Forward Industries (FWDI) Revenue (2010 - 2025)

Forward Industries' (FWDI) annual Revenue came in at $18.2 million in FY2025, down 9.02% year-over-year from $20.0 million in FY2024.

Forward Industries (FWDI) Revenue (2010 - 2025) Analysis & Trends

Forward Industries has disclosed Revenue across 13 years of filings, most recently posting $18.2 million for FY2025.

  • Revenue for Q4 2025 came in at $21.4 million, up 363.52% year-over-year; the trailing twelve-month figure through Dec 2025 was $35.0 million (up 79.72% YoY), and the FY2025 annual result was $18.2 million, down 9.02% from the prior year.
  • Revenue came in at $18.2 million for FY2025 at Forward Industries, down from $20.0 million in the prior year.
  • In the past five years, Revenue ranged from a high of $39.0 million in FY2021 to a low of $18.2 million in FY2025.
  • The 5-year median for Revenue is $36.1 million (2023), against an average of $30.3 million.
  • Across the five-year window, Revenue increased 13.18% in 2021 and tumbled 44.57% in 2024, its largest moves.
  • Forward Industries' Revenue stood at $39.0 million in 2021, then dropped by 2.09% to $38.2 million in 2022, then decreased by 5.61% to $36.1 million in 2023, then plunged by 44.57% to $20.0 million in 2024, then retreated by 9.02% to $18.2 million in 2025.
  • The last three Revenue figures came in at $18.2 million (FY2025), $20.0 million (FY2024), and $36.1 million (FY2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Yr)
1 Birkenstock Holding 98.76 Bn 98.52 Bn 390.51 Mn -
2 Nike 63.56 Bn 55.51 Bn 4.53 Bn -
3 Deckers Outdoor 15.58 Bn 13.49 Bn 1.17 Bn -
4 Crocs 6.00 Bn 5.87 Bn 522.95 Mn -
5 Steven Madden 3.13 Bn 3.09 Bn 357.42 Mn -
6 Wolverine World Wide 1.84 Bn 1.64 Bn 243.40 Mn 1.87 Bn
7 On Holding AG 1.61 Bn 220.32 Mn 682.30 Mn -
8 Designer Brands 414.71 Mn 363.84 Mn 302.71 Mn 2.89 Bn
9 Forward Industries 365.68 Mn 340.29 Mn 16.85 Mn -
10 Weyco 332.28 Mn 234.85 Mn 33.84 Mn 276.17 Mn

Historic Data

Download Data
DateValue
Sep 30, 2025 18.19 Mn
Sep 30, 2024 19.99 Mn
Sep 30, 2023 36.06 Mn
Sep 30, 2022 38.21 Mn
Sep 30, 2021 39.02 Mn
Sep 30, 2020 34.48 Mn
Sep 30, 2019 37.41 Mn
Sep 30, 2018 34.50 Mn
Sep 30, 2014 33.36 Mn
Sep 30, 2013 30.91 Mn
Sep 30, 2012 29.40 Mn
Sep 30, 2011 22.76 Mn
Sep 30, 2010 19.00 Mn