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FWRD: financial statements from SEC — TradeAlmanac

FWRD

Forward Air Corporation: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/03/2026	30/09/2025	30/06/2025	31/03/2025	31/12/2024	30/09/2024	30/06/2024
Revenue	582M	632M	619M	613M	633M	656M	644M
Operating expenses	562M	617M	599M	609M	—	633M	1.74B
Operating income	20M	15M	20M	5M	—	23M	−1.10B
Pre-tax income	−38M	−23M	−37M	−42M	—	−33M	−1.14B
Income tax	2M	385,000	−17M	20M	—	1M	−175M
Net income	−34M	−16M	−20M	−61M	−36M	−73M	−971M
Earnings per share	−1.09	−0.52	−0.41	−1.68	−1.24	−2.66	−23.47
Earnings per share, diluted	−1.09	−0.52	−0.41	−1.68	−1.24	−2.66	−23.47

Balance sheet

Metric	31/03/2026	31/12/2025	30/09/2025	30/06/2025	31/03/2025	31/12/2024	30/09/2024	30/06/2024
Cash and equivalents	141M	106M	140M	95M	116M	105M	137M	85M
Receivables	331M	344M	341M

Cash flow

Metric	31/03/2026	30/09/2025	30/06/2025	31/03/2025	30/09/2024	30/06/2024
Operating cash flow	46M	—	—	28M	—	—
Depreciation and amortisation	39M	38M	37M	37M

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator