---
schema_version: "secwatch.filing_event.v1"
accession: "0001320854-26-000009"
form_type: "8-K"
ticker: "RAIL"
cik: "0001320854"
company_name: "FreightCar America, Inc."
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-14T23:50:45.330472+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FreightCar America Q1 revenue $64.3M down 33% YoY; maintains FY2026 outlook

## Summary
- Revenues of $64.3M (down from $96.3M) on 577 railcar deliveries; gross margin expanded 190bps to 16.8%.
- Adjusted net loss of $479K ($0.04/share); Adjusted EBITDA $3.2M vs $6.4M in prior year quarter.
- Backlog grew 14% sequentially to 2,058 units valued at $156M; aftermarket revenue up 86%.
- Non-cash warrant liability adjustments of $49.1M drove GAAP net income of $41.6M ($1.15/share).
- FY2026 outlook reaffirmed: 4,000-4,500 deliveries, $500-550M revenue, $41-50M Adj EBITDA.

## SEC filing metadata
- accession: 0001320854-26-000009
- form_type: 8-K
- ticker: RAIL
- cik: 0001320854
- company_name: FreightCar America, Inc.
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320854/000132085426000009/0001320854-26-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320854/000132085426000009/rail-20260504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001320854-26-000009
- JSON: https://secwatch.observer/filing/0001320854-26-000009.json
- Plain text: https://secwatch.observer/filing/0001320854-26-000009.txt

## Key facts
- Earnings Releases
  FreightCar America, Inc. reported the first quarter ended March 31, 2026 results: revenue $64.3 million, net income $41.6 million, EPS $1.15 per share. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2026
  - Revenue: $64.3 million
  - Net income: $41.6 million
  - EPS: $1.15 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: supplier of railroad freight cars, railcar parts and components, today reported results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights • Revenues of $64.3 million, consistent with expectations, compared to $96.3 million in the first quarter of 2025, with railcar deliveries of 577 units compared to 710 units in the prior year period • Gross
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320854/000132085426000009/0001320854-26-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.