Forward Industries FWDI
NASDAQ FWDI
$6.51 +0.24 (+3.91%)
As of: Sep 3, 2026 · 9:48 AM EDT

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

Forward Industries (FWDI) posted Retained Earnings of -$772.3 million for Q4 2025, down 313.83% sequentially from -$186.6 million in Q3 2025, and down 3695.8% YoY from $21.5 million in Q4 2024.

Analysis

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

Forward Industries has reported Retained Earnings for 13 years, with the latest figure at -$772.3 million in Q4 2025.

  • Quarterly Retained Earnings fell 3695.8% year-over-year to -$772.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$772.3 million (down 3695.8% YoY) and the FY2025 annual result came in at -$186.6 million, down 850.3% from the prior year.
  • Retained Earnings declined to -$772.3 million in Q4 2025 per FWDI's latest filing, from -$186.6 million in the prior quarter.
  • Over five years, Retained Earnings peaked at -$12.4 million in Q4 2021 and troughed at -$772.3 million in Q4 2025.
  • A 5-year average of -$62.6 million and a median of -$16.7 million in 2023 frame the typical range for Retained Earnings.
  • The sharpest annual moves came in 2021 and 2025: Retained Earnings grew 4.0% in 2021, then slumped 3695.8% in 2025.
  • Over 5 years, Retained Earnings stood at -$12.4 million in 2021, then declined by 16.05% to -$14.4 million in 2022, then dropped by 25.46% to -$18.0 million in 2023, then declined by 12.77% to -$20.3 million in 2024, then plunged by 3695.8% to -$772.3 million in 2025.
  • According to Business Quant data, Retained Earnings over the past three periods registered -$772.3 million, -$186.6 million, and -$22.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Nike 56.65 Bn 47.63 Bn 5.39 Bn -155.00 Mn
2 Deckers Outdoor 12.17 Bn 10.26 Bn - 2.25 Bn
3 Birkenstock Holding 6.30 Bn 5.50 Bn 493.89 Mn 1.17 Bn
4 Crocs 5.73 Bn 5.56 Bn 700.71 Mn 3.82 Bn
5 Steven Madden 2.99 Bn 2.89 Bn 309.66 Mn 1.84 Bn
6 Wolverine World Wide 1.61 Bn 1.45 Bn 235.30 Mn 951.60 Mn
7 Forward Industries 564.38 Mn 564.38 Mn - -
8 Weyco 421.09 Mn 325.62 Mn 43.78 Mn 184.08 Mn
9 Rocky Brands 336.03 Mn 333.40 Mn 60.80 Mn 188.70 Mn
10 Fossil 300.79 Mn 221.84 Mn 130.79 Mn -174.01 Mn
Historic Data

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