30 /100
MEDIUM RISK
Score updated Jul 14, 2026

FWRD — Forward Air Corporation Dilution Risk Tracker

Track FWRD dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of July 14, 2026, Forward Air Corporation (FWRD) has a DilutionWatch DilutionScore of 30/100, rated MEDIUM dilution risk. Forward Air Corporation has a market capitalization of $334.59M, 31.63M shares outstanding, 4 institutional holders tracked. Key dilution vectors include approximately 999 months of cash runway.

Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.

📊 Score Breakdown

📋 Offering Ability
42
💰 Cash Runway
0
📊 Float Risk
30
⚠️ Warrant Exposure
40
🔄Convertible Debt

🌦️ Dilution Forecast

☀️
Clear
No significant dilution signals
0%
No significant dilution signals detected for FWRD.
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💹 Market Data

Market Cap$334.59M
Shares Outstanding31.63M
Float25.18M
Cash$141.02M
Debt$1.70B
Short InterestN/A

🏛 Institutional Holdings

4 institutional holders · 2.95M shares
#1 BARCLAYS PLC 2.91M shares
#2 INDEPENDENT FINANCIAL GROUP, LLC 34.0K shares
#3 FLAX POND CAPITAL, LLC 3.0K shares
+ 1 more holders Sign up free to view →

📉 Short Interest

Short Interest2.36M
Days to Cover1.5
% of Float9.3%
FINRA data as of Jun 30, 2026

📁 Recent SEC Activity

xbrl XBRL CONVERTIBLE Sep 30, 2024
4 INSIDER TRANSACTION Mar 17, 2026
4 INSIDER TRANSACTION Mar 17, 2026
4 INSIDER TRANSACTION Mar 17, 2026
4 INSIDER TRANSACTION Mar 17, 2026
Full SEC filing analysis available with free account

📰 Recent News

No recent news

📋 What This Means for FWRD Shareholders

Forward Air Corporation (FWRD) has a DilutionScore of 30/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 14, 2026.

DilutionWatch's EDGAR monitoring for FWRD shows no major active dilution programs at this time. The primary risk categories — shelf registration capacity, ATM programs, warrant overhang, and cash runway — are each within normal ranges for a company of this profile. This can change quickly if a new S-3 or Form S-1 is filed.

DilutionWatch tracks over 25 SEC filing types for FWRD in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for FWRD alongside comparable medium-risk stocks. Not financial advice — this analysis is for informational purposes only.

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