Filing Flows › Ranpak Holdings (PACK) › Q2 2025
Ranpak Holdings (PACK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Ranpak Holdings (PACK) reported revenue of $92.3M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +1% from the quarter before. Operating margin was -10.5%, net loss $7.5M (8.1% of revenue).
Ranpak Holdings, Q2 2025: revenue $92.3M (+7% year over year), operating margin -10.5%, net loss $7.5M, operating cash flow −$3.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $92.3M | +1% | +7% |
| Operating profit | −$9.7M | — | — |
| Net earnings | −$7.5M | — | — |
| Operating cash flow | −$3.6M | — | — |
What changed
Revenue was $92.3M in Q2 2025, up 7% year over year and up 1% from the previous quarter.
Gross margin was 31.3%, down 5.4 points from a year earlier. Operating costs exceeded revenue by $9.7M, an operating margin of -10.5%. Operating expenses grew 5% against revenue growth of 7%. The quarter ended with a net loss of $7.5M, narrower than the previous quarter's $10.9M loss.
Operating cash flow was −$3.6M. Non-cash charges added back $16.8M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $14.9M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$5.5M.
Questions
What was Ranpak Holdings' revenue in the second quarter 2025?
Ranpak Holdings (PACK) reported revenue of $92.3M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +1% from the quarter before.
Was Ranpak Holdings profitable in the second quarter 2025?
Operating loss was $9.7M (-10.5% of revenue) and net loss $7.5M.
Source: Ranpak Holdings 10-Q on SEC EDGAR.