- The first quarter of fiscal 2026 was an important milestone for the company, as it represents the first full reporting period that FWDI operates as the worlds largest Solana (SOL) treasury company.
- The company announced information about treasury holdings, staking performance, financial results, and more.
- FWDI also mentioned several milestones and accomplishments the company has reached, and the goals for the future.
Forward Industries (NASDAQ: FWDI), a SOL treasury company, recently reported the company’s fiscal first quarter 2026 financial and operating results
The first quarter of fiscal 2026 is the company’s first full reporting period as the world’s largest Solana treasury company, and it moved from simply launching the strategy, to actively executing it through market volatility.
As of December 31st, 2025, the company has liquid SOL holdings of 6,962,501 SOL. Since the inception of the strategy, FWDI’s validator infrastructure has generated between 6.5% and 7.2% gross annual percentage yield (“APY”) before fees, which already outperforms many peer validators.
Also as of the end of 2025, the company has generated more than 112,171 SOL in staking rewards, and almost all of FWDI’s SOL holdings are currently staked. The company also had $25.4 million in cash at the end of 2025, and no institutional debt.
The announcement indicated that the company’s revenue for the first quarter of fiscal 2026 increased by more than 4X, going from $4.6 million in the prior-year period, up to $21.4 million. This growth was largely driven by staking revenue that the company generated through the Solana treasury strategy.
Operationally, the company also made steady progress, as it expanded how FWDI participates on the Solana blockchain. First, it launched fwdSOL, the company’s proprietary liquid staking token, which lets FWDI earn native staking yield, while maintaining liquidity and deploying capital across the Solana ecosystem.
The company also began testing a proprietary automated market maker, developed alongside Galaxy, which positions the company to participate directly in on-chain trading activity. These moves highlight the company’s focus on building an operating platform that’s active, scalable, and designed to enhance SOL-per-share over time.
Finally, as Solana continues to be adopted as real financial infrastructure, the company believes FWDI is well-positioned to evolve from a treasury to an active and value-generating business that’s aligned with the growth of the network.
About Forward Industries Inc. (NASDAQ: FWDI)
Forward Industries is building and managing a large-scale Solana (SOL) treasury, and is backed by many of the most influential investors in the digital space. It has acquired more than 6.9 million SOL, and the company’s strategy involves creating value by actively participating in the Solana ecosystem via on-chain opportunities like staking, lending, and engaging in decentralized finance (“DeFi”).
For more information, visit the company’s website at www.ForwardIndustries.com.
NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI
