Forward Industries, Inc. (FWDI) is a Financials stock trading at $5.01 (as of 2026-08-20), with a market capitalization of $369.97M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Forward Industries, Inc. designs, markets, and distributes carry and protective solutions and related products for handheld electronic devices through OEM Distribution, Retail Distribution, and Design segments. It sells to original equipment manufacturers and retailers across the Americas, Europe, Middle East and Africa, and Asia-Pacific, and provides product design and engineering services.
Forward Industries designs, markets, and distributes carry and protective solutions and related accessories for handheld electronic devices, generating revenue through OEM distribution, retail distribution, and design activities.
Even with a high gross margin (70.0% in the latest quarter), the company is currently highly reliant on controlling operating expenses, because operating margin is deeply negative (-2191.9%).
Business quality (Weak): Business model centers on carry and protective solutions across OEM and retail distribution plus design, but the latest-quarter results show very weak operating profitability despite strong gross margin.
| Price | $5.01 |
| Market Cap | $369.97M |
| Price / Book | 0.78 |
| Price / Sales | 6.36 |
| FCF Yield | -13.4% |
| Revenue (TTM) | $18.19M |
| Net Margin | -918.1% |
| Revenue Growth (YoY) | 332.1% |
| EPS Growth (YoY) | 3.9% |
| FCF Growth (YoY) | 622.7% |
| Altman Z-Score | 53.79 (safe) |
| Sector P/E (Financials) | 15.1 |
| Industry P/E (Banking) | 12.9 |
| Top Institutional Holder | Multicoin Capital Management, LLC ($52.54M) |
| Institutional Holders Tracked | 10 |
| Sector | Financials |
| Industry | Banking |
| CEO | Michael D. Pruitt |
| Employees | 100 |
| Country | US |
| IPO Date | 1994-11-17 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.