Ranpak Holdings (PACK) Financial Statements & Analysis

Ranpak Holdings (PACK) Income Statement

Ranpak Holdings reported revenue of $395.00M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 7.1% from $368.90M a year earlier. Ranpak Holdings posted a net loss of $38.30M, compared with a net loss of $21.50M a year earlier. Gross margin was 33.1% and operating margin -6.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $86.40M, down 6.4% from the same quarter a year earlier.

Ranpak Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Ranpak Holdings Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	395.00	368.90	336.30	326.50	383.90	298.20	269.50	267.90	244.10
Cost of Revenue	264.30	229.10	213.00	226.90	235.00	175.60	158.60	196.50	131.70
Gross Profit	130.70	139.80	123.30	99.60	148.90	122.60	110.90	71.40	112.40
Operating Expenses
Research & Development	4.10	4.40	3.70	3.60	1.70	2.30	2.10	2.40	0.00
Selling, General & Administrative	114.50	111.90	99.00	105.50	98.30	72.50	61.50	53.20	46.30
Operating Expenses	155.00	152.60	130.80	142.10	136.70	106.00	108.70	3.73	80.80
Operating Income	-24.30	-12.80	-7.50	-42.50	12.20	16.60	2.20	-3.73	31.20
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.12	0.00
Interest Expense	34.30	28.60	-24.30	20.70	22.40	-30.20	47.50	36.02	30.70
Other Income/Expense	11.10	17.70	-24.20	6.50	5.30	-2.20	-46.00	-26.70	-44.90
Income
Income Before Tax	-47.50	-23.70	-31.30	-56.70	-4.90	-24.60	-43.80	1.39	-13.70
Income Tax Expense	-9.20	-2.20	-4.20	-15.30	-2.10	-1.20	-7.60	-5.12	-41.40
Net Income	-38.30	-21.50	-27.10	-41.40	-2.80	-23.40	-36.20	1.39	27.70
Net Income - Continuous Operations	-38.30	-21.50	-27.10	-41.40	-2.80	-23.40	-36.20	1.39	27.70
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	53.50	70.20	56.30	33.00	91.10	79.30	68.20	80.60	104.50
EBIT	-13.20	4.90	-13.30	-36.00	17.50	16.60	-	-	-
Depreciation & Amortization	36.00	35.10	69.60	32.10	35.00	62.70	58.30	64.50	61.10
Earnings Per Share
Basic EPS	-	-	-	-1.00	-	-	-1.00	-	1.00
Diluted EPS	-	-	-	-1.00	-	-	-1.00	-	1.00
Basic Shares Outstanding	84.18	83.06	82.37	81.88	78.54	72.43	70.81	41.25	41.25
Diluted Shares Outstanding	84.18	83.06	82.37	81.88	78.54	72.43	70.81	41.25	41.25

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ranpak Holdings Financial Statements

What was Ranpak Holdings's revenue in fiscal 2025?

Ranpak Holdings reported revenue of $395.00M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 7.1% from $368.90M a year earlier.

Is Ranpak Holdings profitable?

No. Ranpak Holdings reported a net loss of $38.30M in fiscal 2025. In fiscal 2024 it lost $21.50M.

What is Ranpak Holdings's operating margin?

Ranpak Holdings's operating income was −$24.30M on revenue of $395.00M in fiscal 2025, an operating margin of -6.2%, compared with -3.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition