NASDAQ$FWDI
Forward Industries Inc · Q1 2026 earnings
Q1 2026 earnings ·
Briefing
Forward Industries reported Q1 fiscal 2026 revenue of $21.4M while recording a large GAAP net loss on digital-asset marks.
Combined segment revenue was approximately $21.4 million in the quarter ended December 31, 2025. The GAAP net loss of $585.7 million was driven primarily by non-cash digital-asset impairment and mark-to-market charges; design-segment revenue was $4.1 million. Management is scaling digital-asset treasury operations alongside legacy design services.
- Q1 revenue about $21.4M across digital assets and design.
- Digital-assets segment gross profit $16.0M before impairments.
- Large non-cash digital-asset charges drove GAAP net loss.
- Solana-focused treasury strategy remains central to the story.
Headline financials
Revenue & EPS history
Forward Industries Inc · Revenue · Quarterly
$21.4M
Revenue by segment
Forward Industries Inc · $13M total across 2 segments · Q2 2026
- Digital Assets$9.33M—72.0%
- Design$3.63M—28.0%
Forward guidance
The release discusses Forward Industries's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.
Tailwinds
- Forward Industries cites operational execution and demand trends supporting the outlook.
- Balance sheet and liquidity actions aim to fund growth and returns.
Headwinds
- GAAP profitability remained under pressure in Q1 2026.
- Macro, pricing, and input-cost volatility could pressure margins.
- Segment mix and one-time items may affect quarter-to-quarter comparability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+0.8%
Avg return
Earnings day
-1.7%
Avg return
5 days after
-1.1%
Avg return
30 days after
42%
11 / 26 earnings
Positive
+9.3%
Q3 2025
Best reaction
-5.0%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +9.2% | -12.5% | -8.2% | |
| Q1 2026 | -1.4% | -3.7% | -4.3% | |
| Q3 2025 | +9.3% | -18.0% | +169.2% | |
| Q2 2025 | -1.2% | -9.4% | -22.0% | |
| Q1 2025 | +2.3% | -5.9% | -37.1% | |
| Q3 2024 | -5.0% | -5.2% | -3.4% | |
| Q2 2024 | +0.0% | +0.0% | +0.0% | |
| Q1 2024 | +0.0% | -6.7% | -38.7% | |
| Q3 2023 | +1.1% | -5.7% | -8.0% | |
| Q2 2023 | -1.0% | -2.9% | -2.0% | |
| Q1 2023 | -2.9% | -8.1% | -22.1% | |
| Q3 2022 | +3.5% | +3.5% | -14.6% | |
| Q2 2022 | +0.0% | +0.0% | +11.7% | |
| Q1 2022 | +0.6% | +5.7% | +0.6% | |
| Q3 2021 | -1.9% | -6.9% | -7.7% | |
| Q2 2021 | -3.1% | +7.0% | +28.5% | |
| Q1 2021 | +7.1% | +20.9% | -12.8% | |
| Q3 2020 | -0.7% | +33.1% | +4.3% | |
| Q2 2020 | +0.7% | -5.1% | -8.8% | |
| Q1 2020 | +0.0% | -2.6% | -13.2% | |
| Q3 2019 | +0.9% | +1.8% | +7.3% | |
| Q2 2019 | +0.0% | -4.2% | -20.1% | |
| Q1 2019 | +1.8% | -0.6% | -8.5% | |
| Q3 2018 | +1.8% | -13.7% | -9.5% | |
| Q2 2018 | +0.0% | -3.8% | -7.5% | |
| Q3 2016 | +0.0% | -2.0% | -2.0% | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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