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Forward Industries (FWDI) investor relations material
Forward Industries Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary11 Dec, 2025
Executive summary
Fiscal 2025 included less than one month of activity from the new Solana treasury strategy, with a focus on building long-term SOL-per-share growth.
Generated $4.6 million in staking revenue in Q4 2025, with expectations for significant scaling as the treasury expands.
Financial highlights
Net revenue for Fiscal 2025 was $18.2 million, down from $20.0 million in Fiscal 2024.
Total operating expenses rose to $13.6 million from $7.3 million year-over-year.
Net loss for Fiscal 2025 was $167.0 million, compared to $2.0 million in the prior year, primarily due to a $160.0 million non-cash, unrealized loss on SOL holdings.
Gross profit was $5.2 million, nearly flat year-over-year.
Basic and diluted loss per share from continuing operations was $(24.90), compared to $(1.97) in the prior year.
Outlook and guidance
Management expects the Solana treasury segment to scale meaningfully as the treasury grows and more on-chain yield opportunities are unlocked.
Emphasis on long-term strategy execution over short-term market volatility in digital asset valuations.
Funding source for SOL treasury
SOL staking yield vs. market volatility impact
Traditional design business segment performance
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Next Forward Industries earnings date
Q1 202612 Feb, 2026
Next Forward Industries earnings date
Q1 202612 Feb, 2026
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Frequently asked questions
Forward Industries, Inc. is a global company specializing in the design, manufacturing, sourcing, and distribution of carrying and protective solutions. The company operates through two primary segments: OEM Distribution and Design. The OEM Distribution segment focuses on providing carrying cases and accessories for a variety of products, including medical devices, diagnostic kits, barcode scanners, GPS devices, and consumer electronics. The Design segment offers comprehensive hardware and software design and engineering services, catering to industries such as medical devices, consumer electronics, and industrial applications. The company is headquartered in Hauppauge, New York, and its shares are listed on the NASDAQ.
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