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Forward Industries, Inc. income statement

In fiscal 2025, Forward Industries, Inc. reported revenue of $18.2m, down 9.0% on the year before, operating income of −$8.4m (a -46.1% margin) and net income of −$167m, or −$24.59 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2011Sept 20112012Sept 20122013Sept 20132017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Revenue003125343734393837201853
Cost of revenue———21283128312928151316
Gross profit54647778985537
Selling and marketing3222222312112
General and administrative563258667761017
Operating income−2−3110−3−2−110−2−8−941
Interest expense———0000000001
Income before tax−2−3011−4−2100−2−169−1,102
Income tax−0000−1−00000000
Net income−3−10−011−4−21−1−4−2−167−1,102
Diluted EPS−$3.60−$1.19−$0.09$0.07$0.15−$0.38−$0.19$0.05−$0.14−$3.39−$1.77−$24.59—
Diluted shares (average)———————1m1m1m1m7m—
EBITDA−2−3110−3−2−010−2−8−941

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Forward Industries, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Forward Industries, Inc.