Forward Industries, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Forward Industries, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $18.19M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $19.99M | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | $36.69M | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | $38.21M | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | $39.02M | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | $34.48M | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | $37.41M | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | $34.50M | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | $24.76M | Dec 20, 2018 |
| FY2012 | Sep 30, 2012 | $29.4K | Dec 20, 2012 |
Revenue (Net Sales)
Net sales revenue — gross revenue less returns, allowances, and discounts. Used by many manufacturers and retailers as the primary top-line figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2013 | Sep 30, 2013 | $30.91M | Jan 14, 2014 |
| FY2013 | Sep 30, 2012 | $29.40M | Jan 14, 2014 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $5.19M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $5.18M | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | $8.36M | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | $8.80M | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | $8.13M | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | $6.64M | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | $6.58M | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | $6.57M | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | $4.19M | Dec 20, 2018 |
| FY2017 | Sep 30, 2016 | $5.08M | Dec 14, 2017 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | ($166.97M) | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | ($1.95M) | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | ($3.74M) | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | ($1.38M) | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | $523.8K | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | ($1.78M) | Dec 16, 2021 |
| FY2019 | Sep 30, 2019 | ($1.84M) | Dec 27, 2019 |
| FY2019 | Jun 30, 2019 | ($104.1K) | Dec 27, 2019 |
| FY2019 | Mar 31, 2019 | ($1.13M) | Dec 27, 2019 |
| FY2019 | Dec 31, 2018 | ($530.5K) | Dec 27, 2019 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | ($8.39M) | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | ($2.15M) | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | $159.7K | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | $588.5K | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | ($765.0K) | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | ($1.98M) | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | ($3.10M) | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | $260.7K | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | $598.5K | Dec 20, 2018 |
| FY2017 | Sep 30, 2016 | $617.0K | Dec 14, 2017 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | ($4.50M) | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $519.8K | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | $1.04M | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | $1.53M | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | ($528.3K) | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | ($262.9K) | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | ($1.97M) | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | $956.5K | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | ($137.6K) | Dec 20, 2018 |
| FY2017 | Sep 30, 2016 | $768.3K | Dec 14, 2017 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $25.8K | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $65.2K | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | $136.1K | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | $169.6K | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | $67.2K | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | $68.5K | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | $33.1K | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | $55.9K | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | $0 | Dec 20, 2018 |
| FY2017 | Sep 30, 2016 | $48.1K | Dec 14, 2017 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $1.47B | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $14.77M | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | $17.39M | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | $20.94M | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | $19.86M | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | $19.36M | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | $16.09M | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | $19.23M | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | $13.15M | Dec 20, 2018 |
| FY2017 | Sep 30, 2016 | $12.40M | Dec 14, 2017 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $4.82M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $11.80M | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | $14.77M | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | $14.67M | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | $12.41M | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | $12.77M | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | $8.38M | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | $8.13M | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | $4.22M | Dec 20, 2018 |
| FY2017 | Sep 30, 2016 | $4.22M | Dec 14, 2017 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $1.47B | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $2.97M | Dec 11, 2025 |
| FY2025 | Sep 30, 2023 | $2.62M | Dec 11, 2025 |
| FY2024 | Sep 30, 2022 | $6.27M | Dec 27, 2024 |
| FY2023 | Sep 30, 2021 | $7.44M | Dec 21, 2023 |
| FY2022 | Sep 30, 2020 | $6.58M | Dec 16, 2022 |
| FY2021 | Sep 30, 2019 | $7.71M | Dec 16, 2021 |
| FY2019 | Jun 30, 2019 | $9.52M | Dec 27, 2019 |
| FY2019 | Mar 31, 2019 | $9.59M | Dec 27, 2019 |
| FY2019 | Dec 31, 2018 | $10.58M | Dec 27, 2019 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $0 | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $1.56M | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | $1.76M | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | $1.76M | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | $1.76M | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | $1.76M | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | $2.18M | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | $2.18M | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | $0 | Dec 20, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | ($186.61M) | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | ($19.64M) | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | ($17.69M) | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | ($13.95M) | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | ($12.57M) | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | ($13.10M) | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | ($11.32M) | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | ($7.72M) | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | ($9.10M) | Dec 20, 2018 |
| FY2017 | Sep 30, 2016 | ($9.67M) | Dec 14, 2017 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2016 | Sep 30, 2016 | $4.76M | Dec 12, 2016 |
| FY2016 | Sep 30, 2015 | $4.04M | Dec 12, 2016 |
| FY2016 | Sep 30, 2014 | $6.48M | Dec 12, 2016 |
| FY2015 | Sep 30, 2013 | $6.62M | Dec 16, 2015 |
| FY2014 | Sep 30, 2012 | $4.61M | Dec 10, 2014 |
| FY2013 | Sep 30, 2011 | $14.91M | Jan 14, 2014 |
| FY2012 | Sep 30, 2010 | $18.47M | Dec 20, 2012 |
| FY2011 | Sep 30, 2009 | $20.10M | Dec 15, 2011 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2020 | Sep 30, 2020 | $1.51M | Dec 17, 2020 |
| FY2019 | Sep 30, 2019 | $54.0K | Dec 27, 2019 |
| FY2018 | Sep 30, 2018 | $224.4K | Dec 20, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | (24) | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | (1) | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | (3) | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | 0 | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | 0 | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | 0 | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | 0 | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | 0 | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | 0 | Dec 20, 2018 |
| FY2017 | Sep 30, 2016 | 0 | Dec 14, 2017 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | (24) | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | (1) | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | (3) | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | 0 | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | 0 | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | 0 | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | 0 | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | 0 | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | 0 | Dec 20, 2018 |
| FY2017 | Sep 30, 2016 | 0 | Dec 14, 2017 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | 86.15M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | 1.10M | Dec 11, 2025 |
| FY2024 | Sep 30, 2023 | 1.10M | Dec 27, 2024 |
| FY2023 | Sep 30, 2022 | 10.06M | Dec 21, 2023 |
| FY2022 | Sep 30, 2021 | 10.06M | Dec 16, 2022 |
| FY2021 | Sep 30, 2020 | 9.88M | Dec 16, 2021 |
| FY2020 | Sep 30, 2019 | 9.53M | Dec 17, 2020 |
| FY2019 | Sep 30, 2018 | 9.53M | Dec 27, 2019 |
| FY2018 | Sep 30, 2017 | 8.92M | Dec 20, 2018 |
| FY2017 | Sep 30, 2016 | 8.78M | Dec 14, 2017 |