Filing Flows › Ranpak Holdings (PACK) › Q2 2026
Ranpak Holdings (PACK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Ranpak Holdings (PACK) reported revenue of $105M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +4% from the quarter before. Operating margin was -2.3%, net loss $7.9M (7.5% of revenue).
Ranpak Holdings, Q2 2026: revenue $105M (+14% year over year), operating margin -2.3%, net loss $7.9M, operating cash flow $2.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | +4% | +14% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$7.9M | — | — |
| Operating cash flow | $2.7M | -39% | — |
| Free cash flow | $0 | -100% | — |
What changed
Revenue was $105.2M in Q2 2026, up 14% year over year and up 4% from the previous quarter.
Gross margin was 32.8%, up 1.5 points from Q2 2025. Operating costs exceeded revenue by $2.4M, an operating margin of -2.3%. Operating expenses fell 4% while revenue rose 14%. The quarter ended with a net loss of $7.9M, narrower than the previous quarter's $10.2M loss. Net interest and other expense of $8.4M was the main reason.
Operating cash flow was $2.7M. Non-cash charges added back $15.8M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $6.4M. Capital expenditures of $2.7M left free cash flow of $0K.
Questions
What was Ranpak Holdings' revenue in the second quarter 2026?
Ranpak Holdings (PACK) reported revenue of $105M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +4% from the quarter before.
Was Ranpak Holdings profitable in the second quarter 2026?
Operating loss was $2.4M (-2.3% of revenue) and net loss $7.9M.
Source: Ranpak Holdings 10-Q on SEC EDGAR.