Forward Industries (FWDI) Cost of Revenue (2010 - 2025)

Forward Industries has reported Cost of Revenue for 13 years, with the latest figure at $4.6 million in Q4 2025.

• Quarterly Cost of Revenue rose 31.34% year-over-year to $4.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $14.1 million (down 3.48% YoY) and the FY2025 annual result came in at $13.0 million, down 12.23% from the prior year.
• Cost of Revenue improved to $4.6 million in Q4 2025 per FWDI's latest filing, from $3.1 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $9.0 million in Q3 2021 and troughed at -$6.6 million in Q3 2023.
• A 5-year average of $5.0 million and a median of $4.2 million in 2024 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue sank 278.54% in 2023, then surged 155.37% in 2024.
• Over 5 years, Cost of Revenue stood at $9.0 million in 2021, then slipped by 13.43% to $7.8 million in 2022, then slumped by 52.48% to $3.7 million in 2023, then decreased by 5.64% to $3.5 million in 2024, then soared by 31.34% to $4.6 million in 2025.
• According to Business Quant data, Cost of Revenue over the past three periods registered $4.6 million, $3.1 million, and $3.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.