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How FORWARD INDUSTRIES, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$18.2M · 100%Cost of revenue$13M · 71%Gross profit$5.2M · 29%Operating income−$8.4M · −46%Income before tax−$169M · −930%Income tax$20404 · 0%Net income−$167M · −918%As of 2025-09-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$18.2M100%
  • 10-K · FY 2025Filing detailsAccession 0001683168-25-009068 · filed Dec 11, 2025
Cost of revenue$13M71%
  • 10-K · FY 2025Filing detailsAccession 0001683168-25-009068 · filed Dec 11, 2025
$5.2M29%
  • 10-K · FY 2025Filing detailsAccession 0001683168-25-009068 · filed Dec 11, 2025
−$8.4M−46%
  • 10-K · FY 2025Filing detailsAccession 0001683168-25-009068 · filed Dec 11, 2025
Income before tax−$169M−930%
  • 10-K · FY 2025Filing detailsAccession 0001683168-25-009068 · filed Dec 11, 2025
Income tax$204040%
  • 10-K · FY 2025Filing detailsAccession 0001683168-25-009068 · filed Dec 11, 2025
−$167M−918%
  • 10-K · FY 2025Filing detailsAccession 0001683168-25-009068 · filed Dec 11, 2025
Source:
  • 10-K · FY 2025Filing detailsAccession 0001683168-25-009068 · filed Dec 11, 2025
· event Sep 30, 2025 · retrieved Oct 20, 2026 · annual-row source set
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