Ranpak Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	388.1	368.9	336.3	326.5	369.1	290.3
Other Revenue	-	-	-	-	14.8	7.9
Revenue	388.1	368.9	336.3	326.5	383.9	298.2
Revenue Growth (YoY)	9.54%	9.69%	3.00%	-14.95%	28.74%	10.65%
Cost of Revenue	252.5	229.1	213	226.9	235	175.6
Gross Profit	135.6	139.8	123.3	99.6	148.9	122.6
Selling, General & Admin	104.9	102	99	84.4	98.3	72.5
Other Operating Expenses	4.7	4.4	3.8	3.4	1.6	2
Operating Expenses	146.8	141.5	136.6	119.9	134.9	106
Operating Income	-11.2	-1.7	-13.3	-20.3	14	16.6
Interest Expense	-33.5	-28.6	-24.3	-20.7	-22.4	-30.2
Currency Exchange Gain (Loss)	5.5	1.6	0.3	2.2	5.3	-6.1
Other Non Operating Income (Expenses)	-	-0.2	0.2	0.4	-	-2.2
EBT Excluding Unusual Items	-39.2	-28.9	-37.1	-38.4	-3.1	-21.9
Gain (Loss) on Sale of Investments	5.8	-0.4	-	3.9	-	-
Gain (Loss) on Sale of Assets	-0.5	4.2	-1.4	-1.1	-1.8	-2.7
Asset Writedown	-4	-3.6	-3	-2.8	-	-
Legal Settlements	-	16.1	-	-	-	-
Other Unusual Items	-11.1	-11.1	10.2	-18.3	-	-
Pretax Income	-49	-23.7	-31.3	-56.7	-4.9	-24.6
Income Tax Expense	-9.4	-2.2	-4.2	-15.3	-2.1	-1.2
Net Income	-39.6	-21.5	-27.1	-41.4	-2.8	-23.4
Net Income to Common	-39.6	-21.5	-27.1	-41.4	-2.8	-23.4
Shares Outstanding (Basic)	84	83	82	82	79	72
Shares Outstanding (Diluted)	84	83	82	82	79	72
Shares Change (YoY)	1.21%	0.83%	0.61%	4.25%	8.43%	30.77%
EPS (Basic)	-0.47	-0.26	-0.33	-0.51	-0.04	-0.32
EPS (Diluted)	-0.47	-0.26	-0.33	-0.51	-0.04	-0.32
Free Cash Flow	-22.8	8.3	-2.7	-43.7	-0.2	30.2
Free Cash Flow Per Share	-0.27	0.10	-0.03	-0.53	-0.00	0.42
Gross Margin	34.94%	37.90%	36.66%	30.50%	38.79%	41.11%
Operating Margin	-2.89%	-0.46%	-3.96%	-6.22%	3.65%	5.57%
Profit Margin	-10.20%	-5.83%	-8.06%	-12.68%	-0.73%	-7.85%
Free Cash Flow Margin	-5.88%	2.25%	-0.80%	-13.38%	-0.05%	10.13%
EBITDA	54.4	63.6	56.3	48.7	87.6	79.3
EBITDA Margin	14.02%	17.24%	16.74%	14.92%	22.82%	26.59%
D&A For EBITDA	65.6	65.3	69.6	69	73.6	62.7
EBIT	-11.2	-1.7	-13.3	-20.3	14	16.6
EBIT Margin	-2.89%	-0.46%	-3.96%	-6.22%	3.65%	5.57%
Revenue as Reported	388.1	368.9	336.3	326.5	383.9	298.2
Advertising Expenses	-	1	1.1	1.1	0.9	0.7

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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