FWRD · XBRL financial data

Forward Air financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (FWRD's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	413	338	542	644	656	633	613	619	632	631*	582	673
Operating income (loss)	15	(8)*	(66)	(1,096)	23	76*	5	20	15	(3)*	20	(201)
Interest expense	3	24*	41	47	53	48*	46	45	45	45*	44	44
Other income (expense)	0	0*	0	0	(0)	1*	0	(7)	7	3*	(17)	2
Income tax expense (benefit)	4	(9)*	(18)	(175)	1	67*	20	(17)	0	(9)*	2	(0)
Net income (loss)	9	102	(62)	(645)	(73)	(36)	(51)	(13)	(16)	(28)*	(34)	(207)
Earnings per share, basic USD per share	0.36	3.94	(2.81)	(23.47)	(2.66)	(1.24)	(1.68)	(0.41)	(0.52)	(0.91)*	(1.09)	(6.38)
Earnings per share, diluted USD per share	0.36	3.93	(2.81)	(23.47)	(2.66)	(1.24)	(1.68)	(0.41)	(0.52)	(0.91)*	(1.09)	(6.38)
Weighted average shares, basic millions of shares	26	26*	26	27	28	29*	30	30	31	31*	31	32
Weighted average shares, diluted millions of shares	26	26*	26	27	28	29*	30	30	31	31*	31	32

Fiscal quarters (FWRD's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	19	122	152	85	137	105	116	95	140	106	141	139
Accounts receivable	192	153	352	369	361	322	336	336	341	344	331	369
Prepaid and other current assets	—	26	40	39	31	29	29	33	31	28	29	26
Total current assets	238	347	569	559	545	473	493	475	552	521	542	583
Property and equipment, net	258	—	—	—	—	—	—	—	—	—	—	—
Right-of-use asset	135	112	334	324	355	410	409	420	412	413	403	361
Goodwill	357	279	1,379	545	716	523	523	523	523	523	523	279
Total assets	1,191	2,980	3,959	3,067	3,056	2,803	2,804	2,761	2,794	2,719	2,696	2,411
Accounts payable	46	45	131	143	157	106	112	115	125	122	104	119
Accrued liabilities	57	63	119	117	136	120	144	116	147	114	133	119
Current portion of long-term debt	3	0	11	—	—	—	—	—	—	—	—	—
Total current liabilities	190	237	445	420	449	384	438	397	460	428	442	442
Long-term debt	119	0	1,664	1,677	1,673	1,676	1,679	1,681	1,684	1,687	1,690	1,693
Lease liability, non-current	88	72	247	243	276	326	325	334	328	327	313	277
Total liabilities	—	—	—	—	—	—	—	—	—	2,557	—	2,534
Retained earnings (accumulated deficit)	385	480	417	(228)	(302)	(338)	(390)	(402)	(419)	(447)	(483)	(690)
Total stockholders' equity	666	764	926	284	226	202	155	152	140	113	81	(115)
Total liabilities and equity	1,191	2,980	3,959	3,067	3,056	2,803	2,804	2,761	2,794	2,719	2,696	2,411
Common shares outstanding (cover page) millions of shares	26	26	26	28	29	30	30	31	31	32	32	34

Fiscal quarters (FWRD's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	9	102	(62)	(645)	(73)	(36)	(51)	(13)	(16)	(28)*	(34)	(207)
Stock-based compensation	3*	2*	2	4*	3*	2*	3	5*	3*	2*	4	0*
Depreciation and amortization	16	14*	32	49	26	38*	37	37	38	41*	39	38
Net cash from operating activities	30*	—	(52)	—	—	—	28	(13)*	—	—	46	(5)*
Purchases of property and equipment	6	7*	5	14*	10*	7*	12	5*	4*	8*	7	3*
Net cash from investing activities	(6)*	—	(1,569)	(14)*	(9)*	—	(11)	(4)*	(4)*	—	(6)	7*
Proceeds from issuing common stock	0*	0*	—	—	(0)*	0*	—	—	—	year only	—	—
Share repurchases	14*	0*	0	0*	0*	0*	—	—	—	year only	—	—
Dividends paid	6*	6*	0	0*	0*	0*	—	—	—	year only	—	—
Net cash from financing activities	(24)*	—	(159)	(4)*	(6)*	—	(5)	(5)*	(4)*	—	(5)	(4)*
Net change in cash	1*	1,933*	(1,780)	(68)*	34*	(33)*	11	(21)*	45*	(34)*	—	—

SIC 4731 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.

How peers are chosen

SIC 4731 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Fewer than three companies fall in that range, so the list adds same-SIC (4731) companies nearest in public float, each marked “added: same SIC”.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Forward Air	139	673	(4.9)*	33.8M	28.6 quarters	Q2 FY26 10-QJun 30, 2026
Hub Group	120	934	28*	not reported	—	Q3 FY25 10-QSep 30, 2025
Radiant Logistics	26	261*	(12)*	46.9M	2.1 quarters	Q4 FY26 10-KJun 30, 2026
Brinksadded: same SIC	1,658	1,392	37*	41.2M	—	Q2 FY26 10-QJun 30, 2026
C. H. Robinson Worldwideadded: same SIC	193	5,358	124*	115.9M	—	Q3 FY26 10-QSep 30, 2026
Quanome Technologiesadded: same SIC	0.7	0.7*	not reported	34.4M	—	Q4 FY26 10-KJun 30, 2026
Expeditors International of Washingtonadded: same SIC	1,031	3,502	179	130.0M	—	Q2 FY26 10-QJun 30, 2026
Singularity Future Technologyadded: same SIC	2.2	0.8*	(0.5)*	5.4M	4.5 quarters	Q4 FY26 10-KJun 30, 2026
CGL Logistics Holdingsadded: same SIC	not reported	not reported	not reported	not reported	—	—

Not investment advice. Not affiliated with the U.S. SEC.