Forward Industries, Inc. (FWDI) Form 10-Q — May 14, 2026
Forward Industries reported a net loss of $868.7 million for the six months ended March 31, 2026, driven by a $761.9 million unrealized loss on its Solana (SOL) holdings and $118.1 million in impairment charges on its fwdSOL liquid staking tokens. The company’s pivot to a digital asset treasury strategy has resulted in extreme earnings volatility, with revenue increasing 344% year-over-year to $34.4 million but gross margins failing to offset the massive mark-to-market losses on its crypto balance sheet.
Key figures
- Revenue
- 34396365
- Revenue Yoy
- 344%
- Cash Position
- 16633010
- Shares Repurchased
- 10754848
- Digital Assets Value
- 505669390
- Debt Financing Galaxy
- 40000000
- Loss On Digital Assets
- 761918457
- Share Repurchases Cost
- 58022336
- Digital Assets Restricted
- 1622920
- Impairment Of Digital Assets
- 118137369
- Digital Assets Pledged Collateral
- 75847614
Price after filing
Close on the filing date to close N calendar days later (from $5.07). Historical, not a forecast.
AI analysis
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