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Net Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Net Income 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 income per share during the three and nine months ended September 30, 2025 and 2024 is as follows:

			Three Months Ended												Nine Months Ended
			September 30, 2025						September 30, 2024						September 30, 2025						September 30, 2024
Numerator:
Loss from continuing operations			$	(23,757)					$	(34,198)					$	(105,312)					$	(1,089,463)
Less, net loss from continuing operations attributable to noncontrolling interest			(7,507)						38,073						(25,842)						(314,923)
Net loss available to Forward Air, before discontinuing operations			(16,250)						(72,271)						(79,470)						(774,540)
Less, loss from discontinued operations net of tax			—						(1,137)						—						(6,013)
Net loss attributable to Forward Air			$	(16,250)					$	(73,408)					$	(79,470)					$	(780,553)
Numerator for basic and diluted net loss per share for continuing operations			$	(16,250)					$	(73,101)					$	(79,470)					$	(775,347)
Numerator for basic and diluted net loss per share for discontinued operations			$	—					$	(1,137)					$	—					$	(6,013)
Denominator:
Denominator for basic and diluted net loss per share - weighted-average number of common shares outstanding			30,972						27,941						30,538						26,983
Basic and diluted net loss per share attributable to Forward Air
Continuing operations			$	(0.52)					$	(2.62)					$	(2.60)					$	(28.73)
Discontinued operation			—						(0.04)						—						(0.22)
Net loss per basic and diluted share1			$	(0.52)					$	(2.66)					$	(2.60)					$	(28.95)
1Rounding may impact summation of amounts.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The number of shares that were not included in the calculation of net income per diluted share because to do so would have been anti-dilutive for the three and nine months ended September 30, 2025 and 2024 are as follows:

			Three Months Ended												Nine Months Ended
			September 30, 2025						September 30, 2024						September 30, 2025						September 30, 2024
Anti-dilutive stock options			32						287						32						287
Anti-dilutive performance shares			104						7						93						13
Anti-dilutive restricted shares and deferred stock units			62						166						328						166
Total anti-dilutive shares			198						460						453						466

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- References

No definition available.

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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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