Filing Flows › Ranpak Holdings (PACK) › Q3 2025
Ranpak Holdings (PACK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Ranpak Holdings (PACK) reported revenue of $99.6M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +8% from the quarter before. Operating margin was -5.7%, net loss $10.4M (10.4% of revenue).
Ranpak Holdings, Q3 2025: revenue $99.6M (+8% year over year), operating margin -5.7%, net loss $10.4M, operating cash flow $8.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $99.6M | +8% | +8% |
| Operating profit | −$5.7M | — | — |
| Net earnings | −$10.4M | — | — |
| Operating cash flow | $8.5M | — | -16% |
| Free cash flow | $7.1M | — | -32% |
What changed
Revenue was $99.6M in Q3 2025, up 8% year over year and up 8% from the previous quarter.
Gross margin was 34.5%, down 2.8 points from a year earlier. Operating costs exceeded revenue by $5.7M, an operating margin of -5.7%. Operating expenses grew 4% against revenue growth of 8%. The quarter ended with a net loss of $10.4M, wider than the previous quarter's $7.5M loss. Net interest and other expense of $8.9M was the main reason.
Operating cash flow was $8.5M (down 16% year over year). Non-cash charges added back $17.8M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $1.4M left free cash flow of $7.1M.
Questions
What was Ranpak Holdings' revenue in the third quarter 2025?
Ranpak Holdings (PACK) reported revenue of $99.6M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +8% from the quarter before.
Was Ranpak Holdings profitable in the third quarter 2025?
Operating loss was $5.7M (-5.7% of revenue) and net loss $10.4M.
Source: Ranpak Holdings 10-Q on SEC EDGAR.