Quarterly ResultAug 3, 2026, 04:24 PM
FreightCar America Q2 Net Loss $(30.1)M; Warrants Exercised Boost Equity
AI Summary
FreightCar America reported a net loss of $30.1 million for the second quarter of 2026, a significant decline from a net income of $11.7 million in the prior year. For the first six months of 2026, net income was $11.5 million, down from $62.1 million in the same period last year. The company's warrant liability dramatically decreased from $168.5 million at year-end 2025 to $14.0 million by June 30, 2026, largely due to the exercise of warrants totaling $130.3 million, which also shifted stockholders' equity from a deficit to a positive balance. Additionally, the company acquired Southern Parts & Equipment, Inc. in July 2026 to expand its aftermarket business.
Key Highlights
- Q2 2026 net loss was $(30.1)M, compared to $11.7M net income in Q2 2025.
- Q2 2026 revenues decreased to $113.1M from $118.6M in Q2 2025.
- H1 2026 net income was $11.5M, a decrease from $62.1M in H1 2025.
- Warrant liability significantly reduced to $14.0M from $168.5M at Dec 31, 2025.
- Exercise of warrants generated $130.3M in additional paid-in capital during H1 2026.
- Stockholders' equity improved to $36.2M from a $(107.4)M deficit at Dec 31, 2025.
- Net cash from operating activities was $7.8M in H1 2026, down from $21.3M in H1 2025.
- Acquired Southern Parts & Equipment, Inc. for $511K in July 2026.
Price Impact
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