# Forward Industries, Inc. (FWDI)

> Consumer Cyclical · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/FWDI/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 23.74M | $ -352.04M | $ -8.15M | $ 118.51M | $ 474.21M |
| 2025 | $ 35.84M | $ -769.90M | $ -12.30M | $ 5.93M | $ 880.86M |
| 2024 | $ 26.18M | $ -2.42M | $ -199.7K | $ 3.48M | $ 2.28M |
| 2023 | $ 35.71M | $ -3.96M | $ 1.29M | $ 4.00M | $ 2.31M |
| 2022 | $ 45.22M | $ -2.22M | $ 111.2K | $ 4.89M | $ 5.86M |
| 2021 | $ 48.64M | $ -588.6K | $ 1.21M | $ 5.56M | $ 7.66M |
| 2020 | $ 45.61M | $ -630.1K | $ -105.3K | $ 6.29M | $ 7.83M |
| 2019 | $ 45.97M | $ -4.07M | $ -2.56M | $ 6.65M | $ 7.66M |
| 2018 | $ 50.64M | $ 1.06M | $ -1.57M | $ 3.15M | $ 10.58M |
| 2017 | $ 33.02M | $ 639.2K | $ 2.24M | $ 0 | $ 8.97M |
| 2016 | $ 37.06M | $ 707.1K | $ -64.88M | $ 0 | $ 8.38M |
| 2015 | $ 41.01M | $ 437.9K | $ -514.9K | $ 0 | $ 7.66M |
| 2014 | $ 46.47M | $ -3.75M | $ -1.66M | $ 0 | $ 7.21M |
| 2013 | $ 46.01M | $ 8.2K | $ 2.06M | $ 0 | $ 9.72M |
| 2012 | $ 44.98M | $ -11.53M | $ -10.22M | $ 0 | $ 9.46M |
| 2011 | $ 34.81M | $ -6.51M | $ -8.52M | $ 0 | $ 17.31M |
| 2010 | $ 31.55M | $ -2.24M | $ -15.05M | $ 0 | $ 21.32M |
| 2009 | $ 24.62M | $ -2.08M | $ -187.47M | $ 0 | $ 22.39M |
| 2008 | $ 30.78M | $ -1.22M | $ -4.44M | $ 0 | $ 23.55M |
| 2007 | $ 29.78M | $ -1.84M | $ 430.0K | $ 0 | $ 24.15M |
| 2006 | $ 44.47M | $ 1.73M | $ 4.40M | $ 0 | $ 25.32M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.25 |
| Liabilities / Eq | 0.27 |
| Current Ratio | 0.17 |

## Other views

- [Metrics](https://sponda.capital/en/FWDI.md)
- [Charts](https://sponda.capital/en/FWDI/charts.md)
- [Compare](https://sponda.capital/en/FWDI/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.