Forward Air Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2026

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, 2026 and 2025 is as follows:


	Three Months Ended
	March 31, 2026		March 31, 2025

Numerator:
Net loss	$	(40,198)	$	(61,191)
Less, net loss attributable to noncontrolling interest	(5,879)		(10,554)



Net loss attributable to Forward Air	$	(34,319)	$	(50,637)











Denominator:


Denominator for basic and diluted net loss per share - weighted-average number of common shares outstanding	31,476		30,193

Basic and diluted net loss per share attributable to Forward Air


Net loss per basic and diluted share1	$	(1.09)	$	(1.68)




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 months ended March 31, 2026 and 2025 are as follows:


	Three Months Ended
	March 31, 2026	March 31, 2025
Anti-dilutive stock options	25	247
Anti-dilutive performance shares	642	55
Anti-dilutive restricted shares and deferred stock units	784	293
Total anti-dilutive shares	1,451	595