Forward Industries (FWDI) Net Income (2009 - 2026)
Forward Industries (FWDI) reported Net Income of -$585.65 million for fiscal Q1 2026 (quarter ended Dec 31, 2025), compared with -$708,000 a year earlier.
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Analysis
Forward Industries (FWDI) Net Income (2009 - 2026) Analysis & Trends
Over the twelve months ended Dec 31, 2025, Forward Industries' Net Income came in at -$751.92 million; for FY2025 (ended Sep 30, 2025), it was -$166.97 million.
- By fiscal year, Net Income came in at -$1.95 million in FY2024, -$3.74 million in FY2023, -$1.38 million in FY2022 and $524,000 in FY2021.
- The fiscal Q1 2026 figure ranks as the lowest quarterly Net Income in data going back to fiscal Q3 2010.
- Per Business Quant data, the three fiscal quarters before Q1 2026 came in at -$163.96 million (Q4 2025), -$850,022 (Q3 2025) and -$1.45 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | 155.31 Bn |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 627.00 Mn |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 309.80 Mn |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | 416.24 Mn |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | 336.31 Mn |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | 318.53 Mn |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 130.31 Mn |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | 282.17 Mn |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 68.77 Mn |
| 10 | Forward Industries | 386.96 Mn | 293.49 Mn | 6.70 Mn | -68.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -68.96 Mn |
| Mar 31, 2026 | -283.08 Mn |
| Dec 31, 2025 | -585.65 Mn |
| Sep 30, 2025 | -163.96 Mn |
| Jun 30, 2025 | -850,022.00 |
| Mar 31, 2025 | -1.45 Mn |
| Dec 31, 2024 | -708,065.00 |
| Sep 30, 2024 | -643,568.00 |
| Jun 30, 2024 | -399,585.00 |
| Mar 31, 2024 | -553,214.00 |
| Dec 31, 2023 | -354,220.00 |
| Sep 30, 2023 | -1.90 Mn |
| Jun 30, 2023 | -536,744.00 |
| Mar 31, 2023 | -870,948.00 |
| Dec 31, 2022 | -430,275.00 |
| Sep 30, 2022 | -783,027.00 |
| Jun 30, 2022 | -419,000.00 |
| Mar 31, 2022 | -356,335.00 |
| Dec 31, 2021 | 180,024.00 |
| Sep 30, 2021 | -84,195.00 |
API Access
Forward Industries Net Income 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=net-income&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();