---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-056545"
form_type: "8-K"
ticker: "PACK"
cik: "0001712463"
company_name: "Ranpak Holdings Corp."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:48:58.717551+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ranpak Q3 2023: revenue $82.8M, adjusted EBITDA $18.0M, net loss narrows to $3.3M

## Summary
- Net revenue $82.8M (+6.4% YoY); net loss narrowed to $3.3M from $8.7M.
- Packaging system placements up 2.5% YoY to ~142,000 machines as of Sep 30, 2023.
- Gross margin expanded to 38.0% from 31.5% a year ago, a 650 bps improvement.
- Adjusted EBITDA $18.0M, up 8.4% YoY; volumes increased ~5%, price/mix down 4.5%.

## SEC filing metadata
- accession: 0000950170-23-056545
- form_type: 8-K
- ticker: PACK
- cik: 0001712463
- company_name: Ranpak Holdings Corp.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712463/000095017023056545/0000950170-23-056545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712463/000095017023056545/pack-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-056545
- JSON: https://secwatch.observer/filing/0000950170-23-056545.json
- Plain text: https://secwatch.observer/filing/0000950170-23-056545.txt

## Key facts
- Earnings Releases
  Ranpak Holdings Corp. reported third quarter ended September 30, 2023 results: revenue $82.8 million, net income net loss of $3.3 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $82.8 million
  - Net income: net loss of $3.3 million
  - Result: reported results
  source text: • Packaging System placement up 2.5% year over year to approximately 142,000 machines at September 30, 2023 • Net revenue for the third quarter increased 6.4% year over year to $82.8 million and increased 1.9% year over year on a constant currency basis to $85.7 million • Net loss for the third quarter of $3.3 million compared to net loss of $8.7 million in the prior
  evidence_url: https://www.sec.gov/Archives/edgar/data/1712463/000095017023056545/0000950170-23-056545-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.