FreightCar America Inc
For the period ended Mar 31, 2025. Filed May 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 5, 2025
RAIL$4.24+2.2%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets (Unaudited) as ofMarch 31, 2025 and December 31, 2024
(In thousands, except for share data)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash, cash equivalents and restricted cash equivalents | $54,084 | $44,450 |
| Accounts receivable, net of allowance for credit losses of $151 and $47 respectively | 18,361 | 12,506 |
| VAT receivable | 8,769 | 3,851 |
| Inventories, net | 79,109 | 75,281 |
| Assets held for sale | 629 | 629 |
| Prepaid expenses and other current assets | 12,025 | 8,314 |
| Total current assets | 172,977 | 145,031 |
| Property, plant and equipment, net | 28,839 | 30,107 |
| Right of use asset operating lease | 2,312 | 2,423 |
| Right of use asset finance lease | 44,366 | 45,081 |
| Other long-term assets | 1,974 | 1,574 |
| Total assets | $250,468 | $224,216 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities | ||
| Accounts and contractual payables | $64,709 | $49,574 |
| Accrued payroll and other employee costs | 5,996 | 6,286 |
| Accrued warranty | 2,162 | 2,389 |
| Customer deposits | 17,611 | — |
| Deferred revenue | 3,402 | 8,556 |
| Current portion of long-term debt | 2,875 | 2,875 |
| Lease liability finance lease, current | 1,356 | 1,256 |
| Other current liabilities | 9,949 | 9,889 |
| Total current liabilities | 108,060 | 80,825 |
| Long-term debt, net of current portion | 105,302 | 105,540 |
| Warrant liability | 83,431 | 136,319 |
| Accrued pension costs | 1,138 | 1,073 |
| Lease liability operating lease, long-term | 2,506 | 2,645 |
| Lease liability finance lease, long-term | 46,291 | 46,678 |
| Other long-term liabilities | 1,139 | 1,409 |
| Total liabilities | 347,867 | 374,489 |
| Stockholders’ deficit | ||
| Preferred stock, $0.01 par value, 2,500,000 shares authorized (100,000 shares each designated as Series A voting and Series B non-voting, 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024) | — | — |
| Common stock, $0.01 par value, 50,000,000 shares authorized, 19,040,310 and 18,960,608 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 221 | 221 |
| Additional paid-in capital | 70,854 | 69,404 |
| Accumulated other comprehensive income | 1,697 | 721 |
| Accumulated deficit | (170,171) | (220,619) |
| Total stockholders’ deficit | (97,399) | (150,273) |
| Total liabilities and stockholders’ deficit | $250,468 | $224,216 |
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