Company research
FORWARD AIR CORP
CIK 912728Updated Nov 11, 2026
SecurityFWRD · NASDAQ · equity
Name history
LANDAIR SERVICES INC · through Aug 14, 1998
FWRD price & chart
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NASDAQ:FWRD on TradingView ↗In the news
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Forward Air Corporation - FWRD ↗
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Forward Air Corporation - FWRD ↗
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Forward Air Corporation - FWRD ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
SCHEDULE 13G/A - filed by BARCLAYS PLC regarding FORWARD AIR CORP
Other Events
Items 8.01, 9.01
10-Q filing
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
SCHEDULE 13G - filed by Bracebridge Capital, LLC regarding FORWARD AIR CORP
Regulation FD Disclosure
Items 7.01, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
SCHEDULE 13G/A - filed by BlackRock, Inc. regarding FORWARD AIR CORP
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 2,794,198,000Source | 3,055,840,000Source | 2,410,845,000Source | 2,761,235,000Source | 3,067,316,000Source | 2,695,879,000Source | 2,803,842,000Source | 3,959,260,000Source | 2,718,944,000Source | 2,802,641,000Source | 2,979,533,000Source | 1,208,076,000Source |
| Property, Plant and Equipment, NetUSD | — | — | — | — | — | — | — | — | — | — | — | 249,080,000Source |
| GoodwillUSD | 522,712,000Source | 716,071,000Source | 278,706,000Source | 522,712,000Source | 545,380,000Source | 522,712,000Source | 522,712,000Source | 1,379,180,000Source | 522,712,000Source | 522,712,000Source | 278,706,000Source | 306,184,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 929,894,000Source | 1,033,352,000Source | 860,915,000Source | 952,967,000Source | 1,230,699,000Source | 884,021,000Source | 976,122,000Source | 1,264,428,000Source | 906,791,000Source | 999,216,000Source | 134,789,000Source | 154,801,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 140,354,000Source | 136,616,000Source | 139,448,000Source | 95,128,000Source | 84,886,000Source | 141,022,000Source | 116,311,000Source | 152,042,000Source | 105,996,000Source | 104,903,000Source | 121,969,000Source | 45,822,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 341,414,000Source | 361,003,000Source | 369,469,000Source | 335,716,000Source | 368,927,000Source | 330,699,000Source | 336,398,000Source | 351,813,000Source | 343,559,000Source | 322,291,000Source | 153,267,000Source | 221,028,000Source |
| Assets, CurrentUSD | 552,488,000Source | 545,081,000Source | 583,116,000Source | 474,607,000Source | 558,623,000Source | 542,356,000Source | 493,365,000Source | 569,433,000Source | 521,001,000Source | 472,500,000Source | 347,028,000Source | 304,315,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 30,830,000Source | 31,174,000Source | 26,465,000Source | 33,182,000Source | 39,186,000Source | 29,453,000Source | 29,398,000Source | 39,512,000Source | 28,045,000Source | 29,053,000Source | 25,682,000Source | 24,774,000Source |
| Operating Lease, Right-of-Use AssetUSD | 411,562,000Source | 355,139,000Source | 361,426,000Source | 419,531,000Source | 323,821,000Source | 402,712,000Source | 408,642,000Source | 334,262,000Source | 412,535,000Source | 410,084,000Source | 111,552,000Source | 141,865,000Source |
| Other Assets, NoncurrentUSD | 67,712,000Source | — | 52,012,000Source | 70,089,000Source | — | 57,426,000Source | 71,793,000Source | — | 58,023,000Source | — | — | — |
| LIABILITIES AND EQUITY | ||||||||||||
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | — | 0Source | 0Source | — | 0Source | 0Source | — | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 312,000Source | 287,000Source | 337,000Source | 306,000Source | 277,000Source | 316,000Source | 304,000Source | 265,000Source | 313,000Source | 298,000Source | 257,000Source | 265,000Source |
| Additional Paid in CapitalUSD | 556,101,000Source | 528,255,000Source | 575,818,000Source | 551,845,000Source | 512,638,000Source | 564,626,000Source | 546,556,000Source | 508,675,000Source | 559,551,000Source | 542,392,000Source | 283,684,000Source | 270,855,000Source |
| Retained Earnings (Accumulated Deficit)USD | -418,753,000Source | -301,634,000Source | -690,324,000Source | -402,451,000Source | -228,151,000Source | -482,911,000Source | -389,759,000Source | 417,282,000Source | -447,100,000Source | -338,230,000Source | 480,320,000Source | 436,124,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 2,124,000Source | -824,000Source | -1,261,000Source | 2,094,000Source | -1,000,000Source | -1,030,000Source | -2,467,000Source | -151,000Source | 580,000Source | -2,732,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | 139,784,000Source | 226,084,000Source | -115,430,000Source | 151,794,000Source | 283,764,000Source | 81,001,000Source | 154,634,000Source | 926,071,000Source | 113,344,000Source | 201,728,000Source | 764,261,000Source | 707,244,000Source |
| Liabilities and EquityUSD | 2,794,198,000Source | 3,055,840,000Source | 2,410,845,000Source | 2,761,235,000Source | 3,067,316,000Source | 2,695,879,000Source | 2,803,842,000Source | 3,959,260,000Source | 2,718,944,000Source | 2,802,641,000Source | 2,979,533,000Source | 1,208,076,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 460,041,000Source | 448,698,000Source | 441,571,000Source | 396,685,000Source | 420,013,000Source | 441,897,000Source | 438,264,000Source | 444,841,000Source | 428,325,000Source | 384,046,000Source | 237,094,000Source | 169,398,000Source |
| Operating Lease, Liability, CurrentUSD | 101,418,000Source | 89,566,000Source | 107,497,000Source | 101,008,000Source | 89,188,000Source | 112,808,000Source | 97,578,000Source | 93,645,000Source | 107,026,000Source | 96,440,000Source | 44,344,000Source | 47,106,000Source |
| Accounts Payable, CurrentUSD | 124,835,000Source | 157,230,000Source | 118,651,000Source | 115,123,000Source | 143,455,000Source | 103,693,000Source | 111,510,000Source | 130,646,000Source | 121,752,000Source | 105,692,000Source | 45,430,000Source | 54,601,000Source |
| Operating Lease, Liability, NoncurrentUSD | 327,938,000Source | 275,843,000Source | 277,379,000Source | 334,318,000Source | 243,217,000Source | 313,153,000Source | 324,957,000Source | 246,956,000Source | 327,011,000Source | 325,640,000Source | 71,598,000Source | 98,865,000Source |
| Deferred Income Tax Liabilities, NetUSD | 37,444,000Source | 209,522,000Source | 24,358,000Source | 33,449,000Source | 271,201,000Source | 24,973,000Source | 35,177,000Source | 177,806,000Source | 27,221,000Source | 38,169,000Source | 42,200,000Source | 51,093,000Source |
| Other Liabilities, NoncurrentUSD | 48,396,000Source | 42,423,000Source | 53,265,000Source | 49,725,000Source | 43,126,000Source | 56,221,000Source | 52,164,000Source | 45,536,000Source | 53,540,000Source | 48,835,000Source | 47,144,000Source | 59,044,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 56,058,000Source | 110,450,000Source | -7,236,000Source | 64,447,000Source | 80,453,000Source | 41,275,000Source | 72,372,000Source | 406,367,000Source | 48,320,000Source | 84,140,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 146,785,000Source | 135,590,000Source | 118,551,000Source | 115,605,000Source | 117,431,000Source | 133,142,000Source | 143,533,000Source | 118,955,000Source | 114,422,000Source | 119,836,000Source | 62,948,000Source | 54,291,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 27,221,000Source | 38,169,000Source | 42,200,000Source | 51,093,000Source |
| Long-term Debt, Current MaturitiesUSD | — | — | — | — | — | — | — | 11,250,000Source | — | — | 0Source | 1,494,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,684,319,000Source | 1,673,292,000Source | 1,693,340,000Source | 1,681,468,000Source | 1,677,315,000Source | 1,690,253,000Source | 1,678,647,000Source | 1,664,107,000Source | 1,687,248,000Source | 1,675,930,000Source | 0Source | 106,588,000Source |
| Liabilities | — | — | —Source | — | — | — | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -23,757,000Source | -35,335,000Source | -245,931,000Source | -20,364,000Source | -40,198,000Source | -61,191,000Source | -141,725,000Source | -1,131,228,000Source | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 37,748,000Source | 25,893,000Source | 38,262,000Source | 36,806,000Source | 38,521,000Source | 37,360,000Source | 152,638,000Source | 143,978,000Source | 57,405,000Source | 47,386,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 3,541,000Source | 2,958,000Source | 13,429,000Source | 10,188,000Source | 11,495,000Source | 11,376,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | -2,170,000Source | -2,792,000Source | -10,948,000Source | -133,510,000Source | -8,893,000Source | 7,686,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | 0Source | 0Source | 1,576,219,000Source | 56,703,000Source | 66,105,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 0Source | 24,000Source | 0Source | 444,000Source | — | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 6,946,000Source | 11,906,000Source | 29,116,000Source | 37,060,000Source | 30,725,000Source | 40,729,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 685,000Source | 894,000Source | 1,074,000Source | 1,442,000Source | 4,340,000Source | 3,330,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 93,811,000Source | 62,771,000Source |
| Dividends paid | — | — | — | — | — | — | — | — | —Source | —Source | —Source | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | — | 11,408,000Source | 730,000Source | -1,846,807,000Source | 1,906,251,000Source | 8,506,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 140,354,000Source | 138,156,000Source | 139,448,000Source | 95,307,000Source | 141,022,000Source | 116,674,000Source | 105,996,000Source | 105,266,000Source | 1,952,073,000Source | 45,822,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 166,665,000Source | 163,999,000Source | 11,923,000Source | 5,355,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 872,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -284,000Source | 357,000Source | 791,000Source | 1,013,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 11,605,000Source | 9,120,000Source | 10,594,000Source | 9,902,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | 22,588,000Source | 23,104,000Source | — | — | 92,425,000Source | 85,873,000Source | 16,039,000Source | 15,988,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | — | — | — | — | — | — | — | 3,377,000Source | 2,909,000Source | 2,558,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 294,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -539,000Source | -2,812,000Source | -566,000Source | -4,653,000Source | 1,698,000Source | -922,000Source | -5,892,000Source | 1,093,000Source | — | — |
| GoodwillUSD | — | — | 522,712,000Source | 716,071,000Source | 278,706,000Source | 522,712,000Source | 522,712,000Source | 522,712,000Source | 522,712,000Source | 522,712,000Source | 278,706,000Source | 306,184,000Source |
| Goodwill, Impairment LossUSD | — | — | 0Source | 14,751,000Source | 244,006,000Source | 0Source | — | — | 0Source | 1,028,397,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | -16,250,000Source | -72,271,000Source | -205,567,000Source | -12,583,000Source | — | -61,191,000Source | — | -1,124,841,000Source | 42,803,000Source | 193,191,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -23,757,000Source | -34,198,000Source | -243,856,000Source | -20,364,000Source | -40,198,000Source | -61,191,000Source | -141,725,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 0Source | -1,137,000Source | -2,075,000Source | 0Source | — | — | 0Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -1,137,000Source | -1,733,000Source | 0Source | — | — | — | -6,387,000Source | 124,548,000Source | 0Source |
| Income Tax Expense (Benefit)USD | — | — | 385,000Source | 1,302,000Source | -174,000Source | -16,749,000Source | 1,793,000Source | 19,589,000Source | -5,472,000Source | -124,991,000Source | 13,836,000Source | 67,647,000Source |
| InterestExpenseNonoperatingUSD | — | — | 44,775,000Source | 52,770,000Source | 43,721,000Source | 45,326,000Source | 43,587,000Source | 45,547,000Source | 180,747,000Source | 189,215,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -16,250,000Source | -73,408,000Source | -207,300,000Source | -12,583,000Source | -34,319,000Source | -50,637,000Source | -107,796,000Source | -816,969,000Source | 167,351,000Source | 193,191,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -7,507,000Source | 38,073,000Source | -38,631,000Source | -7,781,000Source | -5,879,000Source | -10,554,000Source | -33,929,000Source | -314,259,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | — | — | — | -50,637,000Source | — | -837,134,000Source | — | — |
| Nonoperating Income (Expense)USD | — | — | -38,379,000Source | -55,593,000Source | -42,718,000Source | -56,635,000Source | -58,846,000Source | -46,365,000Source | -183,621,000Source | -186,896,000Source | -31,571,000Source | -5,138,000Source |
| Operating Costs and ExpensesUSD | — | — | 316,390,000Source | 332,469,000Source | 335,892,000Source | 303,300,000Source | 283,777,000Source | 304,262,000Source | 1,244,471,000Source | 1,250,570,000Source | 586,195,000Source | 906,549,000Source |
| Operating Lease, ExpenseUSD | — | — | 52,150,000Source | 48,810,000Source | 50,252,000Source | 49,505,000Source | 49,713,000Source | 48,792,000Source | 204,029,000Source | 182,197,000Source | 87,413,000Source | 97,094,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 6,935,000Source | -11,000Source | 1,569,000Source | -6,656,000Source | -16,957,000Source | 104,000Source | 3,018,000Source | 1,226,000Source | — | 0Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 846,000Source | 753,000Source | 800,000Source | 783,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 206,000Source |
| Net Cash Provided by (Used in) Operating Activities | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 631,763,000Source | 655,937,000Source | 673,036,000Source | 618,844,000Source | 582,046,000Source | 613,281,000Source | 2,495,118,000Source | 2,474,262,000Source | 1,370,735,000Source | 1,973,403,000Source |
| Operating Income (Loss)USD | — | — | 15,007,000Source | 22,697,000Source | -201,312,000Source | 19,522,000Source | 20,441,000Source | 4,763,000Source | 36,424,000Source | -1,062,936,000Source | 88,210,000Source | 265,976,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 6,935,000Source | -11,000Source | 1,569,000Source | -6,656,000Source | -16,957,000Source | 104,000Source | 3,018,000Source | 1,226,000Source | — | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -23,372,000Source | -32,896,000Source | -244,030,000Source | -37,113,000Source | -38,405,000Source | -41,602,000Source | -147,197,000Source | -1,249,832,000Source | 56,639,000Source | 260,838,000Source |
| Income Tax Expense (Benefit)USD | — | — | 385,000Source | 1,302,000Source | -174,000Source | -16,749,000Source | 1,793,000Source | 19,589,000Source | -5,472,000Source | -124,991,000Source | 13,836,000Source | 67,647,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -7,507,000Source | 38,073,000Source | -38,631,000Source | -7,781,000Source | -5,879,000Source | -10,554,000Source | -33,929,000Source | -314,259,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -16,250,000Source | -73,408,000Source | -207,300,000Source | -12,583,000Source | -34,319,000Source | -50,637,000Source | -107,796,000Source | -816,969,000Source | 167,351,000Source | 193,191,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.52Source | -2.66Source | -6.38Source | -0.41Source | -1.09Source | -1.68Source | -3.51Source | -30.63Source | 6.42Source | 7.17Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.52Source | -2.66Source | -6.38Source | -0.41Source | -1.09Source | -1.68Source | -3.51Source | -30.63Source | 6.4Source | 7.14Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 30,972,000Source | 27,941,000Source | 32,481,000Source | 30,429,000Source | 31,476,000Source | 30,193,000Source | 30,718,000Source | 27,540,000Source | 25,913,000Source | 26,783,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 30,972,000Source | 27,941,000Source | 32,481,000Source | 30,429,000Source | 31,476,000Source | 30,193,000Source | 30,718,000Source | 27,540,000Source | 26,003,000Source | 26,926,000Source |
| Interest Expense (non-operating)USD | — | — | 44,775,000Source | 52,770,000Source | 43,721,000Source | 45,326,000Source | 43,587,000Source | 45,547,000Source | 180,747,000Source | 189,215,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | 22,588,000Source | 23,104,000Source | — | — | 92,425,000Source | 85,873,000Source | 16,039,000Source | 15,988,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | — | — | — | — | — | — | — | 3,377,000Source | 2,909,000Source | 2,558,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | — | 0Source | — | — | — | — | 0Source | 0Source | 0.96Source | 0.96Source |
| Costs and ExpensesUSD | — | — | 616,756,000Source | 633,240,000Source | 874,348,000Source | 599,322,000Source | 561,605,000Source | 608,518,000Source | 2,458,694,000Source | 3,537,198,000Source | 1,282,525,000Source | 1,707,427,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 5,476,000Source | 8,519,000Source | 22,729,000Source | 59,961,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 294,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -539,000Source | -2,812,000Source | -566,000Source | -4,653,000Source | 1,698,000Source | -922,000Source | -5,892,000Source | 1,093,000Source | — | — |
| Fuel CostsUSD | — | — | 5,029,000Source | 4,855,000Source | 6,644,000Source | 5,278,000Source | 4,927,000Source | 5,649,000Source | 20,122,000Source | 21,460,000Source | 22,004,000Source | 27,583,000Source |
| Goodwill, Impairment LossUSD | — | — | 0Source | 14,751,000Source | 244,006,000Source | 0Source | — | — | 0Source | 1,028,397,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | -16,250,000Source | -72,271,000Source | -205,567,000Source | -12,583,000Source | — | -61,191,000Source | — | -1,124,841,000Source | 42,803,000Source | 193,191,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | -143,575,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -23,757,000Source | -34,198,000Source | -243,856,000Source | -20,364,000Source | -40,198,000Source | -61,191,000Source | -141,725,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | -0.52Source | -2.62Source | -6.33Source | -0.41Source | — | — | -3.51Source | -30.4Source | 1.64Source | 7.17Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | -0.52Source | -2.62Source | -6.33Source | -0.41Source | — | — | -3.51Source | -30.4Source | 1.64Source | 7.14Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 0Source | -1,137,000Source | -2,075,000Source | 0Source | — | — | 0Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -1,137,000Source | -1,733,000Source | 0Source | — | — | — | -6,387,000Source | 124,548,000Source | 0Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 31,571,000Source | — |
| Interest Income (Expense), NetUSD | — | — | — | — | — | — | — | — | — | — | — | -5,138,000Source |
| Labor and Related ExpenseUSD | — | — | 131,909,000Source | 133,516,000Source | 130,040,000Source | 145,490,000Source | 115,576,000Source | 141,915,000Source | 535,681,000Source | 536,406,000Source | 287,566,000Source | 347,970,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | — | — | — | -50,637,000Source | — | -837,134,000Source | — | — |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | — | — | -16,250,000Source | -73,101,000Source | — | -12,583,000Source | — | — | -107,796,000Source | -837,134,000Source | 42,583,000Source | 192,121,000Source |
| Nonoperating Income (Expense)USD | — | — | -38,379,000Source | -55,593,000Source | -42,718,000Source | -56,635,000Source | -58,846,000Source | -46,365,000Source | -183,621,000Source | -186,896,000Source | -31,571,000Source | -5,138,000Source |
| Operating Costs and ExpensesUSD | — | — | 316,390,000Source | 332,469,000Source | 335,892,000Source | 303,300,000Source | 283,777,000Source | 304,262,000Source | 1,244,471,000Source | 1,250,570,000Source | 586,195,000Source | 906,549,000Source |
| Operating Insurance and Claims Costs, ProductionUSD | — | — | 12,719,000Source | 17,382,000Source | 13,678,000Source | 15,536,000Source | 13,498,000Source | 15,007,000Source | 58,970,000Source | 64,682,000Source | 50,133,000Source | 49,759,000Source |
| Operating Lease, ExpenseUSD | — | — | 52,150,000Source | 48,810,000Source | 50,252,000Source | 49,505,000Source | 49,713,000Source | 48,792,000Source | 204,029,000Source | 182,197,000Source | 87,413,000Source | 97,094,000Source |
| Other Cost and Expense, OperatingUSD | — | — | 60,811,000Source | 55,564,000Source | 55,574,000Source | 43,407,000Source | 55,593,000Source | 55,533,000Source | 242,783,000Source | 309,508,000Source | 191,809,000Source | 231,086,000Source |
| Other ExpensesUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | — | — | 0Source | — | — | — | — | 0Source | 0Source | 859,000Source | 1,070,000Source |
| Preferred Stock Dividends and Other Adjustments | — | — | — | — | — | — | — | —Source | — | — | — | — |
Filing attachments
fwrdex992-formsx8xplanamen.htm · S-8 · 2026-06-25
Exhibit 99.2 AMENDMENT TO THE 2025 OMNIBUS INCENTIVE COMPENSATION PLAN WHEREAS, Forward Air Corporation, a Delaware corporation (the “Company”) maintains the 2025 Omnibus Incentive Compensation Plan (the “Plan”), which was previously approved by the Company’s Board of Directors (the “Board”) on March 21, 2025 and approved by the stockholders of the Company on June 11, 2025; WHEREAS, the Compensation Committee of the Board (the “Committee”) is the administrator of the Plan; WHEREAS, the Commi…
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