Company

Forward Industries, Inc. (FWDI)

Standardized SEC financial data for Forward Industries, Inc. — income statement, balance sheet, cash flow and 40+ ratios, available as a clean JSON API. CIK 0000038264 · NASDAQ · Finance Services.

Gross margin

28.5%

Operating margin

-46.1%

Net margin

-918.1%

Revenue growth (YoY)

-9.0%

Return on equity

-11.4%

ROIC

-0.5%

Free cash flow

-$4.5M

Debt / equity

0.00×

Ratios for fiscal year 2025, standardized from SEC filings.

Income statement

USD	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$34.5M	$39.0M	$38.2M	$36.7M	$29.6M	$18.2M
Cost of revenue	$27.8M	$30.9M	$29.4M	$28.3M	$14.8M	$13.0M
Gross profit	$6.6M	$8.1M	$8.8M	$8.4M

Balance sheet

USD	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$2.9M	$1.4M	$2.6M	$2.8M	$2.8M	$38.2M
Inventory	$1.3M	$2.1M	$651K	$334K	$490K	—
Total current assets	$12.2M	$12.8M	$14.3M	$11.4M	$9.6M

Cash flow

USD	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	-$263K	-$528K	$1.5M	$1.0M	-$1.2M	-$4.9M
Capital expenditures	$68K	$67K	$170K	$136K	$65K	$26K
Free cash flow	-$331K	-$596K	$1.4M	$905K

Get FWDI data via API

# JSON
curl https://sec-financial-api-production.up.railway.app/v1/company/FWDI/financials \
  -H "X-API-Key: YOUR_KEY"

# CSV export (income / balance / cash-flow)
curl "https://sec-financial-api-production.up.railway.app/v1/company/FWDI/income-statement?format=csv" \
  -H "X-API-Key: YOUR_KEY"

Get a free API key Use with Claude (MCP) →View FWDI filings on SEC EDGAR →