---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-049509"
form_type: "8-K"
ticker: "FWRD"
cik: "0000912728"
company_name: "FORWARD AIR CORP"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:29:59.612252+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-049509
- form_type: 8-K
- ticker: FWRD
- cik: 0000912728
- company_name: FORWARD AIR CORP
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912728/000162828025049509/0001628280-25-049509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912728/000162828025049509/fwrd-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-049509
- JSON: https://secwatch.observer/filing/0001628280-25-049509.json
- Plain text: https://secwatch.observer/filing/0001628280-25-049509.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.