Financials in USD. Standardized financial statements.
A compact view of how Forward Industries, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $18.19M | $30.20M | $36.69M | $42.34M | $39.02M | $34.48M | $37.41M | $34.50M | $24.76M | $27.48M |
| Revenue Growth? | -39.8% | -17.7% | -13.3% | +8.5% | +13.2% | -7.8% | +8.4% | +39.3% | -9.9% | 0.0% |
| Cost of Revenue? | $13.00M | $23.99M | $28.32M | $33.97M | $30.89M | $27.84M | $30.83M | $27.93M | $20.57M | $22.40M |
| Gross Profit? | $5.19M | $6.21M | $8.36M | $8.37M | $8.13M | $6.64M | $6.58M | $6.57M | $4.19M | $5.08M |
| Gross Margin? | +28.5% | +20.6% | +22.8% | +19.8% | +20.8% | +19.3% | +17.6% | +19.0% | +16.9% | +18.5% |
| Operating Expenses? | $13.58M | $8.14M | $8.20M | $9.61M | $8.90M | $7.61M | $9.68M | $6.31M | $3.59M | $4.46M |
| Operating Income? | -$8.39M | -$1.93M | $159,658 | -$1.24M | -$765,000 | -$967,383 | -$3.10M | $260,652 | $598,470 | $616,954 |
| EBITDA? | -$168.69M | -$1.53M | $598,806 | $897,709 | $1.02M | -$1.32M | -$3.10M | $784,841 | $639,966 | $669,708 |
| Income Before Tax | -$169.07M | -$1.92M | $178,664 | $452,447 | $523,805 | -$1.77M | -$3.61M | $632,320 | $579,346 | $606,562 |
| Income Tax Expense | $20,404 | $22,947 | $20,006 | $2,554 | $0 | $9,167 | -$4,162 | -$747,000 | $0 | $0 |
| Net Income? | -$166.97M | -$1.95M | -$3.74M | -$1.38M | $523,805 | -$1.78M | -$3.60M | $1.38M | $579,346 | $606,562 |
| EPS? | $-24.59 | $-1.77 | $-3.70 | $-1.40 | $0.53 | $-1.90 | $-3.80 | $1.50 | $0.70 | $0.70 |
| Diluted EPS? | $-24.59 | $-1.77 | $-3.70 | $-1.40 | $0.50 | $-1.90 | $-3.80 | $1.50 | $0.70 | $0.70 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality