Forward Industries FY26 Q3 operating loss widens to $70.26 million; revenue rises 332.1% to $10.78 million - FORD News | RalliesForward Industries FY26 Q3 operating loss widens to $70.26 million; revenue rises 332.1% to $10.78 million
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FORD• Quarterly results
- 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%, an 87.1 percentage-point improvement, as high-margin staking revenue lifted results.
Financing and borrowings
- Galaxy Digital debt financing expanded, with $105 million secured year-to-date; June 30 borrowings carried a 2.6% weighted-average rate.
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