Forward Industries, Inc.

As of June 30, 2026, Forward Industries Inc. carries a market capitalization of 4.68B, placing it among publicly traded companies globally. Its enterprise value stands at 6.52B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Forward Industries Inc.'s next confirmed earnings release is scheduled for December 17, 2026.

As of June 30, 2026, Forward Industries Inc. has 73.85M shares outstanding.

These figures are as of June 30, 2026. The price-to-sales ratio is 6.27, and the price-to-book ratio stands at 0.57.

These figures are as of June 30, 2026. The EV/Sales ratio of 7.03 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. These enterprise value multiples are built on an enterprise value of 6.52B versus a market cap of 4.68B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, Forward Industries Inc. maintains a current ratio of 0.17, meaning it holds 0.2x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 24.99, indicating elevated leverage, while an interest coverage ratio of -1,596.58 demonstrates limited ability to service its debt obligations.

These figures cover the twelve months ended June 30, 2026. Return on assets (ROA) is negative at -360.71, reflecting losses generated across the asset base. The company generates approximately 15.47M in revenue per employee across its workforce of 60.00, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, Forward Industries Inc. recorded 1.76M in income tax expense. The company reported a pretax loss of -19.25B and -19.25B in bottom-line net income, so the effective tax rate carries little signal until profitability returns.

Over the twelve months ended June 30, 2026, Forward Industries Inc. generated 928.12M in revenue and converted that into -19.25B in net income, yielding earnings per share of -209.86. EBITDA reached -16.44B, while operating income came in at 175.03M.

As of June 30, 2026, Forward Industries Inc. holds 232.07M in cash and equivalents against 2.07B in total debt, resulting in a net debt position of 1.86B. Total book value stands at 8.29B, with working capital of -1.85B providing operational flexibility.

Forward Industries Inc. produced -321.15M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -58,722.05 in capital expenditures, free cash flow totaled -321.21M - equivalent to -3.50 per share.

Over the twelve months ended June 30, 2026, Forward Industries Inc. posted a gross margin of 70.56, reflecting its pricing power and cost economics. The operating margin of 18.86 and net profit margin of -2,073.85 provide insight into operational efficiency.

These figures cover the twelve months ended June 30, 2026. Free cash flow yield is negative at -5.52: the business is consuming cash rather than generating it, so any dividend is not covered by free cash flow. Total shareholder yield is negative at -366.61, meaning Forward Industries Inc. raised more capital through share issuance and new debt than it returned via dividends and buybacks.

Forward Industries Inc.'s most recent stock split took place on June 18, 2024 with a 10:1 split ratio.

As of June 30, 2026, Forward Industries Inc. has an Altman Z-Score of -1.43, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.