Forward Industries FY26 Q3 operating loss widens to $70.26 million; revenue rises 332.1% to $10.78 million
Reuters2026/08/12 20:04Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Forward Industries posted a GAAP net loss of $68.96 million for the quarter ended June 30, 2026.
- Revenue climbed to $10.78 million, up 332.1% year over year, driven by $7.35 million in staking-related revenue.
- Operating loss widened to $70.26 million, reflecting a $49.75 million loss on digital assets and $15.22 million of digital asset impairment.
- Gross margin swung to 62.2%, a 87.1 percentage-point improvement, as high-margin staking revenue lifted results.
- Galaxy Digital debt financing expanded, with $105 million secured year-to-date; June 30 borrowings carried a 2.6% weighted-average rate.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forward Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-006270), on August 12, 2026, and is solely responsible for the information contained therein.
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