Ranpak Holdings Corp. reported its financial results for the third quarter and the first nine months of 2025, revealing a net revenue of $99.6 million for the third quarter, an increase of 8.0% from $92.2 million in the same period of 2024. For the nine months ended September 30, 2025, net revenue reached $283.1 million, up 7.3% from $263.9 million year-over-year. Despite the revenue growth, the company experienced a net loss of $10.4 million in the third quarter, compared to a loss of $8.1 million in the prior year, and a net loss of $28.8 million for the nine months, significantly higher than the $10.7 million loss reported in the same period of 2024.
The increase in revenue was driven by strong performance in the automation segment, which saw a 63% increase in net revenue to $11.9 million in the third quarter, and a 33.9% increase to $25.3 million for the nine months. However, the overall gross profit remained flat at $34.4 million for the third quarter, and decreased to $94.2 million for the nine months, down from $98.4 million in 2024. The company's cost of sales rose by 12.8% in the third quarter and 14.1% for the nine months, primarily due to increased production costs and foreign currency impacts.
Ranpak's operational metrics showed a slight increase in its installed base of Protective Packaging Solutions (PPS) systems, totaling approximately 145.6 thousand as of September 30, 2025. The company also reported a significant increase in its employee headcount, reflecting its ongoing expansion efforts. However, the company faced challenges with rising costs and inflation, which have pressured its gross margins and overall profitability.
Looking ahead, Ranpak's management expressed cautious optimism, noting that while the company is positioned for growth, it remains vigilant regarding market conditions, including inflationary pressures and currency fluctuations. The company continues to focus on strategic investments and operational efficiencies to enhance its competitive position in the market. The outlook for the remainder of 2025 suggests a commitment to navigating these challenges while pursuing opportunities for revenue growth, particularly in the automation sector.
About Ranpak Holdings Corp.
Ranpak Holdings Corp. provides environmentally sustainable, fiber-based protective packaging solutions for global e-commerce and industrial supply chains. Its core offerings include proprietary paper-based systems for void-fill, cushioning, and wrapping, complemented by automation and machine vision technologies. Serving diverse markets worldwide, Ranpak emphasizes innovation, sustainability, and a broad distributor network to deliver cost-effective, eco-friendly packaging that reduces waste and enhances supply chain efficiency.
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