Forward Industries, a Nasdaq-listed company focused on Solana, reported holding approximately 6.96 million SOL tokens and $25.4 million in cash as of the end of 2025. The company earned 112,171 SOL in staking rewards but disclosed $560.2 million in digital asset losses and $33 million in impairment charges in Q1 fiscal year 2026. Forward Industries has no institutional-level debt, highlighting its strong liquidity position despite significant market downturn impacts.