Ranpak Holdings Reports 11% Revenue Growth to $101.2 Million in Q1 2026

Ranpak Holdings Corp. reported a net revenue of $101.2 million for the first quarter of 2026, marking an increase of 11.0% from $91.2 million in the same period of 2025. The growth was primarily driven by a significant rise in automation equipment sales, which surged by 112.7% to $13.4 million. The company's gross profit also improved, reaching $34.9 million, up from $30.9 million a year earlier. Despite these gains, Ranpak recorded a net loss of $10.2 million, a slight improvement from the $10.9 million loss reported in the first quarter of 2025.

The company's financial performance reflects a strategic focus on expanding its automation product lines, which contributed to a notable increase in overall revenue. The cost of sales rose to $66.3 million, up from $60.3 million, primarily due to increased volume and product mix, as well as fluctuations in foreign currency rates. Selling, general, and administrative expenses remained relatively stable, increasing marginally to $29.2 million from $28.9 million. The company also reported a foreign currency loss of $1.3 million, a reversal from a gain of $2.6 million in the previous year, highlighting the impact of currency volatility on its financial results.

Ranpak's operational metrics indicate a stable customer base, with the installed base of Protective Packaging Solutions (PPS) systems totaling 144.1 thousand as of March 31, 2026, a slight increase from 143.8 thousand a year prior. The company continues to operate in two primary segments: North America and Europe/Asia, with net revenue from Europe/Asia growing by 20.8% to $58.7 million, while North America saw a slight decline to $42.5 million. The company’s employee headcount remained consistent, supporting its operational capabilities across its manufacturing facilities in the U.S., Europe, and Asia.

Looking ahead, Ranpak anticipates continued pressure on its gross margins due to inflationary costs and the competitive landscape. The company is focused on mitigating these challenges through strategic pricing and cost management initiatives. Additionally, Ranpak is committed to enhancing its product offerings and expanding its market presence, particularly in the automation sector, which is expected to drive future growth. The company maintains a cautious outlook, emphasizing the need to navigate macroeconomic uncertainties and fluctuations in raw material costs while leveraging its innovative solutions to meet customer demands.