{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-039528","form_type":"8-K","ticker":"FWRD","cik":"0000912728","company_name":"FORWARD AIR CORP","filed_at":"2025-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.685467+00:00","generated_at":"2026-05-17T15:59:45.017263+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Forward Air Q2 2025 revenue $619M; net loss $(0.41)/share; EBITDA margins improve","bullets":["Revenue $618.8M, down 3.9% YoY from $643.7M; income from operations $19.5M vs loss $1.1B a year ago.","Net loss from continuing ops $(20.4M) or $(0.41) diluted EPS, improving from $(966.5M) or $(23.29) in Q2 2024.","Consolidated EBITDA (per credit agreement) $74M; last twelve months EBITDA $298M.","Expedited Freight segment EBITDA margin highest in six quarters; pricing actions and cost controls cited.","Liquidity $368M at June 30, 2025, down from $393M at Q1 end due to $34M semi-annual interest payment."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-039528","json":"https://secwatch.observer/filing/0001628280-25-039528.json","markdown":"https://secwatch.observer/filing/0001628280-25-039528.md","text":"https://secwatch.observer/filing/0001628280-25-039528.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912728/000162828025039528/0001628280-25-039528-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912728/000162828025039528/fwrd-20250811.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T15:59:45.017263+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}