Ranpak Q1 revenue up 6.9% to $91.2M, net loss widens to $10.9M, Adj. EBITDA down 9.9%

Ranpak Holdings Corp.

2025-Q1 EPS reported -$0.13 revenue$91,200,000

Net revenue $91.2M (+6.9% YoY, +8.8% constant currency); global volumes +12.0%.
Net loss $10.9M vs $8.1M loss in Q1 2024; Adj. EBITDA $17.3M (-9.9% YoY, -7.8% constant currency).
Amazon warrants non-cash impact: $0.8M revenue reduction, 420 bps Adj. EBITDA headwind.
Packaging system placements up 2.1% to ~143.8K machines; cushioning revenue fell 19.3%.
Cash $65.5M, no revolver borrowings; management cites tariff risks and cost actions in Q2.

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