Forward Industries (FWDI) Payables (2010 - 2025)
Forward Industries' Payables was $3.44 million in fiscal Q1 2026 (quarter ended Dec 31, 2025), up 216.2% from $1.09 million a year earlier and up 451.4% from the prior quarter.
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Analysis
Forward Industries (FWDI) Payables (2010 - 2025) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Payables at Forward Industries came in at $623,512, down 46.8% from FY2024.
- Payables shows a five-year compound annual growth rate of -22.4% (FY2020 to FY2025).
- In earlier fiscal years, Payables was $1.17 million in FY2024 (-13.7%), $1.36 million in FY2023 (+17.7%), $1.15 million in FY2022 (+117.9%) and $529,497 in FY2021 (-76.1%).
- The fiscal Q1 2026 figure marks the highest quarterly Payables since fiscal Q1 2014.
- Compared with a year earlier, Payables was higher in two of the last eight quarters, with growth averaging 11.3%.
- The best year-over-year quarter for Payables over five years was fiscal Q2 2022 (growth of 402.8%); the worst was fiscal Q2 2021 (a decline of 79.8%).
- Per Business Quant data, FWDI's Payables in the three fiscal quarters before Q1 2026 was $623,512 (Q4 2025), $911,007 (Q3 2025) and $1.02 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 42.66 Bn | 42.72 Bn | 1.60 Bn | 463.39 Mn |
| 2 | Cognizant Technology Solutions | 25.65 Bn | 18.82 Bn | 1.83 Bn | 390.00 Mn |
| 3 | Td Synnex | 20.51 Bn | 14.54 Bn | 1.34 Bn | 21.18 Bn |
| 4 | Cdw | 16.33 Bn | 14.32 Bn | 1.32 Bn | 5.12 Bn |
| 5 | Cgi | 15.07 Bn | 12.85 Bn | - | 809.53 Mn |
| 6 | Arrow Electronics | 11.72 Bn | 10.75 Bn | 1.13 Bn | 27.11 Bn |
| 7 | Avnet | 8.33 Bn | 7.51 Bn | 865.03 Mn | 6.05 Bn |
| 8 | Ingram Micro Holding | 6.23 Bn | 1.84 Bn | 958.68 Mn | 11.80 Bn |
| 9 | EPAM Systems | 5.55 Bn | 1.19 Bn | 429.57 Mn | 41.55 Mn |
| 10 | Forward Industries | 594.47 Mn | 594.47 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 3.44 Mn |
| Sep 30, 2025 | 623,512.00 |
| Jun 30, 2025 | 911,007.00 |
| Mar 31, 2025 | 1.02 Mn |
| Dec 31, 2024 | 1.09 Mn |
| Sep 30, 2024 | 1.17 Mn |
| Jun 30, 2024 | 1.24 Mn |
| Mar 31, 2024 | 1.31 Mn |
| Dec 31, 2023 | 1.34 Mn |
| Sep 30, 2023 | 1.36 Mn |
| Jun 30, 2023 | 1.88 Mn |
| Mar 31, 2023 | 957,613.00 |
| Dec 31, 2022 | 694,644.00 |
| Sep 30, 2022 | 1.15 Mn |
| Jun 30, 2022 | 1.08 Mn |
| Mar 31, 2022 | 2.29 Mn |
| Dec 31, 2021 | 2.21 Mn |
| Sep 30, 2021 | 529,497.00 |
| Jun 30, 2021 | 624,328.00 |
| Mar 31, 2021 | 454,876.00 |
API Access
Forward Industries Payables 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=payables&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();