Forward Industries, Inc.
- FWDI ยท Nasdaq
- Finance Services
- Austin, TX
- 60 employees
- CIK 0000038264
Updated from SEC filings through
Top things to know
Executives
- Michael D. Pruitt Chief Executive Officer 4, 2026-05-19
- Mark Christopher Brazier Chief Financial Officer 4, 2026-08-17
- Kathleen Weisberg Chief Financial Officer 4, 2026-03-10
- Ryan David Navi Chief Investment Officer 4, 2026-08-17
- Georgia P. Quinn General Counsel 4, 2026-08-17
What leadership is saying
“Fiscal Q3 was another strong period of execution for Forward as we expanded our Solana treasury while delivering meaningful growth in SOL per share”
Earnings press release (8-K Ex. 99.1), filed August 12, 2026
Forward Industries, Inc. is a U.S. public company in finance services (SIC 6199), headquartered in Austin, TX. It trades as FWDI on Nasdaq. Revenue was $18.2M in the fiscal year ending September 30, 2025, -9.0% from the year before. It reported about 60 employees. Michael D. Pruitt is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $18.2M 10-K, 2025-12-11 | $20.0M 10-K, 2025-12-11 | $22.7M 8-K, 2025-09-16 | $38.2M 10-K, 2023-12-21 | $39.0M 10-K, 2022-12-16 |
| Operating income | -$8.4M 10-K, 2025-12-11 | -$2.2M 10-K, 2025-12-11 | -$61K 8-K, 2025-09-16 | $588K 10-K, 2023-12-21 | -$765K 10-K, 2022-12-16 |
| SG&A | $10.6M 10-K, 2025-12-11 | $7.1M 10-K, 2025-12-11 | $7.2M 8-K, 2025-09-16 | $8.2M 10-K, 2023-12-21 | $8.9M 10-K, 2022-12-16 |
| Net income | -$167M 10-K, 2025-12-11 | -$2.0M 10-K, 2025-12-11 | -$3.7M 8-K, 2025-09-16 | -$1.4M 10-K, 2023-12-21 | $524K 10-K, 2022-12-16 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Michael D. Pruitt | Chief Executive Officer | 4, 2026-05-19 |
| Mark Christopher Brazier | Chief Financial Officer | 4, 2026-08-17 |
| Kathleen Weisberg | Chief Financial Officer | 4, 2026-03-10 |
| Ryan David Navi | Chief Investment Officer | 4, 2026-08-17 |
| Georgia P. Quinn Crypto GC | General Counsel | 4, 2026-08-17 |
What Forward Industries, Inc. does
Our design business provides a complete range of design, engineering and development services with respect to a diverse array of consumer and industrial electronics products. These include but are not limited to medical products, smart displays, beverage vending, enterprise and mobile software applications, lighting, security and detections systems, cameras, wearables and vehicle controls.
Item 1. Business, 10-K for the year ending September 30, 2025
Shares and governance
| Shares outstanding | 73.8 million (as of August 3, 2026) | 10-Q, August 12, 2026 |
|---|---|---|
| Public float | $3.3M (as of March 31, 2025) | 10-K, December 11, 2025 |
| Reportable segments | 2 (period ending June 30, 2026) | 10-Q, August 12, 2026 |
| Latest proxy statement | Meeting March 3, 2026 (filed January 26, 2026) | DEF 14A, January 26, 2026 |
| Auditor | CBIZ CPAs P.C. (Melville, New York) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| May 19, 2026 | Michael D. Pruitt Chief Executive Officer | Buy | 500 | $2K | Form 4, May 19, 2026 |
| December 19, 2025 | Ryan David Navi Chief Investment Officer | Buy | 10,000 | $71K | Form 4, December 22, 2025 |
| December 15, 2025 | Michael D. Pruitt Chief Executive Officer | Buy | 1,000 | $7K | Form 4, December 15, 2025 |
Recent 8-K events
- 8-K filed 2026-10-01
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-09-24
- Item 1.01 Entry into a material definitive agreement
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-09-15
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-08-12
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-20
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-06-16
- Item 8.01 Other events
- 8-K filed 2026-06-16
- Item 8.01 Other events
- 8-K filed 2026-06-10
- Item 8.01 Other events
- 8-K filed 2026-04-17
- Item 3.02 Unregistered sales of equity securities
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-04-08
- Item 5.02 Departure or appointment of directors or officers; compensation
Frequently asked questions about Forward Industries, Inc.
- What does Forward Industries, Inc. do?
- In its own words, from Item 1 of its 10-K: "Our design business provides a complete range of design, engineering and development services with respect to a diverse array of consumer and industrial electronics products. These include but are not limited to medical products, smart displays, beverage vending, enterprise and mobile software applications, lighting, security and detections systems, cameras, wearables and vehicle controls."
- What is Forward Industries, Inc.'s revenue?
- $18.2M for the fiscal year ending September 30, 2025, from its 10-K filed December 11, 2025.
- Is Forward Industries, Inc. profitable?
- Forward Industries, Inc. reported net income of -$167M for the fiscal year ending September 30, 2025.
- How many employees does Forward Industries, Inc. have?
- About 60 as of September 30, 2025, as stated in its annual report.
- Who is the CEO of Forward Industries, Inc.?
- Michael D. Pruitt, Chief Executive Officer, as named in a 4 filed May 19, 2026.
- Who is the CFO of Forward Industries, Inc.?
- Mark Christopher Brazier, Chief Financial Officer, as named in a 4 filed August 17, 2026.
- Where is Forward Industries, Inc. headquartered?
- Austin, TX.
- What is Forward Industries, Inc.'s stock ticker?
- FWDI on Nasdaq.
- What industry is Forward Industries, Inc. in?
- Finance Services, SIC code 6199.
- What is Forward Industries, Inc.'s website?
- forwardindustries.com. Investor relations: https://forwardindustries.com/investors.
- When does Forward Industries, Inc. report earnings next?
- December 10, 2026. Source: pg_future_events.
- Is Forward Industries, Inc. a public company?
- Yes. Forward Industries, Inc. files with the SEC under CIK 0000038264 and trades as FWDI.
- Who audits Forward Industries, Inc.?
- CBIZ CPAs P.C., Melville, New York, as named in its latest annual report (10-K).
- How many shares of Forward Industries, Inc. are outstanding?
- 73.8 million shares as of August 3, 2026, from its 10-Q filed August 12, 2026.
- What is Forward Industries, Inc.'s public float?
- $3.3M as of March 31, 2025, as reported on the cover of its 10-K filed December 11, 2025.
- How many business segments does Forward Industries, Inc. report?
- 2 reportable segments for the period ending June 30, 2026, from its 10-Q filed August 12, 2026.
- When is Forward Industries, Inc.'s annual shareholder meeting?
- March 3, 2026, per its proxy statement (DEF 14A) filed January 26, 2026.
- Have Forward Industries, Inc. insiders traded stock recently?
- Since December 15, 2025, officers and directors reported 0 open-market sales and 3 purchases worth about $80K on Forms 4 and 5. The most recent: Michael D. Pruitt (Chief Executive Officer) bought 500 shares on May 19, 2026.