Earnings ·
Forward Industries reported fiscal third quarter results ending June 30, 2026, with revenue increasing more than…
FORDForward Industries, Inc.
Forward Industries reported fiscal third quarter results ending June 30, 2026, with revenue increasing more than fourfold to $10.8 million from $2.5 million in the prior year period. The company recorded a net loss of $69.0 million, or $0.80 per share, compared to a net loss of approximately $850,000 in the same quarter last year. This deterioration was primarily driven by a $49.8 million unrealized loss on digital assets and a $15.2 million impairment charge reflecting fair value adjustments. Operating expenses included $3.1 million in stock-based compensation within SG&A. The company expanded its Solana treasury holdings to approximately 7.8 million SOL equivalents as of August 3, 2026, while repurchasing over 2.5 million shares during the quarter. Forward Industries operates as a digital asset treasury company focused on acquiring and staking Solana.