Filing Flows › Ranpak Holdings (PACK) › Q4 2025
Ranpak Holdings (PACK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 5, 2026
Ranpak Holdings (PACK) reported revenue of $112M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +12% from the quarter before. Operating margin was -0.8%, net loss $9.5M (8.5% of revenue).
Ranpak Holdings, Q4 2025: revenue $112M (+7% year over year), operating margin -0.8%, net loss $9.5M, operating cash flow $19.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $112M | +12% | +7% |
| Operating profit | −$900K | — | — |
| Net earnings | −$9.5M | — | — |
| Operating cash flow | $19.5M | +129% | +200% |
What changed
Revenue was $111.9M in Q4 2025, up 7% year over year and up 12% from the previous quarter.
Gross margin was 32.6%, down 6.8 points from a year earlier. Operating costs exceeded revenue by $900K, an operating margin of -0.8%. Operating expenses fell 6% while revenue rose 7%. The quarter ended with a net loss of $9.5M, narrower than the previous quarter's $10.4M loss. Net interest and other expense of $8.4M was the main reason.
Operating cash flow was $19.5M (up 200% year over year). Non-cash charges added back $17.0M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $10.6M. Capital expenditures of −$200K left free cash flow of $19.7M.
Questions
What was Ranpak Holdings' revenue in the fourth quarter 2025?
Ranpak Holdings (PACK) reported revenue of $112M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +12% from the quarter before.
Was Ranpak Holdings profitable in the fourth quarter 2025?
Operating loss was $900K (-0.8% of revenue) and net loss $9.5M.
Source: Ranpak Holdings 10-K on SEC EDGAR.