Forward Industries, Inc.
Forward Industries, Inc. (FWDI) is listed on NASDAQ and classified in Asset Management, part of the Financial Services sector. It is headquartered in Austin, United States and has 60 employees. The company is worth $533.25M. Revenue was $18.19M in fiscal 2025, down 9.0% from the year before. It reported a net loss of $166.97M. The share price is 63.2% below its 52-week high of $19.00. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $3.32M. In that quarter, 1 of them reduced the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Articles on this site that cover Forward Industries, Inc..
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -62.4% over 5Y.
today you would have $305.75▼ -69.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 16 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $6.61 | $4.95 | $7.30 | $10.70 | $15.60 | $18.20 | $9.90 | $13.00 | $12.30 | $12.50 | $14.80 | $10.40 | $15.50 | $14.80 | $16.70 | $32.20 | |
| P/E | 17.7x | — |
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| BWFGBankwell Financial Group, Inc. | $67.03 | 12.5x | 1.6x | 1.19% | 14.13% | $534.36M |
| HIVEHIVE Digital Technologies Ltd. | $1.95 | — | 1.3x | 0.00% | -66.39% | $534.84M |
| NPBNorthpointe Bancshares Inc | $15.52 | 6.7x | 0.9x | 0.77% | 14.76% | $536.71M |
| AIIAmerican Integrity Insurance Group, Inc. |
| — |
| — |
| — |
| 31.2x |
| — |
| — |
| 8.7x |
| 17.6x |
| 17.9x |
| — |
| — |
| — |
| — |
| — |
| — |
| P/S | 0.4x | 31.4x | 0.3x | 0.2x | 0.3x | 0.4x | 0.5x | 0.3x | 0.4x | 0.4x | 0.4x | 0.4x | 0.3x | 0.4x | 0.4x | 0.6x | 1.4x |
| P/B | 1.3x | 0.4x | 1.8x | 2.8x | 1.7x | 2.1x | 2.7x | 1.2x | 1.1x | 1.2x | 1.3x | 1.7x | 0.8x | 1.4x | 1.3x | 0.7x | 1.2x |
| EPS | -$24.59 | -$1.77 | -$3.39 | -$1.40 | $0.50 | -$1.90 | -$3.80 | $1.50 | $0.70 | $0.70 | -$2.30 | -$1.20 | -$0.90 | -$11.90 | -$3.60 | -$2.10 |
| Profit margin | -4.96% | -918.07% | -9.76% | -10.18% | -3.61% | 1.34% | -5.15% | -9.63% | 4.00% | 2.34% | 2.21% | -4.78% | -2.40% | -0.67% | -32.77% | -12.74% | -8.87% |
| ROE | -13.44% | -11.36% | -65.74% | -142.82% | -21.99% | 7.04% | -26.97% | -46.74% | 12.43% | 6.49% | 7.42% | -19.55% | -7.66% | -2.20% | -104.86% | -15.53% | -7.94% |
Median of the years shown; P/E years above 200x are left out.
| $27.50 |
| 6.2x |
| 1.5x |
| 3.71% |
| 26.24% |
| $538.87M |
| AEXAAmerican Exceptionalism Acquisition Corp. A | $10.64 | — | — | 0.00% | — | $526.26M |
| ACICAMERICAN COASTAL INSURANCE Corp | $11.10 | 5.5x | 1.5x | 6.76% | 31.65% | $524.69M |