Companies / Forward Air Corp

Forward Air Corp

Nasdaq: FWRDCIK 912728DALLAS, TX

Financials · FY2025

Revenue$2.50B
Net income$-141.72M
Total debt$1.69B
Cash$139.45M
Diluted EPS$-3.51
Shares outstanding33.8M

Ownership

33.8M shares outstanding · as of Jul 29, 2026
9.2%10%+ / strategic
Ownership
10%+ / strategic9.23%3,116,546
Institutions84.07%28,398,364
Public float6.71%2,265,952

% of common shares outstanding (exact, from the latest cover-page filing). Institutions are quarterly 13F snapshots; insiders reflect current officers & directors.

Insiders 11

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Insider% of sharesShares
Cetus Capital VI, L.P.10% owner
9.23%3,116,546
Stewart ShawnCEOFormerChief Executive Officer · Director
0.44%148,166
Pierson Jamie G.FormerCFO
0.27%91,884
Hance Michael LFormerCLO and Secretary
0.27%90,486
Osborne Timothy RFormerExecutive VP of Operations
0.07%23,831
Gorjanc Christine MarieFormerDirector
0.07%22,940
LORRAIN Jerome Jean-PierreFormerExecutive Chairman · Director
0.07%22,167
Brandt Eric FrederickFormerChief Commercial Officer
0.05%15,970
Smith Douglas JamesFormerChief People Officer
0.04%13,294
Herren Jessica LFormerChief Supply Chain Officer
0.03%10,599

Institutional holders 205

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HolderValue% of shares
Clearlake Capital Group, L.P.$95.63M11.32%
Vanguard Group Inc$58.56M6.93%
BlackRock, Inc.$37.48M8.21%
Irenic Capital Management LP$30.75M3.64%
Paralel Advisors LLC$24.38M2.89%
Fmr LLC$24.05M2.85%
Melqart Asset Management (UK) Ltd$21.25M2.52%
CIBC World Market Inc.$19.62M2.32%
Private Management Group Inc$19.31M3.42%
UBS Group AG$12.30M1.46%

Activity

Jun 30, 2026View all →
InsidersInstitutions
Who's accumulating and trimming this stock (13F).
DateActorActionSecurityValueShares ΔPosition afterImpact
Q1 2026
as of
Littlejohn & Co LLC
13F manager
TrimCommon Stock$-28.29M-1.7M
-69.78%
733,261
2.17% of shares
medium
Q2 2026
as of
BlackRock, Inc.
13F manager
TrimCommon Stock$-8.46M-626K
-18.41%
2,774,600
8.21% of shares
medium
Q2 2026
as of
State Street Corporation
13F manager
TrimCommon Stock$-5.00M-370K
-38.95%
579,828
1.72% of shares
low
Q4 2023
as of
Barclays PLC
13F manager
Add—$4.55M+72K
+502.86%
86,775
0.26% of shares
low
Q2 2026
as of
Deutsche Bank AG
13F manager
AddCommon Stock$4.49M+332K
+117.83%
613,841
1.82% of shares
low
Q1 2026
as of
Private Management Group Inc
13F manager
AddCommon Stock$3.79M+227K
+24.40%
1,155,405
3.42% of shares
low
Q1 2026
as of
Renaissance Technologies LLC
13F manager
NewCommon Stock$3.53M+212K
211,539
0.63% of shares
low
Q1 2024
as of
Barclays PLC
13F manager
Add—$3.49M+112K
+129.15%
198,849
0.59% of shares
low

5%+ ownership events

Schedule 13D / 13G
FilerStance% of classSharesDate
Vanguard Group IncPassive13G/A—0—

Securities

via CUSIP / OpenFIGI
SymbolTypeMarketCUSIPFIGI
FWRDCommon StockEquity34986A104BBG000BRCHB4
FWRD——349853101—