Forward Industries, Inc.
FWDIConsumer CyclicalNASDAQFootwear & Accessories · Last scanned Jun 1, 2026
Scan Results
Daily timeframeForward Industries, Inc. operates as a Solana (SOL) focused digital asset treasury company. With a market capitalization of $351.0M, it sits in small-cap territory. The company operates through Digital Assets and Design segments.
Market Cap
$351.0M
Beta
—
P/E (TTM)
—
P/E (Fwd)
-11750.00
EPS (TTM)
$-31.38
EPS (Fwd)
$-0.00
ROE
-373.0%
ROA
1.7%
Cash
$16.6M
Total Debt
$53.0M
Free CF
$7.6M
52W Change
-21.8%
Annual Financials
Cash vs Debt
On the balance sheet, FWDI has $16.6M in cash with $53.0M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $7.6M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of -373.0% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.7% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $38.2M (2022) to $18.2M (2025), a 52% decline worth watching.
Investors considering Forward Industries, Inc. should weigh the typical risks associated with FWDI's sector, size, and financial profile against their own risk tolerance and investment objectives. No single metric tells the full story. Reviewing FWDI's risk profile alongside its fundamentals and technical indicators provides a more complete picture.