Jun 2026 (Q3 FY26) — Aug 12, 2026
Forward Industries Q3 FY26 — Strong SOL per Share Growth and Ecosystem Investments
Read the full callForward Industries earnings: last reported Wed, 12 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 10.8 | +332.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -651.8 | −549.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -69.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $24.22 on 14 Oct 2025 → $7.15. High $24.69 (16 Oct 2025), low $3.54 (25 Jun 2026).
Overview
Call summaries
Forward Industries Q3 FY26 — Strong SOL per Share Growth and Ecosystem Investments
Read the full callEvery analysed call
Financials
Net profit, year on year: −8013% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7 | 5 | 3 | 2 | 8 | 21 | 13 | 11 |
| Operating profit | -1 | -1 | -2 | -3 | -3 | -584 | -284 | -70 |
| Operating margin | −8.6% | −19.4% | −58.3% | −102.6% | −39.2% | −2722.8% | −2191.9% | −651.8% |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | -1 | -1 | -2 | -2 | -164 | -583 | -284 | -71 |
| Tax rate | −3.7% | 0.0% | 0.0% | 0.0% | −0.0% | −0.5% | 0.3% | 2.5% |
| Net profit | -1 | -1 | -1 | -1 | -164 | -586 | -283 | -69 |
| EPS ($ per share) | — | -0.64 | -1.32 | -0.77 | — | -5.91 | -2.98 | -0.80 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -8 | -11 | -13 | -13 | -14 | -18 | -20 | -187 |
| Total liabilities | 8 | 8 | 13 | 12 | 15 | 15 | 12 | 5 |
| Fixed assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total assets | 19 | 16 | 19 | 20 | 21 | 17 | 15 | 1,475 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1 | -2 | -0 | -1 | 2 | 1 | 1 | -5 |
| Cash from investing | -1 | -0 | -0 | -0 | -0 | -0 | -0 | -901 |
| Cash from financing | 0 | 1 | 0 | -1 | -0 | -0 | -0 | 941 |
| Capital expenditure | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Free cash flow | 1 | -2 | -0 | -1 | 1 | 1 | 0 | -5 |
10 filings between Dec 15, 2025 and Aug 8, 2026.
Purchases
$80.3K
3 purchases by 2 insiders
Sales
None
No insider sold shares.
Also filed: 1 other.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Navi Ryan David | $70.8K | — | Dec 19, 2025 |
| Pruitt Michael D | $9.5K | — | May 19, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 8, 2026 | Quinn Georgia P General Counsel | Award | 146,956 | — |
| Aug 8, 2026 | Brazier Mark Christopher Chief Financial Officer | Award | 137,500 | — |
| Aug 8, 2026 | Navi Ryan David Chief Investment Officer | Award | 146,956 | — |
| May 19, 2026 | Pruitt Michael D Chief Executive Officer | Purchase | 500 | $2.1K |
| May 5, 2026 | Samani Pyahm Director | Other | 1,783,519 | $7.90M |
| Apr 16, 2026 | Brazier Mark Christopher Chief Financial Officer | Award | 275,000 | $0 |
| Mar 8, 2026 | Quinn Georgia P General Counsel | Award | 293,911 | $0 |
| Mar 8, 2026 | Navi Ryan David Chief Investment Officer | Award | 382,085 | $0 |
| Dec 19, 2025 | Navi Ryan David Chief Investment Officer | Purchase | 10,000 | $70.8K |
| Dec 15, 2025 | Pruitt Michael D Chief Executive Officer | Purchase | 1,000 | $7.4K |
| Sep 10, 2025 | Multicoin Capital Management, LLC 10% owner | Award | 7,947,843 | $147.04M |
| Sep 10, 2025 | Multicoin Capital Management, LLC 10% owner | Award | 1,351,352 | $25.00M |
| Sep 8, 2025 | Shah Sangita Director | Award | 50,000 | $925.0K |
| Mar 18, 2025 | Multicoin Capital Management, LLC 10% owner | Disposition to issuer | 6,164,324 | $27.37M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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