Forward Industries (FWDI) Operating Expenses (2010 - 2025)

Forward Industries has disclosed Operating Expenses across 13 years of filings, most recently posting $3.3 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $3.3 million, up 81.01% year-over-year; the trailing twelve-month figure through Dec 2025 was $11.2 million (up 59.75% YoY), and the FY2025 annual result was $9.6 million, up 37.81% from the prior year.
• Operating Expenses came in at $3.3 million for Q4 2025 at Forward Industries, down from $4.7 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $4.7 million in Q3 2025 to a low of $1.3 million in Q3 2021.
• The 5-year median for Operating Expenses is $1.8 million (2023), against an average of $2.0 million.
• Across the five-year window, Operating Expenses sank 32.07% in 2021 and soared 192.27% in 2025, its largest moves.
• Forward Industries' Operating Expenses stood at $1.8 million in 2021, then grew by 1.16% to $1.8 million in 2022, then declined by 1.35% to $1.8 million in 2023, then declined by 0.45% to $1.8 million in 2024, then soared by 81.01% to $3.3 million in 2025.
• The last three Operating Expenses figures came in at $3.3 million (Q4 2025), $4.7 million (Q3 2025), and $1.8 million (Q2 2025), per Business Quant data.