Forward Industries (FWDI) EBITDA (2010 - 2025)
Forward Industries (FWDI) posted EBITDA of -$583.6 million for Q4 2025, down 18649.37% sequentially from -$3.1 million in Q3 2025, and down 64891.1% YoY from N/an in Q4 2024.
Analysis
Forward Industries (FWDI) EBITDA (2010 - 2025) Analysis & Trends
Forward Industries has reported EBITDA for 13 years, with the latest figure at -$583.6 million in Q4 2025.
- Quarterly EBITDA fell 64891.1% year-over-year to -$583.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$591.1 million (down 21919.07% YoY) and the FY2025 annual result came in at -$8.4 million, down 290.14% from the prior year.
- EBITDA retreated to -$583.6 million in Q4 2025 per FWDI's latest filing, from -$3.1 million in the prior quarter.
- Over five years, EBITDA peaked at $1.1 million in Q3 2022 and troughed at -$583.6 million in Q4 2025.
- A 5-year average of -$29.7 million and a median of -$383063.0 in 2022 frame the typical range for EBITDA.
- The sharpest annual moves came in 2022 and 2025: EBITDA soared 2279.5% in 2022, then plunged 64891.1% in 2025.
- Over 5 years, EBITDA stood at $214214.0 in 2021, then tumbled by 159.71% to -$127916.0 in 2022, then slumped by 197.32% to -$380321.0 in 2023, then slumped by 136.12% to -$898030.0 in 2024, then slumped by 64891.1% to -$583.6 million in 2025.
- According to Business Quant data, EBITDA over the past three periods registered -$583.6 million, -$3.1 million, and -$2.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 56.58 Bn | 47.55 Bn | 5.39 Bn | 1.31 Bn |
| 2 | Deckers Outdoor | 12.06 Bn | 10.16 Bn | - | - |
| 3 | Birkenstock Holding | 6.28 Bn | 5.48 Bn | 493.89 Mn | 276.24 Mn |
| 4 | Crocs | 5.68 Bn | 5.51 Bn | 700.71 Mn | 285.68 Mn |
| 5 | Steven Madden | 2.98 Bn | 2.88 Bn | 309.66 Mn | 39.32 Mn |
| 6 | Wolverine World Wide | 1.58 Bn | 1.42 Bn | 235.30 Mn | 47.30 Mn |
| 7 | Forward Industries | 541.84 Mn | 541.84 Mn | - | - |
| 8 | Weyco | 423.26 Mn | 327.79 Mn | 43.78 Mn | 17.02 Mn |
| 9 | Rocky Brands | 330.85 Mn | 328.22 Mn | 60.80 Mn | 19.69 Mn |
| 10 | Fossil | 297.84 Mn | 218.89 Mn | 130.79 Mn | 3.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -583.64 Mn |
| Sep 30, 2025 | -3.11 Mn |
| Jun 30, 2025 | -2.56 Mn |
| Mar 31, 2025 | -1.82 Mn |
| Dec 31, 2024 | -898,030.00 |
| Sep 30, 2024 | -706,479.00 |
| Jun 30, 2024 | -459,211.00 |
| Mar 31, 2024 | -620,925.00 |
| Dec 31, 2023 | -380,321.00 |
| Sep 30, 2023 | 231,023.00 |
| Jun 30, 2023 | 148,371.00 |
| Mar 31, 2023 | -91,821.00 |
| Dec 31, 2022 | -127,916.00 |
| Sep 30, 2022 | 1.08 Mn |
| Jun 30, 2022 | -385,805.00 |
| Mar 31, 2022 | -322,739.00 |
| Dec 31, 2021 | 214,214.00 |
| Sep 30, 2021 | -49,681.00 |
| Jun 30, 2021 | 268,351.00 |
| Mar 31, 2021 | -816,176.00 |