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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 60.63 Bn | 51.60 Bn | 5.39 Bn | -141.00 Mn |
| 2 | Deckers Outdoor | 13.33 Bn | 11.43 Bn | - | 2.25 Bn |
| 3 | Birkenstock Holding | 7.60 Bn | 6.80 Bn | 493.89 Mn | 1.17 Bn |
| 4 | Crocs | 6.44 Bn | 6.27 Bn | 700.71 Mn | 3.82 Bn |
| 5 | Steven Madden | 3.37 Bn | 3.28 Bn | 309.66 Mn | 1.84 Bn |
| 6 | Wolverine World Wide | 1.62 Bn | 1.46 Bn | 235.30 Mn | 951.60 Mn |
| 7 | Weyco | 425.23 Mn | 329.76 Mn | 43.78 Mn | 184.08 Mn |
| 8 | Forward Industries | 355.01 Mn | 355.01 Mn | - | - |
| 9 | Rocky Brands | 354.31 Mn | 351.69 Mn | 60.80 Mn | 188.70 Mn |
| 10 | Designer Brands | 311.24 Mn | 261.14 Mn | 315.32 Mn | 56.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |