FWRD at a glance
FORWARD AIR CORP (FWRD, SEC CIK 912728) filed its latest 10-K annual report on March 11, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 5, 2026 and Form 4 insider filings as recently as June 22, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), FORWARD AIR CORP (FWRD) reported revenue of $2.5 billion (up 0.8% from FY2024) and a net loss of $107.8 million. Diluted EPS was -$3.51.
- As of March 31, 2025, 24 institutional investment managers tracked by SignalX reported holding FORWARD AIR CORP (FWRD) shares worth $145.1 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.5B
- +0.8% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 24 funds
- $145.1M · +2 vs prior quarter
- Latest 8-K
- Aug 5, 2026
- Item 2.02
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Near-term outlook limited to standard forward-looking-statement risk disclosures
Risk Factors
- Strategic-review uncertainty: no sale proposals received after January 2025 review, while non-core asset dispositions continue
- Asset-sale execution risk: Intermodal and two legacy Omni businesses targeted, with one closing in second quarter 2026 and another in July 2026
- Customer concentration: one customer represented approximately 12% of consolidated operating revenues in both three and six months ended June 30, 2026
- Contract-transition risk: customer discussions involve at least half of approximately $250 million 2025 revenue and unresolved termination fees
AI summary of the FWRD 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results released for the three months ended June 30, 2026
- Earnings presentation posted on Forward Air’s Investor Relations website
Item EX-99.1: Item EX-99.1
- Q2 revenue reached record $673 million, up 8.8%, while Consolidated EBITDA rose 17.6% to $93 million
- $244 million Omni Logistics goodwill impairment drove $201 million operating loss and $6.38 diluted net loss per share
Item EX-99.1: Item EX-99.1
- Non-binding MOU with one of Forward Air’s largest customers reduces near-term customer-loss risk
- Customer revenue was approximately $250 million in fiscal 2025
Item 7.01: Regulation FD Disclosure
- Reg FD update on negotiations with one of Forward Air’s largest customers
- Customer discussions represent a potentially material commercial relationship
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Jerome Lorrain exited the Executive Chairman role but remains a director
- Christine M. Gorjanc appointed independent Board Chair, strengthening governance separation
AI summaries of FWRD 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for FWRD
Don't miss the next FWRD filing
- Alerts as it files. A push when FWRD files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut FWRD, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Boyles Dale W | A | Jun 18, 2026 | 9,545 | - |
| Svindland Paul C. | A | Jun 18, 2026 | 9,545 | - |
| Gorjanc Christine Marie | A | Jun 18, 2026 | 9,545 | - |
| Stewart Shawn | F | Apr 29, 2026 | 4,136 | $21.51 |
| Pierson Jamie G. | A | Mar 16, 2026 | 5,732 | - |
| Stewart Shawn | A | Mar 16, 2026 | 18,692 | - |
| OSBORNE TIMOTHY R | F | Mar 15, 2026 | 483 | $16.05 |
| Hance Michael L | F | Mar 15, 2026 | 4,868 | $16.05 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.5B | $2.5B |
| Operating Income | - | -$1.1B | $36.4M |
| Net Income | $167.4M | -$817.0M | -$107.8M |
| Op. Margin | - | -43.0% | 1.5% |
| Net Margin | - | -33.0% | -4.3% |
| Balance Sheet | |||
| Total Assets | $3.0B | $2.8B | $2.7B |
| Equity | - | $201.7M | $113.3M |
| ROE | - | -405.0% | -95.1% |
| Per Share | |||
| EPS | $6.40 | $-30.63 | $-3.51 |
| Cash Flow | |||
| Operating CF | - | -$69.0M | $44.4M |
| CapEx | $30.7M | $37.1M | $29.1M |
Source: XBRL data in FORWARD AIR CORP (FWRD)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q1 2025Aggregate FWRD share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q1 2025 | 24 | $145.1M |
| Q4 2024 | 22 | $159.1M |
| Q3 2024 | 19 | $107.4M |
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- AQR Capital Management+654 (+7%)
- Renaissance Technologies LLC−62.9K (-32%)
- Citadel Advisors LLC−39.3K (-20%)
- State Street Corp−36.4K (-4%)
- D.E. Shaw & Co−34.4K (-31%)
- BNY Mellon−28.7K (-14%)
- Morgan Stanley+881.1K
- JPMorgan Chase & Co+534.4K
- Bank of America Corp+490.1K
- Goldman Sachs Group+329.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 65 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
FWRD filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| SC 13G | Aug 13, 2026 | - | - | |
| SC 13G | Aug 6, 2026 | - | - | |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| SC 13G | Jul 28, 2026 | - | - | |
| 8-K | Jul 21, 2026 | - | Analysis | - |
| 8-K | Jul 10, 2026 | - | Analysis | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 22, 2026 | - | - | - |
| 8-K | Jun 17, 2026 | - | Analysis | - |
| 10-Q | May 11, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 7, 2026 | - | Analysis | |
| 4 | May 1, 2026 | - | - | - |
| 8-K | Apr 29, 2026 | - | Analysis | - |
| 4 | Mar 17, 2026 | - | - | - |
| 4 | Mar 17, 2026 | - | - | - |
| 4 | Mar 17, 2026 | - | - | - |
| 4 | Mar 17, 2026 | - | - | - |
| 10-K | Mar 11, 2026 | Dec 31, 2025 | - | |
| 8-K | Feb 23, 2026 | - | Analysis | - |
| 4 | Feb 23, 2026 | - | - | - |
| 4 | Feb 17, 2026 | - | - | |
| 4 | Feb 17, 2026 | - | - | |
| 4 | Feb 11, 2026 | - | - |
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FWRD SEC filings: frequently asked questions
Which institutions hold FWRD stock?
As of March 31, 2025, the largest FORWARD AIR CORP (FWRD) holders among the 13F filers tracked by SignalX were Vanguard Group Inc ($41.2 million), State Street Corp ($19.4 million), Morgan Stanley ($17.7 million), JPMorgan Chase & Co ($10.7 million), Bank of America Corp ($9.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was FWRD's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), FORWARD AIR CORP (FWRD) reported revenue of $2.5 billion (up 0.8% from FY2024) and a net loss of $107.8 million. Diluted EPS was -$3.51. The figures come from the XBRL data in the 10-K.
What did FWRD report in its latest 8-K?
FORWARD AIR CORP (FWRD) filed an 8-K on August 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results released for the three months ended June 30, 2026.
What are the latest FWRD SEC filings?
FORWARD AIR CORP (FWRD) filed its latest 10-K annual report on March 11, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 5, 2026 and a Form 4 insider filing on June 22, 2026.
What is FWRD's SEC CIK number?
FORWARD AIR CORP (FWRD)'s SEC Central Index Key (CIK) is 912728. EDGAR lists every FWRD filing under that number.
Ask anything about FWRD
The research agent reads FWRD's filings, financials, insider trades and 13F holders, then answers with sources.