Filing Flows › FreightCar America (RAIL) › Q1 2026
FreightCar America (RAIL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
FreightCar America (RAIL) reported revenue of $64.3M for the first quarter 2026 (Q1 2026), -33% from a year earlier and -49% from the quarter before. Operating margin was -0.9%, net earnings $41.6M (64.8% of revenue).
FreightCar America, Q1 2026: revenue $64.3M (-33% year over year), operating margin -0.9%, net earnings $41.6M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $64.3M | -49% | -33% |
| Operating profit | −$594K | -108% | -115% |
| Net earnings | $41.6M | — | -14% |
| Operating cash flow | −$4.3M | -143% | -134% |
What changed
Revenue was $64.3M in Q1 2026, down 33% year over year and down 49% from the previous quarter. Manufacturing Sales was the largest line at 82% of revenue. Manufacturing Sales lost $37.2M year over year (down 41%), 116% of the total change.
Gross margin was 16.8%, up 1.9 points from Q1 2025. Operating costs exceeded revenue by $594K, an operating margin of -0.9%. Operating expenses grew 8% against a revenue fall of 33%. Net earnings were $40.7M, down 16% year over year. The effective tax rate was 8.1%. Non-operating items added $45.9M, 101% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$4.3M. Non-cash charges added back $1.9M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $48.9M. Capital expenditures of $147K exceeded it, leaving free cash flow of −$4.5M.
Questions
What was FreightCar America's revenue in the first quarter 2026?
FreightCar America (RAIL) reported revenue of $64.3M for the first quarter 2026 (Q1 2026), -33% from a year earlier and -49% from the quarter before.
Was FreightCar America profitable in the first quarter 2026?
Operating loss was $594K (-0.9% of revenue) and net earnings $41.6M.
Source: FreightCar America 10-Q on SEC EDGAR.