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Beneficient vs Forward Industries: BENF and FWDI compared
Beneficient is the larger company: $12.2M of revenue in its latest quarter (Q1 FY27) against $10.8M for Forward Industries (Q3 FY26). Beneficient is more profitable, with an operating margin of -3.1% against -651.8%.
Where the money goes: BENF and FWDI
Beneficient (BENF) · Q1 FY27
Beneficient, Q1 FY27: revenue $12.2M, operating margin -3.1%, net loss $377K, operating cash flow −$4.1M. The chart follows the revenue to costs, profit and cash.
Forward Industries (FWDI) · Q3 FY26
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.
| Beneficient (BENF) | Forward Industries (FWDI) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 FY26 |
| Revenue | $12.2M | $10.8M |
| Revenue growth, Y/Y | — | +332% |
| Operating margin | -3.1% | -651.8% |
| Net earnings | −$377K | −$69.0M |
| Net margin | -3.1% | -639.7% |
| Operating cash flow | −$4.1M | −$3.4M |
Questions
Which is bigger, Beneficient or Forward Industries?
Beneficient is the larger company: $12.2M of revenue in its latest quarter (Q1 FY27) against $10.8M for Forward Industries (Q3 FY26).
Is Beneficient or Forward Industries growing faster?
Beneficient is more profitable, with an operating margin of -3.1% against -651.8%.
More: Beneficient earnings · how Beneficient makes money · Forward Industries earnings · how Forward Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.