Ranpak Holdings Corp. Reports First Quarter 2026 Financial Results

Ranpak Holdings Corp. announced its financial results for the first quarter ended March 31, 2026. The company reported an 11.0% increase in net revenue, reaching $101.2 million, with a 4.5% increase on a constant currency basis. The net loss for the quarter was $10.2 million, an improvement from the $10.9 million net loss in the prior year period. Adjusted EBITDA (AEBITDA) increased by 9.2% year over year to $18.9 million. The company experienced significant growth in its automation solutions, with net revenue increasing by 111% year over year on a constant currency basis, excluding warrants. Protective Packaging Solutions (PPS) system placement saw a slight increase of 0.2% year over year. Despite a challenging comparison in North America, strong large enterprise e-commerce activity contributed to overall growth. Ranpak highlighted its focus on sustainable solutions and deepening relationships with major clients like Amazon and Walmart. The company maintained a strong liquidity position with $48.5 million in cash and no borrowings on its revolving credit facility.