Forward Industries Reports $283 Million Quarterly Loss Amid Solana Price Decline
Forward Industries (FWDI), the largest corporate holder of Solana (SOL), reported a net loss of $283.1 million for Q2 2026 due to markdowns in its SOL treasury as prices fell from around $124 at the start of 2026 to about $83 by March 31, 2026. Despite this, revenue quadrupled year-over-year driven largely by staking rewards.
Tickers: $FORD
Topics: cryptocurrency loss reporting revenue growth Solana treasury strategy