Forward Industries Inc (FWDI) SEC 13F Holdings (Q2 2026) — Net Institutional Activity: $37.4M

FWDI ranks #4837 out of 37696 tracked stocks by institutional interest, inside the more closely watched half of our coverage.

90 institutions disclose a position in FWDI, but none treat it as a major bet — even Galaxy Digital Inc., its most concentrated holder, allocates just 2.0% of its own portfolio to it.

Sullivan Wood Capital Management LLC has added to its FWDI position for two straight quarters, increasing it by $196.8K to reach $312.0K today.

FWDI is down 3.4% today, but institutions show net buying of $37.4M this quarter — a divergence between today's price move and the underlying institutional flow.

FWDI reported a net loss of $1.1B over the trailing twelve months.

• Not yet profitable — net loss of $1.1B over the trailing twelve months
• Revenue grew 202.4% year over year
• Net income declined year over year, from -$3.7M to -$1.1B
• Operating cash flow was negative, using $4.5M in cash
• Current ratio of 15.14x — enough short-term assets to cover short-term liabilities
• Liabilities run 5.59x equity — a highly leveraged balance sheet worth noting