Growth Metrics

Forward Air (FWRD) Cost of Revenue (2016 - 2026)

Forward Air filings provide 18 years of Cost of Revenue readings, the most recent being $55.6 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 884.12% to $55.6 million in Q1 2026 year-over-year; TTM through Mar 2026 was $148.9 million, a 26.35% decrease, with the full-year FY2025 number at $242.8 million, down 21.56% from a year prior.
  • Cost of Revenue hit $55.6 million in Q1 2026 for Forward Air, down from $83.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $175.6 million in Q4 2022 to a low of $5.0 million in Q3 2025.
  • Median Cost of Revenue over the past 5 years was $47.1 million (2022), compared with a mean of $49.9 million.
  • Biggest five-year swings in Cost of Revenue: crashed 97.0% in 2023 and later surged 1329.2% in 2024.
  • Forward Air's Cost of Revenue stood at $175.6 million in 2022, then crashed by 97.0% to $5.3 million in 2023, then surged by 1329.2% to $75.3 million in 2024, then grew by 10.22% to $83.0 million in 2025, then tumbled by 33.05% to $55.6 million in 2026.
  • The last three reported values for Cost of Revenue were $55.6 million (Q1 2026), $83.0 million (Q4 2025), and $5.0 million (Q3 2025) per Business Quant data.