Forward Industries (FWDI) Change in Receivables (2009 - 2026)
Forward Industries (FWDI) recorded Change in Receivables of $1.2 million in fiscal Q1 2026 (quarter ended Dec 31, 2025), up 454.1% from $216,388 a year earlier and up 159.8% from the prior quarter.
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Analysis
Forward Industries (FWDI) Change in Receivables (2009 - 2026) Analysis & Trends
On a TTM basis, Forward Industries' Change in Receivables came in at $358,303 as of Dec 31, 2025; for FY2025 (ended Sep 30, 2025), it came in at -$624,359.
- Across earlier fiscal years, Change in Receivables came in at -$1.52 million in FY2024, -$495,102 in FY2023, -$953,137 in FY2022 and $1.66 million in FY2021 (+127.1%).
- The fiscal Q1 2026 figure is the highest quarterly Change in Receivables since fiscal Q3 2021.
- Per Business Quant, the preceding three fiscal quarters came in at $461,499 (Q4 2025), -$173,426 (Q3 2025) and -$1.13 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | -122.00 Mn |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 66.00 Mn |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 430.10 Mn |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | 1.99 Bn |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | - |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | 5.29 Bn |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 51.22 Mn |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | 893.32 Mn |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 13.49 Mn |
| 10 | Forward Industries | 386.96 Mn | 293.49 Mn | 6.70 Mn | -750,765.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -750,765.00 |
| Mar 31, 2026 | -735,397.00 |
| Dec 31, 2025 | 1.20 Mn |
| Sep 30, 2025 | 461,499.00 |
| Jun 30, 2025 | -578,325.00 |
| Mar 31, 2025 | -723,921.00 |
| Dec 31, 2024 | 216,388.00 |
| Sep 30, 2024 | -317,251.00 |
| Jun 30, 2024 | -586,169.00 |
| Mar 31, 2024 | -172,570.00 |
| Dec 31, 2023 | -445,067.00 |
| Sep 30, 2023 | -632,002.00 |
| Jun 30, 2023 | -548,954.00 |
| Mar 31, 2023 | -307,668.00 |
| Dec 31, 2022 | 993,522.00 |
| Sep 30, 2022 | -990,604.00 |
| Jun 30, 2022 | 52,651.00 |
| Mar 31, 2022 | -42,903.00 |
| Dec 31, 2021 | 27,719.00 |
| Sep 30, 2021 | 1.07 Mn |
API Access
Forward Industries Change in Receivables 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=change-in-receivables&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-receivables", "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=change-in-receivables&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();