PerpEquitiesEquity
FWDI perpetual futures
Forward Industries provides hardware and software design and engineering services for consumer and industrial electronics, including medical devices, wearables, and IoT systems.
Price chart
4.08▲ 0.00%
4.084.084.094.094.10
02:34 PM03:02 PM03:30 PM03:57 PM04:25 PM
24/7 perp mark · Binance (FWDI/USDT)
Auto: market closed → highest-volume perp venueOpen in TradingView ↗
Trading data
Perpetual market activity
Venues
1
Live markets
1/1
24h volume
$127k
Open interest
$18k
Best liquidity
$11k
Binance
Tightest spread
+22.1 bps
Binance
Highest volume
$127k
Binance
Settlement mix
USDT · 1/1
Perp/spot vol.
0.15x
Spot $866k
OI / float
+0.01%
Float $255.4M
1D-13.94%
5D-14.38%
1M+84.69%
6M-44.28%
YTD-38.21%
1Y-50.91%
Best Liquidity
FWDITightest Spread
FWDIHighest Volume
FWDICompany data
Company fundamentals
Market cap
$301.6M
Updated 2h ago
Revenue
$44.8M
Trailing 12 months
Net income
$-1.0B
Trailing 12 months
Free cash flow
$-16.3M
Trailing 12 months
Profit margin
-2305.1%
P/E
-0.4
P/S
6.7
Peer P/E
-0.5
Similar listed perps
Revenue estimate
$48.1M
Next fiscal year
Revenue growth
+165%
Next fiscal year
Earnings
2026-08-12
Revenue est. $12.6M · updated 2h ago
Dividend
-
Fundamental detail
Annual + quarterlyLatest revenue$18.2M
Net margin-918.1%
Free cash flow$-4.5M
Net debt$-35.6M
PeriodRevenueGrowthNet incomeFCF
2020$34.5M-8%$-1.8M$-331k
2021$39.0M+13%$524k$-596k
2022$42.3M+8%$-1.4M$1.4M
2023$36.7M-13%$-3.7M$905k
2024$30.2M-18%$-2.0M$342k
2025$18.2M-40%$-167.0M$-4.5M
PeriodGross marginOperating marginNet marginROEROA
2020+19.3%-2.8%-5.1%-27.0%-9.2%
2021+20.8%-2.0%+1.3%+7.0%+2.6%
2022+19.8%-2.9%-3.3%-22.0%-6.6%
2023+22.8%+0.4%-10.2%-142.8%-21.5%
2024+20.6%-6.4%-6.5%-65.7%-13.2%
2025+28.5%-35.0%-918.1%-11.4%-11.3%
PeriodCashDebtNet debtCurrent ratio
2020$2.9M$7.8M$4.8M1.38
2021$1.4M$5.5M$4.1M1.78
2022$2.6M$5.0M$2.5M1.44
2023$3.2M$4.3M$1.2M1.05
2024$3.0M$3.4M$411k1.03
2025$38.2M$2.5M$-35.6M15.14
PeriodMarket capEnterprise valueP/SP/E
2020$133.2M$138.0M3.9-73.2
2021$237.8M$241.9M6.1454.4
2022$133.8M$136.3M3.2-95.0
2023$76.5M$77.6M2.1-20.5
2024$41.1M$41.5M1.4-21.1
2025$1.7B$1.7B95.5-10.4
PeriodRevenueGrowthNet incomeFCF
Q3 2024$7.9M-22%$-400k$447k
Q4 2024$7.3M+44%$-644k$464k
Q1 2025$4.6M-35%$-708k$-416k
Q2 2025$3.1M-60%$-1.5M$-539k
Q3 2025$2.5M-68%$-850k$-1.2M
Q4 2025$7.9M+8%$-164.0M$-2.3M
Q1 2026$21.4M+364%$-585.7M$-7.9M
Q2 2026$13.0M+315%$-283.1M$-4.8M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+20.4%-4.8%-5.1%-28.7%-2.6%
Q4 2024+19.2%-8.6%-8.8%-21.7%-4.4%
Q1 2025+24.5%-14.6%-15.3%-31.1%-5.2%
Q2 2025-5.7%-58.3%-46.5%-40.6%-11.8%
Q3 2025-24.9%-102.6%-34.1%-25.4%-10.2%
Q4 2025+61.1%-16.5%-2063.6%-11.2%-11.1%
Q1 2026+78.6%+44.9%-2732.2%-66.5%-65.6%
Q2 2026+70.0%+18.8%-2184.1%-51.3%-46.5%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$2.6M$3.5M$984k0.86
Q4 2024$3.0M$3.4M$411k1.03
Q1 2025$2.6M$3.5M$874k0.98
Q2 2025$1.8M$3.4M$1.6M1.19
Q3 2025$1.3M$3.3M$2.0M1.51
Q4 2025$38.2M$2.5M$-35.6M15.14
Q1 2026$25.4M$5.9M$-19.5M6.24
Q2 2026$16.6M$53.0M$36.4M0.40
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$52.2M$53.2M6.6-32.9
Q4 2024$41.1M$41.5M5.6-16.1
Q1 2025$54.5M$55.4M11.8-19.3
Q2 2025$45.7M$47.3M14.6-7.9
Q3 2025$65.0M$67.0M26.1-19.0
Q4 2025$1.7B$1.7B218.6-2.9
Q1 2026$655.0M$635.6M30.6-0.3
Q2 2026$420.5M$456.9M32.4-0.4
Refreshed 2h ago
Research data
Analysts, filings and peer context
Estimates
6 periodsFY 2026$48.1M+165%1 analysts
FY 2027$53.9M+196%1 analysts
FY 2028$61.0M+235%1 analysts
Q2 2026$12.6M-3%2 analysts
Q3 2026$12.8M+411%2 analysts
Q4 2026$12.7M+60%1 analysts
Events
Earnings · dividends · splits2026-08-13EarningsRevenue est. $13.1M
2026-08-12EarningsRevenue est. $12.6M
2026-05-14EarningsRevenue est. $16.6M
2026-02-12EarningsRevenue est. $21.4M
2025-12-26EarningsRevenue est. $21.4M
2025-08-14Earnings-
Peer comparison
Similar listed perpsRevenue mix
Latest annualDesignproduct$20.0M
OEM Distributionproduct$10.2M
UNITED STATESgeographic$23.6M
POLANDgeographic$2.8M
Other Foreign Countriesgeographic$2.1M
Analysts
Price targetsConsensus-$7.9
Range$7.9$7.9
Ratings--
Ownership
Institutional · 2026-Q1Free float+84.9%0.1B sh.
Institutional+26.2%72
52 week3.4846.00
Transcripts
PendingNo transcripts available yet.
Latest updates
News · earnings context2026-07-01Forward Industries Expands Solana Treasury by Over 500k SOL in Fiscal Q3 2026; Now Holds Over 7.5M SOLglobenewswire.com2026-06-24OPENING POSITION DISCLOSURE UNDER RULE 8.1(a) AND (b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY AN OFFEROR OR AN OFFEREEglobenewswire.com2026-06-24OPENING POSITION DISCLOSURE UNDER RULE 8.1(a) AND (b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY AN OFFEROR OR AN OFFEREEglobenewswire.com2026-06-15UPDATED: Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT)globenewswire.com2026-06-15UPDATED: Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT)globenewswire.com