Financial Statements — FWRD
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.14 | 0.14 | 0.10 | 0.12 | 0.14 | 0.08 | 0.15 | 0.02 | 0.02 | 0.03 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.02 |
| Accounts Receivable | 0.33 | 0.34 | 0.34 | 0.34 | 0.36 | 0.37 | 0.35 | 0.19 | 0.18 | 0.20 | 0.25 | 0.25 | 0.24 | 0.21 | 0.21 | 0.19 |
| Total Current Assets | 0.54 | 0.55 | 0.47 | 0.49 | 0.55 | 0.56 | 0.57 | 0.24 | 0.22 | 0.26 | 0.31 | 0.32 | 0.33 | 0.29 | 0.30 | 0.25 |
| Property, Plant & Equipment | 0.29 | 0.31 | 0.32 | 0.33 | 0.32 | 0.33 | 0.33 | 0.26 | 0.26 | 0.25 | 0.23 | 0.23 | 0.22 | 0.20 | 0.19 | 0.19 |
| Goodwill | 0.52 | 0.52 | 0.52 | 0.52 | 0.72 | 0.55 | 1.38 | 0.36 | 0.36 | 0.36 | 0.29 | 0.29 | 0.27 | 0.25 | 0.25 | 0.25 |
| Intangible Assets | 0.88 | 0.93 | 0.95 | 0.98 | 1.03 | 1.23 | 1.26 | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 | 0.15 | 0.14 | 0.15 | 0.15 |
| Total Non-current Assets* | 2.15 | 2.24 | 2.29 | 2.31 | 2.51 | 2.51 | 3.39 | 0.95 | 0.97 | 0.97 | 0.87 | 0.88 | 0.84 | 0.78 | 0.78 | 0.77 |
| Total Assets | 2.70 | 2.79 | 2.76 | 2.80 | 3.06 | 3.07 | 3.96 | 1.19 | 1.18 | 1.23 | 1.19 | 1.20 | 1.17 | 1.07 | 1.08 | 1.02 |
| Accounts Payable | 0.10 | 0.12 | 0.12 | 0.11 | 0.16 | 0.14 | 0.13 | 0.05 | 0.04 | 0.04 | 0.05 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Total Current Liabilities | 0.44 | 0.46 | 0.40 | 0.44 | 0.45 | 0.42 | 0.44 | 0.19 | 0.17 | 0.17 | 0.18 | 0.17 | 0.19 | 0.16 | 0.17 | 0.17 |
| Long-term Debt | 1.69 | 1.68 | 1.68 | 1.68 | 1.67 | 1.68 | 1.68 | 0.12 | 0.12 | 0.15 | 0.11 | 0.15 | 0.16 | 0.16 | 0.16 | 0.12 |
| Total Non-current Liabilities* | 2.17 | 2.19 | 2.21 | 2.21 | 2.38 | 2.36 | 2.59 | 0.33 | 0.34 | 0.38 | 0.32 | 0.37 | 0.37 | 0.36 | 0.36 | 0.30 |
| Total Liabilities* | 2.61 | 2.65 | 2.61 | 2.65 | 2.83 | 2.78 | 3.03 | 0.52 | 0.51 | 0.54 | 0.50 | 0.53 | 0.56 | 0.51 | 0.53 | 0.47 |
| Retained Earnings | (0.48) | (0.42) | (0.40) | (0.39) | (0.30) | (0.23) | 0.42 | 0.38 | 0.40 | 0.41 | 0.41 | 0.40 | 0.35 | 0.30 | 0.30 | 0.30 |
| Total Stockholder Equity | 0.08 | 0.14 | 0.15 | 0.15 | 0.23 | 0.28 | 0.93 | 0.67 | 0.67 | 0.69 | 0.68 | 0.66 | 0.61 | 0.56 | 0.55 | 0.54 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 0.58 | 0.63 | 0.63 | 0.62 | 0.61 | 0.63 | 0.66 | 0.64 | 0.54 | 0.13 | 0.41 | 0.40 | 0.43 | 0.48 | 0.51 | 0.52 | 0.47 | 0.46 | 0.42 | 0.42 |
| Operating Income | 0.02 | -0.00 | 0.02 | 0.02 | 0.00 | 0.08 | 0.02 | (1.10) | (0.07) | (0.01) | 0.02 | 0.03 | 0.05 | 0.06 | 0.07 | 0.08 | 0.06 | 0.05 | 0.04 | 0.04 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 | 0.02 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Pretax Income | (0.04) | (0.05) | (0.02) | (0.04) | (0.04) | 0.03 | (0.03) | (1.14) | (0.11) | (0.03) | 0.01 | 0.03 | 0.05 | 0.06 | 0.07 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 |
| Tax Provision | 0.00 | (0.01) | 0.00 | (0.02) | 0.02 | 0.07 | 0.00 | (0.17) | (0.02) | (0.01) | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Net Income | (0.03) | (0.03) | (0.02) | (0.01) | (0.05) | (0.04) | (0.07) | (0.65) | (0.06) | 0.10 | 0.01 | 0.02 | 0.04 | 0.04 | 0.05 | 0.06 | 0.04 | 0.04 | 0.02 | 0.03 |
| Basic EPS | (1.09) | (0.90) | (0.52) | (0.41) | (1.68) | (1.69) | (2.66) | (23.47) | (2.81) | 3.93 | 0.36 | 0.76 | 1.37 | 1.61 | 1.94 | 2.05 | 1.57 | 1.49 | 0.86 | 1.12 |
| Diluted EPS | (1.09) | (0.90) | (0.52) | (0.41) | (1.68) | (1.69) | (2.66) | (23.47) | (2.81) | 3.91 | 0.36 | 0.76 | 1.37 | 1.60 | 1.93 | 2.04 | 1.57 | 1.48 | 0.86 | 1.11 |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 45.74 | (22.73) | 52.71 | 14.40 | 27.62 | (23.24) | 24.67 | 56.62 | (51.72) | -- | 29.87 | 50.33 | 65.99 | 62.28 | 83.99 | 50.33 | 62.49 | 42.14 | 43.09 | 22.75 |
| Capital Expenditures | 6.95 | 8.35 | 4.12 | 4.74 | 11.91 | 7.25 | 10.41 | 14.43 | 4.97 | 7.31 | 5.84 | 10.79 | 6.79 | 15.33 | 25.40 | 18.67 | 9.91 | 16.09 | 14.44 | 5.88 |
| Free Cash Flow* | 38.79 | (31.08) | 48.60 | 9.65 | 15.71 | (30.49) | 14.25 | 42.19 | (56.69) | -- | 24.02 | 39.55 | 59.20 | 46.95 | 58.59 | 31.66 | 52.58 | 26.05 | 28.65 | 16.87 |
| Investing Cash Flow | (5.52) | -- | (3.85) | (3.88) | (11.24) | -- | -- | -- | -- | -- | (5.74) | (9.57) | (61.54) | -- | -- | -- | -- | -- | -- | -- |
| Financing Cash Flow | (4.91) | -- | (3.66) | (4.62) | (5.32) | -- | -- | -- | -- | -- | (23.56) | (67.75) | (18.25) | -- | -- | -- | -- | -- | -- | -- |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 | Q3
2020 | Q2
2020 | Q1
2020 | Q4
2019 |
|---|
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.24 | 0.24 | 0.24 | 0.24 | 0.21 | 0.24 | 0.24 | 0.24 | 0.12 | 0.21 | 0.21 | 0.21 | 0.18 | 0.18 | 0.18 | 0.18 |
