Forward Industries (FWDI) Shares Outstanding (Diluted) (2009 - 2026)
Forward Industries' Shares Outstanding (Diluted) was 86.69 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), compared with 1.11 million a year earlier.
Powered by 
Analysis
Forward Industries (FWDI) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Shares Outstanding (Diluted) at Forward Industries came in at 6.79 million, up 516.8% from FY2024.
- Shares Outstanding (Diluted) shows a five-year compound annual growth rate of 47.9% (FY2020 to FY2025).
- In earlier fiscal years, Shares Outstanding (Diluted) was 1.1 million in FY2024 (+9.4%), 1.01 million in FY2023 (unchanged), 1.01 million in FY2022 (-3.7%) and 1.04 million in FY2021 (+9.0%).
- Quarterly Shares Outstanding (Diluted) has moved between 1.01 million (fiscal Q2 2022) and 99.1 million (fiscal Q1 2026) over five years.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was fiscal Q4 2025 (growth of 516.8%); the worst was fiscal Q3 2022 (a decline of 4.3%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | 4.12 Bn |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 450.00 Mn |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 125.70 Mn |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | 79.41 Mn |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | 225.49 Mn |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | 51.62 Mn |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 51.47 Mn |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | 86.01 Mn |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 152.57 Mn |
| 10 | Forward Industries | 386.96 Mn | 293.49 Mn | 6.70 Mn | 86.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 86.69 Mn |
| Mar 31, 2026 | 94.92 Mn |
| Dec 31, 2025 | 99.10 Mn |
| Sep 30, 2025 | 6.79 Mn |
| Jun 30, 2025 | 1.11 Mn |
| Mar 31, 2025 | 1.10 Mn |
| Dec 31, 2024 | 1.10 Mn |
| Sep 30, 2024 | 1.10 Mn |
| Jun 30, 2024 | 1.10 Mn |
| Mar 31, 2024 | 1.01 Mn |
| Dec 31, 2023 | 1.01 Mn |
| Sep 30, 2023 | 1.01 Mn |
| Jun 30, 2023 | 1.01 Mn |
| Mar 31, 2023 | 1.01 Mn |
| Dec 31, 2022 | 1.01 Mn |
| Sep 30, 2022 | 1.01 Mn |
| Jun 30, 2022 | 1.01 Mn |
| Mar 31, 2022 | 1.01 Mn |
| Dec 31, 2021 | 1.03 Mn |
| Sep 30, 2021 | 1.04 Mn |
API Access
Forward Industries Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();