FreightCar America, Inc. filed a Form 10-Q with the U.S. Securities and Exchange Commission covering the quarterly period ended September 30, 2026, reporting condensed consolidated financial statements and related disclosures.

Key Highlights

  • Quarterly net income: The company reported net income of $8 thousand for the three months ended September 30, 2026, compared to a net loss of $7,445 thousand in the same period of 2025.
  • Nine-month net income: For the nine months ended September 30, 2026, net income was $11,554 thousand, versus $54,682 thousand for the same period of 2025.
  • Revenue decline: Revenues for the third quarter of 2026 were $76,488 thousand, down from $160,511 thousand in the third quarter of 2025.
  • Warrant liability reduction: The warrant liability fell to $9,306 thousand as of September 30, 2026, from $168,529 thousand as of December 31, 2025.
  • Stockholders' equity shift: Total stockholders' equity was $36,329 thousand as of September 30, 2026, compared to a deficit of $(107,413) thousand as of December 31, 2025.
  • Shares outstanding: As of November 4, 2026, there were 32,794,790 shares of common stock outstanding.

FreightCar America's Third-Quarter 2026 Financial Position and Operating Results

FreightCar America, Inc. (NASDAQ:RAIL), a manufacturer of railroad freight cars, reported a significant contraction in quarterly revenues for the period ended September 30, 2026. According to the filing, revenues were $76,488 thousand for the three months ended September 30, 2026, compared to $160,511 thousand for the same quarter in 2025. Cost of sales for the quarter was $69,792 thousand, yielding gross profit of $6,696 thousand, down from $24,205 thousand in Q3 2025. Selling, general and administrative expenses were $9,752 thousand, resulting in an operating loss of $(3,056) thousand for the quarter.

Despite the operating loss, the company reported net income of $8 thousand for Q3 2026, which the filing attributes in part to a gain in fair market value of warrant liability of $4,671 thousand and an income tax benefit of $(1,583) thousand. For the nine-month period ended September 30, 2026, revenues were $253,934 thousand, with net income of $11,554 thousand. Basic earnings per share for the nine-month period were $0.35 and diluted earnings per share were $0.32, according to the filing.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $328,988 thousand and total liabilities of $292,659 thousand. The company disclosed cash, cash equivalents and restricted cash equivalents of $86,759 thousand, up from $64,295 thousand at December 31, 2025. The warrant liability decreased materially from $168,529 thousand at December 31, 2025 to $9,306 thousand at September 30, 2026, contributing to the shift in stockholders' equity from a deficit of $(107,413) thousand to a positive balance of $36,329 thousand over the same period. Common shares issued and outstanding grew from 19,091,736 at December 31, 2025 to 32,793,390 at September 30, 2026, reflecting changes disclosed in the stockholders' equity statements.

What Was Disclosed

FreightCar America filed its quarterly report covering the period ended September 30, 2026, disclosing condensed consolidated balance sheets, income statements, statements of comprehensive income, stockholders' equity changes, and cash flow data. Total assets stood at $328,988 thousand and accumulated deficit was $(170,961) thousand as of the period end.