Ranpak Reports 6.6% Increase in Q4 Net Revenue

By Chris Stiles • Thursday, March 05 11:13 • Permanent Link

Ranpak Holdings Corp. has reported its financial results for the fourth quarter and full year of 2025. In the fourth quarter of 2025, the company saw a 6.6% increase in net revenue to $111.9 million compared to the same period in the previous year. This growth was driven by a 2.2% increase in net revenue on a constant currency basis. However, the company reported a net loss of $9.5 million for the fourth quarter, compared to a net loss of $8.0 million for the same period in the prior year.

Adjusted EBITDA (AEBITDA) for the fourth quarter was $24.0 million, reflecting a 5.1% decrease year over year and a 10.3% decrease on a constant currency basis. The company also noted a 2.2% increase in packaging systems placement, with approximately 145.8 thousand machines placed as of December 31, 2025.

For the full year 2025, net revenue increased by 7.1% to $111.9 million compared to the previous year, with a 4.7% increase on a constant currency basis. However, the company reported a net loss of $38.3 million for the year, compared to a net loss of $21.5 million for the prior year period. AEBITDA for the full year was $79.2 million, reflecting a 5.5% decrease year over year and an 8.5% decrease on a constant currency basis.

Ranpak also highlighted its strong liquidity position, with a cash balance of $63.0 million and no borrowings on its $50.0 million revolving credit facility as of December 31, 2025. The company's USD-denominated first lien term facility had $405.9 million outstanding, which matures in December 2031.

Looking ahead to 2026, Ranpak forecasts net revenue growth in the range of 5.1% – 12.7% and AEBITDA growth of 5.4% – 19.9% compared to actual net revenue and AEBITDA for fiscal 2025. The company anticipates rapid growth in automation of approximately 30-50% and aims to deepen relationships with large enterprise accounts in North America.

Ranpak's performance in the fourth quarter and full year of 2025 reflects its efforts to navigate challenging environments while focusing on driving growth and improving its financial position. As a result of these announcements, the company's shares have moved -3.08% on the market, and are now trading at a price of $5.66. Check out the company's full 8-K submission here.

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