.15M | 3.79M | 5.25M | 1.94M | 1.64M | 1.81M | 1.78M | 1.99M | 1.95M | 2.02M | 1.12M | 2.35M | 2.36M | 2.39M | 2.32M | 2.3M | 2.58M | 2.4M | 1.99M |
| SG&A % of Revenue | 15.44% | 32.05% | 17.67% | 66.03% | 77.72% | 52.61% | 39.05% | 24.34% | 25.2% | 38.46% | 28.28% | 21.94% | 23.16% | 22.11% | 22.07% | 23.67% | 21.75% | 24.97% | 20.7% | 18.23% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 923.51K | 0 | 0 | 0 | 200K | 0 | 0 | 687 | 6.13K | 292 | -965 | 0 | -5.83K | -2.68K | -2.73K | -1.36K | -1.36K |
| Operating Income | -70.26M | 2.44M | 9.62M | -1.31M | -2.56M | -1.82M | -673.03K | -630.95K | -381.58K | -620.92K | -380.32K | 1.99M | -522.05K | -844.06K | -466.88K | -745.35K | -385.81K | -322.74K | 214.21K | -49.68K |
| Operating Margin % | -651.82% | 18.83% | 44.87% | -16.51% | -102.61% | -58.33% | -14.55% | -8.61% | -4.84% | -12.24% | -5.32% | 39.12% | -5.16% | -7.92% | -4.32% | -7.59% | -3.64% | -3.13% | 1.84% | -0.45% |
| Operating Income Growth % | -2644.92% | 233.96% | 1528.91% | -107.87% | -570.84% | -193.39% | -76.96% | -131.66% | 26.91% | 26.44% | 18.54% | 367.35% | -35.31% | -161.53% | -317.95% | -1400.26% | -243.77% | 60.46% | 227.89% | 55.5% |
| EBITDA | -70.24M | 2.46M | 9.64M | -1.23M | -2.48M | -1.74M | -589.15K | -547.27K | -299.07K | -536.44K | -298.92K | 2.07M | -443.25K | -765.46K | -389.35K | -669.61K | -308.83K | -239.59K | 287.6K | 25.29K |
| EBITDA Margin % | -651.62% | 19.01% | 44.98% | -15.47% | -99.28% | -55.69% | -12.74% | -7.47% | -3.79% | -10.58% | -4.18% | 40.71% | -4.38% | -7.18% | -3.6% | -6.82% | -2.92% | -2.32% | 2.48% | 0.23% |
| EBITDA Growth % | -2736.09% | 241.68% | 1736.69% | -124.54% | -728.16% | -224.18% | -97.1% | -126.39% | 32.53% | 29.92% | 23.23% | 409.68% | -43.53% | -219.48% | -235.38% | -2747.52% | -188.53% | 67.55% | 490.99% | 161.01% |
| D&A (Non-Cash Add-back) | 20.83K | 23.27K | 25.64K | 82.71K | 83.02K | 82.75K | 83.88K | 83.68K | 82.51K | 84.48K | 81.4K | 81.01K | 78.8K | 78.6K | 77.53K | 75.73K | 76.97K | 83.15K | 73.38K | 74.97K |
| EBIT | -70.69M | -283.9M | 9.62M | -163.93M | -2.39M | -1.81M | -885.81K | -608.39K | -362.62K | -610.06K | -362.17K | 2.04M | -511.27K | -844.16K | -402.32K | -751.17K | -388.49K | -325.47K | 212.85K | -51.04K |
| Net Interest Income | -444.73K | 132.26K | 676.51K | 21.92K | -5.13K | 1.11K | 3.63K | 10.27K | 5.73K | 1.74K | -1.54K | -12.14K | -14.99K | -25.93K | -27.96K | -29.3K | -30.42K | -30.86K | -32.83K | -33.05K |
| Interest Income | 72.2K | 191.44K | 676.51K | 35.16K | 6.96K | 12.95K | 15.59K | 22.5K | 20.18K | 18.71K | 17.47K | 11.84K | 10.49K | 856 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 516.94K | 59.18K | 0 | 13.24K | 12.1K | 11.84K | 11.97K | 12.23K | 14.45K | 16.97K | 19.01K | 23.99K | 25.48K | 26.78K | 27.96K | 29.3K | 30.42K | 30.86K | 32.83K | 33.05K |
| Other Income/Expense | -427.4K | -286.4M | -592.58M | -162.63M | 155.43K | -451 | -224.75K | 10.33K | 4.51K | -6.11K | -854 | 23.99K | 681.49K | 725.46K | 36.6K | -35.13K | -33.11K | -33.6K | -34.19K | -34.41K |
| Pretax Income | -70.69M | -283.96M | -582.96M | -163.94M | -2.4M | -1.82M | -897.77K | -620.62K | -377.07K | -627.03K | -381.18K | 2.02M | 159.44K | -118.6K | -430.27K | -780.47K | -418.91K | -356.33K | 180.02K | -84.09K |
| Pretax Margin % | -655.78% | -2190.84% | -2719.65% | -2063.39% | -96.38% | -58.35% | -19.41% | -8.47% | -4.78% | -12.37% | -5.33% | 39.59% | 1.57% | -1.11% | -3.98% | -7.95% | -3.96% | -3.45% | 1.55% | -0.77% |
| Income Tax | -1.73M | -875.35K | 2.69M | 20.4K | 0 | 0 | 0 | 22.95K | 0 | 0 | 0 | 20.01K | 25.77K | 109 | -36.6K | 2.55K | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 2.45% | 0.31% | -0.46% | -0.01% | 0% | 0% | 0% | -3.7% | 0% | 0% | 0% | 0.99% | 16.16% | -0.09% | 8.51% | -0.33% | 0% | 0% | 0% | 0% |
| Net Income | -68.96M | -283.08M | -585.65M | -163.96M | -850.02K | -1.45M | -708.07K | -643.57K | -399.58K | -553.21K | -354.22K | -1.9M | -536.74K | -871.06K | -393.67K | -783.03K | -452.02K | -389.93K | 180.02K | -84.09K |
| Net Margin % | -639.71% | -2184.09% | -2732.19% | -2063.65% | -34.07% | -46.48% | -15.31% | -8.78% | -5.07% | -10.91% | -4.95% | -37.28% | -5.3% | -8.17% | -3.64% | -7.97% | -4.27% | -3.78% | 1.55% | -0.77% |
| Net Income Growth % | -8012.63% | -19401.24% | -82611.49% | -25377.44% | -112.73% | -162.4% | -99.89% | 66.1% | 25.55% | 36.49% | 10.02% | -142.48% | -18.74% | -123.39% | -318.68% | -831.18% | -285.57% | 53.29% | -84.99% | 21.27% |
| Net Income (Continuing) | -68.96M | -283.08M | -585.65M | -163.96M | -2.4M | -1.82M | -897.77K | -643.57K | -377.07K | -627.03K | -381.18K | 2M | 133.68K | -118.71K | -91.31K | -783.03K | -418.91K | -356.33K | 180.02K | -84.09K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 1000K | 370.6K | 189.71K | 3.04K | -22.52K | 73.82K | 26.95K | -1000K | -670.42K | -752.24K | -338.96K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.80 | -2.98 | -5.91 | -2.19 | -0.08 | -0.13 | -0.06 | -0.06 | -0.04 | -0.06 | -0.04 | -0.19 | -0.05 | -0.09 | -0.04 | -0.08 | -0.04 | -0.04 | 0.02 | -0.01 |
| EPS Growth % | -938.96% | -2157.58% | -9134.38% | -3668.97% | -113.89% | -140% | -81.82% | 69.47% | 32.46% | 36.49% | 9.97% | -144.22% | -18.71% | -123.2% | -295.5% | - | -324.5% | 53.92% | -83.33% | 28.57% |
| EPS (Basic) | -0.80 | -2.98 | -5.91 | -2.19 | -0.08 | -0.13 | -0.06 | -0.06 | -0.04 | -0.06 | -0.04 | -0.19 | -0.05 | -0.09 | -0.04 | -0.08 | -0.04 | -0.04 | 0.02 | -0.01 |
| Diluted Shares Outstanding | 86.69M | 94.92M | 99.1M | 67.91M | 11.14M | 11.01M | 11.01M | 11.01M | 11.01M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 10.34M | 10.51M |
| Basic Shares Outstanding | 86.69M | 94.92M | 99.1M | 67.91M | 11.14M | 11.01M | 11.01M | 11.01M | 11.01M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 10.06M | 9.96M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |