)
Edge6 Mar 2026
Upvoted: The Story of Reddit
How Reddit built a unique platform around communities and conversation, turning human insight and intent into a distinctive business model.
Forward Air
Forward Air (FWRD) investor relations material
Forward Air Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary23 Feb, 2026
Executive summary
Achieved consolidated EBITDA of $307 million in 2025, with significant operational transformation, management overhaul, and integration of Omni Logistics, creating a diversified, scalable platform with 230+ facilities in 21 countries.
Unified U.S. domestic operations under the One Ground Network and expanded global reach with a new Latin America regional structure and strengthened Asia Pacific leadership.
Maintained strong liquidity of $367 million at year-end, including $106 million in cash and $261 million in revolver availability.
Focused on customer service, cost control, technology upgrades, and synergy capture to position for long-term growth.
Omni Logistics delivered its best quarter since acquisition, while Expedited Freight showed significant year-over-year improvement in Q4.
Financial highlights
Full-year 2025 consolidated EBITDA was $307 million, compared to $311 million in 2024; Q4 2025 consolidated EBITDA was $77 million, up from $72 million in Q4 2024.
Full-year revenue reached $2.50 billion, up from $2.47 billion in 2024; Q4 revenue was $631 million, nearly flat year-over-year.
Adjusted EBITDA improved $40 million year-over-year to $293 million, up from $253 million in 2024.
Cash from operating activities improved by $113 million year-over-year, generating $44 million in 2025 versus consuming $69 million in 2024.
Net loss attributable to shareholders for Q4 was $28 million, with a diluted loss per share of $0.91; full-year net loss per share was $3.51, a significant improvement from $30.63 in 2024.
Outlook and guidance
Strategic focus for 2026 is on profitable long-term growth through synergistic service expansion, leadership team enhancement, and operational efficiency.
Management expects continued margin improvement as cost savings and integration synergies are realized.
Expect volume declines in Expedited Freight to moderate as corrective pricing actions are lapped.
CapEx for 2026 expected to be slightly higher but similar as a percent of revenue compared to prior years.
Continued optimism for recovery as freight markets stabilize, with operating leverage expected to drive incremental margin gains.
Omni's GAAP income decline vs. strong EBITDA?
Expedited Freight margin drivers despite volume drop?
Intermodal segment strategy for market softness?
What drives Omni Logistics' strong margins?
Explain Expedited Freight operating leverage.
Detail 2025 cash flow inflection point.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Next Forward Air earnings date
Q1 20266 May, 2026
Forward Air
Next Forward Air earnings date
Q1 20266 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Forward Air Corporation provides asset-light transportation and logistics services, including expedited less-than-truckload, final mile delivery, intermodal drayage, and brokerage. The company serves retail, manufacturing, and e-commerce customers across North America. It is headquartered in Greeneville, Tennessee, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage