Net Loss Per Share (Tables)

6 Months Ended

Jun. 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 six months ended June 30, 2025 and 2024 is as follows:

	Three Months Ended				Six Months Ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Numerator:
Net loss from continuing operations	$	(20,364)	$	(966,471)	$	(81,555)	$	(1,055,265)
Less, net loss from continuing operations attributable to noncontrolling interest	(7,781)		(325,914)		(18,335)		(352,996)
Net loss available to Forward Air, before discontinuing operations	(12,583)		(640,557)		(63,220)		(702,269)
Add, loss from discontinued operations net of tax	—		(4,876)		—		(4,876)
Net loss attributable to Forward Air	$	(12,583)	$	(645,433)	$	(63,220)	$	(707,145)
Numerator for basic and diluted net loss per share for continuing operations	$	(12,583)	$	(624,201)	$	(63,220)	$	(729,919)
Numerator for basic and diluted net loss per share for discontinued operations	$	—	$	(4,876)	$	—	$	(4,876)
Denominator:
Denominator for basic and diluted net loss per share - weighted-average number of common shares outstanding	30,429		26,803		30,319		26,513
Basic and diluted net loss per share attributable to Forward Air
Continuing operations	$	(0.41)	$	(23.29)	$	(2.09)	$	(27.53)
Discontinued operation	—		(0.18)		—		(0.18)
Net loss per basic and diluted share1	$	(0.41)	$	(23.47)	$	(2.09)	$	(27.71)
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 six months ended June 30, 2025 and 2024 are as follows:

	Three Months Ended		Six Months Ended
	June 30, 2025	June 30, 2024	June 30, 2025	June 30, 2024
Anti-dilutive stock options	32	285	32	285
Anti-dilutive performance shares	113	89	83	13
Anti-dilutive restricted shares and deferred stock units	496	428	319	168
Total anti-dilutive shares	641	802	434	466