- Forward Industries recently announced both financial and operational results for Q2 2026, a quarter which it said was defined by disciplined execution across the business.
- The Q2 highlights for Forward included appointing a new CFO, executing a share repurchase, securing a $40 million institutional debt facility, completing a minority investment in OnRe, and implementing a cost reduction plan.
- Forward Industries also gave a treasury update, announcing that liquid SOL holdings as of March 31, 2026, were over 7 million, and that Forward’s validator infrastructure generated between 6.5% and 7.2% gross annual percentage yield (“APY”).
- Q2 revenue reached $13 million, more than 4X higher than the prior year period.
Forward Industries (NASDAQ: FWDI), a Solana treasury company, recently announced financial and operating results for fiscal Q2 2026, which ended March 31, 2026 (https://nnw.fm/QfJFi). According to the Chairman of Forward Industries, Kyle Samani, the second fiscal quarter for Forward was “defined by disciplined execution across the business — sharpening our cost structure, strengthening our balance sheet, and deepening our engagement within the Solana ecosystem.”
Forward outlined many highlights from Q2 in the release and conference call about the results, including the appointment of Mark Brazier as CFO, who brings more than 25 years of traditional finance and…
NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://nnw.fm/FWDI
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