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Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Net Loss Per Share

A reconciliation of net loss attributable to Forward Air and weighted-average common shares outstanding for purposes of calculating basic and diluted net loss per share during the three months ended March 31, 2025 and 2024 is as follows:

			Three Months Ended
			March 31, 2025						March 31, 2024
Numerator:
Net loss			$	(61,191)					$	(88,794)
Less, net loss attributable to noncontrolling interest			(10,554)						(27,082)
Net loss attributable to Forward Air			(50,637)						(61,712)
Dividends allocated to Opco C-2 Preferred Units			—						(11,867)
Numerator for basic and diluted net loss per share			$	(50,637)					$	(73,579)
Denominator:
Denominator for basic and diluted net loss per share - weighted-average number of common shares outstanding			30,193						26,217
Basic and diluted net loss per share attributable to Forward Air:
Net loss per basic and diluted share1			$	(1.68)					$	(2.81)
1Rounding may impact summation of amounts.

Schedule of Antidilutive Securities Excluded from Computation of Loss Per Share

The number of shares that were not included in the calculation of net loss per diluted share because to do so would have been anti-dilutive for the three months ended March 31, 2025 and 2024 are as follows:

			Three Months Ended
			March 31, 2025						March 31, 2024
Anti-dilutive stock options			247						287
Anti-dilutive performance shares			55						12
Anti-dilutive restricted shares and deferred stock units			293						181
Total anti-dilutive shares			595						480

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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