profit from every $100 of sales.
$0$100
Forward Industries
$4.94-2.76% today
-44.7% in 1 year
1-year low $3.541-year high $9.12
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Forward Industries sold, what it kept, and what it did with the cash.
Sales went from $38.2 million in 2022 to $18.2 million in 2025, with -$167 million of profit last year.
SalesProfit
Forward Industries vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Forward Industries | No profit yet | ||
 Deckers Outdoor | 11.3× · Cheap | ||
 Crocs | No profit yet | ||
 Steven Madden | 68.8× · Very expensive | ||
 Wolverine World Wide | 21.3× · Fair price |
AI analysis
An AI analyst reads Forward Industries's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 38 | 37 | 20 | 18 | |
| 9 | 8 | 5 | 5 | |
| 1 | 0 | -2 | -6 | |
| 1 | 1 | -2 | -169 | |
| -1 | -4 | -2 | -167 | |
| -1.40 | -3.70 | -1.77 | -24.59 | |
| 23.0% | 22.8% | 25.9% | 28.5% | |
| 1.5% | 0.4% | -9.8% | -35.0% | |
| -3.6% | -10.2% | -9.8% | -918.1% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 21 | 17 | 15 | 1,475 |
| Cash | 3 | 3 | 3 | 38 |
| Total debt | 5 | 4 | 3 | 3 |
| Total liabilities | 15 | 15 | 12 | 5 |
| 6 | 3 | 3 | 1,470 | |
| 1 | 1 | 1 | 7 | |
| 4.0% | 3.2% | -25.7% | -9.1% | |
| -22.0% | -142.8% | -65.7% | -11.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2 | 1 | 1 | -5 | |
| 0 | 0 | 0 | 0 | |
| 1 | 1 | 0 | -5 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 0 | 0 | 0 | 3 |
Valuation
- –
- –
- –
- 0.5×
- 22.1×
- –
- –
- -1.1%
- -41.5%
- 0.0%
Profitability
- 28.5%
- -35.0%
- -918.1%
- -480.5%
- -17.9%
- -20.7%
- -127.6%
- -84.2%
- -18.0%
- –
Growth
- −21.9%
- –
- −1,539.9%
- –
- +61.6%
Financial health
- -0.2×
- 0.01
- 0.7%
- -4,270.6×
- 6.24
- 6.24
- 0.04
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 2%of 976
Bottom 1%of 992
Bottom 1%of 992
Bottom 12%of 979
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 14, 2026 | -2.98 | -0.03 | −9,833.3% |
| Feb 12, 2026 | 0.08 | – | – |
| Dec 26, 2025 | -24.15 | – | – |
| Aug 14, 2025 | -2.17 | – | – |
| May 14, 2025 | -1.65 | – | – |
| Feb 13, 2025 | -0.64 | – | – |
| Dec 27, 2024 | -0.58 | – | – |
| Aug 14, 2024 | -0.34 | – | – |
News
Warren Buffett’s 1991 Playbook Points The Path Forward As Nvidia Reportedly Prepares To Oust Jensen Huang. Buffett Said He Could Forgive Losses, But There Was One Thing He Would Be Ruthless AboutYahoo Finance · Nov 12, 2026RLX Technology (RLX): Overseas Expansion Must Deliver Beyond a Revenue Pull-ForwardYahoo Finance · Nov 6, 2026BUUU Group announces 10-for-1 forward share splitSeeking Alpha · Oct 16, 2026Archer-Daniels Stock is Trading at 15 Times Forward Earnings. Is that Cheap?Yahoo Finance · Oct 4, 2026Bristol Myers Squibb Now Trades at Only 9.4X Forward Earnings -- Is This Value Stock a Buy?Yahoo Finance · Oct 3, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
25No pass
Benjamin Graham
73Pass
Philip Fisher
26No pass
Peter Lynch
40No pass
Joel Greenblatt
0No pass
Charlie Munger
25No pass
Terry Smith
18No pass
Questions about Forward Industries
Is Forward Industries a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Forward Industries AI analysis
What does Forward Industries do?
Forward Industries, Inc., together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for handheld electronic devices. The company operates in three segments: OEM Distribution, Retail Distribution, and Design. It is in Apparel - Footwear & Accessories.
Does Forward Industries pay a dividend?
No. Forward Industries does not pay a dividend at the moment.
Is Forward Industries stock halal?
Yes. Forward Industries passes our halal screen: its business is permitted and its debt is 0.6% of its market value, under the 30% limit. How we check
How has Forward Industries stock done over the past year?
Down 44.7% over the past twelve months, to $4.94. It traded between $3.54 and $9.12 and is 45.8% below its high.
Who are Forward Industries's competitors?
The largest listed companies in the same industry are Deckers Outdoor, Crocs, Steven Madden and Wolverine World Wide. The peers table on this page compares their profit, growth and price with Forward Industries's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.