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Forward Air FWRD Stock Issuance Proceeds

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Other financials

Income statement

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Revenue$673.0M+8.8%
Operating income-$201.3M-1,131%
Net income-$207.3M-1,547%
EPS (diluted)-$6.38-1,456%

Balance sheet

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Cash & equivalents$139.4M+46.3%
Total debt$2.1B-2.4%
Total equity-$115.4M-176%
Total assets$2.4B-12.7%

Cash flow

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Operating cash flow$45.7M+65.6%
CapEx$3.2M-32.3%
Free cash flow$38.8M+147%

Valuation

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Market cap$601.3M-33.9%
Enterprise value$2.57B-13.6%
P/S0.2×-0.1×

Profitability

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Gross margin48.7%
Operating margin-6.6%-8.5pp
Net margin-11.4%+21.6pp
FCF margin0.6%+0.3pp

Returns & leverage

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Return on equity-77.6%-25.2pp
Debt / equity26.5×+12.6×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by Forward Air in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromIssuanceOfCommonStock.

The source filing: Forward Air’s 10-K, filed March 11, 2026.

Filed
Mar 11, 2026, 4:01 PM EDT
Fiscal year
FY2025
Accession
0001628280-26-016793
Line itemYear Ended / December 31, 2025Year Ended / December 31, 2024Year Ended / December 31, 2023
Payment of earn-out liability(12,247)
Payments of dividends to shareholders(24,995)
Repurchases and retirement of common stock(93,811)
Proceeds from common stock issued under employee stock purchase plan846753800
Payment of minimum tax withholdings on share-based awards(1,074)(1,442)(4,340)
Contributions from subsidiary held for sale240,572
Net cash provided by (used in) financing activities of continuing operations(17,533)(163,832)1,790,726
Effect of exchange rate changes on cash7911,013

Item 8, Item 15(a)(1) and (2), (a)(3), (b) and (c)

FAQ

What is Forward Air's stock issuance proceeds?
Forward Air (FWRD) reported stock issuance proceeds of $412K in Q4 2025.
How has Forward Air's stock issuance proceeds changed year-over-year?
Forward Air's stock issuance proceeds increased by 3.5% year-over-year, from $398K to $412K.
What is the long-term trend for Forward Air's stock issuance proceeds?
Over 2 years (2022 to 2024), Forward Air's stock issuance proceeds has grown at a 10.9% compound annual growth rate (CAGR), from $783K to $962.75K.
What does stock issuance proceeds mean?
Cash received from issuing common stock — IPOs, secondary offerings, DRIP, employee stock purchase plans, and option exercises.

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