Forward Industries' fiscal third-quarter Form 10-Q showed a $937.7 million net loss for the nine months ended June 30, driven largely by non-cash GAAP fair-value and impairment charges tied to declines in its Solana treasury, while revenue rose to $45.2 million for the nine-month period and $10.8 million for the quarter on staking income and treasury-related returns. The company added 508,618 SOL during fiscal Q3 and another roughly 254,000 SOL between July 1 and Aug. 3 at an average price of about $75, lifting holdings to 7,807,022 SOL, or about 1.3% of circulating supply. Forward said fully diluted SOL per share rose 9% quarter over quarter to 0.0730 and then to about 0.0754 by Aug. 3, with nearly all holdings staked through its validator; it reported about 106,000 SOL in Q3 staking rewards and about 300,000 SOL cumulatively since the treasury strategy launched in September 2025, while reiterating that available liquidity should cover operations through at least August 2027.