Filing Flows › FreightCar America (RAIL) › Q3 2025
FreightCar America (RAIL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
FreightCar America (RAIL) reported revenue of $161M for the third quarter 2025 (Q3 2025), +42% from a year earlier and +35% from the quarter before. Operating margin was 9.1%, net loss $7.4M (4.6% of revenue).
FreightCar America, Q3 2025: revenue $161M (+42% year over year), operating margin 9.1%, net loss $7.4M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $161M | +35% | +42% |
| Operating profit | $14.6M | +89% | — |
| Net earnings | −$7.4M | -164% | — |
| Operating cash flow | $3.4M | -60% | -52% |
| Free cash flow | $2.2M | -72% | -61% |
What changed
Revenue was $160.5M in Q3 2025, up 42% year over year and up 35% from the previous quarter. Railcar Sales was the largest line at 96% of revenue. Railcar Sales added $44.9M year over year (up 41%), 95% of the total change.
Gross margin was 15.1%, up 0.8 points from a year earlier. Operating profit was $14.6M, a 9.1% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 8% margin then. Operating expenses grew 28% against revenue growth of 42%. The quarter ended with a net loss of $7.4M, after a profit of $11.7M the previous quarter. Net interest and other expense of $22.1M was the main reason.
Operating cash flow was $3.4M (down 52% year over year). Non-cash charges added back $1.6M of depreciation and amortization and $433K of share-based compensation. Working capital and other items added $8.9M. Capital expenditures of $1.2M left free cash flow of $2.2M.
Questions
What was FreightCar America's revenue in the third quarter 2025?
FreightCar America (RAIL) reported revenue of $161M for the third quarter 2025 (Q3 2025), +42% from a year earlier and +35% from the quarter before.
Was FreightCar America profitable in the third quarter 2025?
Operating profit was $14.6M (9.1% of revenue) and net loss $7.4M.
Source: FreightCar America 10-Q on SEC EDGAR.