Forward Industries (FWDI) Cash & Equivalents (2009 - 2026)
Forward Industries (FWDI) recorded Cash & Equivalents of $25.39 million in fiscal Q1 2026 (quarter ended Dec 31, 2025), up 986.2% from $2.34 million a year earlier but down 33.5% from the prior quarter.
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Analysis
Forward Industries (FWDI) Cash & Equivalents (2009 - 2026) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Forward Industries reported Cash & Equivalents of $38.17 million.
- Annual Cash & Equivalents has a five-year compound annual growth rate of 67.2% (FY2020 to FY2025).
- Across earlier fiscal years, Cash & Equivalents came in at $2.78 million in FY2024 (-1.6%), $2.82 million in FY2023 (+9.6%), $2.58 million in FY2022 (+82.6%) and $1.41 million in FY2021 (-51.8%).
- Quarterly Cash & Equivalents has ranged from $1.26 million in fiscal Q3 2025 to $38.17 million in fiscal Q4 2025 over the past five years.
- On a year-over-year basis, Cash & Equivalents rose in 1 of the last seven quarters, with growth averaging 124.8%.
- Peak year-over-year performance for Cash & Equivalents in the last five years was growth of 986.2% in fiscal Q1 2026, against a decline of 51.8% in fiscal Q4 2021 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $38.17 million (Q4 2025), $1.26 million (Q3 2025) and $1.8 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 1.52 Bn |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 1.54 Bn |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | 749.30 Mn |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | 440.31 Mn |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | 215.61 Mn |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 965.17 Mn |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | 236.78 Mn |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 154.07 Mn |
| 10 | Forward Industries | 386.96 Mn | 293.49 Mn | 6.70 Mn | 10.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.97 Mn |
| Mar 31, 2026 | 16.63 Mn |
| Dec 31, 2025 | 25.39 Mn |
| Sep 30, 2025 | 38.17 Mn |
| Jun 30, 2025 | 1.26 Mn |
| Mar 31, 2025 | 1.80 Mn |
| Dec 31, 2024 | 2.34 Mn |
| Sep 30, 2024 | 2.78 Mn |
| Jun 30, 2024 | 2.32 Mn |
| Mar 31, 2024 | 2.05 Mn |
| Dec 31, 2023 | 3.03 Mn |
| Sep 30, 2023 | 2.82 Mn |
| Jun 30, 2023 | 2.82 Mn |
| Mar 31, 2023 | 2.36 Mn |
| Dec 31, 2022 | 2.33 Mn |
| Sep 30, 2022 | 2.58 Mn |
| Jun 30, 2022 | 2.28 Mn |
| Mar 31, 2022 | 1.54 Mn |
| Dec 31, 2021 | 2.43 Mn |
| Sep 30, 2021 | 1.41 Mn |
API Access
Forward Industries Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "FWDI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();