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Get filing alertsStanding Risk Factors
- Goodwill Impairment (unchanged) — Omni Logistics segment recorded $244M non-cash goodwill impairment charge, reducing goodwill to zero, driven by anticipated customer contract transition and sustained stock price decline.
FWRD: revenue $673.0M, net income -$207.3M. FWRD swings to operating loss on goodwill impairment as major customer exits
Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~2 min read
Key Changes
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high
Largest customer (12% of Q2 revenue) transitioning half its $250M annual business to other suppliers starting December 2026; company expects to retain 50-75% under non-binding MOU, but definitive agreement still being negotiated.
Risk Factors / Notes: Customer Concentration verify on EDGAR → -
high
Notes: Goodwill Impairment verify on EDGAR →
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high
Strategic review initiated January 2025 concluded without actionable sale proposals; Board shifted to selling non-core assets including Intermodal segment and two Omni business units (one sold Q2 2026, one July 2026 for ~$16.5M).
Risk Factors / MD&A: Strategic Review verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 6, 2026 · How we verify