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Annual · values202520242023202220212020201920182017201620152014
Operating Cash Flow-4.50 M USD407122 USD1.04 M USD1.53 M USD-528311 USD-262946 USD-1.97 M USD956485 USD-137639 USD768284 USD-2.02 M USD234469 USD
Depreciation & Amortization332225 USD332660 USD315940 USD309239 USD327290 USD271973 USD311581 USD228189 USD22372 USD52754 USD53445 USD64482 USD
Stock-Based Compensation2.87 M USD101360 USD86491 USD201235 USD68855 USD245154 USD215734 USD289853 USD155013 USD236070 USD69751 USD232700 USD
Capital Expenditures25774 USD65154 USD136082 USD169631 USD67207 USD68456 USD33138 USD55881 USD0 USD48121 USD33189 USD33485 USD
Cash Flow from Investing-901.47 M USD-65154 USD-136082 USD-169631 USD-67207 USD-390060 USD-33138 USD-1.39 M USD0 USD-48121 USD908040 USD-250655 USD
Cash Flow from Financing941.36 M USD-500000 USD-300000 USD-200000 USD-918744 USD484820 USD725814 USD175846 USD0 USD-1667 USD-1.32 M USD-123677 USD
Dividends Paid0 USD21208 USD76499 USD
Stock Buybacks
Free Cash Flow-4.53 M USD341968 USD904946 USD1.37 M USD-595518 USD-331402 USD-2.00 M USD900604 USD-137639 USD720163 USD-2.06 M USD200984 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.