Design was Forward Industries’s largest segment in fiscal 2025, bringing in $13.61M of $18.19M (75%).
| Segment | FY 2013 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Segments | — | — | — | — | |||||
| Distribution | — | — | — | — | |||||
| Oem Distribution | $18.04M | $14.00M | — | — | |||||
| O E M Distribution | — | — | — | — | |||||
| Design | $20.17M | $22.69M | $19.99M | $13.61M | |||||
| Digital Assets | — | — | — | $4.58M | |||||
| Retail Distribution | — | — | — | — | |||||
| Total | $38.21M | $36.69M | $19.99M | $18.19M |
Forward Industries brought in $18.19M from its two segments in fiscal 2025, the year ended September 30, 2025. Forward Industries regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $19.99M. Design was the largest at $13.61M (74.8%), ahead of Digital Assets at $4.58M (25.2%).
Forward Industries began breaking out Digital Assets in fiscal 2025, when it brought in $4.58M. Forward Industries stopped reporting Oem Distribution as a separate segment after fiscal 2023, when it brought in $14.00M.
United States was Forward Industries’s largest region in fiscal 2019, bringing in $21.73M of $37.41M (58%).
| Geography | FY 2018 | FY 2019 |
|---|---|---|
| United States | $17.31M | $21.73M |
| Hong Kong | $6.49M | $6.02M |
| Germany | $3.99M | $3.88M |
| Poland | $4.07M | $3.36M |
| Singapore | $338.00K | $564.00K |
| Other | $553.00K | $166.00K |
| Switzerland | $407.00K | $297.00K |
| Otherapmember | $119.00K | $580.00K |
| Malaysia | $480.00K | $153.00K |
| China | $248.00K | $318.00K |
| Austria | $302.00K | $186.00K |
| Taiwan | $195.00K | $164.00K |
| Numerator: [Default Label] | $8.00K | $4.00K |
| Total | $34.50M | $37.41M |
Forward Industries brought in $37.41M from its 13 regions in fiscal 2019, the year ended September 30, 2019. That was up 8.4% from $34.50M in fiscal 2018. United States was the largest at $21.73M (58.1%), ahead of Hong Kong at $6.02M (16.1%) and Germany at $3.88M (10.4%). The other 10 regions brought in $5.79M combined.
Compared with fiscal 2018, United States grew fastest, up 25.6% to $21.73M, while Poland fell the most, down 17.6% to $3.36M.
Emea Region was Forward Industries’s largest region in fiscal 2014, bringing in $11.86M of $33.36M (36%).
| Region | FY 2013 | FY 2014 |
|---|---|---|
| Apac Region | — | $11.65M |
| Apac | $10.76M | — |
| Emea Region | $9.19M | $11.86M |
| Americas | $10.96M | $9.85M |
| Total | $30.91M | $33.36M |
Forward Industries brought in $33.36M from its three regions in fiscal 2014, the year ended September 30, 2014. Forward Industries regrouped these regions after fiscal 2013, so the total does not compare directly with that year's $30.91M. Emea Region was the largest at $11.86M (35.6%), ahead of Apac Region at $11.65M (34.9%) and Americas at $9.85M (29.5%).
Compared with fiscal 2013, Emea Region grew 29.1% to $11.86M, while Americas fell 10.2% to $9.85M.
Forward Industries began breaking out Apac Region in fiscal 2014, when it brought in $11.65M. Forward Industries stopped reporting Apac as a separate region after fiscal 2013, when it brought in $10.76M.
Forward Industries (FWDI) reports its revenue by segment, by geography and by region. In fiscal 2025, Design was its largest segment, bringing in $13.61M (74.8% of the total), followed by Digital Assets at $4.58M (25.2%).
Design was Forward Industries' largest segment in fiscal 2025, bringing in $13.61M, or 74.8% of the $18.19M total across its two segments.
United States was Forward Industries' largest region in fiscal 2019, bringing in $21.73M, or 58.1% of the $37.41M total across its 13 regions.
Among Forward Industries' regions that make up at least 2% of revenue, United States grew fastest in fiscal 2019, up 25.6% from $17.31M to $21.73M.
Every figure comes from Forward Industries' annual financial filings, as reported. Each line keeps the name Forward Industries gives it, and years follow its fiscal calendar.
Forward Industries' revenue by segment goes back to fiscal 2013, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.