What is Forward Inds Inc N Y's earnings per share (EPS)?

Forward Inds Inc N Y (FORD) reported diluted earnings per share of -$24.59 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Forward Inds Inc N Y Financials

FORD

Trailing 12 months to March 31, 2026

Revenue $44.8M +155.8% YoY

Net Income -$1.0B -32169.8% YoY

EPS (Diluted) -$24.59 FY2025 annual

Free Cash Flow -$16.3M -16209.3% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Mar 31, 2026 Reported May 14, 2026 Currency USD FYE September

Forward Inds Inc N Y (FORD) reported $44.8M in revenue over the twelve months to Mar 31, 2026, up 155.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FORD FY2025 2026-08-29

FY2025’s dominant mechanic is a capital-structure transformation masking a sharply weakening operating business and heavier overhead burden.

FY2025’s net loss of -$167.0M versus operating cash flow of -$4.5M reveals that reported earnings were dominated by noncash or below-operating items rather than equivalent cash losses. Free cash flow of -$4.5M, nearly matching operating cash flow, shows that capital spending was not the main source of cash pressure.

Revenue contraction accompanied gross-margin expansion, so the deterioration was not simply a cost-of-goods problem. Yet operating margin fell from -10.8% in FY2024 to -46.1% in FY2025, showing that gross-profit improvement was overwhelmed below the gross-profit line.

The balance sheet changed scale dramatically: total assets rose from $14.8M in FY2024 to $1.47B in FY2025, a shift too large to attribute to operating growth. The paired investing outflow of -$901.5M and financing inflow of $941.4M indicate that the change principally reflected capital deployment and funding, not cash generated by customers.

Financial Health Signals

Financial Health Score 34/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Forward Inds Inc N Y's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

R&D Intensity

Not available for Forward Inds Inc N Y, and counted as zero in the overall score.

Revenue Progress

Burn Trend

Not available for Forward Inds Inc N Y, and counted as zero in the overall score.

Balance Sheet

Piotroski F-Score Partial

4/8

Forward Inds Inc N Y passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Forward Inds Inc N Y reported a net loss of $167.0M while operations used $4.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Forward Inds Inc N Y reported an operating loss of $8.4M against $49K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$18.2M

YoY-9.0%

5Y CAGR-12.0%

10Y CAGR-4.9%

Forward Inds Inc N Y generated $18.2M in revenue in fiscal year 2025. This represents a decrease of 9.0% from the prior year.

EBITDA

-$8.1M

YoY-343.1%

Forward Inds Inc N Y's EBITDA was -$8.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 343.1% from the prior year.

Net Income

-$167.0M

YoY-8460.2%

Forward Inds Inc N Y reported -$167.0M in net income in fiscal year 2025. This represents a decrease of 8460.2% from the prior year.

EPS (Diluted)

-$24.59

Forward Inds Inc N Y earned -$24.59 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$4.5M

YoY-1096.0%

Forward Inds Inc N Y recorded an outflow of $4.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 1096.0% from the prior year.

Cash & Debt

$38.2M

YoY+1274.3%

5Y CAGR+67.2%

10Y CAGR+25.2%

Forward Inds Inc N Y held $38.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding

86M

Forward Inds Inc N Y had 86M shares outstanding in fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

28.5%

YoY+2.6pp

5Y CAGR+9.3pp

10Y CAGR+9.2pp

Forward Inds Inc N Y's gross margin was 28.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the prior year.

Operating Margin

-46.1%

YoY-35.4pp

5Y CAGR-40.4pp

10Y CAGR-41.1pp

Forward Inds Inc N Y's operating margin was -46.1% in fiscal year 2025, reflecting core business profitability. This is down 35.4 percentage points from the prior year.

Return on Equity

-11.4%

YoY+54.4pp

5Y CAGR+15.6pp

10Y CAGR+8.2pp

Forward Inds Inc N Y's ROE was -11.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 54.4 percentage points from the prior year.

Net Margin

Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Capital Expenditures

$26K

YoY-60.4%

5Y CAGR-17.7%

10Y CAGR-2.5%

Forward Inds Inc N Y invested $26K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 60.4% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

FORD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FORD quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$44.8M	$18.2M-9.0%	$20.0M-11.9%	$22.7M-40.6%	$38.2M-2.1%	$39.0M+13.2%	$34.5M-7.8%	$37.4M+8.4%	$34.5M+39.3%	$24.8M-9.9%	$27.5M-8.4%	$30.0M-10.0%	$33.4M+7.9%	$30.9M+5.1%	$29.4M+29.2%	$22.8M
Cost of Revenue	$14.7M	$13.0M-12.2%	$14.8M-4.8%	$15.5M-47.1%	$29.4M-4.8%	$30.9M+10.9%	$27.8M-9.7%	$30.8M+10.4%	$27.9M+35.8%	$20.6M-8.2%	$22.4M-7.5%	$24.2M-9.6%	$26.8M+9.3%	$24.5M-3.8%	$25.5M+44.3%	$17.7M
Gross Profit	$30.2M	$5.2M+0.1%	$5.2M-27.4%	$7.1M-18.9%	$8.8M+8.2%	$8.1M+22.5%	$6.6M+0.9%	$6.6M+0.2%	$6.6M+56.7%	$4.2M-17.5%	$5.1M-12.3%	$5.8M-11.6%	$6.6M+2.8%	$6.4M+63.9%	$3.9M-23.4%	$5.1M
SG&A Expenses	$13.3M	$9.6M+50.9%	$6.4M+0.7%	$6.3M-6.1%	$6.7M+5.3%	$6.4M+13.1%	$5.7M-26.7%	$7.7M+70.4%	$4.5M+116.5%	$2.1M-18.7%	$2.6M-48.0%	$4.9M+28.5%	$3.8M+10.4%	$3.5M-37.4%	$5.6M+20.1%	$4.6M
Operating Income	-$873.4M	-$8.4M-290.1%	-$2.2M-3419.0%	-$61K-110.4%	$588K+176.9%	-$765K+61.4%	-$2.0M+36.0%	-$3.1M-1288.3%	$261K-56.4%	$598K-3.0%	$617K+140.8%	-$1.5M-1432.8%	-$99K-114.0%	$706K+121.6%	-$3.3M-52.5%	-$2.1M
Interest Expense	$85K	$49K-21.6%	$63K-39.9%	$104K-15.6%	$123K-28.2%	$172K-1.7%	$175K-13.0%	$201K+74.1%	$115K	$0	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.8M	$20K-11.1%	$23K+14.7%	$20K+683.3%	$3K	$0-100.0%	$9K+320.3%	-$4K+99.4%	-$747K	$0	$0	$0	$0-100.0%	$507-96.6%	$15K+127.0%	-$56K
Net Income	-$1.0B	-$167.0M-8460.2%	-$2.0M+47.8%	-$3.7M-171.1%	-$1.4M-363.1%	$524K+129.5%	-$1.8M+50.7%	-$3.6M-361.3%	$1.4M+138.1%	$579K-4.5%	$607K+142.3%	-$1.4M-79.3%	-$800K-286.6%	-$207K+97.9%	-$9.6M-232.1%	-$2.9M
EPS (Diluted)	—	-$24.59	-$1.77+47.8%	-$3.39	-$0.14-380.0%	$0.05+126.3%	-$0.19+50.0%	-$0.38-353.3%	$0.15+114.3%	$0.070.0%	$0.07+130.4%	-$0.23-91.7%	-$0.12	-$0.09	-$1.19-230.6%	-$0.36

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$13.0M-39.5%	$21.4M+169.8%	$7.9M+218.5%	$2.5M-20.1%	$3.1M-32.5%	$4.6M-2.5%	$4.7M-5.8%	$5.0M
Cost of Revenue	$3.9M-15.2%	$4.6M+48.5%	$3.1M-0.9%	$3.1M-5.6%	$3.3M-5.4%	$3.5M-4.0%	$3.6M-2.5%	$3.7M
Gross Profit	$9.1M-46.2%	$16.8M+246.8%	$4.9M+882.3%	-$621K-247.4%	-$179K-115.8%	$1.1M+2.6%	$1.1M-15.5%	$1.3M
SG&A Expenses	$3.6M+10.2%	$3.3M-30.3%	$4.7M+159.2%	$1.8M+20.3%	$1.5M-9.2%	$1.6M+13.9%	$1.4M-8.5%	$1.6M
Operating Income	-$284.1M+51.3%	-$583.6M-18649.4%	-$3.1M-21.6%	-$2.6M-40.5%	-$1.8M-102.9%	-$898K-27.1%	-$706K-53.8%	-$459K
Interest Expense	$59K	$0-100.0%	$13K+9.4%	$12K+2.2%	$12K-1.1%	$12K-2.2%	$12K-15.4%	$14K
Income Tax	-$875K-132.6%	$2.7M+13072.8%	$20K	$0	$0	$0-100.0%	$23K	$0
Net Income	-$283.1M+51.7%	-$585.7M-257.2%	-$164.0M-19189.5%	-$850K+41.4%	-$1.5M-105.0%	-$708K-10.0%	-$644K-61.1%	-$400K
EPS (Diluted)	-$2.98+49.6%	-$5.91	N/A	-$0.77+41.7%	-$1.32-106.3%	-$0.64	N/A	-$0.36

Not reported in any period shown, so not listed: R&D Expenses.

FORD Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FORD quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$1.5B+9887.2%	$14.8M-15.1%	$17.4M-17.0%	$20.9M+5.5%	$19.9M+2.6%	$19.4M+20.3%	$16.1M-16.3%	$19.2M+46.2%	$13.2M+6.1%	$12.4M-3.0%	$12.8M-22.9%	$16.6M+10.2%	$15.0M-12.2%	$17.1M-23.1%	$22.3M
Current Assets	$41.2M+327.2%	$9.6M-15.1%	$11.4M-20.7%	$14.3M+12.1%	$12.8M+4.7%	$12.2M+3.2%	$11.8M-22.2%	$15.2M+15.9%	$13.1M+6.3%	$12.3M-2.5%	$12.7M-23.0%	$16.4M+10.6%	$14.9M-12.2%	$16.9M-22.6%	$21.9M
Cash & Equivalents	$38.2M+1274.3%	$2.8M-1.6%	$2.8M+33.9%	$2.1M+49.5%	$1.4M-51.8%	$2.9M-5.4%	$3.1M-29.2%	$4.4M-5.5%	$4.6M-2.9%	$4.8M+17.8%	$4.0M-37.6%	$6.5M-2.1%	$6.6M+43.6%	$4.6M-69.1%	$14.9M
Inventory	N/A	$490K+46.5%	$334K-48.6%	$651K-68.4%	$2.1M+61.7%	$1.3M-20.7%	$1.6M+2.5%	$1.6M-26.0%	$2.1M-17.6%	$2.6M-10.2%	$2.9M+20.7%	$2.4M+15.8%	$2.1M-39.3%	$3.4M+233.3%	$1.0M
Accounts Receivable	$1.6M-29.2%	$2.3M-40.0%	$3.8M-49.0%	$7.5M-13.9%	$8.8M+15.2%	$7.6M+13.6%	$6.7M-25.8%	$9.0M+45.1%	$6.2M+27.8%	$4.9M-10.8%	$5.5M-11.0%	$6.1M+39.8%	$4.4M-41.8%	$7.5M+93.5%	$3.9M
Goodwill	$0-100.0%	$1.6M-11.4%	$1.8M0.0%	$1.8M0.0%	$1.8M0.0%	$1.8M-19.4%	$2.2M0.0%	$2.2M	$0	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.8M-59.2%	$11.8M-20.1%	$14.8M+0.7%	$14.7M+18.2%	$12.4M-2.8%	$12.8M+52.4%	$8.4M+3.1%	$8.1M+92.5%	$4.2M+0.1%	$4.2M-22.5%	$5.4M-16.9%	$6.5M+33.1%	$4.9M-37.9%	$7.9M+121.5%	$3.6M
Current Liabilities	$2.7M-70.9%	$9.4M-13.5%	$10.8M+8.6%	$10.0M+38.4%	$7.2M-18.3%	$8.8M+6.4%	$8.3M+8.8%	$7.6M+82.1%	$4.2M+0.4%	$4.2M-21.8%	$5.3M-17.2%	$6.4M+35.1%	$4.8M-39.9%	$7.9M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$530K	$0-100.0%	$54K	$0	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.5B+49448.6%	$3.0M+13.4%	$2.6M-58.2%	$6.3M-15.8%	$7.4M+13.1%	$6.6M-14.6%	$7.7M-30.5%	$11.1M+24.3%	$8.9M+9.3%	$8.2M+11.5%	$7.3M-29.8%	$10.4M+11.2%	$9.4M+2.2%	$9.2M-50.8%	$18.7M
Retained Earnings	-$186.6M-850.3%	-$19.6M-11.0%	-$17.7M-26.8%	-$13.9M-11.0%	-$12.6M+4.0%	-$13.1M-15.7%	-$11.3M-46.7%	-$7.7M+15.2%	-$9.1M+6.0%	-$9.7M+5.9%	-$10.3M-22.8%	-$8.4M-13.5%	-$7.4M-11.4%	-$6.6M-320.2%	$3.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$608.5M-31.9%	$892.9M-39.5%	$1.5B+17682.6%	$8.3M-32.8%	$12.3M-8.6%	$13.5M-8.6%	$14.8M-3.0%	$15.2M
Current Assets	$21.6M-65.7%	$62.9M+52.7%	$41.2M+1056.3%	$3.6M-53.5%	$7.7M-11.1%	$8.6M-10.6%	$9.6M-0.8%	$9.7M
Cash & Equivalents	$16.6M-34.5%	$25.4M-33.5%	$38.2M+2921.5%	$1.3M-29.8%	$1.8M-23.1%	$2.3M-15.8%	$2.8M+19.4%	$2.3M
Inventory	N/A	N/A	N/A	N/A	N/A	$753K+53.7%	$490K+101.4%	$243K
Accounts Receivable	$2.4M-19.4%	$3.0M+83.1%	$1.6M+37.0%	$1.2M-32.8%	$1.8M-28.9%	$2.5M+8.3%	$2.3M-64.4%	$6.5M
Goodwill	N/A	N/A	$0-100.0%	$1.3M0.0%	$1.3M0.0%	$1.3M-14.4%	$1.6M-11.4%	$1.8M
Total Liabilities	$57.1M+372.1%	$12.1M+150.8%	$4.8M-2.5%	$4.9M-43.6%	$8.8M-21.9%	$11.2M-5.0%	$11.8M-14.7%	$13.8M
Current Liabilities	$54.6M+441.2%	$10.1M+270.2%	$2.7M+15.7%	$2.4M-63.5%	$6.5M-26.6%	$8.8M-6.2%	$9.4M-17.1%	$11.3M
Total Equity	$551.5M-37.4%	$880.9M-40.1%	$1.5B+43771.7%	$3.4M-6.4%	$3.6M+57.0%	$2.3M-23.2%	$3.0M+113.4%	$1.4M
Retained Earnings	-$1.1B-36.7%	-$772.3M-313.8%	-$186.6M-724.0%	-$22.6M-3.9%	-$21.8M-7.1%	-$20.3M-3.6%	-$19.6M-3.4%	-$19.0M

Not reported in any period shown, so not listed: Long-Term Debt.

FORD Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FORD quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	-$16.3M	-$4.5M-966.2%	$520K-54.8%	$1.2M-25.1%	$1.5M+390.5%	-$528K-100.9%	-$263K+86.7%	-$2.0M-305.9%	$956K+794.9%	-$138K-117.9%	$768K+138.0%	-$2.0M-962.3%	$234K-89.6%	$2.3M+120.9%	-$10.8M-501.6%	-$1.8M
Capital Expenditures	$22K	$26K-60.4%	$65K-52.1%	$136K-19.8%	$170K+152.4%	$67K-1.8%	$68K+106.6%	$33K-40.7%	$56K	$0-100.0%	$48K+45.0%	$33K-0.9%	$33K-54.9%	$74K+2.4%	-$72K-73.8%	$277K
Free Cash Flow	-$16.3M	-$4.5M-1096.0%	$455K-55.2%	$1.0M-25.7%	$1.4M+329.2%	-$596K-79.7%	-$331K+83.5%	-$2.0M-322.4%	$901K+754.3%	-$138K-119.1%	$720K+135.0%	-$2.1M-1122.5%	$201K-90.8%	$2.2M+120.0%	-$10.9M-424.7%	-$2.1M
Investing Cash Flow	-$899.4M	-$901.5M-1383493.7%	-$65K+52.1%	-$136K+19.8%	-$170K-152.4%	-$67K+82.8%	-$390K-1077.1%	-$33K+97.6%	-$1.4M	$0+100.0%	-$48K	N/A	N/A	-$1.4M-396.6%	$483K+127.4%	-$1.8M
Financing Cash Flow	$930.5M	$941.4M+188371.7%	-$500K-66.7%	-$300K-50.0%	-$200K+78.2%	-$919K-289.5%	$485K-33.2%	$726K+312.8%	$176K	$0+100.0%	-$2K	N/A	N/A	$1.2M	$0	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$21K-72.3%	$76K+426.6%	$15K	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$2K	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$4.8M+39.5%	-$7.9M-244.3%	-$2.3M-87.6%	-$1.2M-128.3%	-$538K-23.8%	-$434K-193.0%	$467K+7.2%	$436K
Capital Expenditures	$3K	$0-100.0%	-$3-100.0%	$19K+1220.7%	$1K-73.6%	$5K-64.1%	$15K+63.6%	$9K
Free Cash Flow	-$4.8M+39.4%	-$7.9M-244.3%	-$2.3M-84.8%	-$1.2M-131.2%	-$539K-22.6%	-$440K-197.3%	$452K+5.9%	$427K
Investing Cash Flow	$3.2M+393.9%	-$1.1M+99.9%	-$901.2M-411564.6%	-$219K-15177.5%	-$1K+73.6%	-$5K+64.1%	-$15K-63.6%	-$9K
Financing Cash Flow	-$7.1M-88.7%	-$3.8M-100.4%	$940.4M+103116.1%	$911K	$0	$0	$0+100.0%	-$150K
Share Buybacks	$47.1M+333.1%	$10.9M	N/A	N/A	$0	$0	N/A	N/A

Not reported in any period shown, so not listed: Dividends Paid.

FORD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

FORD quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	28.5%+2.6pp	25.9%-5.5pp	31.5%+8.4pp	23.0%+2.2pp	20.8%+1.6pp	19.3%+1.7pp	17.6%-1.5pp	19.0%+2.1pp	16.9%-1.6pp	18.5%-0.8pp	19.3%-0.4pp	19.7%-1.0pp	20.6%+7.4pp	13.2%-9.1pp	22.3%
Operating Margin	-46.1%-35.4pp	-10.8%-10.5pp	-0.3%-1.8pp	1.5%+3.5pp	-2.0%+3.8pp	-5.8%+2.5pp	-8.3%-9.0pp	0.8%-1.7pp	2.4%+0.2pp	2.3%+7.3pp	-5.0%-4.7pp	-0.3%-2.6pp	2.3%+13.4pp	-11.1%-1.7pp	-9.4%
Net Margin	-918.1%	-9.8%+6.7pp	-16.5%-12.9pp	-3.6%-5.0pp	1.3%+6.5pp	-5.1%+4.5pp	-9.6%-13.6pp	4.0%+1.7pp	2.3%+0.1pp	2.2%+7.0pp	-4.8%-2.4pp	-2.4%-1.7pp	-0.7%+32.1pp	-32.8%-20.0pp	-12.7%
Return on Equity	-11.4%+54.4pp	-65.7%+77.1pp	-142.8%-120.8pp	-22.0%-29.0pp	7.0%+34.0pp	-27.0%+19.8pp	-46.7%-59.2pp	12.4%+5.9pp	6.5%-0.9pp	7.4%+27.0pp	-19.6%-11.9pp	-7.7%-5.5pp	-2.2%+102.7pp	-104.9%-89.3pp	-15.5%
Return on Assets	-11.3%+1.9pp	-13.2%+8.3pp	-21.5%-14.9pp	-6.6%-9.2pp	2.6%+11.8pp	-9.2%+13.2pp	-22.4%-29.6pp	7.2%+2.8pp	4.4%-0.5pp	4.9%+16.1pp	-11.2%-6.4pp	-4.8%-3.5pp	-1.4%+54.9pp	-56.3%-43.3pp	-13.0%
Current Ratio	15.14+14.1x	1.030.0x	1.05-0.4x	1.44-0.3x	1.78+0.4x	1.380.0x	1.43-0.6x	2.00-1.1x	3.13+0.2x	2.96+0.6x	2.38-0.2x	2.55-0.6x	3.12+1.0x	2.14	N/A
Debt-to-Equity	0.00-4.0x	3.98-1.7x	5.65+3.3x	2.34+0.7x	1.67+1.6x	0.08+0.1x	0.000.0x	0.000.0x	0.00-0.5x	0.52-0.2x	0.74+0.1x	0.63+0.1x	0.52-0.3x	0.86+0.7x	0.19
FCF Margin	-24.9%-27.2pp	2.3%-2.2pp	4.5%+0.9pp	3.6%+5.1pp	-1.5%-0.6pp	-1.0%+4.4pp	-5.3%-8.0pp	2.6%+3.2pp	-0.6%-3.2pp	2.6%+9.5pp	-6.9%-7.5pp	0.6%-6.4pp	7.0%+44.0pp	-36.9%-27.8pp	-9.1%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	70.0%-8.6pp	78.6%+17.5pp	61.1%+86.0pp	-24.9%-19.2pp	-5.7%-30.2pp	24.5%+1.2pp	23.3%-2.7pp	26.0%
Operating Margin	-2191.9%	-2722.8%	-39.2%	-102.6%	-58.3%-38.9pp	-19.4%-4.5pp	-14.9%-5.8pp	-9.1%
Net Margin	-2184.1%	-2732.2%	-2063.7%	-34.1%+12.4pp	-46.5%-31.2pp	-15.3%-1.7pp	-13.6%-5.6pp	-7.9%
Return on Equity	-51.3%+15.2pp	-66.5%-55.3pp	-11.2%+14.2pp	-25.4%+15.2pp	-40.6%-9.5pp	-31.1%-9.4pp	-21.7%+7.0pp	-28.7%
Return on Assets	-46.5%+19.1pp	-65.6%-54.5pp	-11.1%-0.9pp	-10.3%+1.5pp	-11.8%-6.5pp	-5.3%-0.9pp	-4.4%-1.7pp	-2.6%
Current Ratio	0.40-5.8x	6.24-8.9x	15.14+13.6x	1.51+0.3x	1.19+0.2x	0.980.0x	1.03+0.2x	0.86
Debt-to-Equity	0.10+0.1x	0.010.0x	0.00-1.5x	1.48-1.0x	2.45-2.5x	4.92+0.9x	3.98-6.0x	9.95
FCF Margin	-37.0%-0.1pp	-37.0%-8.0pp	-29.0%+21.0pp	-50.0%-32.7pp	-17.3%-7.8pp	-9.5%-19.0pp	9.5%+1.1pp	8.5%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

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Where Forward Inds Inc N Y Ranks

Frequently Asked Questions

What is Forward Inds Inc N Y's annual revenue?

Forward Inds Inc N Y (FORD) reported $18.2M in total revenue for fiscal year 2025. This represents a -9.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Forward Inds Inc N Y's revenue growing?

Forward Inds Inc N Y (FORD) revenue declined by 9.0% year-over-year, from $20.0M to $18.2M in fiscal year 2025.

Is Forward Inds Inc N Y profitable?

No, Forward Inds Inc N Y (FORD) reported a net income of -$167.0M in fiscal year 2025.

What is Forward Inds Inc N Y's EBITDA?

Forward Inds Inc N Y (FORD) had EBITDA of -$8.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Forward Inds Inc N Y's gross margin?

Forward Inds Inc N Y (FORD) had a gross margin of 28.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Forward Inds Inc N Y's operating margin?

Forward Inds Inc N Y (FORD) had an operating margin of -46.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Forward Inds Inc N Y's return on equity (ROE)?

Forward Inds Inc N Y (FORD) has a return on equity of -11.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Forward Inds Inc N Y's free cash flow?

Forward Inds Inc N Y (FORD) recorded an outflow of $4.5M in free cash flow during fiscal year 2025. This represents a -1096.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Forward Inds Inc N Y's operating cash flow?

Forward Inds Inc N Y (FORD) recorded an outflow of $4.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Forward Inds Inc N Y's total assets?

Forward Inds Inc N Y (FORD) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Forward Inds Inc N Y's capital expenditures?

Forward Inds Inc N Y (FORD) invested $26K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Forward Inds Inc N Y have outstanding?

Forward Inds Inc N Y (FORD) had 86M shares outstanding as of fiscal year 2025.

What is Forward Inds Inc N Y's current ratio?

Forward Inds Inc N Y (FORD) had a current ratio of 15.14 as of fiscal year 2025, which is generally considered healthy.

What is Forward Inds Inc N Y's debt-to-equity ratio?

Forward Inds Inc N Y (FORD) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Forward Inds Inc N Y's return on assets (ROA)?

Forward Inds Inc N Y (FORD) had a return on assets of -11.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

How does Forward Inds Inc N Y's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Forward Inds Inc N Y (FORD) held $38.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $4.5M over that year. Dividing the one by the other, the reported balance equals about 102 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Forward Inds Inc N Y's Piotroski F-Score?

Forward Inds Inc N Y (FORD) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Forward Inds Inc N Y's earnings high quality?

Forward Inds Inc N Y (FORD) reported a net loss of $167.0M while operations used $4.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Forward Inds Inc N Y cover its interest payments?

Forward Inds Inc N Y (FORD) reported an operating loss of $8.4M against $49K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Forward Inds Inc N Y?

Forward Inds Inc N Y (FORD) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.