Ranpak Q4 net revenue up 6.6% to $111.9M but net loss widens to $9.5M; issues 2026 guidance

Ranpak Holdings Corp.

Q4 net revenue $111.9M (+6.6% YoY); net loss $9.5M vs $8.0M loss in prior year.
Adjusted EBITDA $24.0M, down 5.1% YoY; full-year AEBITDA $79.2M, down 5.5%.
Automated equipment sales surged 35.3% to $13.8M; global machine install base up 2.2% to 145,800.
2026 guidance: net revenue $415-445M, AEBITDA $83.5-95M; expects Automation growth of 30-50%.
Cash $63M, $405.9M term loan due 2031; no revolver borrowings.

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