Forward Industries (FWDI) Operating Leases (2019 - 2026)
Forward Industries' Operating Leases came in at $2 million for fiscal Q1 2026 (quarter ended Dec 31, 2025), down 17.5% from $2.43 million a year earlier and down 4.5% from the prior quarter.
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Analysis
Forward Industries (FWDI) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Forward Industries' Operating Leases was $2.09 million, down 13.8% from FY2024.
- Operating Leases has declined in each of the last four fiscal years, with a five-year compound annual growth rate of -9.0% (FY2020 to FY2025).
- Going back by fiscal year, Operating Leases was $2.43 million in FY2024 (-14.3%), $2.83 million in FY2023 (-12.8%), $3.25 million in FY2022 (-8.7%) and $3.56 million in FY2021 (+6.0%).
- The fiscal Q1 2026 figure represents the lowest quarterly Operating Leases in data going back to fiscal Q1 2020.
- Year-over-year, Operating Leases has declined for 15 consecutive quarters, with an average decline of 13.8% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in fiscal Q1 2022 (growth of 11.8%), and the weakest in fiscal Q1 2026 (a decline of 17.5%).
- Business Quant data shows FWDI's Operating Leases at $2.09 million (Q4 2025), $2.19 million (Q3 2025) and $2.31 million (Q2 2025) in the three fiscal quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | 42.20 Bn | - |
| 2 | Cognizant Technology Solutions | 28.52 Bn | 22.49 Bn | 1.91 Bn |
| 3 | Cdw | 20.95 Bn | 17.85 Bn | 1.39 Bn |
| 4 | Td Synnex | 18.62 Bn | 12.78 Bn | 1.43 Bn |
| 5 | Arrow Electronics | 10.10 Bn | 9.05 Bn | 1.13 Bn |
| 6 | EPAM Systems | 7.92 Bn | 3.84 Bn | 445.94 Mn |
| 7 | Avnet | 7.12 Bn | 6.30 Bn | 865.03 Mn |
| 8 | ExlService Holdings | 6.52 Bn | 5.32 Bn | 241.14 Mn |
| 9 | Science Applications International | 6.35 Bn | 5.89 Bn | 239.00 Mn |
| 10 | Forward Industries | 461.21 Mn | 461.21 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 2.48 Mn |
| Dec 31, 2025 | 2.00 Mn |
| Sep 30, 2025 | 2.09 Mn |
| Jun 30, 2025 | 2.19 Mn |
| Mar 31, 2025 | 2.31 Mn |
| Dec 31, 2024 | 2.43 Mn |
| Sep 30, 2024 | 2.43 Mn |
| Jun 30, 2024 | 2.53 Mn |
| Mar 31, 2024 | 2.62 Mn |
| Dec 31, 2023 | 2.72 Mn |
| Sep 30, 2023 | 2.83 Mn |
| Jun 30, 2023 | 2.94 Mn |
| Mar 31, 2023 | 3.05 Mn |
| Dec 31, 2022 | 3.15 Mn |
| Sep 30, 2022 | 3.25 Mn |
| Jun 30, 2022 | 3.41 Mn |
| Mar 31, 2022 | 3.51 Mn |
| Dec 31, 2021 | 3.68 Mn |
| Sep 30, 2021 | 3.56 Mn |
| Jun 30, 2021 | 3.64 Mn |
API Access
Forward Industries Operating Leases 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=operating-leases&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();