Filing Flows › Forward Air (FWRD) › Free cash flow
Forward Air (FWRD) free cash flow by quarter
Forward Air's free cash flow was $40.2M in Q1 2026 (first quarter 2026), -18% from Q3 2025. Over the last 3 quarters it ranged from $16.4M (Q1 2025) to $48.9M (Q3 2025).
| Quarter | Free cash flow | Q/Q | Y/Y |
|---|---|---|---|
| Q1 2026 | $40.2M | -18% | +145% |
| Q3 2025 | $48.9M | +198% | — |
| Q1 2025 | $16.4M | — | — |
Q1 2026 at a glance
Forward Air, Q1 2026: revenue $582M (-5% year over year), operating margin 3.5%, net loss $40.2M, operating cash flow $45.7M. The chart follows the revenue to costs, profit and cash.
Questions
What is Forward Air's free cash flow?
Forward Air's free cash flow was $40.2M in Q1 2026 (first quarter 2026), -18% from Q3 2025.
How has Forward Air's free cash flow changed?
Over the last 3 quarters it ranged from $16.4M (Q1 2025) to $48.9M (Q3 2025).