What does impairment of abandoned software project costs mean?

This represents the write-down of capitalized costs associated with internal software development projects that have been discontinued or deemed non-viable. It serves as an indicator of capital allocation efficiency regarding technology investments. High or frequent charges in this category may suggest poor project oversight or ineffective digital transformation strategies.

Forward Air FWRD Impairment of abandoned software project costs

Impairment of abandoned software project costs at other companies

OmnicellOMCL

$149.75K—

Henry ScheinHSIC

$0-100%

Take-Two Interactive SoftwareTTWO

$129.9M-14.9%

BankUnitedBKU

$3.8M—

Grid Dynamics Holdings, Inc.GDYN

$0—

Kyverna Therapeutics, Inc.KYTX

$0-100%

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 fwrd:ImpairmentOfAbandonedSoftwareProjectCosts.

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

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Questions, answered.

What is Forward Air's impairment of abandoned software project costs?: Forward Air (FWRD) reported impairment of abandoned software project costs of $4.94M in Q4 2025.
What does impairment of abandoned software project costs mean?: This represents the write-down of capitalized costs associated with internal software development projects that have been discontinued or deemed non-viable. It serves as an indicator of capital allocation efficiency regarding technology investments. High or frequent charges in this category may suggest poor project oversight or ineffective digital transformation strategies.