PACK Ranpak Holdings Corp.
Price Chart
Executive Summary
Ranpak reported Q4 2025 revenue of $111.9 million, up 6.6% YoY, but adjusted EBITDA declined 5.1% to $24.0 million. Full-year revenue grew 7.1% to $395.0 million while adjusted EBITDA fell 5.5% to $79.2 million. The company issued strong 2026 guidance forecasting revenue of $415-$445 million (5.1%-12.7% growth) and adjusted EBITDA of $83.5-$95 million (5.4%-19.9% growth), driven by momentum in its Automation business and strategic partnerships with Amazon and Walmart.
Key Financial Metrics
Actionable Insight
The stock may react positively to the strong 2026 guidance and Automation growth, but investors should monitor whether the company can improve profitability despite margin pressure from e-commerce mix and warrant expenses. The Amazon and Walmart partnerships appear to be driving growth but also creating accounting headwinds.
Key Facts
- Q4 2025 revenue: $111.9 million (+6.6% YoY)
- Q4 2025 adjusted EBITDA: $24.0 million (-5.1% YoY)
- Full-year 2025 revenue: $395.0 million (+7.1% YoY)
- Full-year 2025 adjusted EBITDA: $79.2 million (-5.5% YoY)
- 2026 guidance: $415-$445 million revenue, $83.5-$95 million adjusted EBITDA
- Automation revenue grew nearly 40% in Q4 2025 (constant currency, ex-warrants)
- Warrant expense reduced Q4 revenue by $2.3 million related to Amazon/Walmart agreements
Financial Impact
Revenue growth of 6.6% in Q4 and 7.1% for full-year 2025, but adjusted EBITDA declined 5.1% in Q4 and 5.5% for full-year due to increased mix from large e-commerce players and warrant expenses. 2026 guidance projects revenue growth of 5.1%-12.7% and adjusted EBITDA growth of 5.4%-19.9%.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Automation | $13.8M | +35.3% |
Risk Factors
- Continued margin pressure from shift to lower-margin e-commerce customers
- Ongoing impact of warrant expenses related to strategic partnerships
- Global uncertainty, particularly in Middle East, could impact lower end of guidance
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-014998 |
| Document: pack-20260305.htm | 0001628280-26-014998 |
| Document: 0001628280-26-014998-index-headers.html | 0001628280-26-014998 |
| Document: 0001628280-26-014998-index.html | 0001628280-26-014998 |
| Document: 0001628280-26-014998.txt | 0001628280-26-014998 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Apr 30, 2026
20d ago
|
8-K
| — | awaiting T+5 | — | — |
|
Apr 24, 2026
26d ago
|
DEFA14A
| $4.12 $5.91 | ▲ +43.45% | ▲ +43.05% | $6.04 (+46.60%) |
|
Mar 5, 2026
10w ago
|
8-K
| $4.24 $3.24 | ▼ −23.58% | ▼ −21.35% | $6.04 (+42.45%) |
US Market Status
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