Filing Flows › Forward Industries (FWDI) › Q1 FY26
Forward Industries (FWDI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 12, 2026
Forward Industries (FWDI) reported revenue of $21.4M for the first quarter fiscal 2026 (Q1 FY26), +364% from a year earlier and +170% from the quarter before.
Forward Industries, Q1 FY26: revenue $21.4M (+364% year over year), net loss $586M, operating cash flow −$7.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.4M | +170% | +364% |
| Operating profit | −$584M | — | — |
| Net earnings | −$586M | — | — |
| Operating cash flow | −$7.9M | — | — |
What changed
Revenue was $21.4M in Q1 FY26, up 364% year over year and up 170% from the previous quarter.
Gross margin was 78.6%, up 54.1 points from a year earlier. Operating costs exceeded revenue by $583.6M, an operating margin of -2722.8%. Operating expenses grew 29465% against revenue growth of 364%. The fastest-growing cost line was Other operating costs (+265101%). The quarter ended with a net loss of $585.7M, wider than the previous quarter's $164.0M loss.
Operating cash flow was −$7.9M. Non-cash charges added back $26K of depreciation and amortization and $17K of share-based compensation. Working capital and other items added $577.7M.
Questions
What was Forward Industries' revenue in the first quarter fiscal 2026?
Forward Industries (FWDI) reported revenue of $21.4M for the first quarter fiscal 2026 (Q1 FY26), +364% from a year earlier and +170% from the quarter before.
Source: Forward Industries 10-Q on SEC EDGAR.