What is Forward Air's net change in cash?

Forward Air (FWRD) reported net change in cash of $35.03M in Q1 2026.

How has Forward Air's net change in cash changed year-over-year?

Forward Air's net change in cash increased by 207.0% year-over-year, from $11.41M to $35.03M.

What is the long-term trend for Forward Air's net change in cash?

Over 2 years (2021 to 2024), Forward Air's net change in cash has grown at a 2429.8% compound annual growth rate (CAGR), from -$2.94M to -$1.88B.

What does net change in cash mean?

Total increase or decrease in cash during the period — the sum of operating, investing, financing cash flows plus FX effects.

Forward Air FWRD Net Change in Cash

Net Change in Cash at other companies

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-$1.21M+95.5%

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$5.12B—

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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:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectContinuingOperations.

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 net change in cash?: Forward Air (FWRD) reported net change in cash of $35.03M in Q1 2026.
How has Forward Air's net change in cash changed year-over-year?: Forward Air's net change in cash increased by 207.0% year-over-year, from $11.41M to $35.03M.
What is the long-term trend for Forward Air's net change in cash?: Over 2 years (2021 to 2024), Forward Air's net change in cash has grown at a 2429.8% compound annual growth rate (CAGR), from -$2.94M to -$1.88B.
What does net change in cash mean?: Total increase or decrease in cash during the period — the sum of operating, investing, financing cash flows plus FX effects.