What is Forward Air's FX effect on cash?

Forward Air (FWRD) reported FX effect on cash of -$284K in Q1 2026.

How has Forward Air's FX effect on cash changed year-over-year?

Forward Air's FX effect on cash decreased by 179.6% year-over-year, from $357K to -$284K.

What does FX effect on cash mean?

The impact of exchange rate changes on the value of cash and equivalents held in foreign currencies.

Forward Air FWRD FX Effect on Cash

FX Effect on Cash at other companies

C.H. Robinson WorldwideCHRW

-$60K-104%

FedExFDX

$112M+918%

United Parcel Service, Inc.UPS

-$37M-193%

XPO

XPOXPO

-$2M-300%

RXORXO

$0-100%

Radiant LogisticsRLGT

-$85K-54.5%

Other financials

Income statement

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Revenue$582.0M-5.1%

Operating income$20.4M+329%

Net income-$34.3M+32.2%

EPS (diluted)-$1.09+35.1%

Balance sheet

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Cash & equivalents$141.0M+20.9%

Total debt$2.2B-0.1%

Total equity$81.0M-47.6%

Total assets$2.7B-3.9%

Cash flow

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Operating cash flow$45.7M+65.6%

CapEx$6.9M-41.7%

Free cash flow$38.8M+147%

Valuation

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Market cap$451.92M-33.0%

Enterprise value$2.46B-9.2%

P/S0.2×-0.1×

Profitability

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Gross margin48.7%—

Operating margin2.2%+1.1pp

Net margin-3.7%-1.7pp

FCF margin0.6%+0.3pp

Returns & leverage

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Return on equity-77.6%-25.2pp

Debt / equity26.5×+12.6×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by Forward Air in its filing.

Tagged under the XBRL concept us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents.

The official record: Forward Air’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Forward Air's FX effect on cash?: Forward Air (FWRD) reported FX effect on cash of -$284K in Q1 2026.
How has Forward Air's FX effect on cash changed year-over-year?: Forward Air's FX effect on cash decreased by 179.6% year-over-year, from $357K to -$284K.
What does FX effect on cash mean?: The impact of exchange rate changes on the value of cash and equivalents held in foreign currencies.