Forward Industries (FWDI)
Nasdaq Market Closed
Forward Industries, Inc. is a publicly traded company that positions itself as a Solana-focused digital asset treasury business. Its strategy centres on acquiring, holding, staking, trading, and investing in SOL and in assets, protocols, and businesses connected to the Solana blockchain. Rather than operating as a conventional manufacturer or service provider, the company seeks to create shareholder value by building exposure to one of the largest high-throughput blockchain ecosystems.
The company’s stated objective is to support and expand Solana by participating in the network and backing related projects. Staking SOL can allow a holder to help secure the network while earning protocol-based rewards, although returns and asset values depend on market conditions and network performance. Forward Industries also aims to engage with Solana developers, provide tools, and invest in projects that may contribute to the ecosystem’s adoption and utility.
This model places Forward Industries within the emerging category of listed digital asset treasury companies. Investors in FWDI are exposed not only to the company’s operational decisions, but also to the price volatility, liquidity, regulation, custody, and technology risks associated with crypto assets. The company launched its digital asset treasury initiative in connection with a private placement transaction in September 2025, with support from investors and operating partners including Galaxy Digital and Jump Crypto. Its market profile is therefore closely tied to confidence in Solana’s long-term development, the company’s capital allocation discipline, and its ability to manage digital assets in a transparent and secure way.
Last updated
- Market Cap
- 335.31M
- P/E
- —
- P/FCF
- —
- P/S
- 7.48
- Enterprise Value
- 328.7M
- Sector
- —
- Industry
- —
- Address
- 700 VETERANS MEMORIAL HWY, SUITE 100, HAUPPAUGE, NY, 11788
No recent news is linked to this listing.
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 335.31M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 328.7M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 0.61
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 7.48
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 39.13
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 7.33
- EPS
- -13.84
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -16.28M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -187.43%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -169.85%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0.02
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 0.4
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 0.4
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.3
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 973.16K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 4.49
Income Statement
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Revenue | 12.96M | 21.44M | 7.95M | 2.49M | 3.12M |
| Gross profit | 9.07M | 16.85M | 4.86M | -620.96K | -178.76K |
| Operating income | -82.65M | -23.43M | -3.11M | -2.56M | -1.82M |
| EBITDA | 2.46M | 9.64M | -1.23M | -2.48M | -1.74M |
| Net income | -283.08M | -585.65M | -163.98M | -860.3K | -1.45M |
| Basic EPS | -2.98 | -5.91 | -21.86 | -0.77 | -1.32 |
| Diluted EPS | -2.98 | -5.91 | -21.86 | -0.77 | -1.32 |
Balance Sheet
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Total assets | 608.51M | 892.95M | 1.47B | 8.29M | 12.34M |
| Total liabilities | 57.06M | 12.08M | 4.82M | 4.94M | 8.76M |
| Total equity | 551.46M | 880.86M | 1.47B | 3.35M | 3.58M |
| Cash & equivalents | 16.63M | 25.39M | 38.17M | 1.26M | 1.8M |
| Current assets | 21.62M | 62.95M | 41.22M | 3.57M | 7.67M |
| Current liabilities | 54.58M | 10.08M | 2.72M | 2.35M | 1.97M |
Cash Flow
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Operating cash flow | -4.8M | -7.93M | -2.3M | -1.23M | -537.61K |
| Investing cash flow | 3.16M | -1.08M | -901.24M | -218.93K | -1.43K |
| Financing cash flow | -7.12M | -3.77M | 940.45M | 911.14K | — |
| Change in cash | -8.76M | -12.78M | 36.9M | -535.22K | -539.05K |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| form 4 | Form 4 — Pruitt Michael D | View Filing | |
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| edgar index | 10-Q — Forward Industries, Inc. | View Filing | |
| edgar index | SCHEDULE 13D/A — Forward Industries, Inc. | View Filing | |
| form 4 | Form 4 — Samani Pyahm | View Filing | |
| edgar index | S-8 — Forward Industries, Inc. | View Filing | |
| form 4 | Form 4 — Samani Pyahm | View Filing | |
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| edgar index | 8-K — Forward Industries, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Brazier Mark Christopher | View Filing | |
| form 4 | Form 4 — Brazier Mark Christopher | View Filing | |
| edgar index | 3 — Forward Industries, Inc. | View Filing | |
| edgar index | 4/A — Forward Industries, Inc. | View Filing | |
| edgar index | SCHEDULE 13D/A — Forward Industries, Inc. | View Filing | |
| edgar index | 8-K — Forward Industries, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3/A — Forward Industries, Inc. | View Filing | |
| form 3 | Form 3 — Gurinas Paul Andrew | View Filing | |
| form 3 | Form 3 — PXG, LLC | View Filing | |
| form 3 | Form 3 — J Digital 6 Cayman Ltd. | View Filing | |
| form 3 | Form 3 — J Digital 6 Cayman Ltd. | View Filing | |
| form 3 | Form 3 — DiSomma William Joseph | View Filing | |
| form 3 | Form 3 — J Digital 6 LLC | View Filing | |
| form 3 | Form 3 — Gurinas Paul Andrew | View Filing | |
| form 3 | Form 3 — PXG, LLC | View Filing | |
| form 3 | Form 3 — J Digital 6 LLC | View Filing | |
| form 3 | Form 3 — DYSO TC, LLC | View Filing | |
| form 3 | Form 3 — DiSomma William Joseph | View Filing | |
| form 3 | Form 3 — DYSO TC, LLC | View Filing | |
| form 3 | Form 3 — Gurinas Paul Andrew | View Filing | |
| form 3 | Form 3 — J Digital 6 LLC | View Filing | |
| form 3 | Form 3 — DiSomma William Joseph | View Filing | |
| form 3 | Form 3 — PXG, LLC | View Filing | |
| form 3 | Form 3 — DYSO TC, LLC | View Filing | |
| form 3 | Form 3 — J Digital 6 Cayman Ltd. | View Filing | |
| edgar index | 8-K — Forward Industries, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3 — Forward Industries, Inc. | View Filing | |
| edgar index | 8-K — Forward Industries, Inc. | View Filing | |
| edgar index | 3 — Forward Industries, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 3 | Form 3 — J Digital 6 Cayman Ltd. | View Filing | |
| form 3 | Form 3 — J Digital 6 LLC | View Filing | |
| form 3 | Form 3 — J Digital 6 Cayman Ltd. | View Filing | |
| form 3 | Form 3 — J Digital 6 LLC | View Filing | |
| form 3 | Form 3 — J Digital 6 Cayman Ltd. | View Filing | |
| form 3 | Form 3 — J Digital 6 LLC | View Filing | |
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| form 4 | Form 4 — Shah Sangita | View Filing | |
| form 4 | Form 4 — Johnson Keith J | View Filing | |
| form 4 | Form 4 — Pruitt Michael D | View Filing | |
| edgar index | 8-K — Forward Industries, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Quinn Georgia P | View Filing | |
| form 4 | Form 4 — Quinn Georgia P | View Filing | |
| form 4 | Form 4 — Navi Ryan David | View Filing | |
| form 4 | Form 4 — Navi Ryan David | View Filing | |
| form 4 | Form 4 — Weisberg Kathleen | View Filing | |
| edgar index | SCHEDULE 13D/A — Forward Industries, Inc. | View Filing | |
| edgar index | 10-Q — Forward Industries, Inc. | View Filing | |
| edgar index | DEF 14A — Forward Industries, Inc. | View Filing | |
| edgar index | PRE 14A — Forward Industries, Inc. | View Filing | |
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| form 4 | Form 4 — Navi Ryan David | View Filing | |
| edgar index | 4 — Forward Industries, Inc. | View Filing | |
| form 4 | Form 4 — Pruitt Michael D | View Filing | |
| edgar index | 10-K — Forward Industries, Inc. | View Filing | |
| edgar index | 8-K — Forward Industries, Inc. | View Filing |