Forward Industries (FWDI) Retained Earnings (2010 - 2026)
Forward Industries' Retained Earnings was -$772.26 million in fiscal Q1 2026 (quarter ended Dec 31, 2025), compared with -$20.35 million a year earlier.
Powered by 
Analysis
Forward Industries (FWDI) Retained Earnings (2010 - 2026) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Retained Earnings at Forward Industries came in at -$186.61 million.
- In earlier fiscal years, Retained Earnings was -$19.64 million in FY2024, -$17.69 million in FY2023, -$13.95 million in FY2022 and -$12.57 million in FY2021.
- The fiscal Q1 2026 figure marks the lowest quarterly Retained Earnings in data going back to fiscal Q4 2010.
- Per Business Quant data, FWDI's Retained Earnings in the three fiscal quarters before Q1 2026 was -$186.61 million (Q4 2025), -$22.65 million (Q3 2025) and -$21.8 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | 42.20 Bn | - | 13.46 Bn |
| 2 | Cognizant Technology Solutions | 28.52 Bn | 22.49 Bn | 1.91 Bn | 14.92 Bn |
| 3 | Cdw | 20.95 Bn | 17.85 Bn | 1.39 Bn | -1.37 Bn |
| 4 | Td Synnex | 18.62 Bn | 12.78 Bn | 1.43 Bn | 4.40 Bn |
| 5 | Arrow Electronics | 10.10 Bn | 9.05 Bn | 1.13 Bn | 7.06 Bn |
| 6 | EPAM Systems | 7.92 Bn | 3.84 Bn | 445.94 Mn | 2.09 Bn |
| 7 | Avnet | 7.12 Bn | 6.30 Bn | 865.03 Mn | 3.51 Bn |
| 8 | ExlService Holdings | 6.52 Bn | 5.32 Bn | 241.14 Mn | 1.73 Bn |
| 9 | Science Applications International | 6.35 Bn | 5.89 Bn | 239.00 Mn | 1.43 Bn |
| 10 | Forward Industries | 461.21 Mn | 461.21 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -1.06 Bn |
| 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 |
API Access
Forward Industries Retained Earnings 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=retained-earnings&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "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=retained-earnings&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();