{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-010569","form_type":"8-K","ticker":"FWRD","cik":"0000912728","company_name":"FORWARD AIR CORP","filed_at":"2026-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.016016+00:00","generated_at":"2026-05-16T01:20:30.534041+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 Q4 operating loss of $2.9M; EBITDA improves to $77M, Omni segment strong","bullets":["Revenue $631M flat YoY; operating loss of $2.9M vs $75.9M profit in Q4 2024.","Net loss per diluted share ($0.91) vs ($1.23) YoY; full year cash from ops improved to $44M from ($69M).","Q4 Consolidated EBITDA (non-GAAP) $77M vs $72M YoY; full year $307M vs $311M.","Omni segment revenue $360M (+$34M YoY), EBITDA $36M (+$4M), margin 10%; Expedited Freight EBITDA margin 10.1% vs 6.6%.","Intermodal segment EBITDA $7M vs $10M, margin 14.2% vs 17.5%; liquidity $367M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-010569","json":"https://secwatch.observer/filing/0001628280-26-010569.json","markdown":"https://secwatch.observer/filing/0001628280-26-010569.md","text":"https://secwatch.observer/filing/0001628280-26-010569.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912728/000162828026010569/0001628280-26-010569-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912728/000162828026010569/fwrd-20260223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T01:20:30.534041+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"}