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Forward Industries, Inc. revenue

Forward Industries, Inc.'s revenue was $18.2m in fiscal 2025, down 9.0% on the year before. Since fiscal 2011 ($22,763) it has grown at a compound 83.6% a year. Over the last twelve months it was $53.1m.

Revenue history

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
Growth on the year before—+29.2%+>999%−19.9%+39.3%+8.4%−7.8%+13.2%−2.1%−4.0%−45.5%−9.0%—
Gross profit54647778985537
Gross margin——20.6%16.9%19.0%17.6%19.3%20.8%23.0%22.8%25.9%28.5%70.6%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to September 30, 2025
Segments
Line of business Revenue Share YoY
Design $13.6M 74.8% ▼ 31.9%
Digital Assets $4.6M 25.2% —

From Forward Industries, Inc.'s 10-K filed December 11, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Technology Hardware, Storage & Peripherals: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Forward Industries, Inc. $53.1m 254.5% 16.2%
Transact Technologies Inc $53.0m 10.5% -12.1%
ONE Stop Systems, Inc. $42.0m 702.1% -14.0%
Intchains Group Ltd $30.7m -21.5% —
Inve Technologies, Inc. $24.3m 3.1% -37.1%
Moving Image Technologies Inc. $17.3m -4.6% -5.0%

Compare with peers

Head to head: FWDI vs TACTFWDI vs OSSFWDI vs ICG

More: Technology Hardware, Storage & Peripherals stocks compared, Technology sector, rankings of US companies

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.