Forward Industries (FWDI) EBITDA (2009 - 2026)
Forward Industries (FWDI) posted EBITDA of -$583.61 million for fiscal Q1 2026 (quarter ended Dec 31, 2025), compared with -$814,282 a year earlier.
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Analysis
Forward Industries (FWDI) EBITDA (2009 - 2026) Analysis & Trends
For the trailing twelve months through Dec 31, 2025, EBITDA at Forward Industries was -$590.86 million; for FY2025 (ended Sep 30, 2025), it came in at -$8.06 million.
- In prior fiscal years, Forward Industries' EBITDA was -$1.82 million in FY2024, $475,598 in FY2023 (-47.0%), $897,709 in FY2022 and -$437,709 in FY2021.
- The fiscal Q1 2026 figure stands as the lowest quarterly EBITDA in data going back to fiscal Q4 2011.
- According to Business Quant data, EBITDA for the three prior fiscal quarters was -$3.03 million (Q4 2025), -$2.48 million (Q3 2025) and -$1.74 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | 17.01 Bn |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 1.02 Bn |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 564.60 Mn |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | 749.12 Mn |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | 591.24 Mn |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | 466.13 Mn |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 208.55 Mn |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | 510.85 Mn |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 107.52 Mn |
| 10 | Forward Industries | 386.96 Mn | 293.49 Mn | 6.70 Mn | -70.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -70.24 Mn |
| Mar 31, 2026 | -284.07 Mn |
| Dec 31, 2025 | -583.61 Mn |
| Sep 30, 2025 | -3.03 Mn |
| Jun 30, 2025 | -2.48 Mn |
| Mar 31, 2025 | -1.74 Mn |
| Dec 31, 2024 | -814,282.00 |
| Sep 30, 2024 | -622,952.00 |
| Jun 30, 2024 | -376,699.00 |
| Mar 31, 2024 | -536,440.00 |
| Dec 31, 2023 | -298,918.00 |
| Sep 30, 2023 | 312,035.00 |
| Jun 30, 2023 | 227,168.00 |
| Mar 31, 2023 | -13,220.00 |
| Dec 31, 2022 | -50,386.00 |
| Sep 30, 2022 | 1.16 Mn |
| Jun 30, 2022 | -308,830.00 |
| Mar 31, 2022 | -239,592.00 |
| Dec 31, 2021 | 287,598.00 |
| Sep 30, 2021 | 25,292.00 |
API Access
Forward Industries EBITDA 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=ebitda&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();