Balance Sheet
Cash Flow Statement
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Income Statement
Consolidated Net IncomeDepreciation & Amortization - TotalEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest ExpensesNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxRevenueShares OutstandingShares Outstanding (Weighted Average)Tax ProvisionsTax RateWages, Salaries and Other
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Forward Air (FWRD) Operating Expenses (2016 - 2025)

Forward Air (FWRD) has disclosed Operating Expenses for 17 consecutive years, with $16.3 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 98.1% year-over-year to $16.3 million, compared with a TTM value of $1.2 billion through Dec 2025, down 64.82%, and an annual FY2025 reading of $1.2 billion, down 64.82% over the prior year.
  • Operating Expenses was $16.3 million for Q4 2025 at Forward Air, down from $316.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.7 billion in Q2 2024 and bottomed at -$246.6 million in Q3 2023.
  • Average Operating Expenses over 5 years is $412.9 million, with a median of $338.5 million recorded in 2022.
  • The sharpest move saw Operating Expenses soared 1540.93% in 2022, then tumbled 156.26% in 2023.
  • Year by year, Operating Expenses stood at $145.0 million in 2021, then surged by 137.6% to $344.6 million in 2022, then soared by 145.71% to $846.7 million in 2023, then rose by 1.31% to $857.8 million in 2024, then crashed by 98.1% to $16.3 million in 2025.
  • Business Quant data shows Operating Expenses for FWRD at $16.3 million in Q4 2025, $316.4 million in Q3 2025, and $303.3 million in Q2 2025.