Ranpak Holdings Corp.
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Financial Statements (Unaudited)
Item 1. Financial Statements
Index to Unaudited Condensed Consolidated Financial Statements
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Three and Six Months Ended June 30, 2025 and 2024
Unaudited Condensed Consolidated Balance Sheets – June 30, 2025 and December 31, 2024
Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Three and Six Months Ended June 30, 2025 and 2024
Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024
Notes to the Unaudited Condensed Consolidated Financial Statements
Unaudited Condensed Consolidated Statements of Operations
and Comprehensive Income (Loss)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net product revenue | $77.8 | $72.8 | $155.4 | $145.3 |
| Machine lease revenue | 14.5 | 13.6 | 28.1 | 26.4 |
| Net revenue | 92.3 | 86.4 | 183.5 | 171.7 |
| Cost of product sales | 56.0 | 48.5 | 110.8 | 94.2 |
| Cost of leased machines | 7.4 | 6.2 | 12.9 | 13.5 |
| Gross profit | 28.9 | 31.7 | 59.8 | 64.0 |
| Selling, general and administrative expenses | 28.8 | 27.3 | 57.7 | 55.2 |
| Depreciation and amortization expense | 8.8 | 8.3 | 17.8 | 16.7 |
| Other operating expense, net | 1.0 | 1.3 | 2.0 | 2.1 |
| Loss from operations | (9.7) | (5.2) | (17.7) | (10.0) |
| Interest expense | 8.3 | 5.3 | 17.0 | 11.5 |
| Foreign currency (gain) loss | (2.6) | 0.1 | (5.2) | (1.3) |
| Other non-operating income, net | (5.9) | (17.9) | (5.9) | (17.9) |
| (Loss) income before income tax (benefit) expense | (9.5) | 7.3 | (23.6) | (2.3) |
| Income tax (benefit) expense | (2.0) | 1.8 | (5.2) | 0.3 |
| Net (loss) income | $(7.5) | $5.5 | $(18.4) | $(2.6) |
| Basic and diluted (loss) income per share | $(0.09) | $0.07 | $(0.22) | $(0.03) |
| Weighted average number of shares outstanding – basic | 84,274,167 | 83,071,520 | 83,987,624 | 82,876,914 |
| Weighted average number of shares outstanding – diluted | 84,274,167 | 83,123,636 | 83,987,624 | 82,876,914 |
| Other comprehensive income (loss), before tax | ||||
| Foreign currency translation adjustments | $(4.6) | $(0.1) | $(7.2) | $(2.2) |
| Interest rate swap adjustments | — | (0.8) | — | (3.4) |
| Cross currency swap adjustments | (0.6) | — | (1.2) | — |
| Total other comprehensive loss, before tax | (5.2) | (0.9) | (8.4) | (5.6) |
| Benefit for income taxes related to other comprehensive loss | (4.6) | (0.1) | (7.0) | — |
| Total other comprehensive loss, net of tax | (0.6) | (0.8) | (1.4) | (5.6) |
| Comprehensive (loss) income, net of tax | $(8.1) | $4.7 | $(19.8) | $(8.2) |
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