Quarterly ResultApr 30, 2026, 07:32 AM
PACK Q1 Revenue +11% to $101.2M; Net Loss $10.2M; AEBITDA +9.2%
AI Summary
Ranpak Holdings Corp. reported strong first-quarter 2026 financial results, with net revenue increasing 11.0% year-over-year to $101.2 million, or 4.5% on a constant currency basis. The company reduced its net loss to $10.2 million from $10.9 million in the prior year. Adjusted EBITDA grew 9.2% to $18.9 million, driven by exceptional performance in automation, which saw net revenue increase 111% year-over-year on a constant currency basis.
Key Highlights
- Net revenue increased 11.0% YoY to $101.2M ($91.2M in Q1 2025).
- Net loss improved to $10.2M from $10.9M in the prior year.
- Adjusted EBITDA rose 9.2% YoY to $18.9M ($17.3M in Q1 2025).
- Automation net revenue surged 112.7% YoY to $13.4M.
- PPS system placements increased 0.2% YoY to 144.1 thousand machines.
- Cash balance stood at $48.5M with no revolving credit facility borrowings.
- Basic and diluted loss per share improved to $(0.12) from $(0.13).