Ranpak Holdings Corp. reported its financial results for the third quarter ended September 30, 2026, showing a net loss of $7.2 million. This compares to a net loss of $10.4 million in the prior year period. The company reported net revenue of $101.9 million for the third quarter, an increase of 2.3% year over year. On a constant currency basis, revenue increased 3.4%. The company also reported an adjusted EBITDA of $22.5 million for the quarter, an increase of 5.1% year over year.
On a year-to-date basis, Ranpak reported net revenue of $308.3 million, an increase of 8.9% year over year. The company reported a net loss of $25.3 million for the nine months ended September 30, 2026, compared to a net loss of $28.8 million in the prior year period. Year-to-date adjusted EBITDA was $60.5 million, an increase of 9.6% year over year.
The company’s balance sheet shows a cash balance of $53.4 million as of September 30, 2026. Ranpak has no borrowings on its $50.0 million revolving credit facility, which matures in December 2029, and $2.9 million committed to outstanding letters of credit. The company also has $402.8 million outstanding under its U.S. dollar-denominated first lien term facility, which matures in December 2031.
Ranpak’s Chairman and Chief Executive Officer Omar Asali stated that the company is pleased with the growth in top-line and adjusted EBITDA in the third quarter. He noted that the company’s diversification into Automation continues to drive growth, with revenue growth of 26.9% year over year on a constant currency basis. The company also reported that its gross margin improved by 110 basis points versus the prior year to 35.6%.
The company will host a conference call and webcast at 8:30 a.m. (ET) on Thursday, October 29, 2026, to discuss its financial results.
