---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-047326"
form_type: "8-K"
ticker: "PACK"
cik: "0001712463"
company_name: "Ranpak Holdings Corp."
filed_at: "2025-10-30T23:59:59+00:00"
generated_at: "2026-05-17T01:22:56.028019+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ranpak Q3 revenue up 8% to $99.6M; signs transformative Walmart partnership with warrants

## Summary
- Net revenue $99.6M (+8.0% YoY); net loss $10.4M vs $8.1M prior year.
- Adjusted EBITDA $21.4M (+8.1% YoY); automation revenue up 63% to $11.9M.
- Signed partnership with Walmart: 22.5M warrants at $6.8308 vest on $300M spend over 10 years (excl. paper).
- Estimated total potential spend including paper ~$700M; automation revenue expected $40-45M for FY2025.
- Packaging systems placed up 1.4% to ~145.6K; gross margin 34.5% vs 37.3% prior year.

## SEC filing metadata
- accession: 0001628280-25-047326
- form_type: 8-K
- ticker: PACK
- cik: 0001712463
- company_name: Ranpak Holdings Corp.
- filed_at: 2025-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712463/000162828025047326/0001628280-25-047326-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712463/000162828025047326/pack-20251030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-047326
- JSON: https://secwatch.observer/filing/0001628280-25-047326.json
- Plain text: https://secwatch.observer/filing/0001628280-25-047326.txt

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