Quick Answer
FORWARD AIR CORP reported Total Revenue of $2.50 billion for fiscal year 2025.
FORWARD AIR CORP — Key Financials by Year
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total Revenue | $2.50B +0.8% |
$2.47B +80.5% |
$1.37B -18.4% |
$1.68B +21.1% |
$1.39B +9.3% |
$1.27B +4.5% |
| Revenue (ASC 606) | $2.50B +0.8% |
$2.47B +80.5% |
$1.37B -18.4% |
$1.68B +21.1% |
$1.39B +9.3% |
$1.27B +4.5% |
| Net Income | -$107.80M +86.8% |
-$816.97M -588.2% |
$167.35M -13.4% |
$193.19M +82.5% |
$105.86M +346.0% |
$23.73M -72.8% |
| Diluted EPS | -$3.51 +88.5% |
-$30.63 -578.6% |
$6.40 -10.4% |
$7.14 +85.5% |
$3.85 +358.3% |
$0.84 -72.4% |
| Total Assets | $2.72B -3.0% |
$2.80B -5.9% |
$2.98B +146.6% |
$1.21B +8.1% |
$1.12B +6.7% |
$1.05B +5.7% |
| Cash and Equivalents | $106.00M +1.0% |
$104.90M -14.0% |
$121.97M +166.2% |
$45.82M +22.8% |
$37.32M -7.3% |
$40.25M -37.8% |
| Long-Term Debt | $1.69B +0.7% |
$1.68B | $0.00 -100.0% |
$106.59M -31.4% |
$155.47M +38.3% |
$112.40M +66.9% |
| Stockholders Equity | $113.34M -43.8% |
$201.73M -73.6% |
$764.26M +8.1% |
$707.24M +19.1% |
$593.65M +8.5% |
$547.33M -5.2% |
| Operating Income | $36.42M +103.4% |
-$1.06B -1305.0% |
$88.21M -64.4% |
$247.59M +68.4% |
$147.03M +98.9% |
$73.92M -34.2% |
| Shares Outstanding | 31.33M +5.3% |
29.76M +15.9% |
25.67M -3.0% |
26.46M -1.9% |
26.97M -1.3% |
27.32M -1.9% |
Most Recent Quarter
| Metric | Quarter Ending | Value | YoY | QoQ |
|---|---|---|---|---|
| Total Revenue | September 30, 2025 | $631.76M | -3.7% | +2.1% |
| Revenue (ASC 606) | September 30, 2025 | $631.76M | -3.7% | +2.1% |
| Net Income | September 30, 2025 | -$16.25M | +77.9% | -29.1% |
| Diluted EPS | September 30, 2025 | -$0.52 | +80.5% | -26.8% |
| Total Assets | September 30, 2025 | $2.79B | -8.6% | +1.2% |
| Cash and Equivalents | September 30, 2025 | $140.35M | +2.7% | +47.5% |
| Long-Term Debt | September 30, 2025 | $1.68B | +0.7% | +0.2% |
| Stockholders Equity | September 30, 2025 | $139.78M | -38.2% | -7.9% |
| Operating Income | September 30, 2025 | $15.01M | -33.9% | -23.1% |
| Shares Outstanding | September 30, 2025 | 31.20M | +8.8% | +2.0% |
- FORWARD AIR CORP reported Total Revenue of $2.50 billion for fiscal year 2025.
- FORWARD AIR CORP showed an increase of +0.8% in Total Revenue compared to the prior fiscal year.
- FORWARD AIR CORP reported Revenue (ASC 606) of $2.50 billion for fiscal year 2025.
- FORWARD AIR CORP showed an increase of +0.8% in Revenue (ASC 606) compared to the prior fiscal year.
- FORWARD AIR CORP reported Net Income of -$107.80 million for fiscal year 2025.
- FORWARD AIR CORP showed an increase of +86.8% in Net Income compared to the prior fiscal year.
- FORWARD AIR CORP reported Diluted EPS of $3.51 per share (loss) for fiscal year 2025.
- FORWARD AIR CORP showed an increase of +88.5% in Diluted EPS compared to the prior fiscal year.
- FORWARD AIR CORP reported Total Assets of $2.72 billion for fiscal year 2025.
- FORWARD AIR CORP showed a decrease of -3.0% in Total Assets compared to the prior fiscal year.
- FORWARD AIR CORP reported Cash and Equivalents of $106.00 million for fiscal year 2025.
- FORWARD AIR CORP showed an increase of +1.0% in Cash and Equivalents compared to the prior fiscal year.
- FORWARD AIR CORP reported Long-Term Debt of $1.69 billion for fiscal year 2025.
- FORWARD AIR CORP showed an increase of +0.7% in Long-Term Debt compared to the prior fiscal year.
- FORWARD AIR CORP reported Stockholders Equity of $113.34 million for fiscal year 2025.
- FORWARD AIR CORP showed a decrease of -43.8% in Stockholders Equity compared to the prior fiscal year.
- FORWARD AIR CORP reported Operating Income of $36.42 million for fiscal year 2025.
- FORWARD AIR CORP showed an increase of +103.4% in Operating Income compared to the prior fiscal year.
- FORWARD AIR CORP reported Shares Outstanding of 31.33 million shares for fiscal year 2025.
- FORWARD AIR CORP showed an increase of +5.3% in Shares Outstanding compared to the prior fiscal year.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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