Forward Industries (FWDI) Intangibles (2018 - 2025)
Forward Industries' Intangibles came in at $521,000 for fiscal Q3 2025 (quarter ended Jun 30, 2025), down 29.0% from $734,000 a year earlier and down 9.2% from the prior quarter.
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Analysis
Forward Industries (FWDI) Intangibles (2018 - 2025) Analysis & Trends
At the end of FY2024 (ended Sep 30, 2024), Forward Industries' Intangibles was $680,386, down 23.8% from FY2023.
- Intangibles has declined in each of the last four fiscal years, with a five-year compound annual growth rate of -11.4% (FY2019 to FY2024).
- Going back by fiscal year, Intangibles was $893,143 in FY2023 (-19.2%), $1.11 million in FY2022 (-16.1%), $1.32 million in FY2021 (-13.9%) and $1.53 million in FY2020 (+22.6%).
- The fiscal Q3 2025 figure represents the lowest quarterly Intangibles in data going back to fiscal Q4 2018.
- Year-over-year, Intangibles has declined for 16 consecutive quarters, with an average decline of 23.5% over the last eight quarters.
- The fastest year-over-year change in Intangibles over five years came in fiscal Q4 2020 (growth of 22.6%), and the weakest in fiscal Q3 2025 (a decline of 29.0%).
- Business Quant data shows FWDI's Intangibles at $574,007 (Q2 2025), $627,197 (Q1 2025) and $680,386 (Q4 2024) in the three fiscal quarters before Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | 486.00 Mn |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 1.68 Bn |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | 3.64 Bn |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | 1.10 Bn |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | 590.76 Mn |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | 67.51 Mn |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | - |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | 662.83 Mn |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | 372.97 Mn |
| 10 | Forward Industries | 576.01 Mn | 576.01 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | 521,000.00 |
| Mar 31, 2025 | 574,007.00 |
| Dec 31, 2024 | 627,197.00 |
| Sep 30, 2024 | 680,386.00 |
| Jun 30, 2024 | 734,000.00 |
| Mar 31, 2024 | 786,765.00 |
| Dec 31, 2023 | 840,000.00 |
| Sep 30, 2023 | 893,143.00 |
| Jun 30, 2023 | 946,333.00 |
| Mar 31, 2023 | 999,522.00 |
| Dec 31, 2022 | 1.05 Mn |
| Sep 30, 2022 | 1.11 Mn |
| Jun 30, 2022 | 1.16 Mn |
| Mar 31, 2022 | 1.21 Mn |
| Dec 31, 2021 | 1.27 Mn |
| Sep 30, 2021 | 1.32 Mn |
| Jun 30, 2021 | 1.37 Mn |
| Mar 31, 2021 | 1.43 Mn |
| Dec 31, 2020 | 1.48 Mn |
| Sep 30, 2020 | 1.53 Mn |
API Access
Forward Industries Intangibles 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=intangibles&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();