0001193125-26-098668
SEC filingFreightCar America, Inc. (RAIL) reported FY 2025 results with $501.0M in revenues, generating $73.2M in gross profit and $33.9M in operating income. The company recorded a net income of $38.1M, primarily driven by a $49.0M income tax benefit that offset a $10.9M loss before taxes. Key profitability metrics include a gross margin of 14.6% and an operating margin of 6.8%. The company generated $34.8M in operating cash flow, ending the year with $64.3M in cash and cash equivalents. However, the balance sheet shows significant liabilities including $168.5M in warrant liability and $97.5M in long-term debt, resulting in a stockholders' deficit of $107.4M. The company's financial position reflects ongoing challenges despite positive operating results.
FreightCar America, Inc. reported FY 2025 financial results with $501.0M in revenues and $73.2M in gross profit. The company achieved $33.9M in operating income, representing a 6.8% operating margin. Despite a $10.9M loss before income taxes, the company recorded net income of $38.1M due to a $49.0M income tax benefit. Basic and diluted earnings per share were both $1.00 based on 31.8M and 33.8M weighted average shares outstanding respectively. The company's cost structure included $427.8M in cost of sales and $39.3M in selling, general and administrative expenses. Other significant items included $17.6M in interest expense and a $32.2M loss on change in fair market value of Warrant Liability.
Revenue analysis is limited as the filing does not provide segment breakdowns, geographic mix, or specific growth drivers beyond the total revenue figure of $501.0M. The document does not disclose revenue by product line, customer type, or geographic region. No information is provided about revenue growth rates, market share, or specific business drivers that contributed to the $501.0M revenue figure. The absence of segment data prevents detailed analysis of revenue composition or performance across different business areas.
The company achieved a gross margin of 14.6% ($73.2M gross profit on $501.0M revenue). Operating margin was 6.8% ($33.9M operating income on $501.0M revenue). The cost structure shows $427.8M in cost of sales (85.4% of revenue) and $39.3M in selling, general and administrative expenses (7.8% of revenue). Profitability was significantly impacted by non-operating items including $17.6M interest expense and a $32.2M loss on change in fair market value of Warrant Liability. The $49.0M income tax benefit transformed a $10.9M pre-tax loss into $38.1M net income.
The company generated $34.8M in operating cash flow, with key adjustments including $6.2M depreciation and amortization, $32.2M loss on change in fair market value for Warrant liability, and a $51.9M deferred income tax benefit. Investing activities used $9.1M primarily for $6.3M acquisitions and $3.4M property purchases. Financing activities used $5.8M including $2.9M term loan repayments. The balance sheet shows $290.0M total assets including $160.0M current assets ($64.3M cash) and $31.0M property. Total liabilities are $397.5M including $168.5M warrant liability and $97.5M long-term debt, resulting in a $107.4M stockholders' deficit.
The filing does not provide specific management guidance, forward-looking statements, strategic priorities, or risk factors beyond the reported financial data. No information is disclosed about future revenue projections, capital expenditure plans, market expectations, or strategic initiatives. The document focuses exclusively on historical financial results without discussion of future outlook, growth strategies, or anticipated challenges. Investors should note the absence of forward-looking information in this filing.