Forward Industries (FWDI) revenue breakdown
By segment, Design Segment is the largest at 75% of fiscal 2025 revenue, growing 4% a year over 7 years.
By region, UNITED STATES is the largest at 78% of fiscal 2024 revenue; Other Foreign Countries grew fastest, 5% a year over 3 years.
Revenue by segment
Fiscal years, as Forward Industries reports them in its 10-K filings; fiscal 2025 total $18M.
| Segments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Design Segment | $10M | $15M | $14M | $17M | $20M | $23M | $20M | $14M | 75% |
| Digital Assets Segment | — | — | — | — | — | — | — | $5M | 25% |
| OEM Distribution | $24M | $22M | $20M | $19M | $18M | $14M | $10M | — | — |
| Retail Distribution | — | — | $1M | $3M | — | — | — | — | — |
Revenue by region
Fiscal years, as Forward Industries reports them in its 10-K filings; fiscal 2024 total $30M.
| Regions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Share |
|---|---|---|---|---|---|---|---|---|---|
| UNITED STATES | — | — | — | — | $26M | $26M | $27M | $24M | 78% |
| POLAND | — | — | — | — | $3M | $3M | $1M | $3M | 9% |
| Other Foreign Countries | — | — | — | — | $2M | $2M | $2M | $2M | 7% |
| GERMANY | — | — | — | — | $3M | $3M | $3M | $1M | 4% |
| CHINA | — | — | — | — | $6M | $5M | $3M | $435,000 | 1% |
| Americas | $8M | $17M | $22M | $21M | — | — | — | — | — |
| EMEA Region | $9M | $9M | $8M | $7M | — | — | — | — | — |
| APAC Region | $8M | $8M | $8M | $6M | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for FWDI.
Open FWDI in InvestinglyQuestions
Where does Forward Industries make its money?
In fiscal 2025, by segment: Design Segment $14M, Digital Assets Segment $5M.
From Forward Industries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.