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FORWARD INDUSTRIES INC

EDGAR

FORD Quarterly report (10-Q) · filed 2026-08-12

Annual consolidated revenue for 2025: about USD 18.19M, using the latest reported figures. The previous period, 2024, was about USD 19.99M.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

10.8 million USD

2026 Q3 · USD

Exact inputs and evidence

Revenue: 10779711 USD Source

Operating margin

-651.82%

2026 Q3 · %

Exact inputs and evidence

Operating Income: -70263877 USD Source
Revenue: 10779711 USD Source

Operating cash flow

-3.35 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: -16078546 USD Source
Operating Cash Flow: -12727827 USD Source

Free cash flow

-3.35 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: -16078546 USD Source
Operating Cash Flow: -12727827 USD Source
Capital Expenditure: 3364 USD Source
Capital Expenditure: 3364 USD Source

Cash and cash equivalents: 4.76 million USD 2016-09-30 Source
Exact value

4760620 USD
Long-term debt including current maturities: 1.51 million USD 2020-09-30 Source
Exact value

1513000 USD
Shares outstanding: 73.8 million shares 2026-06-30 Source
Exact value

73846883 shares

Reported share-count change

6,458.35% · 72.7 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

1125998 shares · 2025-06-30· Source
73846883 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

53.1 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 18187525 USD · 2024-10-01 – 2025-09-30 Source
Revenue: 10242151 USD · 2024-10-01 – 2025-06-30 Source
Revenue: 21435250 USD · 2025-10-01 – 2025-12-31 Source
Revenue: 12961114 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 10779711 USD · 2026-04-01 – 2026-06-30 Source

Net income

-1.1 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: -166974340 USD · 2024-10-01 – 2025-09-30 Source
Net income: -3009698 USD · 2024-10-01 – 2025-06-30 Source
Net income: -585651086 USD · 2025-10-01 – 2025-12-31 Source
Net income: -283082136 USD · 2026-01-01 – 2026-03-31 Source
Net income: -68959173 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

-18.4 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: -4502087 USD · 2024-10-01 – 2025-09-30 Source
Operating cash flow: -2199330 USD · 2024-10-01 – 2025-06-30 Source
Operating cash flow: -7929151 USD · 2025-10-01 – 2025-12-31 Source
Operating cash flow: -12727827 USD · 2025-10-01 – 2026-03-31 Source
Operating cash flow: -7929151 USD · 2025-10-01 – 2025-12-31 Source
Operating cash flow: -16078546 USD · 2025-10-01 – 2026-06-30 Source
Operating cash flow: -12727827 USD · 2025-10-01 – 2026-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-12.

Financial data available through: 2025-09-30.

Coverage by financial measure

Revenue: 9 of 11 periods available· newest 2025-09-30
Operating income: 11 of 11 periods available· newest 2025-09-30
Net income: 11 of 11 periods available· newest 2025-09-30
Operating cash flow: 11 of 11 periods available· newest 2025-09-30
Capital expenditure: 11 of 11 periods available· newest 2025-09-30
Total assets: 9 of 11 periods available· newest 2025-09-30
Total liabilities: 9 of 11 periods available· newest 2025-09-30
Current assets: 9 of 11 periods available· newest 2025-09-30
Current liabilities: 9 of 11 periods available· newest 2025-09-30
cash and cash equivalents: No compatible figures in this window
Long-term debt including current maturities: 3 of 11 periods available· newest 2020-09-30
Shares outstanding: 9 of 11 periods available· newest 2025-09-30

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
-9%

Prior period

USD 19.99 million

2023-10-01 – 2024-09-30
Current period

USD 18.19 million

2024-10-01 – 2025-09-30

Exact inputs and evidence

18187525 − 19990833 = -1803308 USD

19990833 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source
18187525 USD · 2024-10-01 – 2025-09-30
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · FORWARD INDUSTRIES INC · 2025-09-30 FORWARD INDUSTRIES INC (edgar:38264) Year-over-year change in Revenue: -1803308 USD Concept: fundies:Revenue Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 18187525 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#660334 Filing: 000168316825009068 Input fundies:Revenue: 19990833 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#660693 Filing: 000168316825009068
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Net income
−USD 165.02 million

Prior period

−USD 1.95 million

2023-10-01 – 2024-09-30
Current period

−USD 166.97 million

2024-10-01 – 2025-09-30

Exact inputs and evidence

-166974340 − -1950587 = -165023753 USD

-1950587 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source
-166974340 USD · 2024-10-01 – 2025-09-30
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · FORWARD INDUSTRIES INC · 2025-09-30 FORWARD INDUSTRIES INC (edgar:38264) Year-over-year change in Net income: -165023753 USD Concept: fundies:NetIncome Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -166974340 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#804115 Filing: 000168316825009068 Input fundies:NetIncome: -1950587 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#804495 Filing: 000168316825009068
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-966.2%

Prior period

USD 519,770

2023-10-01 – 2024-09-30
Current period

−USD 4.5 million

2024-10-01 – 2025-09-30

Exact inputs and evidence

-4502087 − 519770 = -5021857 USD

519770 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source
-4502087 USD · 2024-10-01 – 2025-09-30
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · FORWARD INDUSTRIES INC · 2025-09-30 FORWARD INDUSTRIES INC (edgar:38264) Year-over-year change in Operating cash flow: -5021857 USD Concept: fundies:OperatingCashFlow Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -4502087 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#824454 Filing: 000168316825009068 Input fundies:OperatingCashFlow: 519770 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#824926 Filing: 000168316825009068
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-60.4%

Prior period

USD 65,154

2023-10-01 – 2024-09-30
Current period

USD 25,774

2024-10-01 – 2025-09-30

Exact inputs and evidence

25774 − 65154 = -39380 USD

65154 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source
25774 USD · 2024-10-01 – 2025-09-30
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · FORWARD INDUSTRIES INC · 2025-09-30 FORWARD INDUSTRIES INC (edgar:38264) Year-over-year change in Capital expenditure: -39380 USD Concept: fundies:CapitalExpenditure Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 25774 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#828476 Filing: 000168316825009068 Input fundies:CapitalExpenditure: 65154 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#828937 Filing: 000168316825009068
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2024-10-01 – 2025-09-30

Revenue USD 18.19 million 100% of revenue
Operating costs Derived USD 26.58 million 146% of revenue
Operating income −USD 8.39 million −46% of revenue
Tax, interest and other Derived USD 158.58 million 872% of revenue
Net income −USD 166.97 million −918% of revenue

Cash

Operating cash flow −USD 4.5 million −25% of revenue
Capital expenditure USD 25,774 0.1% of revenue
Free cash flow Derived −USD 4.53 million −25% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2017 98%
2018 Net income was higher than operating income, so the split is not drawn.
2019 Operating loss: operating costs were 108% of revenue.
2020 Operating loss: operating costs were 106% of revenue.
2021 Operating loss: operating costs were 102% of revenue.
2022 Net loss: net income was −3.6% of revenue.
2023 Net loss: net income was −10% of revenue.
2024 Operating loss: operating costs were 111% of revenue.
2025 Operating loss: operating costs were 146% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2017 2016-10-01 – 2017-09-30	24764613	24166143 Derived	598470	19124 Derived	579346	-137639 Derived	Source 2016-10-01 – 2017-09-30: 24764613 USD Inspect Revenue Open source 2016-10-01 – 2017-09-30: 598470 USD Inspect Operating Income Open source 2016-10-01 – 2017-09-30: 579346 USD Inspect Net Income Open source 2016-10-01 – 2017-09-30: -137639 USD Inspect Operating Cash Flow Open source 2016-10-01 – 2017-09-30: 0 USD Inspect Capital Expenditure Open source
2018 2017-10-01 – 2018-09-30	34499503	34238851 Derived	260652	-1118668 Derived	1379320	900604 Derived	Source 2017-10-01 – 2018-09-30: 34499503 USD Inspect Revenue Open source 2017-10-01 – 2018-09-30: 260652 USD Inspect Operating Income Open source 2017-10-01 – 2018-09-30: 1379320 USD Inspect Net Income Open source 2017-10-01 – 2018-09-30: 956485 USD Inspect Operating Cash Flow Open source 2017-10-01 – 2018-09-30: 55881 USD Inspect Capital Expenditure Open source
2019 2018-10-01 – 2019-09-30	37409030	40506413 Derived	-3097383	506647 Derived	-3604030	-2002867 Derived	Source 2018-10-01 – 2019-09-30: 37409030 USD Inspect Revenue Open source 2018-10-01 – 2019-09-30: -3097383 USD Inspect Operating Income Open source 2018-10-01 – 2019-09-30: -3604030 USD Inspect Net Income Open source 2018-10-01 – 2019-09-30: -1969729 USD Inspect Operating Cash Flow Open source 2018-10-01 – 2019-09-30: 33138 USD Inspect Capital Expenditure Open source
2020 2019-10-01 – 2020-09-30	34478358	36460741 Derived	-1982383	-207102 Derived	-1775281	-331402 Derived	Source 2019-10-01 – 2020-09-30: 34478358 USD Inspect Revenue Open source 2019-10-01 – 2020-09-30: -1982383 USD Inspect Operating Income Open source 2019-10-01 – 2020-09-30: -1775281 USD Inspect Net Income Open source 2019-10-01 – 2020-09-30: -262946 USD Inspect Operating Cash Flow Open source 2019-10-01 – 2020-09-30: 68456 USD Inspect Capital Expenditure Open source
2021 2020-10-01 – 2021-09-30	39021996	39786995 Derived	-764999	-1288804 Derived	523805	-595518 Derived	Source 2020-10-01 – 2021-09-30: 39021996 USD Inspect Revenue Open source 2020-10-01 – 2021-09-30: -764999 USD Inspect Operating Income Open source 2020-10-01 – 2021-09-30: 523805 USD Inspect Net Income Open source 2020-10-01 – 2021-09-30: -528311 USD Inspect Operating Cash Flow Open source 2020-10-01 – 2021-09-30: 67207 USD Inspect Capital Expenditure Open source
2022 2021-10-01 – 2022-09-30	38206958	37618488 Derived	588470	1966721 Derived	-1378251	1365157 Derived	Source 2021-10-01 – 2022-09-30: 38206958 USD Inspect Revenue Open source 2021-10-01 – 2022-09-30: 588470 USD Inspect Operating Income Open source 2021-10-01 – 2022-09-30: -1378251 USD Inspect Net Income Open source 2021-10-01 – 2022-09-30: 1534788 USD Inspect Operating Cash Flow Open source 2021-10-01 – 2022-09-30: 169631 USD Inspect Capital Expenditure Open source
2023 2022-10-01 – 2023-09-30	36688307	36528649 Derived	159658	3896315 Derived	-3736657	904946 Derived	Source 2022-10-01 – 2023-09-30: 36688307 USD Inspect Revenue Open source 2022-10-01 – 2023-09-30: 159658 USD Inspect Operating Income Open source 2022-10-01 – 2023-09-30: -3736657 USD Inspect Net Income Open source 2022-10-01 – 2023-09-30: 1041028 USD Inspect Operating Cash Flow Open source 2022-10-01 – 2023-09-30: 136082 USD Inspect Capital Expenditure Open source
2024 2023-10-01 – 2024-09-30	19990833	22141951 Derived	-2151118	-200531 Derived	-1950587	454616 Derived	Source 2023-10-01 – 2024-09-30: 19990833 USD Inspect Revenue Open source 2023-10-01 – 2024-09-30: -2151118 USD Inspect Operating Income Open source 2023-10-01 – 2024-09-30: -1950587 USD Inspect Net Income Open source 2023-10-01 – 2024-09-30: 519770 USD Inspect Operating Cash Flow Open source 2023-10-01 – 2024-09-30: 65154 USD Inspect Capital Expenditure Open source
2025 2024-10-01 – 2025-09-30	18187525	26579945 Derived	-8392420	158581920 Derived	-166974340	-4527861 Derived	Source 2024-10-01 – 2025-09-30: 18187525 USD Inspect Revenue Open source 2024-10-01 – 2025-09-30: -8392420 USD Inspect Operating Income Open source 2024-10-01 – 2025-09-30: -166974340 USD Inspect Net Income Open source 2024-10-01 – 2025-09-30: -4502087 USD Inspect Operating Cash Flow Open source 2024-10-01 – 2025-09-30: 25774 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 18.2M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20172017-09-30	Revenue	24764613	Revenue: 24764613 Open source
20182018-09-30	Revenue	34499503	Revenue: 34499503 Open source
20192019-09-30	Revenue	37409030	Revenue: 37409030 Open source
20202020-09-30	Revenue	34478358	Revenue: 34478358 Open source
20212021-09-30	Revenue	39021996	Revenue: 39021996 Open source
20222022-09-30	Revenue	38206958	Revenue: 38206958 Open source
20232023-09-30	Revenue	36688307	Revenue: 36688307 Open source
20242024-09-30	Revenue	19990833	Revenue: 19990833 Open source
20252025-09-30	Revenue	18187525	Revenue: 18187525 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

-9% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20172017-09-30	Year over year	No prior comparable period	Revenue: 24764613 Open source
20182018-09-30	Year over year	39.3%	Revenue: 34499503 Open source Revenue: 24764613 Open source
20192019-09-30	Year over year	8.4%	Revenue: 37409030 Open source Revenue: 34499503 Open source
20202020-09-30	Year over year	-7.8%	Revenue: 34478358 Open source Revenue: 37409030 Open source
20212021-09-30	Year over year	13.2%	Revenue: 39021996 Open source Revenue: 34478358 Open source
20222022-09-30	Year over year	-2.1%	Revenue: 38206958 Open source Revenue: 39021996 Open source
20232023-09-30	Year over year	-4%	Revenue: 36688307 Open source Revenue: 38206958 Open source
20242024-09-30	Year over year	-45.5%	Revenue: 19990833 Open source Revenue: 36688307 Open source
20252025-09-30	Year over year	-9%	Revenue: 18187525 Open source Revenue: 19990833 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -46.1% 2025

Net margin -918.1% 2025

Free cash flow margin -24.9% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20172017-09-30	Operating margin	2.4%	Operating Income: 598470 Open source Revenue: 24764613 Open source
20182018-09-30	Operating margin	0.8%	Operating Income: 260652 Open source Revenue: 34499503 Open source
20192019-09-30	Operating margin	-8.3%	Operating Income: -3097383 Open source Revenue: 37409030 Open source
20202020-09-30	Operating margin	-5.7%	Operating Income: -1982383 Open source Revenue: 34478358 Open source
20212021-09-30	Operating margin	-2%	Operating Income: -764999 Open source Revenue: 39021996 Open source
20222022-09-30	Operating margin	1.5%	Operating Income: 588470 Open source Revenue: 38206958 Open source
20232023-09-30	Operating margin	0.4%	Operating Income: 159658 Open source Revenue: 36688307 Open source
20242024-09-30	Operating margin	-10.8%	Operating Income: -2151118 Open source Revenue: 19990833 Open source
20252025-09-30	Operating margin	-46.1%	Operating Income: -8392420 Open source Revenue: 18187525 Open source
20172017-09-30	Net margin	2.3%	Net Income: 579346 Open source Revenue: 24764613 Open source
20182018-09-30	Net margin	4%	Net Income: 1379320 Open source Revenue: 34499503 Open source
20192019-09-30	Net margin	-9.6%	Net Income: -3604030 Open source Revenue: 37409030 Open source
20202020-09-30	Net margin	-5.1%	Net Income: -1775281 Open source Revenue: 34478358 Open source
20212021-09-30	Net margin	1.3%	Net Income: 523805 Open source Revenue: 39021996 Open source
20222022-09-30	Net margin	-3.6%	Net Income: -1378251 Open source Revenue: 38206958 Open source
20232023-09-30	Net margin	-10.2%	Net Income: -3736657 Open source Revenue: 36688307 Open source
20242024-09-30	Net margin	-9.8%	Net Income: -1950587 Open source Revenue: 19990833 Open source
20252025-09-30	Net margin	-918.1%	Net Income: -166974340 Open source Revenue: 18187525 Open source
20172017-09-30	Free cash flow margin	-0.6%	Revenue: 24764613 Open source Operating Cash Flow: -137639 Open source Capital Expenditure: 0 Open source
20182018-09-30	Free cash flow margin	2.6%	Revenue: 34499503 Open source Operating Cash Flow: 956485 Open source Capital Expenditure: 55881 Open source
20192019-09-30	Free cash flow margin	-5.4%	Revenue: 37409030 Open source Operating Cash Flow: -1969729 Open source Capital Expenditure: 33138 Open source
20202020-09-30	Free cash flow margin	-1%	Revenue: 34478358 Open source Operating Cash Flow: -262946 Open source Capital Expenditure: 68456 Open source
20212021-09-30	Free cash flow margin	-1.5%	Revenue: 39021996 Open source Operating Cash Flow: -528311 Open source Capital Expenditure: 67207 Open source
20222022-09-30	Free cash flow margin	3.6%	Revenue: 38206958 Open source Operating Cash Flow: 1534788 Open source Capital Expenditure: 169631 Open source
20232023-09-30	Free cash flow margin	2.5%	Revenue: 36688307 Open source Operating Cash Flow: 1041028 Open source Capital Expenditure: 136082 Open source
20242024-09-30	Free cash flow margin	2.3%	Revenue: 19990833 Open source Operating Cash Flow: 519770 Open source Capital Expenditure: 65154 Open source
20252025-09-30	Free cash flow margin	-24.9%	Revenue: 18187525 Open source Operating Cash Flow: -4502087 Open source Capital Expenditure: 25774 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -4.5M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20172017-09-30	Operating cash flow	-137639	Operating Cash Flow: -137639 Open source
20182018-09-30	Operating cash flow	956485	Operating Cash Flow: 956485 Open source
20192019-09-30	Operating cash flow	-1969729	Operating Cash Flow: -1969729 Open source
20202020-09-30	Operating cash flow	-262946	Operating Cash Flow: -262946 Open source
20212021-09-30	Operating cash flow	-528311	Operating Cash Flow: -528311 Open source
20222022-09-30	Operating cash flow	1534788	Operating Cash Flow: 1534788 Open source
20232023-09-30	Operating cash flow	1041028	Operating Cash Flow: 1041028 Open source
20242024-09-30	Operating cash flow	519770	Operating Cash Flow: 519770 Open source
20252025-09-30	Operating cash flow	-4502087	Operating Cash Flow: -4502087 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -4.5M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20172017-09-30	Free cash flow	-137639	Operating Cash Flow: -137639 Open source Capital Expenditure: 0 Open source
20182018-09-30	Free cash flow	900604	Operating Cash Flow: 956485 Open source Capital Expenditure: 55881 Open source
20192019-09-30	Free cash flow	-2002867	Operating Cash Flow: -1969729 Open source Capital Expenditure: 33138 Open source
20202020-09-30	Free cash flow	-331402	Operating Cash Flow: -262946 Open source Capital Expenditure: 68456 Open source
20212021-09-30	Free cash flow	-595518	Operating Cash Flow: -528311 Open source Capital Expenditure: 67207 Open source
20222022-09-30	Free cash flow	1365157	Operating Cash Flow: 1534788 Open source Capital Expenditure: 169631 Open source
20232023-09-30	Free cash flow	904946	Operating Cash Flow: 1041028 Open source Capital Expenditure: 136082 Open source
20242024-09-30	Free cash flow	454616	Operating Cash Flow: 519770 Open source Capital Expenditure: 65154 Open source
20252025-09-30	Free cash flow	-4527861	Operating Cash Flow: -4502087 Open source Capital Expenditure: 25774 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

0.3% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20172017-09-30	Liabilities / assets	32.1%	Total Liabilities: 4223524 Open source Total Assets: 13153946 Open source
20182018-09-30	Liabilities / assets	42.3%	Total Liabilities: 8128271 Open source Total Assets: 19227866 Open source
20192019-09-30	Liabilities / assets	52.1%	Total Liabilities: 8383053 Open source Total Assets: 16094352 Open source
20202020-09-30	Liabilities / assets	66%	Total Liabilities: 12773196 Open source Total Assets: 19356268 Open source
20212021-09-30	Liabilities / assets	62.5%	Total Liabilities: 12412096 Open source Total Assets: 19855539 Open source
20222022-09-30	Liabilities / assets	70.1%	Total Liabilities: 14672588 Open source Total Assets: 20939015 Open source
20232023-09-30	Liabilities / assets	85%	Total Liabilities: 14769881 Open source Total Assets: 17386142 Open source
20242024-09-30	Liabilities / assets	79.9%	Total Liabilities: 11801322 Open source Total Assets: 14768356 Open source
20252025-09-30	Liabilities / assets	0.3%	Total Liabilities: 4817622 Open source Total Assets: 1474942489 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

15.14× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20172017-09-30	Current assets / current liabilities	3.13×	Current Assets: 13120445 Open source Current Liabilities: 4186561 Open source
20182018-09-30	Current assets / current liabilities	2×	Current Assets: 15211732 Open source Current Liabilities: 7624290 Open source
20192019-09-30	Current assets / current liabilities	1.43×	Current Assets: 11838262 Open source Current Liabilities: 8295680 Open source
20202020-09-30	Current assets / current liabilities	1.38×	Current Assets: 12222109 Open source Current Liabilities: 8826366 Open source
20212021-09-30	Current assets / current liabilities	1.78×	Current Assets: 12794709 Open source Current Liabilities: 7208043 Open source
20222022-09-30	Current assets / current liabilities	1.44×	Current Assets: 14336823 Open source Current Liabilities: 9977764 Open source
20232023-09-30	Current assets / current liabilities	1.05×	Current Assets: 11370219 Open source Current Liabilities: 10836099 Open source
20242024-09-30	Current assets / current liabilities	1.03×	Current Assets: 9649414 Open source Current Liabilities: 9371596 Open source
20252025-09-30	Current assets / current liabilities	15.14×	Current Assets: 41221956 Open source Current Liabilities: 2723543 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2015-10-01 – 2016-09-30	USD 606,562 Exact value Exact value: 606562 USD 2015-10-01 – 2016-09-30: 606562 USD Inspect Net Income Open source Share or cite Citation for Net Income · FORWARD INDUSTRIES INC · 2016-09-30 FORWARD INDUSTRIES INC (edgar:38264) Net Income: 606562 USD Concept: fundies:NetIncome Period: 2015-10-01 to 2016-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ANetIncome&period=2016-09-30&surface=latest&period_type=duration&start=2015-10-01&unit=USD&dimensions= Input fundies:NetIncome: 606562 USD (2015-10-01 to 2016-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000100329717000352/ford-20170930.xml#102406 Filing: 000100329717000352 The citation records this snapshot. The page link may show a newer release later.	USD 768,284 Exact value Exact value: 768284 USD 2015-10-01 – 2016-09-30: 768284 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · FORWARD INDUSTRIES INC · 2016-09-30 FORWARD INDUSTRIES INC (edgar:38264) Operating Cash Flow: 768284 USD Concept: fundies:OperatingCashFlow Period: 2015-10-01 to 2016-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3AOperatingCashFlow&period=2016-09-30&surface=latest&period_type=duration&start=2015-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 768284 USD (2015-10-01 to 2016-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000100329717000352/ford-20170930.xml#165500 Filing: 000100329717000352 The citation records this snapshot. The page link may show a newer release later.	USD 48,121 Exact value Exact value: 48121 USD 2015-10-01 – 2016-09-30: 48121 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · FORWARD INDUSTRIES INC · 2016-09-30 FORWARD INDUSTRIES INC (edgar:38264) Capital Expenditure: 48121 USD Concept: fundies:CapitalExpenditure Period: 2015-10-01 to 2016-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ACapitalExpenditure&period=2016-09-30&surface=latest&period_type=duration&start=2015-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 48121 USD (2015-10-01 to 2016-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000100329717000352/ford-20170930.xml#131593 Filing: 000100329717000352 The citation records this snapshot. The page link may show a newer release later.	USD 720,163 Calculation and evidence 768284 − 48121 USD Exact free cash flow: 720163 USD 2015-10-01 – 2016-09-30: 768284 USD · Inspect Operating Cash Flow · Source 2015-10-01 – 2016-09-30: 48121 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · FORWARD INDUSTRIES INC · 2016-09-30 FORWARD INDUSTRIES INC (edgar:38264) Free cash flow: 720163 USD Concept: free-cash-flow Period: 2015-10-01 to 2016-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 768284 USD (2015-10-01 to 2016-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000100329717000352/ford-20170930.xml#165500 Filing: 000100329717000352 Input fundies:CapitalExpenditure: 48121 USD (2015-10-01 to 2016-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000100329717000352/ford-20170930.xml#131593 Filing: 000100329717000352 The citation records this snapshot. The page link may show a newer release later.
2017 2016-10-01 – 2017-09-30	USD 579,346 Exact value Exact value: 579346 USD 2016-10-01 – 2017-09-30: 579346 USD Inspect Net Income Open source Share or cite Citation for Net Income · FORWARD INDUSTRIES INC · 2017-09-30 FORWARD INDUSTRIES INC (edgar:38264) Net Income: 579346 USD Concept: fundies:NetIncome Period: 2016-10-01 to 2017-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ANetIncome&period=2017-09-30&surface=latest&period_type=duration&start=2016-10-01&unit=USD&dimensions= Input fundies:NetIncome: 579346 USD (2016-10-01 to 2017-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000100329718000182/ford-20180930.xml#158907 Filing: 000100329718000182 The citation records this snapshot. The page link may show a newer release later.	−USD 137,639 Exact value Exact value: -137639 USD 2016-10-01 – 2017-09-30: -137639 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · FORWARD INDUSTRIES INC · 2017-09-30 FORWARD INDUSTRIES INC (edgar:38264) Operating Cash Flow: -137639 USD Concept: fundies:OperatingCashFlow Period: 2016-10-01 to 2017-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3AOperatingCashFlow&period=2017-09-30&surface=latest&period_type=duration&start=2016-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -137639 USD (2016-10-01 to 2017-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000100329718000182/ford-20180930.xml#168070 Filing: 000100329718000182 The citation records this snapshot. The page link may show a newer release later.	USD 0 Exact value Exact value: 0 USD 2016-10-01 – 2017-09-30: 0 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · FORWARD INDUSTRIES INC · 2017-09-30 FORWARD INDUSTRIES INC (edgar:38264) Capital Expenditure: 0 USD Concept: fundies:CapitalExpenditure Period: 2016-10-01 to 2017-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ACapitalExpenditure&period=2017-09-30&surface=latest&period_type=duration&start=2016-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 0 USD (2016-10-01 to 2017-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000100329718000182/ford-20180930.xml#171400 Filing: 000100329718000182 The citation records this snapshot. The page link may show a newer release later.	−USD 137,639 Calculation and evidence -137639 − 0 USD Exact free cash flow: -137639 USD 2016-10-01 – 2017-09-30: -137639 USD · Inspect Operating Cash Flow · Source 2016-10-01 – 2017-09-30: 0 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · FORWARD INDUSTRIES INC · 2017-09-30 FORWARD INDUSTRIES INC (edgar:38264) Free cash flow: -137639 USD Concept: free-cash-flow Period: 2016-10-01 to 2017-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -137639 USD (2016-10-01 to 2017-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000100329718000182/ford-20180930.xml#168070 Filing: 000100329718000182 Input fundies:CapitalExpenditure: 0 USD (2016-10-01 to 2017-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000100329718000182/ford-20180930.xml#171400 Filing: 000100329718000182 The citation records this snapshot. The page link may show a newer release later.
2018 2017-10-01 – 2018-09-30	USD 1.38 million Exact value Exact value: 1379320 USD 2017-10-01 – 2018-09-30: 1379320 USD Inspect Net Income Open source Share or cite Citation for Net Income · FORWARD INDUSTRIES INC · 2018-09-30 FORWARD INDUSTRIES INC (edgar:38264) Net Income: 1379320 USD Concept: fundies:NetIncome Period: 2017-10-01 to 2018-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ANetIncome&period=2018-09-30&surface=latest&period_type=duration&start=2017-10-01&unit=USD&dimensions= Input fundies:NetIncome: 1379320 USD (2017-10-01 to 2018-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316819004079/ford-20190930.xml#234561 Filing: 000168316819004079 The citation records this snapshot. The page link may show a newer release later.	USD 956,485 Exact value Exact value: 956485 USD 2017-10-01 – 2018-09-30: 956485 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · FORWARD INDUSTRIES INC · 2018-09-30 FORWARD INDUSTRIES INC (edgar:38264) Operating Cash Flow: 956485 USD Concept: fundies:OperatingCashFlow Period: 2017-10-01 to 2018-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3AOperatingCashFlow&period=2018-09-30&surface=latest&period_type=duration&start=2017-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 956485 USD (2017-10-01 to 2018-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316819004079/ford-20190930.xml#245109 Filing: 000168316819004079 The citation records this snapshot. The page link may show a newer release later.	USD 55,881 Exact value Exact value: 55881 USD 2017-10-01 – 2018-09-30: 55881 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · FORWARD INDUSTRIES INC · 2018-09-30 FORWARD INDUSTRIES INC (edgar:38264) Capital Expenditure: 55881 USD Concept: fundies:CapitalExpenditure Period: 2017-10-01 to 2018-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ACapitalExpenditure&period=2018-09-30&surface=latest&period_type=duration&start=2017-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 55881 USD (2017-10-01 to 2018-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316819004079/ford-20190930.xml#248756 Filing: 000168316819004079 The citation records this snapshot. The page link may show a newer release later.	USD 900,604 Calculation and evidence 956485 − 55881 USD Exact free cash flow: 900604 USD 2017-10-01 – 2018-09-30: 956485 USD · Inspect Operating Cash Flow · Source 2017-10-01 – 2018-09-30: 55881 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · FORWARD INDUSTRIES INC · 2018-09-30 FORWARD INDUSTRIES INC (edgar:38264) Free cash flow: 900604 USD Concept: free-cash-flow Period: 2017-10-01 to 2018-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 956485 USD (2017-10-01 to 2018-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316819004079/ford-20190930.xml#245109 Filing: 000168316819004079 Input fundies:CapitalExpenditure: 55881 USD (2017-10-01 to 2018-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316819004079/ford-20190930.xml#248756 Filing: 000168316819004079 The citation records this snapshot. The page link may show a newer release later.
2019 2018-10-01 – 2019-09-30	−USD 3.6 million Exact value Exact value: -3604030 USD 2018-10-01 – 2019-09-30: -3604030 USD Inspect Net Income Open source Share or cite Citation for Net Income · FORWARD INDUSTRIES INC · 2019-09-30 FORWARD INDUSTRIES INC (edgar:38264) Net Income: -3604030 USD Concept: fundies:NetIncome Period: 2018-10-01 to 2019-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ANetIncome&period=2019-09-30&surface=latest&period_type=duration&start=2018-10-01&unit=USD&dimensions= Input fundies:NetIncome: -3604030 USD (2018-10-01 to 2019-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316820004344/ford-20200930.xml#204150 Filing: 000168316820004344 The citation records this snapshot. The page link may show a newer release later.	−USD 1.97 million Exact value Exact value: -1969729 USD 2018-10-01 – 2019-09-30: -1969729 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · FORWARD INDUSTRIES INC · 2019-09-30 FORWARD INDUSTRIES INC (edgar:38264) Operating Cash Flow: -1969729 USD Concept: fundies:OperatingCashFlow Period: 2018-10-01 to 2019-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3AOperatingCashFlow&period=2019-09-30&surface=latest&period_type=duration&start=2018-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -1969729 USD (2018-10-01 to 2019-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316820004344/ford-20200930.xml#227413 Filing: 000168316820004344 The citation records this snapshot. The page link may show a newer release later.	USD 33,138 Exact value Exact value: 33138 USD 2018-10-01 – 2019-09-30: 33138 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · FORWARD INDUSTRIES INC · 2019-09-30 FORWARD INDUSTRIES INC (edgar:38264) Capital Expenditure: 33138 USD Concept: fundies:CapitalExpenditure Period: 2018-10-01 to 2019-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ACapitalExpenditure&period=2019-09-30&surface=latest&period_type=duration&start=2018-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 33138 USD (2018-10-01 to 2019-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316820004344/ford-20200930.xml#227047 Filing: 000168316820004344 The citation records this snapshot. The page link may show a newer release later.	−USD 2 million Calculation and evidence -1969729 − 33138 USD Exact free cash flow: -2002867 USD 2018-10-01 – 2019-09-30: -1969729 USD · Inspect Operating Cash Flow · Source 2018-10-01 – 2019-09-30: 33138 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · FORWARD INDUSTRIES INC · 2019-09-30 FORWARD INDUSTRIES INC (edgar:38264) Free cash flow: -2002867 USD Concept: free-cash-flow Period: 2018-10-01 to 2019-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -1969729 USD (2018-10-01 to 2019-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316820004344/ford-20200930.xml#227413 Filing: 000168316820004344 Input fundies:CapitalExpenditure: 33138 USD (2018-10-01 to 2019-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316820004344/ford-20200930.xml#227047 Filing: 000168316820004344 The citation records this snapshot. The page link may show a newer release later.
2020 2019-10-01 – 2020-09-30	−USD 1.78 million Exact value Exact value: -1775281 USD 2019-10-01 – 2020-09-30: -1775281 USD Inspect Net Income Open source Share or cite Citation for Net Income · FORWARD INDUSTRIES INC · 2020-09-30 FORWARD INDUSTRIES INC (edgar:38264) Net Income: -1775281 USD Concept: fundies:NetIncome Period: 2019-10-01 to 2020-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ANetIncome&period=2020-09-30&surface=latest&period_type=duration&start=2019-10-01&unit=USD&dimensions= Input fundies:NetIncome: -1775281 USD (2019-10-01 to 2020-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316821006416/forward_i10k-093021.htm#546084 Filing: 000168316821006416 The citation records this snapshot. The page link may show a newer release later.	−USD 262,946 Exact value Exact value: -262946 USD 2019-10-01 – 2020-09-30: -262946 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · FORWARD INDUSTRIES INC · 2020-09-30 FORWARD INDUSTRIES INC (edgar:38264) Operating Cash Flow: -262946 USD Concept: fundies:OperatingCashFlow Period: 2019-10-01 to 2020-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3AOperatingCashFlow&period=2020-09-30&surface=latest&period_type=duration&start=2019-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -262946 USD (2019-10-01 to 2020-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316821006416/forward_i10k-093021.htm#562882 Filing: 000168316821006416 The citation records this snapshot. The page link may show a newer release later.	USD 68,456 Exact value Exact value: 68456 USD 2019-10-01 – 2020-09-30: 68456 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · FORWARD INDUSTRIES INC · 2020-09-30 FORWARD INDUSTRIES INC (edgar:38264) Capital Expenditure: 68456 USD Concept: fundies:CapitalExpenditure Period: 2019-10-01 to 2020-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ACapitalExpenditure&period=2020-09-30&surface=latest&period_type=duration&start=2019-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 68456 USD (2019-10-01 to 2020-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316821006416/forward_i10k-093021.htm#564713 Filing: 000168316821006416 The citation records this snapshot. The page link may show a newer release later.	−USD 331,402 Calculation and evidence -262946 − 68456 USD Exact free cash flow: -331402 USD 2019-10-01 – 2020-09-30: -262946 USD · Inspect Operating Cash Flow · Source 2019-10-01 – 2020-09-30: 68456 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · FORWARD INDUSTRIES INC · 2020-09-30 FORWARD INDUSTRIES INC (edgar:38264) Free cash flow: -331402 USD Concept: free-cash-flow Period: 2019-10-01 to 2020-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -262946 USD (2019-10-01 to 2020-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316821006416/forward_i10k-093021.htm#562882 Filing: 000168316821006416 Input fundies:CapitalExpenditure: 68456 USD (2019-10-01 to 2020-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316821006416/forward_i10k-093021.htm#564713 Filing: 000168316821006416 The citation records this snapshot. The page link may show a newer release later.
2021 2020-10-01 – 2021-09-30	USD 523,805 Exact value Exact value: 523805 USD 2020-10-01 – 2021-09-30: 523805 USD Inspect Net Income Open source Share or cite Citation for Net Income · FORWARD INDUSTRIES INC · 2021-09-30 FORWARD INDUSTRIES INC (edgar:38264) Net Income: 523805 USD Concept: fundies:NetIncome Period: 2020-10-01 to 2021-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ANetIncome&period=2021-09-30&surface=latest&period_type=duration&start=2020-10-01&unit=USD&dimensions= Input fundies:NetIncome: 523805 USD (2020-10-01 to 2021-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316822008471/forward_i10k-093022.htm#549797 Filing: 000168316822008471 The citation records this snapshot. The page link may show a newer release later.	−USD 528,311 Exact value Exact value: -528311 USD 2020-10-01 – 2021-09-30: -528311 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · FORWARD INDUSTRIES INC · 2021-09-30 FORWARD INDUSTRIES INC (edgar:38264) Operating Cash Flow: -528311 USD Concept: fundies:OperatingCashFlow Period: 2020-10-01 to 2021-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3AOperatingCashFlow&period=2021-09-30&surface=latest&period_type=duration&start=2020-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -528311 USD (2020-10-01 to 2021-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316822008471/forward_i10k-093022.htm#564025 Filing: 000168316822008471 The citation records this snapshot. The page link may show a newer release later.	USD 67,207 Exact value Exact value: 67207 USD 2020-10-01 – 2021-09-30: 67207 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · FORWARD INDUSTRIES INC · 2021-09-30 FORWARD INDUSTRIES INC (edgar:38264) Capital Expenditure: 67207 USD Concept: fundies:CapitalExpenditure Period: 2020-10-01 to 2021-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ACapitalExpenditure&period=2021-09-30&surface=latest&period_type=duration&start=2020-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 67207 USD (2020-10-01 to 2021-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316822008471/forward_i10k-093022.htm#566094 Filing: 000168316822008471 The citation records this snapshot. The page link may show a newer release later.	−USD 595,518 Calculation and evidence -528311 − 67207 USD Exact free cash flow: -595518 USD 2020-10-01 – 2021-09-30: -528311 USD · Inspect Operating Cash Flow · Source 2020-10-01 – 2021-09-30: 67207 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · FORWARD INDUSTRIES INC · 2021-09-30 FORWARD INDUSTRIES INC (edgar:38264) Free cash flow: -595518 USD Concept: free-cash-flow Period: 2020-10-01 to 2021-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -528311 USD (2020-10-01 to 2021-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316822008471/forward_i10k-093022.htm#564025 Filing: 000168316822008471 Input fundies:CapitalExpenditure: 67207 USD (2020-10-01 to 2021-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316822008471/forward_i10k-093022.htm#566094 Filing: 000168316822008471 The citation records this snapshot. The page link may show a newer release later.
2022 2021-10-01 – 2022-09-30	−USD 1.38 million Exact value Exact value: -1378251 USD 2021-10-01 – 2022-09-30: -1378251 USD Inspect Net Income Open source Share or cite Citation for Net Income · FORWARD INDUSTRIES INC · 2022-09-30 FORWARD INDUSTRIES INC (edgar:38264) Net Income: -1378251 USD Concept: fundies:NetIncome Period: 2021-10-01 to 2022-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ANetIncome&period=2022-09-30&surface=latest&period_type=duration&start=2021-10-01&unit=USD&dimensions= Input fundies:NetIncome: -1378251 USD (2021-10-01 to 2022-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316823009026/forward_i10k-093023.htm#537392 Filing: 000168316823009026 The citation records this snapshot. The page link may show a newer release later.	USD 1.53 million Exact value Exact value: 1534788 USD 2021-10-01 – 2022-09-30: 1534788 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · FORWARD INDUSTRIES INC · 2022-09-30 FORWARD INDUSTRIES INC (edgar:38264) Operating Cash Flow: 1534788 USD Concept: fundies:OperatingCashFlow Period: 2021-10-01 to 2022-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3AOperatingCashFlow&period=2022-09-30&surface=latest&period_type=duration&start=2021-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1534788 USD (2021-10-01 to 2022-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316823009026/forward_i10k-093023.htm#551681 Filing: 000168316823009026 The citation records this snapshot. The page link may show a newer release later.	USD 169,631 Exact value Exact value: 169631 USD 2021-10-01 – 2022-09-30: 169631 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · FORWARD INDUSTRIES INC · 2022-09-30 FORWARD INDUSTRIES INC (edgar:38264) Capital Expenditure: 169631 USD Concept: fundies:CapitalExpenditure Period: 2021-10-01 to 2022-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ACapitalExpenditure&period=2022-09-30&surface=latest&period_type=duration&start=2021-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 169631 USD (2021-10-01 to 2022-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316823009026/forward_i10k-093023.htm#553748 Filing: 000168316823009026 The citation records this snapshot. The page link may show a newer release later.	USD 1.37 million Calculation and evidence 1534788 − 169631 USD Exact free cash flow: 1365157 USD 2021-10-01 – 2022-09-30: 1534788 USD · Inspect Operating Cash Flow · Source 2021-10-01 – 2022-09-30: 169631 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · FORWARD INDUSTRIES INC · 2022-09-30 FORWARD INDUSTRIES INC (edgar:38264) Free cash flow: 1365157 USD Concept: free-cash-flow Period: 2021-10-01 to 2022-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1534788 USD (2021-10-01 to 2022-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316823009026/forward_i10k-093023.htm#551681 Filing: 000168316823009026 Input fundies:CapitalExpenditure: 169631 USD (2021-10-01 to 2022-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316823009026/forward_i10k-093023.htm#553748 Filing: 000168316823009026 The citation records this snapshot. The page link may show a newer release later.
2023 2022-10-01 – 2023-09-30	−USD 3.74 million Exact value Exact value: -3736657 USD 2022-10-01 – 2023-09-30: -3736657 USD Inspect Net Income Open source Share or cite Citation for Net Income · FORWARD INDUSTRIES INC · 2023-09-30 FORWARD INDUSTRIES INC (edgar:38264) Net Income: -3736657 USD Concept: fundies:NetIncome Period: 2022-10-01 to 2023-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ANetIncome&period=2023-09-30&surface=latest&period_type=duration&start=2022-10-01&unit=USD&dimensions= Input fundies:NetIncome: -3736657 USD (2022-10-01 to 2023-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316824009011/forward_i10k-093024.htm#602625 Filing: 000168316824009011 The citation records this snapshot. The page link may show a newer release later.	USD 1.04 million Exact value Exact value: 1041028 USD 2022-10-01 – 2023-09-30: 1041028 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · FORWARD INDUSTRIES INC · 2023-09-30 FORWARD INDUSTRIES INC (edgar:38264) Operating Cash Flow: 1041028 USD Concept: fundies:OperatingCashFlow Period: 2022-10-01 to 2023-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3AOperatingCashFlow&period=2023-09-30&surface=latest&period_type=duration&start=2022-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1041028 USD (2022-10-01 to 2023-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316824009011/forward_i10k-093024.htm#620118 Filing: 000168316824009011 The citation records this snapshot. The page link may show a newer release later.	USD 136,082 Exact value Exact value: 136082 USD 2022-10-01 – 2023-09-30: 136082 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · FORWARD INDUSTRIES INC · 2023-09-30 FORWARD INDUSTRIES INC (edgar:38264) Capital Expenditure: 136082 USD Concept: fundies:CapitalExpenditure Period: 2022-10-01 to 2023-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ACapitalExpenditure&period=2023-09-30&surface=latest&period_type=duration&start=2022-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 136082 USD (2022-10-01 to 2023-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316824009011/forward_i10k-093024.htm#622205 Filing: 000168316824009011 The citation records this snapshot. The page link may show a newer release later.	USD 904,946 Calculation and evidence 1041028 − 136082 USD Exact free cash flow: 904946 USD 2022-10-01 – 2023-09-30: 1041028 USD · Inspect Operating Cash Flow · Source 2022-10-01 – 2023-09-30: 136082 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · FORWARD INDUSTRIES INC · 2023-09-30 FORWARD INDUSTRIES INC (edgar:38264) Free cash flow: 904946 USD Concept: free-cash-flow Period: 2022-10-01 to 2023-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1041028 USD (2022-10-01 to 2023-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316824009011/forward_i10k-093024.htm#620118 Filing: 000168316824009011 Input fundies:CapitalExpenditure: 136082 USD (2022-10-01 to 2023-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316824009011/forward_i10k-093024.htm#622205 Filing: 000168316824009011 The citation records this snapshot. The page link may show a newer release later.
2024 2023-10-01 – 2024-09-30	−USD 1.95 million Exact value Exact value: -1950587 USD 2023-10-01 – 2024-09-30: -1950587 USD Inspect Net Income Open source Share or cite Citation for Net Income · FORWARD INDUSTRIES INC · 2024-09-30 FORWARD INDUSTRIES INC (edgar:38264) Net Income: -1950587 USD Concept: fundies:NetIncome Period: 2023-10-01 to 2024-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ANetIncome&period=2024-09-30&surface=latest&period_type=duration&start=2023-10-01&unit=USD&dimensions= Input fundies:NetIncome: -1950587 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#804495 Filing: 000168316825009068 The citation records this snapshot. The page link may show a newer release later.	USD 519,770 Exact value Exact value: 519770 USD 2023-10-01 – 2024-09-30: 519770 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · FORWARD INDUSTRIES INC · 2024-09-30 FORWARD INDUSTRIES INC (edgar:38264) Operating Cash Flow: 519770 USD Concept: fundies:OperatingCashFlow Period: 2023-10-01 to 2024-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3AOperatingCashFlow&period=2024-09-30&surface=latest&period_type=duration&start=2023-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 519770 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#824926 Filing: 000168316825009068 The citation records this snapshot. The page link may show a newer release later.	USD 65,154 Exact value Exact value: 65154 USD 2023-10-01 – 2024-09-30: 65154 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · FORWARD INDUSTRIES INC · 2024-09-30 FORWARD INDUSTRIES INC (edgar:38264) Capital Expenditure: 65154 USD Concept: fundies:CapitalExpenditure Period: 2023-10-01 to 2024-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ACapitalExpenditure&period=2024-09-30&surface=latest&period_type=duration&start=2023-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 65154 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#828937 Filing: 000168316825009068 The citation records this snapshot. The page link may show a newer release later.	USD 454,616 Calculation and evidence 519770 − 65154 USD Exact free cash flow: 454616 USD 2023-10-01 – 2024-09-30: 519770 USD · Inspect Operating Cash Flow · Source 2023-10-01 – 2024-09-30: 65154 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · FORWARD INDUSTRIES INC · 2024-09-30 FORWARD INDUSTRIES INC (edgar:38264) Free cash flow: 454616 USD Concept: free-cash-flow Period: 2023-10-01 to 2024-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 519770 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#824926 Filing: 000168316825009068 Input fundies:CapitalExpenditure: 65154 USD (2023-10-01 to 2024-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#828937 Filing: 000168316825009068 The citation records this snapshot. The page link may show a newer release later.
2025 2024-10-01 – 2025-09-30	−USD 166.97 million Exact value Exact value: -166974340 USD 2024-10-01 – 2025-09-30: -166974340 USD Inspect Net Income Open source Share or cite Citation for Net Income · FORWARD INDUSTRIES INC · 2025-09-30 FORWARD INDUSTRIES INC (edgar:38264) Net Income: -166974340 USD Concept: fundies:NetIncome Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ANetIncome&period=2025-09-30&surface=latest&period_type=duration&start=2024-10-01&unit=USD&dimensions= Input fundies:NetIncome: -166974340 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#804115 Filing: 000168316825009068 The citation records this snapshot. The page link may show a newer release later.	−USD 4.5 million Exact value Exact value: -4502087 USD 2024-10-01 – 2025-09-30: -4502087 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · FORWARD INDUSTRIES INC · 2025-09-30 FORWARD INDUSTRIES INC (edgar:38264) Operating Cash Flow: -4502087 USD Concept: fundies:OperatingCashFlow Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3AOperatingCashFlow&period=2025-09-30&surface=latest&period_type=duration&start=2024-10-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -4502087 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#824454 Filing: 000168316825009068 The citation records this snapshot. The page link may show a newer release later.	USD 25,774 Exact value Exact value: 25774 USD 2024-10-01 – 2025-09-30: 25774 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · FORWARD INDUSTRIES INC · 2025-09-30 FORWARD INDUSTRIES INC (edgar:38264) Capital Expenditure: 25774 USD Concept: fundies:CapitalExpenditure Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264/explain?concept=fundies%3ACapitalExpenditure&period=2025-09-30&surface=latest&period_type=duration&start=2024-10-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 25774 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#828476 Filing: 000168316825009068 The citation records this snapshot. The page link may show a newer release later.	−USD 4.53 million Calculation and evidence -4502087 − 25774 USD Exact free cash flow: -4527861 USD 2024-10-01 – 2025-09-30: -4502087 USD · Inspect Operating Cash Flow · Source 2024-10-01 – 2025-09-30: 25774 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · FORWARD INDUSTRIES INC · 2025-09-30 FORWARD INDUSTRIES INC (edgar:38264) Free cash flow: -4527861 USD Concept: free-cash-flow Period: 2024-10-01 to 2025-09-30 Values: Latest reported Published: 2026-11-02T12:13:43Z Snapshot: cfad78a47348b25b2aa5e736a675f1c5d1de1b4595c838ea13883d0ef32928e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/38264?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -4502087 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#824454 Filing: 000168316825009068 Input fundies:CapitalExpenditure: 25774 USD (2024-10-01 to 2025-09-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/38264/000168316825009068/forward_i10k-093025.htm#828476 Filing: 000168316825009068 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

140 filings · 5,146 latest values · 5,146 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0000038264, 38264, FORD, FWDI, edgar:38264, ford

Also known as FORWARD INDUSTRIES INC, FORWARD INDUSTRIES, INC, FORWARD INDUSTRIES, INC., Forward Industries, Inc., Forward Industries, Inc.

FORWARD INDUSTRIES INC

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2024-10-01 – 2025-09-30

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation