Forward Industries, Inc.FWDIEarnings & Financial Report
Melrose Industries plc is a British aerospace manufacturing company based in Birmingham, England. It is the parent company of GKN Aerospace. The company's shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index.
FWDI Q1 FY2026 Key Financial Metrics
Revenue
$21.4M
Gross Profit
$16.8M
Operating Profit
$-583.6M
Net Profit
$-585.7M
Gross Margin
78.6%
Operating Margin
-2722.8%
Net Margin
-2732.2%
YoY Growth
224.0%
EPS
$-5.91
Forward Industries, Inc. Q1 FY2026 Financial Summary
Forward Industries, Inc. reported revenue of $21.4M (up 224.0% YoY) for Q1 FY2026, with a net profit of $-585.7M (down 82611.5% YoY) (-2732.2% margin). Cost of goods sold was $4.6M, operating expenses totaled $600.5M.
Key Financial Metrics
| Total Revenue | $21.4M |
|---|---|
| Net Profit | $-585.7M |
| Gross Margin | 78.6% |
| Operating Margin | -2722.8% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Forward Industries, Inc. Q1 FY2026 revenue of $21.4M breaks down across 2 segments, led by CODM at $17.4M (81.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| CODM | $17.4M | 81.1% |
| Design Segment | $4.1M | 18.9% |
Forward Industries, Inc. Annual Revenue by Year
Forward Industries, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $20.2M).
Forward Industries, Inc. Quarterly Revenue & Net Profit History
Forward Industries, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $21.4M | +224.0% | $-585.7M | -2732.2% |
| Q4 FY2025 | $7.9M | — | $-164.0M | -2063.6% |
| Q3 FY2025 | $2.5M | -67.9% | $-850.0K | -34.1% |
| Q2 FY2025 | $3.1M | -38.4% | $-1.5M | -46.5% |
| Q1 FY2025 | $6.6M | -5.9% | $-708.1K | -10.7% |
| Q3 FY2024 | $7.8M | -10.8% | $-399.6K | -5.1% |
| Q2 FY2024 | $5.1M | -47.9% | $-553.2K | -10.9% |
| Q1 FY2024 | $7.0M | -27.9% | N/A | N/A |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0M | $5.1M | $7.8M | $6.6M | $3.1M | $2.5M | $7.9M | $21.4M |
| YoY Growth | -27.9% | -47.9% | -10.8% | -5.9% | -38.4% | -67.9% | N/A | 224.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $16.3M | $15.2M | $15.2M | N/A | $12.3M | $8.3M | $1.47B | $892.9M |
| Liabilities | $14.0M | $13.4M | $13.8M | N/A | $8.8M | $4.9M | $4.8M | $12.1M |
| Equity | N/A | $1.8M | $1.4M | $2.3M | $3.6M | $3.4M | $1.47B | $880.9M |
Cash Flow
| Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|
| Operating CF | $436013 | $-434283 | $-537614 | $-1.2M | $-4.5M | $-7.9M |