Every 10-Q that FreightCar America, Inc. (RAIL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RAIL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RAIL filings page.
FreightCar America reported lower results for the quarter ended June 30, 2026. Revenue was $113,138 thousand, down from $118,623 thousand a year earlier, and gross margin fell to 5.5%. The company recorded a net loss of $30,103 thousand versus prior-year net income of $11,679 thousand, driven by weaker Manufacturing segment profitability and a $24,889 thousand loss from remeasuring its warrant liability.
For the first six months of 2026, revenue was $177,446 thousand compared with $214,913 thousand and net income was $11,546 thousand versus $62,127 thousand. Manufacturing revenue declined while Aftermarket sales increased, aided by the Carly Railcar Components acquisition. Total railcar orders rose to 3,550 units and backlog grew to 3,972 units with an estimated sales value of $344 million, improving future visibility.
Liquidity remained solid, with cash, cash equivalents and restricted cash of 62,978 thousand and $24,468 of availability under a $35,000 asset-based revolver, alongside a $100,725 thousand term loan outstanding. A June 2026 partial warrant exercise issued 13,619,377 shares and helped move stockholders’ equity to $36,201 thousand from $(107,413) thousand at December 31, 2025.
FreightCar America reported first-quarter 2026 results showing lower sales but continued profitability. Revenue was $64.3 million, down from $96.3 million a year earlier, mainly because it delivered fewer railcars and at lower average prices. Manufacturing revenue fell to $53.0 million, while Aftermarket revenue grew to $11.4 million on stronger component sales.
Gross profit was $10.8 million with a gross margin of 16.8%, slightly higher than last year’s 14.9% despite lower volume. Net income was $41.6 million, driven largely by a $49.1 million non-cash gain from remeasuring a large warrant liability tied to its stock price. Operating activities used $4.3 million of cash as inventories and payables shifted, and cash ended at $52.8 million.
The company carries a $105.5 million term loan at about 9.7% interest and had roughly $31.3 million of availability under its asset-based revolver. Railcar order activity softened, with 709 net orders in the quarter versus 1,250 a year earlier, but backlog increased to 2,058 units, representing about $156 million of future sales.
FreightCar America (RAIL) reported Q3 2025 results. Revenue rose to $160.5M from $113.3M as unit deliveries increased, lifting gross profit to $24.2M and operating income to $14.6M. The quarter posted a net loss of $7.4M (basic EPS $(0.23)), primarily due to a $17.6M non-cash loss from remeasuring the warrant liability and higher interest expense.
Year-to-date, revenue was $375.4M (down from $421.7M), but net income reached $54.7M, reflecting a large tax benefit tied to the release of valuation allowances. Cash, cash equivalents and restricted cash were $62.7M at September 30, 2025, with an additional $22.1M available under the new $35.0M ABL. Term loan balance was $112.8M at a 10.3% rate. Backlog stood at 2,750 units valued at $222M. The company recorded a warrant liability of $148.7M and reported a stockholders’ deficit of $(90.9)M, improved from $(150.3)M at year-end.