FY2025 · period end Dec '25 · from the 10-K filed Mar 11, 2026
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Revenue | $2.50B | $2.47B | $1.37B | $1.68B | $1.39B |
| Gross Profit | — | — | — | — | — |
| Operating Income | $0.04B | negative: -$1.06B | $0.09B | $0.25B | $0.15B |
| Net Income | negative: -$0.10B | negative: -$0.82B | $0.17B | $0.19B | $0.11B |
| EPS (Diluted) | negative: -$3.51 | negative: -$30.63 | $6.40 | $7.14 | $3.85 |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Total Assets | $2.72B | $2.80B | $2.98B | $1.21B | $1.12B |
| Total Liabilities | — | — | — | — | — |
| Stockholders' Equity | $0.16B | $0.29B | $0.76B | $0.71B | $0.59B |
| Cash & Equivalents | $0.11B | $0.10B | $0.12B | $0.05B | $0.04B |
| Total Debt | — | — | — | — | — |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Operating Cash Flow | — | — | — | — | — |
| Capital Expenditures | $0.03B | $0.04B | $0.03B | $0.04B | $0.04B |
| Free Cash Flow | — | — | — | — | — |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — |
| Operating Margin | negative: -0.0% | negative: -0.4% | 0.1% | 0.1% | 0.1% |
| Net Margin | negative: -0.0% | negative: -0.3% | 0.1% | 0.1% | 0.1% |
| Return on Equity | negative: -46.5% | negative: -156.2% | 22.7% | 29.7% | 18.6% |
| Return on Assets | negative: -3.8% | negative: -28.4% | 8.0% | 16.6% | 9.8% |
| Debt / Equity | 10.44× | 5.86× | — | 0.15× | 0.26× |
Showing the most recent 5 annual periods. Get 15 years of history on the Pro plan, or unlimited history back to 1993 plus the smart-money dataset and webhooks on Institutional.
| Form | Accession ID | Report Date | Filing Date | Accepted At | Source |
|---|---|---|---|---|---|
| 8-K | 0001628280-26-053272 | Aug 5, 2026 | Aug 5, 2026 | Aug 5, 2026 20:00 UTC | EDGAR |
| 10-Q | 0001628280-26-053329 | Jun 30, 2026 | Aug 5, 2026 | Aug 5, 2026 20:07 UTC | EDGAR |
| 8-K | 0001628280-26-048928 | Jul 21, 2026 | Jul 21, 2026 | Jul 21, 2026 12:56 UTC | EDGAR |
| 8-K | 0001628280-26-047900 | Jul 10, 2026 | Jul 10, 2026 | Jul 10, 2026 20:40 UTC | EDGAR |
| 8-K | 0001628280-26-043864 | Jun 17, 2026 | Jun 17, 2026 | Jun 17, 2026 20:01 UTC | EDGAR |
| 10-Q | 0001628280-26-033501 | Mar 31, 2026 | May 11, 2026 | May 11, 2026 20:15 UTC | EDGAR |
| 8-K | 0001628280-26-032056 | May 7, 2026 | May 7, 2026 | May 7, 2026 20:00 UTC | EDGAR |
| 8-K | 0001104659-26-051629 | Apr 24, 2026 | Apr 29, 2026 | Apr 29, 2026 20:51 UTC | EDGAR |
Direct links to SEC EDGAR. FWRD has additional filings available on the SEC site.
6 numbers FORWARD AIR CORP later changed — same XBRL tag, both filings linked.
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest·Q1 2020
Major restatementwas$10.8M
Revised up in a 10-Q.
Operating Income (Loss)·Q1 2020
Major restatementwas$11.7M
Revised up in a 10-Q.
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest·Q3 2023
Major restatementwas$12.8M
Revised down in a 10-Q.
Operating Income (Loss)·Q3 2023
Major restatementwas$15.5M
Revised down in a 10-Q.
Revenue from Contract with Customer, Excluding Assessed Tax·Q3 2023
Major restatementwas$413.4M
Revised down in a 10-K. Any P/S built on the original was 21.3% too low.
Revenue from Contract with Customer, Excluding Assessed Tax·Q2 2023
Major restatementwas$402.2M
Revised down in a 10-K. Any P/S built on the original was 20.6% too low.
FWRD is not the only one.
See every restatement we've found across the market — or get an alert the next time FWRD revises a number.
Restatements are detected by comparing every vintage of a fact across all of FORWARD AIR CORP's filings back to 1993. A revision is not by itself a sign of wrongdoing — companies re-file for many legitimate reasons. This list is not exhaustive: it shows FWRD's most significant revisions, and a figure absent from it has not been certified as unrevised.
Who is buying and selling FORWARD AIR CORP — insider transactions from Forms 3/4/5/144 and institutional ownership from 13F, 13D, and 13G filings, point-in-time stamped like every other fact in the library. Traders read it as a positioning signal; risk desks read it as concentration.
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