FreightCar America (RAIL) reported second-quarter 2026 revenue of $113.1 million, compared with $118.6 million a year earlier, as railcar deliveries totaled 927 units versus 939 units in the prior-year period.
The company posted a net loss of $30.1 million, or $0.94 per diluted share, including a $24.9 million non-cash loss tied to warrant liability accounting. Backlog ended the quarter at 3,972 units valued at $344 million.
- Second-quarter gross profit was $6.2 million, with gross margin of 5.5%.
- Aftermarket revenue grew 13% year over year.
- Operating cash flow was $12.1 million, and free cash flow was $11.3 million.
- The company updated its fiscal 2026 outlook to 3,500 to 3,900 railcar deliveries and revenue of $410 million to $460 million.
- FreightCar America said it completed its second aftermarket acquisition after quarter-end.
$RAIL Hedge Fund Activity
We have seen 43 institutional investors add shares of $RAIL stock to their portfolio, and 30 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NWAM LLC added 320,625 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,122,887
- PENN CAPITAL MANAGEMENT COMPANY, LLC added 194,684 shares (+134.7%) to their portfolio in Q2 2026, for an estimated $1,896,222
- JANE STREET GROUP, LLC removed 156,880 shares (-91.5%) from their portfolio in Q1 2026, for an estimated $1,250,333
- ACADIAN ASSET MANAGEMENT LLC added 130,748 shares (+75.8%) to their portfolio in Q1 2026, for an estimated $1,042,061
- WALLEYE CAPITAL LLC removed 127,506 shares (-74.6%) from their portfolio in Q1 2026, for an estimated $1,016,222
- CITADEL ADVISORS LLC removed 120,797 shares (-63.0%) from their portfolio in Q1 2026, for an estimated $962,752
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 118,837 shares (-34.0%) from their portfolio in Q1 2026, for an estimated $947,130
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
