Forward Industries (FWDI) Free Cash Flow (2011 - 2025)
Forward Industries (FWDI) recorded Free Cash Flow of -$7.93 million in fiscal Q1 2026 (quarter ended Dec 31, 2025), compared with -$439,701 a year earlier.
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Analysis
Forward Industries (FWDI) Free Cash Flow (2011 - 2025) Analysis & Trends
On a TTM basis, Forward Industries' Free Cash Flow came in at -$12.41 million as of Dec 31, 2025; for FY2025 (ended Sep 30, 2025), it came in at -$4.92 million.
- Across earlier fiscal years, Free Cash Flow came in at -$1.22 million in FY2024, $904,946 in FY2023 (-33.7%), $1.37 million in FY2022 and -$595,518 in FY2021.
- The fiscal Q1 2026 figure is the lowest quarterly Free Cash Flow in data going back to fiscal Q4 2011.
- Per Business Quant, the preceding three fiscal quarters came in at -$2.3 million (Q4 2025), -$1.64 million (Q3 2025) and -$539,047 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | 1.26 Bn |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 459.00 Mn |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | -332.43 Mn |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | -82.60 Mn |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | 457.05 Mn |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | 297.21 Mn |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | -307.50 Mn |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | -566.14 Mn |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | -17.64 Mn |
| 10 | Forward Industries | 576.01 Mn | 576.01 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -7.93 Mn |
| Sep 30, 2025 | -2.30 Mn |
| Jun 30, 2025 | -1.64 Mn |
| Mar 31, 2025 | -539,047.00 |
| Dec 31, 2024 | -439,701.00 |
| Sep 30, 2024 | 242,778.00 |
| Jun 30, 2024 | -49,229.00 |
| Mar 31, 2024 | -1.51 Mn |
| Dec 31, 2023 | 96,318.00 |
| Sep 30, 2023 | 459,305.00 |
| Jun 30, 2023 | 565,450.00 |
| Mar 31, 2023 | 73,907.00 |
| Dec 31, 2022 | -193,716.00 |
| Sep 30, 2022 | 347,887.00 |
| Jun 30, 2022 | 786,443.00 |
| Mar 31, 2022 | -841,033.00 |
| Dec 31, 2021 | 1.07 Mn |
| Sep 30, 2021 | -196,498.00 |
| Jun 30, 2021 | 36,776.00 |
| Mar 31, 2021 | 105,889.00 |
API Access
Forward Industries Free Cash Flow 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=free-cash-flow&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();