| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Operating revenue | 631,763 | 618,844 | - | 655,937 |
| Purchased transportation | 316,390 | 303,300 | 304,262 | 332,469 |
| Salaries, wages and employee benefits | 131,909 | 145,490 | 141,915 | 133,516 |
| Operating leases | 52,150 | 49,505 | 48,792 | 48,810 |
| Depreciation and amortization | 37,748 | 36,806 | 37,360 | 25,893 |
| Insurance and claims | 12,719 | 15,536 | 15,007 | 17,382 |
| Fuel expense | 5,029 | 5,278 | 5,649 | 4,855 |
| Other operating expenses | 60,811 | 43,407 | 55,533 | 55,564 |
| Impairment of goodwill | 0 | 0 | - | 14,751 |
| Operating revenue | - | - | 613,281 | - |
| Total operating expenses | 616,756 | 599,322 | 608,518 | 633,240 |
| Income from continuing operations | 15,007 | 19,522 | 4,763 | 22,697 |
| Interest expense, net | 44,775 | 45,326 | 45,547 | 52,770 |
| Foreign exchange loss | -539 | -4,653 | -922 | -2,812 |
| Other income (expense), net | 6,935 | -6,656 | 104 | -11 |
| Total other expense | -38,379 | -56,635 | -46,365 | -55,593 |
| Loss from continuing operations before income taxes | -23,372 | -37,113 | -41,602 | -32,896 |
| Income tax (benefit) expense | 385 | -16,749 | 19,589 | 1,302 |
| Loss from continuing operations | -23,757 | -20,364 | - | -34,198 |
| Loss from discontinued operations, net of tax | 0 | 0 | - | -1,137 |
| Net loss | -23,757 | -20,364 | -61,191 | -35,335 |
| Net income (loss) attributable to noncontrolling interest | -7,507 | -7,781 | -10,554 | 38,073 |
| Net loss attributable to forward air | -16,250 | -12,583 | -50,637 | -73,408 |
| Denominator for basic net loss per share - weighted-average number of common shares outstanding (in shares) | 30,972,000 | 30,429,000 | 30,193,000 | 27,941,000 |
| Denominator for diluted net loss per share - weighted-average number of common shares outstanding (in shares) | 30,972,000 | 30,429,000 | 30,193,000 | 27,941,000 |
| Net loss per basic share (in dollars per share) | -0.52 | -0.41 | -1.68 | -2.66 |
| Net loss per diluted share (in dollars per share) | -0.52 | -0.41 | -1.68 | -2.66 |
FORWARD AIR CORP (FWRD)
FORWARD AIR CORP (FWRD)