FreightCar America Q2 FY26 turns to net loss of $30.1 million; revenue falls 4.6% year over year to $113.1 million
RAIL•Q2 results and margin pressure
FreightCar America posted Q2 net loss of $30.1 million, or $0.94 per share, versus a prior-year profit; revenue slipped 4.6% to $113.1 million.
Gross margin narrowed 9.5 percentage points to 5.5%, including $2.2 million of workforce realignment costs.
Operating loss was $4.3 million, swinging from operating income a year earlier; adjusted EBITDA fell to $1.2 million from $9.3 million.
Backlog, aftermarket revenue and outlook
Backlog more than doubled sequentially to 3,972 units valued at $344 million; aftermarket revenue rose 13% year over year.
FreightCar America cut its warrant liability to $14 million from $119.4 million as warrants were exercised; it forecast 2026 revenue of $410 million to $460 million.
