Ranpak Holdings Corp. (NYSE:PACK) filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 29, 2026, reporting a net loss of $7.2 million for the third quarter and $25.3 million for the nine months ended September 30, 2026.

Key Highlights

  • Q3 2026 net revenue: $101.9 million, up from $99.6 million in Q3 2025, according to the filing.
  • Q3 2026 net loss: $7.2 million, compared to a net loss of $10.4 million in Q3 2025, as reported.
  • Nine-month net revenue: $308.3 million for the nine months ended September 30, 2026, versus $283.1 million for the same period in 2025.
  • Basic and diluted loss per share: $(0.08) for Q3 2026 and $(0.30) for the nine months ended September 30, 2026.
  • Total assets: $1,091.9 million as of September 30, 2026, down from $1,124.9 million at December 31, 2025.
  • Accumulated deficit: $(208.9) million as of September 30, 2026, compared to $(183.6) million at December 31, 2025.
  • Shares outstanding: 85,786,446 Class A common shares as of October 22, 2026, per the filing's cover page.

Ranpak Revenue Grows Nine Months Year-Over-Year While Losses Continue

According to the filing, Ranpak Holdings Corp. reported net revenue of $101.9 million for the three months ended September 30, 2026, consisting of $83.1 million in net product revenue and $18.8 million in machine lease revenue. This compares to net revenue of $99.6 million in the same quarter of 2025, which included $83.6 million in net product revenue and $16.0 million in machine lease revenue. Gross profit for Q3 2026 was $36.3 million, up from $34.4 million in Q3 2025.

For the nine months ended September 30, 2026, the company disclosed net revenue of $308.3 million, compared to $283.1 million in the same period of 2025. Gross profit for the nine-month period was $105.7 million versus $94.2 million a year earlier. Selling, general and administrative expenses declined to $82.5 million from $87.3 million in the prior-year nine-month period, the filing stated. The company reported a loss from operations of $(6.2) million for the nine months ended September 30, 2026, an improvement from $(23.4) million in the comparable 2025 period.

On the balance sheet, the company reported total assets of $1,091.9 million as of September 30, 2026, and total liabilities of $578.0 million, leaving total shareholders' equity of $513.9 million. Cash and cash equivalents stood at $53.4 million, down from $63.0 million at December 31, 2025. Long-term debt was $399.1 million. The accumulated deficit grew to $(208.9) million from $(183.6) million at year-end 2025, reflecting the net losses recorded during the nine-month period. Interest expense was $25.4 million for the nine months ended September 30, 2026, per the filing.

What Was Disclosed

Ranpak Holdings Corp. filed a Form 10-Q covering the quarter ended September 30, 2026, disclosing quarterly and year-to-date income statement results, balance sheet position, shareholders' equity changes, and share count data as of October 22, 2026.