FreightCar America, Inc.

Listed Company

RAILCIK 0001320854NasdaqAcceleratedSmaller ReportingRailroad EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$500.99M

Net Income

—

Total Assets

$290.05M

Equity

$-107.41M

Shares Out

19.14M

Op. Cash Flow

$34.78M

RAIL$7.50−32.00% · past yearDBEQ Basic

Daily closing prices

Business

FreightCar America, Inc. manufactures and supplies freight railcars and components for bulk commodities and containerized freight transportation. The company produces box cars, covered hoppers, gondolas, flat cars, and specialized products including VersaFlood hoppers and DynaStack intermodal cars. It also provides railcar rebody, repair, and conversion services along with parts supply. Primary customers include financial institutions and shippers across North America, with exports to Latin America and the Middle East.

Summary from 10-K filed 2026-03-09

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	501	559	358	365	203
Cost of sales	428	492	316	339	192
Gross profit	73	67	42	26	11
Selling, general and administrative expenses	39	33	27	28	28
Litigation settlement	0	−3	0	—	—
Operating income	34	37	10	−15	−23
Interest expense	−18	−7	−15	−25	−13
Loss on change in fair market value of Warrant Liability	−32	−100	−2	1	−15
Other income (expense)	5	−952,000	−440,000	2	817,000
Loss before income taxes	−11	−70	−22	−37	−40
Income tax (benefit) provision	−49	6	2	2	1
Net income (loss)	38	−76	−24	−39	−41
Net earnings (loss) per common share - basic	1.16	−3.12	−1.18	−1.56	−2
Net earnings (loss) per common share - diluted	1.09	−3.12	−1.18	−1.56	−2
Weighted average common shares outstanding - basic	32	31	28	25	21
Weighted average common shares outstanding - diluted	34	31	28	25	21

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash, cash equivalents and restricted cash equivalents	64	44	41	38	26
Accounts receivable, net of allowance for credit losses of $121 and $47, respectively	12	13	6	10	10
VAT receivable	6	4	3	5	31
Inventories, net	68	75	125	64	56
Assets held for sale	0	629,000	0	4	—
Prepaid expenses and other current assets	9	8	5	—	—
Total current assets	160	145	180	129	137
Property, plant and equipment, net	31	30	31	23	18
Right of use asset operating lease	40	2	3	2	17
Right of use asset finance lease	0	45	40	33	0
Intangibles, net	5	300,000	—	—	—
Deferred income taxes	53	1	—	—	—
Other long-term assets	947,000	250,000	2	2	9
Total assets	290	224	259	200	201
Accounts and contractual payables	56	50	84	48	41
Accrued payroll and other employee costs	7	6	6	4	3
Accrued warranty	2	2	2	2	3
Deferred revenue	539,000	9	6	219,000	—
Current portion of long-term debt	10	3	29	41	0
Lease liability Operating lease, Current	2	519,000	—	—	2
Lease liability finance lease, current	0	1	1	—	—
Other current liabilities	9	9	7	7	8
Total current liabilities	86	81	137	106	69
Long-term debt, net of current portion	98	106	0	51	79
Warrant liability	169	136	37	31	33
Accrued pension costs	1	1	1	1	35,000
Lease liability operating lease, long-term	43	3	3	2	17
Lease liability finance lease, long-term	0	47	41	33	0
Other long-term liabilities	1	1	3	4	3
Total liabilities	397	374	222	228	202
Preferred stock, $0.01 par value, 2,500,000 shares authorized (100,000 shares each designated as Series A voting and Series B non-voting, 0 shares issued and outstanding at December 31, 2025 and December 31, 2024)	0	0	0	0	0
Common stock, $0.01 par value, 50,000,000 shares authorized, 19,091,736 and 18,960,608 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	221,000	221,000	210,000	203,000	190,000
Additional paid in capital	73	69	94	89	84
Accumulated other comprehensive income	2	721,000	2	1	−6
Accumulated deficit	−183	−221	−143	−119	−80
Total stockholders' deficit	−107	−150	−46	−29	−2
Total liabilities and stockholders' deficit	290	224	259	200	201

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	6	6	5	4	4
Non-cash lease expense on right of use assets	3	3	3	2	1
Stock-based compensation recognized	4	3	1	2	3
Gain on bargain purchase	−2	0	—	—	—
Deferred income taxes	−52	0	—	—	—
Other non-cash items, net	4	548,000	138,000	20,000	529,000
Accounts receivable	1	−6	3	0	150,000
VAT receivable	−2	−784,000	1	25	25
Inventories	3	55	−61	−8	−12
Accounts and contractual payables	11	−38	40	8	8
Income taxes payable, net	−5	−359,000	245,000	—	—
Lease liability	−1	−4	−3	−3	−2
Other assets and liabilities	−5	3	7	−5	−6
Net cash flows provided by operating activities	35	45	5	12	−55
Acquisitions, net of cash acquired	−6	0	—	—	—
Purchase of property, plant and equipment	−3	−5	−13	−8	−2
Proceeds from sale of railcars available for lease, net of selling costs	585,000	0	8	0	433,000
Net cash flows used in investing activities	−9	−5	−4	−8	−2
Redemption of preferred shares	0	−85	0	—	—
Dividends paid	0	−28	0	—	—
Proceeds from issuance of long-term debt	0	115	0	0	16
Deferred financing costs	−1	−6	−353,000	0	−2
Borrowings on revolving line of credit	15	27	150	134	48
Repayments on revolving line of credit	−15	−56	−159	−125	−33
Repayments on term loan	−3	0	—	—	—
Employee stock settlement	−487,000	−40,000	−106,000	−57,000	−12,000
Financing lease payments	−1	−2	−1	−738,000	0
Net cash flows used in financing activities	−6	−36	2	8	29
Net increase in cash and cash equivalents	20	4	3	12	−28
Interest paid	14	5	5	9	7
Income taxes paid	8	6	—	—	—
Change in unpaid construction in process	13,000	−264,000	−438,000	715,000	122,000
Contingent consideration recognized in connection with acquisition	2	0	—	—	—

Filings

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Frequently asked questions

What is FreightCar America, Inc.'s CIK number?

FreightCar America, Inc.'s SEC CIK number is 0001320854 (1320854). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find FreightCar America, Inc.'s SEC filings?

All of FreightCar America, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did FreightCar America, Inc. last report earnings?

FreightCar America, Inc. (RAIL) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001320854-26-000009). This is FreightCar America, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is FreightCar America, Inc.'s most recent earnings 8-K?

FreightCar America, Inc.'s latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001320854-26-000009. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View FreightCar America, Inc.'s latest earnings 8-K →
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