---
schema_version: "secwatch.filing_event.v1"
accession: "0001597672-26-000008"
form_type: "8-K"
ticker: "RYAM"
cik: "0001597672"
company_name: "RAYONIER ADVANCED MATERIALS INC."
filed_at: "2026-03-03T23:59:59+00:00"
generated_at: "2026-05-15T22:15:49.547825+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RYAM Q4 2025 loss $21M, sales $417M; full-year Adj EBITDA $133M, negative FCF $88M

## Summary
- Q4 loss from continuing ops $21M ($0.32 diluted EPS) vs loss $16M in prior year; net sales $417M, down $5M.
- Full year 2025 revenue $1.5B, Adj EBITDA $133M, negative Adj free cash flow $88M.
- Net secured debt $715M; covenant leverage ratio 3.9x; total debt $779M; liquidity $157M.
- Cellulose Specialties sales +$6M (+2%) on price mix; Paperboard -$16M (-27%) on new U.S. capacity pressure.
- CEO targets positive free cash flow in 2026 via pricing, working capital tightening, and capex reduction.

## SEC filing metadata
- accession: 0001597672-26-000008
- form_type: 8-K
- ticker: RYAM
- cik: 0001597672
- company_name: RAYONIER ADVANCED MATERIALS INC.
- filed_at: 2026-03-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1597672/000159767226000008/0001597672-26-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1597672/000159767226000008/ryam-20260303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001597672-26-000008
- JSON: https://secwatch.observer/filing/0001597672-26-000008.json
- Plain text: https://secwatch.observer/filing/0001597672-26-000008.txt

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