For the quarter ending 2026-03-31, FWRD has $2,695,879K in assets. $141,022K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 141,022 | 105,996 | 140,354 | 95,128 |
| Restricted cash and restricted cash equivalents | - | 0 | 0 | 179 |
| Accounts receivable, less allowance of 4,609 in 2026 and 3,749 in 2025 | 330,699 | 343,559 | 341,414 | 335,716 |
| Other receivables | 3,077 | 6,147 | - | - |
| Prepaid expenses | 29,453 | 28,045 | 30,830 | 33,182 |
| Other current assets | 38,105 | 37,254 | 39,890 | 10,402 |
| Total current assets | 542,356 | 521,001 | 552,488 | 474,607 |
| Property and equipment, net of accumulated depreciation and amortization of 348,946 in 2026 and 340,021in 2025 | 286,652 | 297,882 | 309,830 | 321,329 |
| Operating lease right-of-use assets | 402,712 | 412,535 | 411,562 | 419,531 |
| Goodwill | 522,712 | 522,712 | 522,712 | 522,712 |
| Other acquired intangibles, net of accumulated amortization of 324,223 in 2026 and 301,453 in 2025 | 884,021 | 906,791 | 929,894 | 952,967 |
| Other long-term assets | 57,426 | 58,023 | 67,712 | 70,089 |
| Total assets | 2,695,879 | 2,718,944 | 2,794,198 | 2,761,235 |
| Accounts payable | 103,693 | 121,752 | 124,835 | 115,123 |
| Current portion of debt and finance lease obligations | - | - | 16,511 | 16,877 |
| Accrued expenses | 133,142 | 114,422 | 146,785 | 115,605 |
| Other current liabilities | 76,937 | 69,130 | 70,492 | 48,072 |
| Current portion of finance lease obligations | 15,317 | 15,995 | - | - |
| Current portion of operating lease liabilities | 112,808 | 107,026 | 101,418 | 101,008 |
| Total current liabilities | 441,897 | 428,325 | 460,041 | 396,685 |
| Finance lease obligations, less current portion | 18,851 | 22,387 | 26,087 | 29,191 |
| Long-term debt | 1,690,253 | 1,687,248 | 1,684,319 | 1,681,468 |
| Liabilities under tax receivable agreement | 28,255 | 11,548 | 14,131 | 20,158 |
| Operating lease liabilities, less current portion | 313,153 | 327,011 | 327,938 | 334,318 |
| Other long-term liabilities | 56,221 | 53,540 | 48,396 | 49,725 |
| Deferred income taxes | 24,973 | 27,221 | 37,444 | 33,449 |
| Preferred stock, value | 0 | 0 | 0 | 0 |
| Common stock, 0.01 par value authorized shares - 50,000,000 issued and outstanding shares - 31,598,268 as of march 31, 2026 and 31,326,561 as of december 31, 2025 | 316 | 313 | 312 | 306 |
| Additional paid-in capital | 564,626 | 559,551 | 556,101 | 551,845 |
| Accumulated deficit | -482,911 | -447,100 | -418,753 | -402,451 |
| Accumulated other comprehensive (loss) income | -1,030 | 580 | 2,124 | 2,094 |
| Total forward air shareholders' equity | 81,001 | 113,344 | 139,784 | 151,794 |
| Noncontrolling interest | 41,275 | 48,320 | 56,058 | 64,447 |
| Total shareholders' equity | 122,276 | 161,664 | 195,842 | 216,241 |
| Total liabilities and shareholders' equity | 2,695,879 | 2,718,944 | 2,794,198 | 2,761,235 |
FORWARD AIR CORP (FWRD)
FORWARD AIR CORP (FWRD)