FORWARD INDUSTRIES INC (FWDI)
Information Technology · Cryptocurrency and Digital Asset Management · NASDAQ
Forward Industries is a cryptocurrency and digital asset investment company struggling with massive impairments and chronic losses as volatile crypto markets erode its portfolio value.
What FORWARD INDUSTRIES INC does
Forward Industries is a company that holds and manages digital assets, primarily cryptocurrencies and blockchain-related investments. The company generates revenue from service offerings related to its digital asset portfolio and strategic investments. In recent periods, Forward Industries has suffered significant losses on digital assets due to impairments and fair value adjustments, reflecting volatility in cryptocurrency valuations. The company also maintains a small amount of product/services revenue separate from its digital asset operations.
Themes: ["Cryptocurrency / digital assets","Blockchain","Digital asset management"]
Fundamentals
- Price$4.11 as of 2026-07-09 close
- Market cap$302M as of 2026-07-10
- 1-year return-50.6% as of 2026-07-09 close
- Net margin-2305.2% as of 2026-07-10
- Gross margin+67.3% as of 2026-07-10
- ROE-142.3% as of 2026-07-10
- Debt / equity0.09 as of 2026-07-10
- Revenue growth (YoY)+79.7% as of 2026-07-10
- Revenue CAGR (3y)-21.9% SEC XBRL
- Beta0.80 as of 2026-07-10
Key risks (from latest filing)
["Significant digital asset impairments and losses ($879M in losses on digital assets for the six months ended March 31, 2026), exposing the company to cryptocurrency market volatility and valuation risk","Substantial accumulated deficit ($1.055B as of March 31, 2026) and negative net margins indicating chronic unprofitability and cash burn","Heavy reliance on related-party loans and transactions ($40M in related-party loans payable as of March 31, 2026), raising governance and liquidity concerns"]
Competitors & peers
- Grayscale Investments
- MicroStrategy (MSTR)
- Marathon Digital Holdings (MARA)
- Riot Platforms (RIOT)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.