Jun 2026 (Q2 FY26) — Aug 5, 2026
Forward Air Q2 FY26 — Strong Performance Across Segments and Key Customer Retention
Read the full callForward Air (FWRD) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Forward Air earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 673 | +8.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -29.9 | −33.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -207 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$15.84 +2.00% · +$0.31
Performance −25.2% 1Y
1Y: $21.19 on 14 Oct 2025 → $15.84. High $30.23 (9 Feb 2026), low $8.31 (19 May 2026).
- Previous close
- $15.53
- 52-week range
- $8.31 – $30.23
- One year
- −20.76%
Overview
- Symbol
- FWRD
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Forward Air earnings calls (FWRD)
Financials
What the filings say
Net profit, year on year: −1547% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 656 | 633 | 613 | 619 | 632 | 631 | 582 | 673 |
| Expenses | 633 | 557 | 609 | 599 | 617 | 634 | 562 | 874 |
| Operating profit | 23 | 76 | 5 | 20 | 15 | -3 | 20 | -201 |
| Operating margin | 3.5% | 12.0% | 0.8% | 3.1% | 2.4% | −0.5% | 3.5% | −29.9% |
| Other income | -56 | -44 | -46 | -57 | -38 | -42 | -59 | -43 |
| Interest | 53 | 48 | 46 | 45 | 45 | 45 | 44 | 44 |
| Profit before tax | -33 | 32 | -42 | -37 | -23 | -45 | -38 | -244 |
| Tax rate | −4.0% | 211.9% | −47.1% | 45.1% | −1.6% | 19.3% | −4.7% | 0.1% |
| Net profit | -73 | -36 | -51 | -13 | -16 | -28 | -34 | -207 |
| EPS ($ per share) | -2.66 | -1.24 | -1.68 | -0.41 | -0.52 | — | -1.09 | -6.38 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 343 | 350 | 304 | 335 | 436 | 480 | -338 | -447 |
| Total liabilities | 207 | 414 | 500 | 524 | 501 | 2,215 | 2,517 | 2,557 |
| Fixed assets | 210 | 193 | 190 | 219 | 249 | 258 | 326 | 298 |
| Total assets | 760 | 991 | 1,047 | 1,118 | 1,208 | 2,980 | 2,803 | 2,719 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 153 | 159 | 96 | 121 | 250 | 199 | -69 | 44 |
| Cash from investing | -55 | -64 | — | — | — | — | — | — |
| Cash from financing | -75 | -56 | — | — | — | — | — | — |
| Net cash flow | — | 39 | -24 | -3 | 9 | 1,906 | -1,847 | 1 |
| Capital expenditure | -40 | -22 | -20 | -38 | -39 | -31 | -37 | -29 |
| Free cash flow | 113 | 137 | 76 | 82 | 211 | 168 | -106 | 15 |
Insider filings
39 filings between Oct 20, 2025 and Jun 18, 2026.
Open market
decisions to buy or sellPurchases
$4.03M
2 purchases by 1 insider
Sales
$5.94M
6 sales by 1 insider
Compensation
not trading decisions- 14
- Award — granted as compensation
- 17
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Cetus Capital VI, L.P. | $4.03M | $5.94M | Nov 12, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 18, 2026 | Gorjanc Christine Marie Director | Award | 9,545 | $0 |
| Jun 18, 2026 | Boyles Dale W Director | Award | 9,545 | $0 |
| Jun 18, 2026 | Svindland Paul C. Director | Award | 9,545 | $0 |
| Apr 29, 2026 | Stewart Shawn Chief Executive Officer | Tax withheld | 4,136 | $89.0K |
| Mar 16, 2026 | Stewart Shawn Chief Executive Officer | Award | 18,692 | $0 |
| Mar 16, 2026 | Pierson Jamie G. CFO | Award | 5,732 | $0 |
| Mar 15, 2026 | Hance Michael L CLO and Secretary | Tax withheld | 4,868 | $78.1K |
| Mar 15, 2026 | Hance Michael L CLO and Secretary | Tax withheld | 869 | $13.9K |
| Mar 15, 2026 | OSBORNE TIMOTHY R Executive VP of Operations | Tax withheld | 2,109 | $33.8K |
| Mar 15, 2026 | OSBORNE TIMOTHY R Executive VP of Operations | Tax withheld | 483 | $7.8K |
| Feb 19, 2026 | Smith Douglas James Chief People Officer | Award | 5,850 | $0 |
| Feb 19, 2026 | Faught James R. Chief Accounting Officer | Award | 2,340 | $0 |
| Feb 19, 2026 | Faught James R. Chief Accounting Officer | Tax withheld | 362 | $10.1K |
| Feb 19, 2026 | LORRAIN Jerome Jean-Pierre Executive Chairman | Award | 10,799 | $0 |
| Feb 19, 2026 | HERREN JESSICA L Chief Supply Chain Officer | Award | 4,950 | $0 |
| Feb 19, 2026 | HERREN JESSICA L Chief Supply Chain Officer | Tax withheld | 436 | $12.1K |
| Feb 19, 2026 | Smith Douglas James Chief People Officer | Tax withheld | 516 | $14.3K |
| Feb 19, 2026 | OSBORNE TIMOTHY R Executive VP of Operations | Award | 5,850 | $0 |
| Feb 19, 2026 | OSBORNE TIMOTHY R Executive VP of Operations | Tax withheld | 513 | $14.3K |
| Feb 19, 2026 | Brandt Eric Frederick Chief Commercial Officer | Award | 8,999 | $0 |
| Feb 19, 2026 | Brandt Eric Frederick Chief Commercial Officer | Tax withheld | 1,057 | $29.4K |
| Feb 19, 2026 | Hance Michael L CLO and Secretary | Award | 10,799 | $0 |
| Feb 19, 2026 | Hance Michael L CLO and Secretary | Tax withheld | 946 | $26.3K |
| Feb 19, 2026 | Pierson Jamie G. CFO | Award | 20,698 | $0 |
| Feb 19, 2026 | Pierson Jamie G. CFO | Tax withheld | 1,662 | $46.2K |
| Feb 19, 2026 | Stewart Shawn Chief Executive Officer | Award | 43,197 | $0 |
| Feb 19, 2026 | Stewart Shawn Chief Executive Officer | Tax withheld | 3,214 | $89.3K |
| Feb 9, 2026 | OSBORNE TIMOTHY R Executive VP of Operations | Tax withheld | 111 | $3.4K |
| Feb 9, 2026 | Hance Michael L CLO and Secretary | Tax withheld | 225 | $6.8K |
| Dec 12, 2025 | Smith Douglas James Chief People Officer | Tax withheld | 243 | $6.2K |
| Nov 18, 2025 | HERREN JESSICA L Chief Supply Chain Officer | Tax withheld | 148 | $3.1K |
| Nov 12, 2025 | Cetus Capital VI, L.P. 10% owner | Sale | 10,000 | $223.8K |
| Nov 11, 2025 | Cetus Capital VI, L.P. 10% owner | Sale | 67,163 | $1.46M |
| Nov 10, 2025 | Cetus Capital VI, L.P. 10% owner | Sale | 30,000 | $679.8K |
| Nov 10, 2025 | Cetus Capital VI, L.P. 10% owner | Sale | 90,000 | $1.94M |
| Nov 6, 2025 | Cetus Capital VI, L.P. 10% owner | Sale | 74,716 | $1.63M |
| Nov 6, 2025 | Cetus Capital VI, L.P. 10% owner | Sale | 284 | $6.4K |
| Oct 20, 2025 | Cetus Capital VI, L.P. 10% owner | Purchase | 10,000 | $188.6K |
| Oct 20, 2025 | Cetus Capital VI, L.P. 10% owner | Purchase | 215,000 | $3.85M |
| Oct 14, 2025 | Cetus Capital VI, L.P. 10% owner | Sale | 30,000 | $642.6K |
| Jul 11, 2025 | LORRAIN Jerome Jean-Pierre Executive Chairman | Award | 7,307 | $0 |
| Jun 28, 2025 | Faught James R. Chief Accounting Officer | Tax withheld | 308 | $0 |
| Jun 13, 2025 | ANDERSON CHARLES LEONARD Director | Award | 6,432 | $0 |
| Jun 13, 2025 | ANDERSON CHARLES LEONARD Director | Award | 6,963 | $0 |
| Jun 13, 2025 | ANDERSON CHARLES LEONARD Director | Award | 6,432 | $0 |
| Jun 13, 2025 | ANDERSON CHARLES LEONARD Director | Award | 6,963 | $0 |
| Jun 13, 2025 | Edwards Robert Leon Jr Director | Award | 6,432 | $0 |
| Jun 13, 2025 | Edwards Robert Leon Jr Director | Award | 6,963 | $0 |
| Jun 13, 2025 | Edwards Robert Leon Jr Director | Award | 6,432 | $0 |
| Jun 13, 2025 | Edwards Robert Leon Jr Director | Award | 6,963 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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