Quarterly report [Sections 13 or 15(d)]

Net Loss Per Share (Tables)

v3.25.1
Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Net Loss 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 loss per share during the three months ended March 31, 2025 and 2024 is as follows:
  Three Months Ended
March 31, 2025 March 31, 2024
Numerator:    
Net loss
$ (61,191) $ (88,794)
Less, net loss attributable to noncontrolling interest (10,554) (27,082)
Net loss attributable to Forward Air
(50,637) (61,712)
Dividends allocated to Opco C-2 Preferred Units —  (11,867)
Numerator for basic and diluted net loss per share $ (50,637) $ (73,579)
Denominator:    
Denominator for basic and diluted net loss per share - weighted-average number of common shares outstanding 30,193  26,217 
Basic and diluted net loss per share attributable to Forward Air:
Net loss per basic and diluted share1
$ (1.68) $ (2.81)

1Rounding may impact summation of amounts.
Schedule of Antidilutive Securities Excluded from Computation of Loss Per Share
The number of shares that were not included in the calculation of net loss per diluted share because to do so would have been anti-dilutive for the three months ended March 31, 2025 and 2024 are as follows:
Three Months Ended
March 31, 2025 March 31, 2024
Anti-dilutive stock options 247  287 
Anti-dilutive performance shares 55  12 
Anti-dilutive restricted shares and deferred stock units 293  181 
Total anti-dilutive shares 595  480