Ranpak Reports Mixed Q4 & FY25 Results with Increased Losses, Projects Revenue & AEBITDA Growth for 2026
PACK sits 84% above its 52-week low of $2.91 on elevated volume (2.1× avg).
Summary
Ranpak Holdings Corp. announced Q4 and full-year 2025 financial results, showing revenue growth but increased net losses and declining AEBITDA, while providing an optimistic 2026 outlook with projected revenue and AEBITDA growth.
Key Events · Earnings and Guidance · PACK
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Q4 2025 Financial Performance
Net revenue increased 6.6% year-over-year to $111.9 million, but the company reported a net loss of $9.5 million (compared to $8.0 million loss in prior year) and Adjusted EBITDA (AEBITDA) declined 5.1% to $24.0 million.
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Full Year 2025 Financial Performance
Net revenue for the full year increased 7.1% to $395.0 million, with a net loss of $38.3 million (compared to $21.5 million loss in prior year) and AEBITDA declining 5.5% to $79.2 million.
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2026 Financial Outlook
The company forecasts net revenue growth of 5.1% to 12.7% (ranging $415M-$445M) and AEBITDA growth of 5.4% to 19.9% (ranging $83.5M-$95M) for fiscal year 2026.
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Strategic Growth & Deleveraging Focus
Management expects rapid growth in Automation (30-50%) and aims to double its top-line over the next five years, while intensely focusing on maximizing cash and achieving a leverage ratio of less than 3.0x net debt to AEBITDA.
Analysis · PACK · Manufacturing
Ranpak Holdings Corp. reported a mixed financial performance for the fourth quarter and full year 2025, with revenue growth offset by increased net losses and declining Adjusted EBITDA (AEBITDA). While Q4 revenue increased by 6.6% year-over-year, net loss widened to $9.5 million and AEBITDA decreased by 5.1%. Full-year results followed a similar trend. However, the company provided a positive outlook for 2026, forecasting net revenue growth of 5.1% to 12.7% and AEBITDA growth of 5.4% to 19.9%, driven by rapid expansion in its Automation segment and deepening relationships with large enterprise accounts. Management's focus on maximizing cash and deleveraging to a net debt to AEBITDA ratio below 3.0x is a key objective for the coming year, which could improve financial stability despite the recent losses.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1498 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PACK was trading at $5.35 on NYSE in the Manufacturing sector, with a market capitalization of approximately $446.3M. The 52-week trading range was $2.91 to $7.07. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.