Ranpak Reports Mixed Q4 & FY25 Results with Increased Losses, Projects Revenue & AEBITDA Growth for 2026

summarizeSummary

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.

check_boxKey Events

• 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.

• 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.

• 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.

• 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.

auto_awesomeAnalysis

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.