Forward Industries (NASDAQ: FWDI) reported financial and operating results for the fiscal quarter ended Dec. 31, 2025, marking its first full reporting period as a Solana treasury company and highlighting execution of its SOL-focused strategy. The company held 6,962,501 SOL as of quarter end, nearly all staked, generating more than 112,171 SOL in rewards, while revenue increased more than fourfold year over year to $21.4 million, primarily from staking. Results included a $560.2 million loss and $33.0 million impairment on digital assets under U.S. GAAP due to fair value adjustments, contributing to a net loss of $585.6 million, as management emphasized ongoing development of its validator infrastructure, proprietary liquid staking token fwdSOL and automated market maker initiatives to enhance long-term SOL-per-share growth.
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