| Annual · values | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -4.50 M USD | 407122 USD | 1.04 M USD | 1.53 M USD | -528311 USD | -262946 USD | -1.97 M USD | 956485 USD | -137639 USD | 768284 USD | -2.02 M USD | 234469 USD |
| Depreciation & Amortization | 332225 USD | 332660 USD | 315940 USD | 309239 USD | 327290 USD | 271973 USD | 311581 USD | 228189 USD | 22372 USD | 52754 USD | 53445 USD | 64482 USD |
| Stock-Based Compensation | 2.87 M USD | 101360 USD | 86491 USD | 201235 USD | 68855 USD | 245154 USD | 215734 USD | 289853 USD | 155013 USD | 236070 USD | 69751 USD | 232700 USD |
| Capital Expenditures | 25774 USD | 65154 USD | 136082 USD | 169631 USD | 67207 USD | 68456 USD | 33138 USD | 55881 USD | 0 USD | 48121 USD | 33189 USD | 33485 USD |
| Cash Flow from Investing | -901.47 M USD | -65154 USD | -136082 USD | -169631 USD | -67207 USD | -390060 USD | -33138 USD | -1.39 M USD | 0 USD | -48121 USD | 908040 USD | -250655 USD |
| Cash Flow from Financing | 941.36 M USD | -500000 USD | -300000 USD | -200000 USD | -918744 USD | 484820 USD | 725814 USD | 175846 USD | 0 USD | -1667 USD | -1.32 M USD | -123677 USD |
| Dividends Paid | — | — | — | — | — | — | — | — | — | 0 USD | 21208 USD | 76499 USD |
| Stock Buybacks | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -4.53 M USD | 341968 USD | 904946 USD | 1.37 M USD | -595518 USD | -331402 USD | -2.00 M USD | 900604 USD | -137639 USD | 720163 USD | -2.06 M USD | 200984 USD |
Forward Industries, Inc. is the world's leading Solana treasury company, focused on building and managing the largest treasury of Solana (SOL) tokens. Its primary purpose is to expand and strengthen the Solana ecosystem through acquiring and staking SOL, engaging with the Solana network, providing tools to developers, and investing in Solana-based projects. The company generates cash flow via staking and decentralized finance (DeFi) activities, while utilizing capital markets to scale its SOL holdings and enhance SOL per share accretion. Forward Industries leverages unique access to top-tier Solana protocols and founders to support ecosystem growth. Founded in 1961 and headquartered in Pompano Beach, Florida, it plays a pivotal role in the cryptocurrency sector by concentrating resources on Solana, a high-performance blockchain platform known for its speed and low transaction costs, thereby contributing to the broader adoption and development of decentralized applications and Web3 technologies.