Here are the 10-K annual reports from Forward Industries Inc-N Y (FORD) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FORD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FORD filings page.
Forward Industries, Inc. reports that it now operates primarily as a hardware and software product design and engineering company while pivoting its balance sheet to a new Solana (SOL) digital asset treasury strategy. In September 2025 it bought 6,822,000 SOL at an average price of $232 per SOL, or about $1.58 billion in total, and plans to stake SOL, use liquid staking tokens and interact with DeFi protocols within the Solana ecosystem.
The company states that its assets are now highly concentrated in digital assets, particularly SOL. The fair value of its SOL holdings was about $209 per SOL, or $1.43 billion in aggregate, at September 30, 2025, and about $133 per SOL, or $920.5 million in aggregate, at November 30, 2025. Forward has discontinued its retail and OEM distribution segments, sold its Switzerland and UK subsidiaries, and engaged Galaxy Digital affiliates for asset management and operational support, while describing extensive volatility, regulatory, custody, DeFi, operational and technological risks tied to its Solana-focused strategy.