Forward Air Corporation

Forward Air Corporation reported FY 2025 operating revenue of $2.50 billion, with operating income of $36.4 million. However, the company recorded a net loss attributable to Forward Air of $107.8 million, primarily due to significant interest expense of $180.7 million and a foreign exchange loss of $5.9 million. The net loss per basic and diluted share was $4.00, with no dividends declared. The company generated positive operating cash flow of $44.4 million from continuing operations, while investing activities used $26.9 million and financing activities used $17.5 million. The balance sheet shows total assets of $2.72 billion, with long-term debt of $1.69 billion and total shareholders' equity of $161.7 million. Comprehensive loss attributable to Forward Air was $104.5 million.

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