Filing Flows › Forward Industries (FWDI) › Q3 FY26
Forward Industries (FWDI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 12, 2026
Forward Industries (FWDI) reported revenue of $10.8M for the third quarter fiscal 2026 (Q3 FY26), +332% from a year earlier and -17% from the quarter before. Operating margin was -651.8%, net loss $69.0M (639.7% of revenue).
Forward Industries, Q3 FY26: revenue $10.8M (+332% year over year), operating margin -651.8%, net loss $69.0M, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.8M | -17% | +332% |
| Operating profit | −$70.3M | — | — |
| Net earnings | −$69.0M | — | — |
| Operating cash flow | −$3.4M | — | — |
What changed
Revenue was $10.8M in Q3 FY26, up 332% year over year and down 17% from the previous quarter.
Gross margin was 62.2%. Operating costs exceeded revenue by $70.3M, an operating margin of -651.8%. The fastest-growing cost line was Sales & marketing (+357%). The quarter ended with a net loss of $69.0M, narrower than the previous quarter's $283.1M loss.
Operating cash flow was −$3.4M. Non-cash charges added back $21K of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $62.5M.
Questions
What was Forward Industries' revenue in the third quarter fiscal 2026?
Forward Industries (FWDI) reported revenue of $10.8M for the third quarter fiscal 2026 (Q3 FY26), +332% from a year earlier and -17% from the quarter before.
Was Forward Industries profitable in the third quarter fiscal 2026?
Operating loss was $70.3M (-651.8% of revenue) and net loss $69.0M.
Source: Forward Industries 10-Q on SEC EDGAR.