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Side-by-side financial comparison of Forward Industries, Inc. (FWDI) and Hyperscale Data, Inc. (GPUS). Click either name above to swap in a different company.
Hyperscale Data, Inc. is the larger business by last-quarter revenue ($26.9M vs $21.4M, roughly 1.3× Forward Industries, Inc.). Hyperscale Data, Inc. runs the higher net margin — -112.0% vs -2732.2%, a 2620.2% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs 38.4%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs -16.3%).
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.
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
FWDI vs GPUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.4M | $26.9M |
| Net Profit | $-585.7M | $-30.1M |
| Gross Margin | 78.6% | 14.5% |
| Operating Margin | -2722.8% | -117.8% |
| Net Margin | -2732.2% | -112.0% |
| Revenue YoY | 224.0% | 38.4% |
| Net Profit YoY | -82611.5% | -6670.3% |
| EPS (diluted) | $-5.91 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $21.4M | $26.9M | ||
| Q3 25 | $7.9M | $24.3M | ||
| Q2 25 | $2.5M | $25.9M | ||
| Q1 25 | $3.1M | $25.0M | ||
| Q4 24 | $6.6M | $19.4M | ||
| Q3 24 | — | $31.1M | ||
| Q2 24 | $7.8M | $17.8M | ||
| Q1 24 | $5.1M | $38.4M |
| Q4 25 | $-585.7M | $-30.1M | ||
| Q3 25 | $-164.0M | $-13.0M | ||
| Q2 25 | $-850.0K | $-19.1M | ||
| Q1 25 | $-1.5M | $-4.2M | ||
| Q4 24 | $-708.1K | $-445.0K | ||
| Q3 24 | — | $-25.5M | ||
| Q2 24 | $-399.6K | $-33.9M | ||
| Q1 24 | $-553.2K | $3.7M |
| Q4 25 | 78.6% | 14.5% | ||
| Q3 25 | 61.1% | 25.8% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | -5.7% | 21.1% | ||
| Q4 24 | 17.1% | 6.5% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | 16.8% | -21.3% | ||
| Q1 24 | 26.2% | 47.4% |
| Q4 25 | -2722.8% | -117.8% | ||
| Q3 25 | -39.2% | -57.8% | ||
| Q2 25 | -102.6% | -39.2% | ||
| Q1 25 | -58.3% | -25.5% | ||
| Q4 24 | -13.6% | -46.8% | ||
| Q3 24 | — | -79.2% | ||
| Q2 24 | -5.9% | -151.4% | ||
| Q1 24 | -12.2% | 9.5% |
| Q4 25 | -2732.2% | -112.0% | ||
| Q3 25 | -2063.6% | -53.5% | ||
| Q2 25 | -34.1% | -73.7% | ||
| Q1 25 | -46.5% | -16.8% | ||
| Q4 24 | -10.7% | -2.3% | ||
| Q3 24 | — | -82.3% | ||
| Q2 24 | -5.1% | -190.7% | ||
| Q1 24 | -10.9% | 9.7% |
| Q4 25 | $-5.91 | — | ||
| Q3 25 | $-21.86 | $-0.39 | ||
| Q2 25 | $-0.77 | $-2.66 | ||
| Q1 25 | $-1.32 | — | ||
| Q4 24 | $-0.64 | $-8.78 | ||
| Q3 24 | — | $-24.82 | ||
| Q2 24 | $-0.36 | $-37.81 | ||
| Q1 24 | $-0.50 | $3.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $13.1M |
| Total DebtLower is stronger | — | $83.1M |
| Stockholders' EquityBook value | $880.9M | $119.8M |
| Total Assets | $892.9M | $313.7M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $13.1M | ||
| Q3 25 | — | $24.8M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $4.2M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $7.9M | ||
| Q2 24 | — | $9.6M | ||
| Q1 24 | — | $18.9M |
| Q4 25 | — | $83.1M | ||
| Q3 25 | — | $80.0M | ||
| Q2 25 | — | $88.5M | ||
| Q1 25 | — | $92.8M | ||
| Q4 24 | — | $96.7M | ||
| Q3 24 | — | $104.8M | ||
| Q2 24 | — | $106.8M | ||
| Q1 24 | — | $30.0M |
| Q4 25 | $880.9M | $119.8M | ||
| Q3 25 | $1.5B | $55.9M | ||
| Q2 25 | $3.4M | $5.5M | ||
| Q1 25 | $3.6M | $6.3M | ||
| Q4 24 | $2.3M | $8.6M | ||
| Q3 24 | — | $2.7M | ||
| Q2 24 | $1.4M | $26.7M | ||
| Q1 24 | $1.8M | $59.0M |
| Q4 25 | $892.9M | $313.7M | ||
| Q3 25 | $1.5B | $242.4M | ||
| Q2 25 | $8.3M | $213.5M | ||
| Q1 25 | $12.3M | $218.5M | ||
| Q4 24 | — | $220.8M | ||
| Q3 24 | — | $231.5M | ||
| Q2 24 | $15.2M | $270.8M | ||
| Q1 24 | $15.2M | $299.8M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 16.06× | ||
| Q1 25 | — | 14.71× | ||
| Q4 24 | — | 11.19× | ||
| Q3 24 | — | 38.41× | ||
| Q2 24 | — | 4.00× | ||
| Q1 24 | — | 0.51× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-7.9M | $-37.7M |
| Free Cash FlowOCF − Capex | — | $-56.2M |
| FCF MarginFCF / Revenue | — | -208.7% |
| Capex IntensityCapex / Revenue | 0.0% | 68.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-87.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-37.7M | ||
| Q3 25 | $-4.5M | $-17.8M | ||
| Q2 25 | $-1.2M | $-3.1M | ||
| Q1 25 | $-537.6K | $-4.0M | ||
| Q4 24 | $-434.3K | $-9.2M | ||
| Q3 24 | — | $3.7M | ||
| Q2 24 | $436.0K | $-3.7M | ||
| Q1 24 | — | $-10.2M |
| Q4 25 | — | $-56.2M | ||
| Q3 25 | $-4.5M | $-20.6M | ||
| Q2 25 | $-1.2M | $-3.5M | ||
| Q1 25 | $-539.0K | $-6.8M | ||
| Q4 24 | $-439.7K | $-9.3M | ||
| Q3 24 | — | $2.6M | ||
| Q2 24 | $426.8K | $-5.9M | ||
| Q1 24 | — | $-11.6M |
| Q4 25 | — | -208.7% | ||
| Q3 25 | -57.0% | -84.5% | ||
| Q2 25 | -50.0% | -13.5% | ||
| Q1 25 | -17.3% | -27.3% | ||
| Q4 24 | -6.6% | -47.6% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | 5.5% | -33.4% | ||
| Q1 24 | — | -30.3% |
| Q4 25 | 0.0% | 68.6% | ||
| Q3 25 | 0.3% | 11.5% | ||
| Q2 25 | 0.8% | 1.5% | ||
| Q1 25 | 0.0% | 11.5% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | 0.1% | 12.6% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -2.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FWDI
| CODM | $17.4M | 81% |
| Design Segment | $4.1M | 19% |
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
