Forward Industries (FWDI) Liabilities and Shareholders Equity (2010 - 2025)
Forward Industries (FWDI) reported Liabilities and Shareholders Equity of $892.95 million for fiscal Q1 2026 (quarter ended Dec 31, 2025), compared with $13.49 million a year earlier and down 39.5% from the prior quarter.
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Analysis
Forward Industries (FWDI) Liabilities and Shareholders Equity (2010 - 2025) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Forward Industries posted Liabilities and Shareholders Equity of $1.47 billion.
- Liabilities and Shareholders Equity has a five-year compound annual growth rate of 137.9% (FY2020 to FY2025).
- By fiscal year, Liabilities and Shareholders Equity came in at $14.77 million in FY2024 (-15.1%), $17.39 million in FY2023 (-17.0%), $20.94 million in FY2022 (+5.5%) and $19.86 million in FY2021 (+2.6%).
- Five-year quarterly Liabilities and Shareholders Equity spans a low of $8.29 million in fiscal Q3 2025 and a high of $1.47 billion in fiscal Q4 2025.
- The high point for year-over-year Liabilities and Shareholders Equity in five years was fiscal Q2 2022 (growth of 27.8%); the low point was fiscal Q3 2025 (a decline of 45.5%).
- Per Business Quant data, the three fiscal quarters before Q1 2026 came in at $1.47 billion (Q4 2025), $8.29 million (Q3 2025) and $12.34 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | 16.36 Bn |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 20.83 Bn |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | 38.51 Bn |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | 17.25 Bn |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | - |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | 38.38 Bn |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | 15.43 Bn |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | 21.53 Bn |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | 4.57 Bn |
| 10 | Forward Industries | 576.01 Mn | 576.01 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 892.95 Mn |
| Sep 30, 2025 | 1.47 Bn |
| Jun 30, 2025 | 8.29 Mn |
| Mar 31, 2025 | 12.34 Mn |
| Dec 31, 2024 | 13.49 Mn |
| Sep 30, 2024 | 14.77 Mn |
| Jun 30, 2024 | 15.23 Mn |
| Mar 31, 2024 | 15.19 Mn |
| Dec 31, 2023 | 16.34 Mn |
| Sep 30, 2023 | 17.39 Mn |
| Jun 30, 2023 | 19.24 Mn |
| Mar 31, 2023 | 20.29 Mn |
| Dec 31, 2022 | 21.86 Mn |
| Sep 30, 2022 | 20.94 Mn |
| Jun 30, 2022 | 23.23 Mn |
| Mar 31, 2022 | 21.97 Mn |
| Dec 31, 2021 | 21.98 Mn |
| Sep 30, 2021 | 19.86 Mn |
| Jun 30, 2021 | 18.93 Mn |
| Mar 31, 2021 | 17.20 Mn |
API Access
Forward Industries Liabilities and Shareholders Equity 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=liabilities-and-shareholders-equity&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "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=liabilities-and-shareholders-equity&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();