Forward Industries Reports Fiscal Second Quarter 2026 Financial and Operating Results
Forward Industries reported Q2 FY26 revenue of $13.0 million, a more than 4x increase year-over-year, driven by staking revenue from its Solana treasury strategy. The company posted a net loss of $283.1 million, primarily due to a $201.7 million loss on digital assets and an $85.1 million impairment charge reflecting the decline in SOL fair value.
Key figures
- Revenue
- 12961114
- Guidance
- SG&A (excluding stock-based compensation) to average a $4.8 million quarterly run rate
- Revenue Yoy
- 4x
- Nav
- 563815707
- Cash
- 16633010
- Sol price
- 83.12
- Market cap
- 338073753
- Sga expenses
- 6600000
- Sol holdings
- 7044079
- Nav per share
- 7.39
- Repurchase price
- 27400000
- Institutional debt
- 40000000
- Shares repurchased
- 6164324
- Share reduction pct
- 7.4%
- Total sol treasury value
- 585503885
- Repurchase price per share
- 4.44
AI analysis
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