Forward Air Q2 revenue hits record $673 million; $244 million goodwill charge drives loss
Forward Air reported second quarter 2026 consolidated operating revenue of $673 million, up from $619 million a year ago, and called it the best quarterly revenue in company history. The company also recorded a $244 million non-cash goodwill impairment tied to the Omni Logistics segment, which turned operating income into a $201 million operating loss and widened the net loss attributable to Forward Air to $207 million, or $6.38 per share, from $13 million, or $0.41 per share, a year earlier.
Key points
- Consolidated operating revenue was $673 million, compared with $619 million in the second quarter of 2025.
- Operating loss was $201 million, including a $244 million goodwill impairment charge related to Omni Logistics; operating income excluding the charge was $43 million, versus $20 million a year ago.
- Consolidated EBITDA was $93 million, compared with $79 million a year ago.
- Liquidity was $401 million at June 30, 2026, comprised of $139 million in cash and $261 million of credit facility availability.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.