FWDIForward Industries, Inc.
Is it growing?
Neither accelerating nor breaking down: revenue growing +255% year on year, but operating margin narrowing (−1352.6 points).
Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: +8% a year.
Trailing-twelve-month operating margin, -1401.4% now against -48.8% a year earlier.
All from SEC EDGAR, as of Jun 30, 2026.
Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.
Is FWDI growing?
Forward Industries, Inc. has grown revenue 16% a year over three years and 7.7% a year over five.
Revenue growth, 3-year annual rate · Footwear & Accessories median +7.5% · compounding fast · compounded from trailing twelve-month revenue
- Revenue growth, 5-year rate
- +7.7%
Revenue growth, 5-year rate · +16% over three · growth has picked up over the last three years
- Years of annual history on file
- 16
Years of annual history on file · FY2010 to FY2025, as filed
Details›
- Revenue FY2021
- $39M
- Revenue FY2022
- $38M
- Revenue FY2023
- $37M
- Revenue FY2024
- $20M
- Revenue FY2025
- $18M
Annual income statements as filed with the SEC.
Footwear & Accessories
Ranks #8 of 9 by RyuScore