Filing Flows › Ranpak Holdings (PACK) › Q1 2026
Ranpak Holdings (PACK) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Ranpak Holdings (PACK) reported revenue of $101M for the first quarter 2026 (Q1 2026), +11% from a year earlier and -10% from the quarter before. Operating margin was -3.8%, net loss $10.2M (10.1% of revenue).
Ranpak Holdings, Q1 2026: revenue $101M (+11% year over year), operating margin -3.8%, net loss $10.2M, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $101M | -10% | +11% |
| Operating profit | −$3.8M | — | — |
| Net earnings | −$10.2M | — | — |
| Operating cash flow | $4.4M | -77% | — |
| Free cash flow | $3.5M | -82% | — |
What changed
Revenue was $101.2M in Q1 2026, up 11% year over year and down 10% from the previous quarter.
Gross margin was 34.5%, up 0.6 points from Q1 2025. Operating costs exceeded revenue by $3.8M, an operating margin of -3.8%. Operating expenses fell 1% while revenue rose 11%. The quarter ended with a net loss of $10.2M, wider than the previous quarter's $9.5M loss. Net interest and other expense of $9.9M was the main reason.
Operating cash flow was $4.4M. Non-cash charges added back $16.8M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $3.5M. Capital expenditures of $900K left free cash flow of $3.5M.
Questions
What was Ranpak Holdings' revenue in the first quarter 2026?
Ranpak Holdings (PACK) reported revenue of $101M for the first quarter 2026 (Q1 2026), +11% from a year earlier and -10% from the quarter before.
Was Ranpak Holdings profitable in the first quarter 2026?
Operating loss was $3.8M (-3.8% of revenue) and net loss $10.2M.
Source: Ranpak Holdings 10-Q on SEC EDGAR.