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Side-by-side financial comparison of Forward Industries, Inc. (FWDI) and Rumble Inc. (RUM). Click either name above to swap in a different company.
Rumble Inc. is the larger business by last-quarter revenue ($27.1M vs $21.4M, roughly 1.3× Forward Industries, Inc.). Rumble Inc. runs the higher net margin — -120.8% vs -2732.2%, a 2611.4% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs -10.5%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs 15.2%).
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.
Rumble is a Canadian-American online video platform, web hosting, and cloud services business headquartered in Toronto, Canada, with its U.S. headquarters in Longboat Key, Florida. It was founded in 2013 by Chris Pavlovski, a Canadian technology entrepreneur. Rumble's cloud services business hosts Truth Social, and the video platform is popular among American conservative and far-right users. Rumble has been described as "alt-tech".
FWDI vs RUM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.4M | $27.1M |
| Net Profit | $-585.7M | $-32.7M |
| Gross Margin | 78.6% | 5.5% |
| Operating Margin | -2722.8% | -131.1% |
| Net Margin | -2732.2% | -120.8% |
| Revenue YoY | 224.0% | -10.5% |
| Net Profit YoY | -82611.5% | 86.2% |
| EPS (diluted) | $-5.91 | $-0.13 |
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 | $27.1M | ||
| Q3 25 | $7.9M | $24.8M | ||
| Q2 25 | $2.5M | — | ||
| Q1 25 | $3.1M | $23.7M | ||
| Q4 24 | $6.6M | $30.2M | ||
| Q3 24 | — | $25.1M | ||
| Q2 24 | $7.8M | $22.5M | ||
| Q1 24 | $5.1M | $17.7M |
| Q4 25 | $-585.7M | $-32.7M | ||
| Q3 25 | $-164.0M | $-16.3M | ||
| Q2 25 | $-850.0K | — | ||
| Q1 25 | $-1.5M | $-2.7M | ||
| Q4 24 | $-708.1K | $-236.8M | ||
| Q3 24 | — | $-31.5M | ||
| Q2 24 | $-399.6K | $-26.8M | ||
| Q1 24 | $-553.2K | $-43.3M |
| Q4 25 | 78.6% | 5.5% | ||
| Q3 25 | 61.1% | -1.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | -5.7% | -26.7% | ||
| Q4 24 | 17.1% | -14.2% | ||
| Q3 24 | — | -45.4% | ||
| Q2 24 | 16.8% | -58.8% | ||
| Q1 24 | 26.2% | -79.5% |
| Q4 25 | -2722.8% | -131.1% | ||
| Q3 25 | -39.2% | -113.6% | ||
| Q2 25 | -102.6% | — | ||
| Q1 25 | -58.3% | -153.5% | ||
| Q4 24 | -13.6% | -80.1% | ||
| Q3 24 | — | -131.0% | ||
| Q2 24 | -5.9% | -172.7% | ||
| Q1 24 | -12.2% | -197.4% |
| Q4 25 | -2732.2% | -120.8% | ||
| Q3 25 | -2063.6% | -65.7% | ||
| Q2 25 | -34.1% | — | ||
| Q1 25 | -46.5% | -11.2% | ||
| Q4 24 | -10.7% | -783.2% | ||
| Q3 24 | — | -125.9% | ||
| Q2 24 | -5.1% | -119.2% | ||
| Q1 24 | -10.9% | -244.1% |
| Q4 25 | $-5.91 | $-0.13 | ||
| Q3 25 | $-21.86 | $-0.06 | ||
| Q2 25 | $-0.77 | — | ||
| Q1 25 | $-1.32 | $-0.01 | ||
| Q4 24 | $-0.64 | $-1.17 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | $-0.36 | $-0.13 | ||
| Q1 24 | $-0.50 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $237.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $880.9M | $274.8M |
| Total Assets | $892.9M | $336.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $237.9M | ||
| Q3 25 | — | $269.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $301.3M | ||
| Q4 24 | — | $114.0M | ||
| Q3 24 | — | $132.0M | ||
| Q2 24 | — | $154.2M | ||
| Q1 24 | — | $183.8M |
| Q4 25 | $880.9M | $274.8M | ||
| Q3 25 | $1.5B | $302.2M | ||
| Q2 25 | $3.4M | — | ||
| Q1 25 | $3.6M | $339.6M | ||
| Q4 24 | $2.3M | $-63.1M | ||
| Q3 24 | — | $166.1M | ||
| Q2 24 | $1.4M | $192.7M | ||
| Q1 24 | $1.8M | $210.7M |
| Q4 25 | $892.9M | $336.8M | ||
| Q3 25 | $1.5B | $367.2M | ||
| Q2 25 | $8.3M | — | ||
| Q1 25 | $12.3M | $391.1M | ||
| Q4 24 | — | $195.3M | ||
| Q3 24 | — | $217.2M | ||
| Q2 24 | $15.2M | $243.2M | ||
| Q1 24 | $15.2M | $263.0M |
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 | $-29.4M |
| Free Cash FlowOCF − Capex | — | $-31.7M |
| FCF MarginFCF / Revenue | — | -117.2% |
| Capex IntensityCapex / Revenue | 0.0% | 8.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-70.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-29.4M | ||
| Q3 25 | $-4.5M | $-10.6M | ||
| Q2 25 | $-1.2M | — | ||
| Q1 25 | $-537.6K | $-14.5M | ||
| Q4 24 | $-434.3K | $-12.4M | ||
| Q3 24 | — | $-19.1M | ||
| Q2 24 | $436.0K | $-21.7M | ||
| Q1 24 | — | $-33.9M |
| Q4 25 | — | $-31.7M | ||
| Q3 25 | $-4.5M | $-12.0M | ||
| Q2 25 | $-1.2M | — | ||
| Q1 25 | $-539.0K | $-14.6M | ||
| Q4 24 | $-439.7K | $-12.4M | ||
| Q3 24 | — | $-19.9M | ||
| Q2 24 | $426.8K | $-23.1M | ||
| Q1 24 | — | $-34.3M |
| Q4 25 | — | -117.2% | ||
| Q3 25 | -57.0% | -48.6% | ||
| Q2 25 | -50.0% | — | ||
| Q1 25 | -17.3% | -61.7% | ||
| Q4 24 | -6.6% | -40.9% | ||
| Q3 24 | — | -79.5% | ||
| Q2 24 | 5.5% | -102.8% | ||
| Q1 24 | — | -193.3% |
| Q4 25 | 0.0% | 8.5% | ||
| Q3 25 | 0.3% | 5.7% | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.0% | 0.6% | ||
| Q4 24 | 0.1% | 0.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | 0.1% | 6.1% | ||
| Q1 24 | — | 2.4% |
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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
