Here are the 10-K annual reports from Forward Air Corp (FWRD) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FWRD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FWRD filings page.
Forward Air Corporation outlines its 2025 annual report, highlighting a transformed, asset-light logistics platform built around three segments: Expedited Freight, Omni Logistics and Intermodal. Omni, acquired in 2024, now generates about 50% of consolidated revenue, with Expedited Freight at roughly 40% and Intermodal 10%.
The company describes a broad North American and international footprint, serving high-value, time‑sensitive freight with premium services and deep customer relationships. In January 2025, the Board launched a strategic review that may include a potential sale, merger or other transaction.
Forward Air details extensive risk factors, including cyclic freight demand, integration challenges from the Omni Acquisition, substantial indebtedness, labor and capacity constraints, IT and cybersecurity risks, regulatory exposure, and concentration among its largest customers. It also emphasizes ESG and safety programs, a 6,000+ employee workforce, and a large leased‑capacity provider network supporting its asset‑light model.