Forward Air Quarterly Cash Flow Statement
NASDAQ: FWRDIndustrialsIntegrated Freight & LogisticsUSD
15.64-0.68 (-4.17%)
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Forward Air free cash flow
In the quarter ended Jun 30, 2026, Forward Air generated -$4.9 million of operating cash flow and spent $3.2 million on capital expenditures. That left free cash flow of -$8.1 million, a free-cash-flow margin of -1.2% of revenue.
Summary generated from market data by MetaCap's automated system. Methodology
Forward Air cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -245.93M | -40.20M | -36.41M | -23.76M | -20.36M | -61.19M | -35.75M | -35.34M | -971.35M | -88.79M | 101.74M | 9.29M |
| Net Income growth (YoY) | — | — | — | — | — | — | -135.14% | -480.44% | -4968.66% | -344.15% | +136.93% | -82.18% |
| Depreciation & Amortization | 38.26M | 38.52M | 40.72M | 37.75M | 36.81M | 37.36M | 37.66M | 25.89M | 48.64M | 31.79M | 17.58M | 14.21M |
| Stock-Based Compensation | 491.00K | 3.54M | 2.38M | 3.38M | 4.71M | 2.96M | 2.10M | 2.90M | 3.62M | 1.57M | 2.92M | 2.77M |
| Change in Working Capital | -9.33M | 27.53M | -28.80M | 33.45M | -49.04M | 68.41M | -70.81M | 68.08M | -38.97M | 10.70M | 57.29M | 16.99M |
| Operating Cash Flow | -4.88M | 45.74M | -22.73M | 52.71M | -13.22M | 27.61M | -23.25M | 51.15M | -45.20M | -51.72M | 57.09M | 29.86M |
| Capital Expenditures | -3.21M | -6.95M | -8.35M | -4.12M | -4.74M | -11.91M | -7.25M | -10.41M | -14.43M | -4.97M | -8.64M | -5.84M |
| Investing Cash Flow | 6.65M | -5.52M | — | -3.85M | -3.88M | -11.24M | -15.71M | -9.47M | -13.95M | -1.57B | -8.18M | -5.74M |
| Dividends Paid | — | — | — | — | — | — | 0 | 0 | 0 | 0 | -6.20M | -6.20M |
| Share Repurchases | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | -14.02M |
| Financing Cash Flow | -3.54M | -4.91M | — | -3.66M | -4.62M | -5.33M | 5.56M | -6.44M | -4.23M | -158.73M | 1.88B | -23.56M |
| Net Change in Cash | — | — | -34.36M | 45.05M | -21.37M | 11.41M | -32.89M | 33.50M | -67.61M | -1.78B | 1.93B | 562.00K |
| Free Cash Flow | -8.10M | 38.79M | -31.08M | 48.60M | -17.96M | 15.71M | -30.50M | 40.74M | -59.63M | -56.69M | 48.45M | 24.02M |
This table shows 12 quarterly periods of Forward Air's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow FWRD's reporting calendar. What is a cash flow statement?