---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-037605"
form_type: "8-K"
ticker: "PACK"
cik: "0001712463"
company_name: "Ranpak Holdings Corp."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:51:08.723392+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ranpak Q2 revenue rises 6.8% to $92.3M, swings to net loss; extends buyback by $50M

## Summary
- Net revenue $92.3M (+6.8% YoY), net loss $7.5M vs net income $5.5M prior year; includes $1.2M non-cash warrant reduction.
- Adjusted EBITDA $16.5M, down 15.8% YoY; gross margin 31.3% vs 36.7%.
- Packaging system placements up 2.7% to ~145,000 machines; paper volumes up 5.2%.
- H2 2025 guidance: revenue $216-230M, AEBITDA $44.5-54.5M; full year implied revenue $406.5M, AEBITDA $83.3M; warrant expense reduction $4-6M.
- Board authorized extension of share repurchase program by $50M with 36-month expiration.

## SEC filing metadata
- accession: 0001628280-25-037605
- form_type: 8-K
- ticker: PACK
- cik: 0001712463
- company_name: Ranpak Holdings Corp.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712463/000162828025037605/0001628280-25-037605-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712463/000162828025037605/pack-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-037605
- JSON: https://secwatch.observer/filing/0001628280-25-037605.json
- Plain text: https://secwatch.observer/filing/0001628280-25-037605.txt

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