Forward Industries (FWDI) Retained Earnings (2010 - 2025)

Forward Industries' (FWDI) quarterly Retained Earnings came in at -$772.3 million in Q4 2025, down 3695.8% year-on-year from $21.5 million in Q4 2024, and down 313.83% quarter-over-quarter from -$186.6 million in Q3 2025.

Forward Industries (FWDI) Retained Earnings (2010 - 2025) Analysis & Trends

Forward Industries has disclosed Retained Earnings across 13 years of filings, most recently posting -$772.3 million for Q4 2025.

  • Retained Earnings for Q4 2025 came in at -$772.3 million, down 3695.8% year-over-year; the trailing twelve-month figure through Dec 2025 was -$772.3 million (down 3695.8% YoY), and the FY2025 annual result was -$186.6 million, down 850.3% from the prior year.
  • Retained Earnings came in at -$772.3 million for Q4 2025 at Forward Industries, down from -$186.6 million in the prior quarter.
  • In the past five years, Retained Earnings ranged from a high of -$12.4 million in Q4 2021 to a low of -$772.3 million in Q4 2025.
  • The 5-year median for Retained Earnings is -$16.7 million (2023), against an average of -$62.6 million.
  • Across the five-year window, Retained Earnings advanced 4.0% in 2021 and slumped 3695.8% in 2025, its largest moves.
  • Forward Industries' Retained Earnings stood at -$12.4 million in 2021, then slipped by 16.05% to -$14.4 million in 2022, then decreased by 25.46% to -$18.0 million in 2023, then slipped by 12.77% to -$20.3 million in 2024, then plunged by 3695.8% to -$772.3 million in 2025.
  • The last three Retained Earnings figures came in at -$772.3 million (Q4 2025), -$186.6 million (Q3 2025), and -$22.6 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Birkenstock Holding 98.76 Bn 98.52 Bn 390.51 Mn 1.05 Bn
2 Nike 63.56 Bn 55.51 Bn 4.53 Bn -610.00 Mn
3 Deckers Outdoor 15.58 Bn 13.49 Bn 1.17 Bn -46.07 Mn
4 Crocs 6.00 Bn 5.87 Bn 522.95 Mn -55.44 Mn
5 Steven Madden 3.13 Bn 3.09 Bn 357.42 Mn -39.15 Mn
6 Wolverine World Wide 1.84 Bn 1.64 Bn 243.40 Mn -126.40 Mn
7 On Holding AG 1.61 Bn 220.32 Mn 682.30 Mn -35.37 Mn
8 Designer Brands 414.71 Mn 363.84 Mn 302.71 Mn 59.87 Mn
9 Forward Industries 365.68 Mn 340.29 Mn 16.85 Mn -772.26 Mn
10 Weyco 332.28 Mn 234.85 Mn 33.84 Mn -13.85 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -772.26 Mn
Sep 30, 2025 -186.61 Mn
Jun 30, 2025 -22.65 Mn
Mar 31, 2025 -21.80 Mn
Dec 31, 2024 -20.35 Mn
Sep 30, 2024 -19.64 Mn
Jun 30, 2024 -18.99 Mn
Mar 31, 2024 -18.59 Mn
Dec 31, 2023 -18.04 Mn
Sep 30, 2023 -17.69 Mn
Jun 30, 2023 -15.79 Mn
Mar 31, 2023 -15.25 Mn
Dec 31, 2022 -14.38 Mn
Sep 30, 2022 -13.95 Mn
Jun 30, 2022 -13.17 Mn
Mar 31, 2022 -12.75 Mn
Dec 31, 2021 -12.39 Mn
Sep 30, 2021 -12.57 Mn
Jun 30, 2021 -12.49 Mn
Mar 31, 2021 -12.73 Mn