Forward Industries (FWDI) stock

Solana digital assets , market cap $435M

Buys, holds, and stakes Solana digital assets

Worth $435M

$5.14

-7.14%

As of 11:01 AM ET, delayed 15+ min · Live for Pro members

Why is FWDI down?

Down 7.1% today, more than its financial peers' 1.2%; no story names it yet.

Down 30% since Oct 28

Down 30% so far from Oct 28 to Nov 10.

Crypto company stocks fell together, a median 20% from Oct 28 to Nov 10 (22 stocks); Forward Industries fell 30% so far with them, 10 points more.

Sources: Price history, Nov 10, 2026

Tell me next time FWDI moves

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1 more reason, free with an account →1 more reason why FWDI is down 30% since Oct 28, from its filings, with the timeline and its peers, for Pro members.

Quality Score

Below Average

In its industry

#4of 23

Crypto Companies

Checks firing

3of 14

Transition

From 52-week high

-45.5%

under its best in a year

FWDI's Quality Score rose 1 point on Mon, Nov 9, to 3. It closed near its high of the day (2 chart checks started).

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Key facts on FWDI

Key facts on FWDI
Holding it back	Moves 10.4% a day with no profit behind it
Latest filing	424B5, Nov 9 Set up an at-the-market program for up to $4B of shares, about 920% of its market value

1 more reason behind FWDI's 3, free with an account →3 more reasons behind FWDI's 3, for Pro members.

FWDI in the news

TodayNo story names it yet.

What's next

Tue Nov 10: Digital Asset Summit 2026 LondonIndustry event · date confirmed.

1 more date ahead: the conference, for Pro members.

FWDI catalysts

Coming up

After its last 3 reports it closed -5.9% on average, higher 0 of 3 times.

Why FWDI scores 3

Below Averagefor quality, not price, 3 of 14 chart checks firingWhat the Quality Score means

+3Chart checks 3 of 14 firing right now, one point each
+3Growth sales up 255% on the year, gross margin up 61.0 pointsSales and margins against a year earlier: up to +3 for fast growth and widening margins, down to -2 when both shrink.

Long-term trend adds
Profit subtractsRead on the last four quarters against the four before, or the last full year where no quarters are filed.
Volatility subtractsA daily range of 5% or more with nothing behind it (no profit or cash flow, sales shrinking, or 10% more shares outstanding with no free cash flow): -1, or -2 from 8%.
Cash flow subtracts-1 when free cash flow over the last four quarters is negative.

No effect today: Run-up, Size, Dilution, Persistence, and News.

What every line is worth, and the reason behind it, on FWDI and every other stock.Get in free →

Price, score, chart checks, and the industry rank are from a snapshot taken at 11:01 AM ET, at least 15 minutes behind. How we rank stocks.

Tested. Our top-scored stocks returned 2.2x the average stock over the next month. Reconstructed after the fact; recorded live since Sep 9, 2026. How we tested it

How FWDI ranks in Crypto Companies

FWDI is #4 of 23 by Quality Score.

How FWDI ranks in Crypto Companies
Rank	Stock	Checks	Quality Score
2	CRCLCircle Internet	1/14	4
3	CYPHCypherpunk	3/14	3
4	FWDIForward Industries	3/14	3
	DFDVDeFi Development		Open for its score
	GEMIGemini Space Station		Open for its score
	GLXYGalaxy Digital		Open for its score

When does FWDI report earnings, and what happens after?

Expected to report Tue Dec 1, after the close (in 21 days).

What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.

What FWDI reported on Aug 12, 2026

The quarter

The figures are not read from the release yet.

“The increase was primarily driven by staking and other treasury-related revenue generated through the Company’s Solana treasury strategy.”

The filing on EDGAR

Where the sales came from

FWDI's results filing gives no sales by line in a table we read.

The outlook

No outlook figures read from this release.

The numbers

Market value: $435M; today
Sales: $53.1M; up 255% on the year
Free cash flow: -$18.4M; last 12 months

Its share count grew 1.2% a year over 5 years.

4 more figures, for Pro members.

No analyst estimates on Breakaway: every figure here is filed.

The whole report on FWDI: every line of its sales, every outlook beside the one it replaced, and the company's words, for Pro members.

Close after the report, last 3

-0.3%-11.6%-5.9%

Dec 11May 14Aug 12

Reported	When	Gap	Reaction	5 days
Aug 12, 2026After close	After close	-4.1%	-5.9%	+12.3%
May 14, 2026After close	After close	-3.8%	-11.6%	-6.5%
Dec 11, 2025After close	After close	-0.1%	-0.3%	-9.1%

FWDI closed higher after 0 of its last 3 reports.

FWDI sales and profit by year

Sales and profit by year

Sales grew in two of the last seven years, to $18.2M in 2025. It made a profit in two of the eight years.

FWDI has 3 of 14 chart checks firing

Trend1 of 5 shown

MA FAN 21 EMA W.EMA HH/HL 52W HI

Volume1 of 3 shown

VOL VDU U/D VOL

Tight range1 of 3 shown

ATR SQZ SQUEEZE NR7

Buying1 of 3 shown

OBV+CLOSE HI SPRING

The other 10 checks on FWDI, and all 14 on every stock.Get in free →

FWDI RSI today: 32.7, below its 50-day and 200-day averages

Not scored

RSI 32.7, MACD below signal, below both averages. Not scored.13 readings

The deep dive on FWDI

What it does and how it makes money4 findingsAn operating loss of $8.39M in fiscal 2025, on $18.2M of sales.Annual report, filed Dec 11, 2025
Where it stands4 findingsFor Pro members4 findings on where FWDI stands: its cash, debt, and share count, for Pro members
What changed in its filings1 findingFor Pro members1 finding from FWDI’s filings, for Pro members
Who holds and trades it3 findingsFor Pro members3 findings on who holds and trades FWDI, for Pro members

11 more findings on FWDI, each with its source, for Pro members.

FWDI share count over time

Shares: 77.8 times the count a year ago (to Jun 30).

Shares of FWDI outstanding, as filed
Shares outstanding	As of
73.8M	Aug 3, 2026
74.7M	Apr 30, 2026
83.1M	Jan 31, 2026
86.5M	Dec 5, 2025

Offerings, shelves, and splits of FWDI, from its filings
From its filings	Filed
Set up an at-the-market program for up to $4B of shares, about 920% of its market value	Nov 9, 2026

FWDI insider trades

One insider bought $2K across 1 filing in the last 6 months. No open-⁠market sales on record. The newest:

BuyMichael D. Pruitt$2KChief Executive Officerat $4.16 on May 19, filed May 19

BuyMichael D. PruittChief Executive Officer$2Kat $4.16 on May 19, filed May 19

FWDI's officers and directors

Officers and directors with a Form 4 in the last 12 months.

Michael D. PruittChief Executive Officer · 2 trades
Mark Christopher BrazierChief Financial Officer · no trades on file
Ryan David NaviChief Investment Officer · 1 trade
Georgia P. QuinnGeneral Counsel · no trades on file
Pyahm SamaniDirector · no trades on file

See insider trades by person

Which ETFs hold FWDI?

In ETFs: FWDI is under 0.1% of VTI, the most of the 24 funds Breakaway covers, by their holdings as filed for Jun 30, 2026.

About Forward Industries

Forward Industries Inc is a Solana-focused digital asset treasury company, with the idea to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. Its mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to, and investing in the Solana network, Solana developers, and Solana-related projects in order to increase shareholder value. In connection with a private placement transaction in September 2025, it launched a digital asset treasury idea supported by investors and operating partners, including Galaxy Digital and Jump Crypto.

60 employeesAustin, TXforwardindustries.com

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A member's trades, newest first, each with its amount. Sort and filter the whole list.
14 chart checks, read for you
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What would turn FWDI's score around: 7 things
4 more filings explained, a plain line each
Real-⁠time prices, no delay

BreakawayMay 19Michael D. Pruitt bought FWDI$2K at $4.16, filed May 19

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See FWDI's 14 chart checks

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Straight AnswersStraight Answers

As of Nov 10, 2026: FWDI's Quality Score is 3 (Below Average), #4 of 23 in Crypto Companies. Insiders bought $2K in the last 6 months (Form 4).

What does FWDI's Quality Score say?

FWDI scores 3 today, which Breakaway calls Below Average. It is #4 of 23 in Crypto & Digital Assets by Quality Score, with 3 of 14 chart checks firing. Down 30% so far from Oct 28 to Nov 10. Shares: 77.8 times the count a year ago (to Jun 30). Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.

What is FWDI's Quality Score?

FWDI scores 3 today, which Breakaway calls Below Average (0 to 5). That is #4 of 23 in Crypto & Digital Assets by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind FWDI's 3.

Are insiders buying FWDI?

One insider bought $2K across 1 filing in the last 6 months. No open-⁠market sales on record. The newest is Michael D. Pruitt, Chief Executive Officer, who bought $2K on May 19.

Are the prices delayed?

Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.