---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-022398"
form_type: "8-K"
ticker: "PACK"
cik: "0001712463"
company_name: "Ranpak Holdings Corp."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T12:53:51.597174+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-022398
- form_type: 8-K
- ticker: PACK
- cik: 0001712463
- company_name: Ranpak Holdings Corp.
- filed_at: 2025-05-06T23:59:59+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/1712463/000162828025022398/0001628280-25-022398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712463/000162828025022398/pack-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-022398
- JSON: https://secwatch.observer/filing/0001628280-25-022398.json
- Plain text: https://secwatch.observer/filing/0001628280-25-022398.txt

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