For the quarter ending 2026-03-31, FWDI made $12,961,114 in revenue. -$283,082,136 in net income. Net profit margin of -2184.09%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | |
|---|---|---|---|---|
| Revenues, net | 12,961,114 | 21,435,250 | 4,546,881.25* | |
| Cost of sales | 3,889,302 | 4,585,637 | 3,249,070.25* | |
| Gross profit | 9,071,812 | 16,849,613 | 1,297,811* | |
| Sales and marketing expenses | 569,522 | 535,363 | 257,337.5* | |
| General and administrative expenses | 3,584,012 | 3,252,629 | 2,401,122.5* | |
| General and administrative expenses - related party | 2,477,777 | 3,444,643 | - | |
| Loss on digital assets | -201,706,226 | -560,212,231 | - | |
| Loss on change in fair value of digital assets | - | - | -40,008,776.25* | |
| Impairment of digital assets | 85,093,048 | 33,044,322 | - | |
| Related party expenses | - | - | 230,878.25* | |
| Derivative gain, net | 269,027 | - | -164,583* | |
| Goodwill impairment | 0 | 0 | 506,577.75* | |
| Operating loss | -284,089,746 | -583,639,575 | -2,098,105* | |
| Interest income | 77,256 | 196,915 | 17,667.25* | |
| Interest income - related party | 114,179 | 479,600 | - | |
| Interest expense - related party | 59,178 | 0 | 12,285.75* | |
| Other expense, net | 0 | -238 | -1,061* | |
| Loss from continuing operations before income taxes | -283,957,489 | -582,963,298 | -42,267,143.75* | |
| (benefit from) / provision for income taxes | -875,353 | 2,687,788 | 5,101* | |
| Loss from continuing operations | -283,082,136 | -585,651,086 | -42,272,244.75* | |
| Income from discontinued operations, net of tax | 0 | 0 | 528,659.75* | |
| Net loss | -283,082,136 | -585,651,086 | -41,743,585* | |
| Deemed dividend on series b convertible preferred stock | - | - | 7,361* | |
| Net loss attributable to common shareholders | - | - | -41,750,946 | |
| Basic EPS | -2.98 | -5.91 | -6.148 | |
| Diluted EPS | -2.98 | -5.91 | -6.148 | |
| Basic Average Shares | 94,924,520 | 99,099,267 | 6,791,173 | |
| Diluted Average Shares | 94,924,520 | 99,099,267 | 6,791,173 | |
Forward Industries, Inc. (FWDI)
Forward Industries, Inc. (FWDI)