0001628280-26-016793
SEC filingForward 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.
Forward Air Corporation reported FY 2025 operating revenue of $2.50 billion, with operating income of $36.4 million. The company experienced a net loss attributable to Forward Air of $107.8 million, equivalent to a loss of $4.00 per basic and diluted share. This loss was primarily driven by significant interest expense of $180.7 million and a foreign exchange loss of $5.9 million, which offset the positive operating income. Comprehensive loss attributable to Forward Air was $104.5 million. 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 company reported operating revenue of $2.50 billion for FY 2025. No segment breakdown or geographic mix was provided in the available data. The revenue figure represents the total operating revenue for the period ending December 31, 2025. No specific growth drivers or segment performance details were disclosed in the provided financial data.
The company achieved an operating margin of 1.5% based on operating revenue of $2.50 billion and operating income of $36.4 million. Operating expenses totaled $2.46 billion, with the largest components being purchased transportation at $1.24 billion, salaries, wages, and employee benefits at $535.7 million, and other operating expenses at $242.8 million. Depreciation and amortization expense was $152.6 million, operating leases expense was $204.0 million, insurance and claims expense was $59.0 million, and fuel expense was $20.1 million. No goodwill impairment was recorded for the period.
The company generated $44.4 million in operating cash flow from continuing operations, despite reporting a net loss. Investing activities used $26.9 million, primarily for purchases of property and equipment of $29.1 million, partially offset by proceeds from sale of property and equipment of $2.2 million. Financing activities used $17.5 million, with repayments of finance lease obligations of $17.3 million being the primary use. The balance sheet shows total assets of $2.72 billion, including current assets of $521.0 million, property and equipment of $297.9 million, goodwill of $522.7 million, and other acquired intangibles of $906.8 million. Total liabilities were $2.56 billion, including long-term debt of $1.69 billion and current liabilities of $428.3 million. Total shareholders' equity was $161.7 million.
No management guidance, strategic priorities, or specific risk factors were provided in the available financial data. The filing does not include forward-looking statements or outlook information in the provided content.