Solana Treasury Giant Forward Industries Reports $283 Million Quarterly Loss
BeInCrypto
Forward Industries reported a $283 million quarterly loss due to Solana price volatility, despite seeing a fourfold increase in revenue from staking rewards.Summary
Forward Industries, a major corporate holder of Solana, posted a $283.1 million net loss for its fiscal second quarter of 2026. The loss was primarily driven by non-cash accounting impairments related to the decline in Solana's fair market value during the period. Despite this, the company achieved a quadrupled revenue increase year-over-year, largely supported by staking rewards from its treasury. The firm maintains a positive long-term outlook, citing operational cost reductions, strategic share repurchases, and a new debt facility with Galaxy Digital.
(Source：BeInCrypto)