Filing Flows › Forward Industries (FWDI) › Q2 FY26
Forward Industries (FWDI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 14, 2026
Forward Industries (FWDI) reported revenue of $13.0M for the second quarter fiscal 2026 (Q2 FY26), +315% from a year earlier and -40% from the quarter before.
Forward Industries, Q2 FY26: revenue $13.0M (+315% year over year), net loss $283M, operating cash flow −$4.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.0M | -40% | +315% |
| Operating profit | −$284M | — | — |
| Net earnings | −$283M | — | — |
| Operating cash flow | −$4.8M | — | — |
What changed
Revenue was $13.0M in Q2 FY26, up 315% year over year and down 40% from the previous quarter.
Gross margin was 70.0%. Operating costs exceeded revenue by $284.1M, an operating margin of -2191.9%. The fastest-growing cost line was Sales & marketing (+285%). The quarter ended with a net loss of $283.1M, narrower than the previous quarter's $585.7M loss.
Operating cash flow was −$4.8M. Non-cash charges added back $23K of depreciation and amortization and $798K of share-based compensation. Working capital and other items added $277.5M. Capital expenditures of $3K exceeded it, leaving free cash flow of −$4.8M.
Questions
What was Forward Industries' revenue in the second quarter fiscal 2026?
Forward Industries (FWDI) reported revenue of $13.0M for the second quarter fiscal 2026 (Q2 FY26), +315% from a year earlier and -40% from the quarter before.
Source: Forward Industries 10-Q on SEC EDGAR.