Forward Industries, a Nasdaq-listed company focused on Solana treasury management, reported a significant digital asset loss of $560.2 million for the first quarter of fiscal year 2026. The financial report, covering the period ending December 31, 2025, also noted a $30 million digital asset impairment amid a broader market downturn. As of the report date, Forward Industries held 6,962,501 SOL and generated 112,171 SOL in staking rewards. The company maintained approximately $25.4 million in cash and reported no institutional-grade debt, highlighting its liquidity position despite the substantial asset loss.