Forward Industries Reports Fiscal 2025 Results with Early Solana Treasury Strategy Momentum

Forward Industries reported financial results for the twelve months ended Sept. 30, 2025, revealing early momentum from its recently implemented Solana treasury strategy. The company generated approximately $4.6 million in staking revenue during the fourth quarter despite having less than one month of activity under the new strategy at that time. This development comes as the company continues building toward its stated goal of long-term SOL-per-share growth.

Fiscal 2025 net revenue reached $18.2 million, compared to $20.0 million in the prior year. Operating expenses increased to $13.6 million from $7.3 million in the previous fiscal period. The financial results reflect a $160 million non-cash, unrealized mark-to-market loss on SOL holdings, which is required under current accounting standards. This accounting treatment highlights the volatility inherent in cryptocurrency holdings and the impact of reporting requirements on corporate financial statements.

The company initiated its Solana treasury strategy in September 2025, dedicating resources to acquiring SOL and increasing SOL-per-share through bespoke strategies and active management of the corporate treasury. This strategic shift represents a significant departure from Forward Industries' traditional business as a global design company serving top tier medical and technology companies. The company's Solana treasury strategy is supported by industry leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital. For more information on the Company's Solana treasury strategy, visit sol.forwardindustries.com.

The early revenue generation from staking activities suggests potential for cryptocurrency strategies to contribute to corporate income streams, though the substantial unrealized loss illustrates the risk profile associated with such investments. This development may influence how other traditional companies approach cryptocurrency integration into their treasury management practices. The partnership with established cryptocurrency investment firms indicates institutional validation of Forward Industries' strategic direction.

Corporate adoption of cryptocurrency treasury strategies represents an emerging trend with implications for financial reporting, risk management, and shareholder value creation. The accounting treatment of cryptocurrency holdings, particularly the requirement to recognize unrealized gains and losses, creates volatility in reported earnings that may not reflect underlying business performance. This case demonstrates how companies must navigate both the operational aspects of cryptocurrency management and the financial reporting consequences of such strategies.

The full financial details and forward-looking statements are available in the company's official release. Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer.