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	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Revenue	582m	632m	619m	613m	633m	656m	644m
Operating expenses	562m	617m	599m	609m	—	633m	1.74bn
Operating income	20m	15m	20m	5m	—	23m	−1.10bn
Pre-tax income	−38m	−23m	−37m	−42m	—	−33m	−1.14bn
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	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	141m	106m	140m	95m	116m	105m	137m	85m
Receivables	331m	344m	341m

Cash flow

Metric	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 2024
Operating cash flow	46m	—	—	28m	—	—
Depreciation and amortisation	39m	38m	37m	37m

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)