Forward Industries FORD

Quarterly report 2026-Q3
added 08-12-2026

Forward Industries Income Statement 2025-2009 | FORD

Brief overview of financial performance at Forward Industries

The comparison covers a five-year financial horizon. The revenue attributed to Forward Industries moved from 34.5 million dollars to 18.2 million dollars between the two endpoints. The cumulative result was −47.2%, corresponding to roughly −12% per year. The business finished the period with a smaller revenue base.

The gross result shifted from $6.6 million to $5.2 million, or −21.8%. The cost base moved more slowly than the top line, which supported margins. Comparing the endpoints gives gross margins of 19.3% and 28.5%. The expansion indicates stronger pricing power or better control of direct costs.

Over the period, EBITDA shifted from −695 thousand dollars to −8.1 million dollars, a change of −1059.1%. The operating result developed less favorably than sales. The EBITDA share of revenue changed from −2% to −44.3%. Operating return per unit of revenue declined.

The net financial result changed from −$1.8 million to −$167 million. Larger losses indicate rising pressure on the business.

Financial takeaway

The indicators point to a weaker financial profile. Key strengths include improving gross profitability. Caution is warranted because of lower net income, pressure on operating profitability and a softer top-line trend. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.

Annual Income Statement Forward Industries

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Market Cap	-	5.49 M	793 K	11.6 M	9.95 M	14.5 M	10.2 M	13.6 M	10.2 M	9.54 M	10.1 M	10.3 M	14.4 M	9.56 M	17 M	-	-
Shares	6.79 M	1.1 M	1.1 M	10.1 M	9.95 M	9.53 M	9.53 M	9.26 M	8.73 M	8.52 M	8.34 M	8.19 M	8.11 M	8.1 M	8.08 M	7.98 M	-
Historical Prices	-	4.99	0.72	1.15	1.53	3.15	1.08	1.46	2.43	1.19	1.26	0.95	1.66	1.87	1.95	-	-
Net Income	-167 M	-1.95 M	-354 K	-1.38 M	524 K	-1.78 M	-3.6 M	1.38 M	579 K	607 K	-1.43 M	-800 K	-207 K	-9.63 M	-2.9 M	-1.68 M	-
Revenue	18.2 M	20 M	5.14 M	38.2 M	39 M	34.5 M	37.4 M	34.5 M	24.8 M	27.5 M	30 M	33.4 M	30.9 M	29.4 M	22.8 M	-	-
Cost of Revenue	13 M	14.8 M	3.7 M	29.4 M	30.9 M	27.8 M	30.8 M	27.9 M	20.6 M	-	-	-	-	-	-	-	-
Gross Profit	5.19 M	5.18 M	1.44 M	8.8 M	8.13 M	6.64 M	6.58 M	6.57 M	4.19 M	5.08 M	5.79 M	6.55 M	6.38 M	3.97 M	5.06 M	4.23 M	-
Operating Income	-8.39 M	-2.15 M	-365 K	588 K	-765 K	-1.98 M	-3.1 M	261 K	598 K	617 K	-1.51 M	-98.7 K	706 K	-3.26 M	-2.14 M	-1.57 M	-
Interest Expense	49.1 K	62.7 K	19 K	123 K	172 K	175 K	201 K	115 K	-	-10.4 K	-13.4 K	26.2 K	31.8 K	-96.1 K	-51.3 K	-32.9 K	-
EBITDA	-8.06 M	-1.82 M	-283 K	898 K	-438 K	-695 K	-2.79 M	489 K	621 K	670 K	-1.46 M	-34.2 K	781 K	-3.16 M	-2.94 M	-1.52 M	-
Operating Expenses	-	-	-	-	-	7.61 M	9.68 M	6.31 M	3.59 M	4.46 M	7.31 M	6.65 M	5.67 M	7.24 M	8.08 M	5.8 M	-
General and Administrative Expenses	9.6 M	151 K	151 K	574 K	6.4 M	5.66 M	7.71 M	4.53 M	2.09 M	2.57 M	4.94 M	3.85 M	3.48 M	5.56 M	4.69 M	3.64 M	-

All numbers in USD currency

Quarterly Income Statement Forward Industries

	2026-Q3	2026-Q2	2026-Q1	2025-Q4	2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
Shares	1.11 M	94.9 M	99.1 M	99.1 M	86.1 M	1.11 M	1.1 M	1.1 M	1.1 M	1.1 M	1.1 M	1.1 M	1.1 M	1.1 M	10.1 M	10.1 M	10.1 M	10.1 M	10.1 M	10.1 M	9.92 M	9.96 M	9.91 M	9.89 M	9.53 M	9.53 M	9.89 M	9.53 M	9.53 M	9.53 M	9.53 M	9.53 M	9.18 M	9.48 M	9.53 M	8.76 M	8.72 M	8.86 M	8.76 M	8.62 M	8.49 M	8.59 M	8.62 M	8.39 M	8.33 M	8.36 M	8.39 M	8.44 M	8.18 M	8.2 M	8.44 M	8.16 M	8.11 M	8.11 M	8.16 M	8.11 M	8.11 M	8.11 M	8.11 M	8.09 M	8.08 M	8.09 M	8.09 M
Net Income	-860 K	-283 M	-586 M	-586 M	-	-850 K	-1.45 M	-708 K	-	-400 K	-553 K	-354 K	-	-537 K	-871 K	-430 K	-595 K	-419 K	-356 K	180 K	608 K	244 K	-835 K	1.2 M	1.2 M	-215 K	1.2 M	-81.7 K	-1.84 M	-104 K	-81.7 K	-531 K	-531 K	-531 K	-531 K	46.7 K	466 K	552 K	46.7 K	151 K	466 K	78 K	151 K	244 K	-1.69 M	495 K	244 K	-1.5 M	70.3 K	19.9 K	-1.5 M	351 K	42.1 K	-245 K	351 K	139 K	-3.31 M	-3.31 M	139 K	-1.51 M	-1.22 M	-683 K	-1.51 M
Revenue	2.49 M	13 M	21.4 M	21.4 M	-	2.49 M	3.12 M	4.62 M	-	5.04 M	5.07 M	7.15 M	-	8.71 M	10.7 M	9.75 M	32.5 M	10.6 M	10.3 M	11.6 M	28.1 M	9.96 M	8.4 M	9.72 M	25.9 M	9.55 M	9.72 M	8.39 M	28.3 M	9.91 M	8.39 M	10.2 M	24.9 M	9.54 M	10.2 M	6.34 M	18.5 M	7.33 M	4.53 M	-	-	-	-	-	-	-	-	-	-	-	6.7 M	8.42 M	-	8.59 M	7.79 M	6.97 M	20 M	7.66 M	-	-	-	-	-
Cost of Revenue	3.12 M	3.89 M	4.59 M	4.59 M	-	3.12 M	3.3 M	3.49 M	-	3.73 M	3.74 M	5.51 M	-	6.52 M	9.15 M	7.79 M	25.7 M	8.67 M	8.06 M	8.99 M	21.9 M	7.78 M	6.65 M	7.45 M	20.9 M	7.77 M	7.45 M	6.67 M	23.8 M	8.01 M	6.67 M	8.88 M	20.2 M	7.63 M	8.88 M	5.33 M	15.3 M	6.05 M	3.82 M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-621 K	9.07 M	16.8 M	16.8 M	-	-621 K	-179 K	1.13 M	-	1.31 M	1.33 M	1.64 M	-	2.19 M	1.51 M	1.97 M	6.79 M	1.92 M	2.25 M	2.62 M	6.19 M	2.18 M	1.74 M	2.26 M	4.95 M	1.77 M	2.26 M	1.72 M	4.51 M	1.89 M	1.72 M	1.3 M	4.69 M	1.91 M	1.3 M	1 M	3.15 M	1.28 M	1 M	1.16 M	3.8 M	1.08 M	1.16 M	1.52 M	4.26 M	1.35 M	1.52 M	1.56 M	4.91 M	1.67 M	1.56 M	1.85 M	4.73 M	1.79 M	1.85 M	1.5 M	757 K	757 K	1.5 M	1.21 M	3.98 M	1.44 M	1.39 M
Operating Income	-2.56 M	-284 M	-584 M	-584 M	-	-2.56 M	-1.82 M	-898 K	-	-459 K	-621 K	-380 K	-	148 K	-844 K	-128 K	-494 K	-386 K	-323 K	214 K	-715 K	268 K	-816 K	-167 K	-1.87 M	-175 K	-167 K	-29.1 K	-1.61 M	-49.9 K	-29.1 K	-481 K	72.7 K	-210 K	-481 K	51.1 K	460 K	549 K	51.1 K	148 K	478 K	84.9 K	148 K	248 K	-1.78 M	494 K	248 K	-1.59 M	270 K	31.7 K	-1.59 M	372 K	628 K	474 K	372 K	-51.8 K	-613 K	-613 K	-51.8 K	-501 K	-964 K	-495 K	-1.52 M
Interest Expense	340	59.2 K	-	-	-	12.1 K	11.8 K	12 K	-	14.5 K	17 K	19 K	-	25.5 K	26.8 K	28 K	94.1 K	30.4 K	30.9 K	32.8 K	139 K	45.8 K	46.7 K	46.4 K	132 K	37.1 K	46.4 K	50.9 K	150 K	52.2 K	50.9 K	45 K	77.4 K	46.5 K	45 K	-	-	-	-	3.37 K	-11.6 K	-6.96 K	3.37 K	-3.73 K	8.99 K	-953	3.73 K	3.31 K	23.4 K	7.4 K	3.31 K	-47.2 K	-11.3 K	2.9 K	-3.51 K	231 K	-46 K	-39 K	26.7 K	-13.8 K	8.87 K	-3.47 K	-34.5 K
EBITDA	-2.56 M	-284 M	-584 M	-584 M	-	-	-1.77 M	-814 K	-	-406 K	-568 K	-299 K	-	201 K	-791 K	-50.4 K	-261 K	-333 K	-270 K	288 K	-463 K	321 K	-763 K	-73.6 K	-1.67 M	-36.2 K	-73.6 K	40 K	-1.37 M	107 K	40 K	-389 K	230 K	-140 K	-389 K	57.2 K	477 K	561 K	57.2 K	154 K	522 K	113 K	154 K	261 K	-1.74 M	524 K	261 K	-1.57 M	318 K	65.7 K	-1.57 M	390 K	684 K	493 K	391 K	-34.6 K	-530 K	-583 K	-29.8 K	-471 K	-919 K	-466 K	-1.49 M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.12 M	1.75 M	-	1.94 M	2.39 M	1.78 M	4.62 M	2.12 M	1.78 M	952 K	2.69 M	729 K	952 K	1.01 M	3.32 M	993 K	1.01 M	1.27 M	6.04 M	854 K	1.27 M	3.15 M	4.65 M	1.63 M	3.15 M	1.47 M	4.1 M	1.32 M	1.47 M	1.55 M	1.37 M	1.37 M	1.55 M	1.71 M	4.94 M	1.94 M	2.91 M
General and Administrative Expenses	1.8 M	3.58 M	151 K	3.25 M	-	1.8 M	1.5 M	151 K	-	1.58 M	1.74 M	151 K	-	155 K	162 K	147 K	428 K	145 K	141 K	1.67 M	412 K	136 K	138 K	139 K	4.32 M	1.49 M	1.83 M	1.21 M	4.68 M	1.41 M	1.21 M	1.31 M	3.33 M	1.58 M	1.31 M	673 K	1.58 M	420 K	673 K	593 K	2.01 M	541 K	593 K	842 K	4.16 M	356 K	842 K	2.47 M	2.59 M	926 K	2.47 M	857 K	2.61 M	768 K	856 K	1.07 M	1.09 M	1.09 M	1.07 M	1.42 M	3.31 M	1.26 M	1.64 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Forward Industries (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

How much revenue the company earned
How much it spent on production, personnel, marketing, taxes, etc.
What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features

The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

Reports on the profits and losses of other stocks in the Footwear industry

Issuer	Price	% 24h	Market Cap	Country
Deckers Outdoor Corporation DECK	$ 89.81	-0.69 %	$ 13.1 B	USA
Skechers U.S.A. SKX	-	-	$ 9.59 B	USA
NIKE NKE	$ 38.66	-3.07 %	$ 57.2 B	USA
Обувь России OBUV	-	-	-	Russia
Rocky Brands RCKY	$ 53.66	0.02 %	$ 401 M	USA
Caleres CAL	$ 13.48	-0.66 %	$ 438 M	USA
Vera Bradley VRA	$ 8.03	-0.25 %	$ 224 M	USA
Crocs CROX	$ 159.89	-0.21 %	$ 8.67 B	USA
Steven Madden, Ltd. SHOO	$ 42.56	-0.65 %	$ 3.09 B	USA
Wolverine World Wide WWW	$ 21.61	-1.59 %	$ 1.77 B	USA
Weyco Group WEYS	$ 60.06	-1.16 %	$ 569 M	USA
Foot Locker FL	-	-0.37 %	$ 2.26 B	USA

Forward Industries Income Statement 2025-2009 | FORD

Brief overview of financial performance at Forward Industries

Financial takeaway

Annual Income Statement Forward Industries

Market Cap

Shares

Historical Prices

Net Income

Revenue

Cost of Revenue

Gross Profit

Operating Income

Interest Expense

EBITDA

Operating Expenses

General and Administrative Expenses

Annual performance