Forward Air Q3 revenue down 3.7% to $632M; net loss narrows to $23.8M

FORWARD AIR CORP

2025-Q3 EPS reported -$2.60 revenue$1,863,888,000

Revenue $632M vs $656M YoY; operating income $15M vs $23M.
Net loss from continuing ops $23.8M ($0.52 diluted EPS) vs $34.2M ($2.62) YoY.
Omni segment revenue $340M (+$5M YoY), EBITDA $33M (+$6M); Expedited Freight margin 11.5%.
Consolidated EBITDA $78M vs $86M; LTM EBITDA $299M.
Cash from ops YTD $67M (vs -$46M prior year); liquidity $413M.

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