Ranpak Holdings Corp.
For the period ended Sep 30, 2025. Filed Oct 30, 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.
Sep 30, 2025 · Filed Oct 30, 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 Loss for the Three and Nine Months Ended September 30, 2025 and 2024
Unaudited Condensed Consolidated Balance Sheets – September 30, 2025 and December 31, 2024
Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Three and Nine Months Ended September 30, 2025 and 2024
Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 2024
Notes to the Unaudited Condensed Consolidated Financial Statements
Unaudited Condensed Consolidated Statements of Operations
and Comprehensive Loss
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net product revenue | $83.6 | $78.6 | $239.0 | $223.9 |
| Machine lease revenue | 16.0 | 13.6 | 44.1 | 40.0 |
| Net revenue | 99.6 | 92.2 | 283.1 | 263.9 |
| Cost of product sales | 57.6 | 53.9 | 168.9 | 148.1 |
| Cost of leased machines | 7.6 | 3.9 | 20.0 | 17.4 |
| Gross profit | 34.4 | 34.4 | 94.2 | 98.4 |
| Selling, general and administrative expenses | 29.6 | 28.8 | 87.3 | 84.0 |
| Depreciation and amortization expense | 9.2 | 8.2 | 27.0 | 24.9 |
| Other operating expense, net | 1.3 | 1.6 | 3.3 | 3.7 |
| Loss from operations | (5.7) | (4.2) | (23.4) | (14.2) |
| Interest expense | 8.7 | 9.3 | 25.7 | 20.8 |
| Foreign currency loss (gain) | 0.2 | 0.2 | (5.0) | (1.1) |
| Other non-operating income, net | — | (3.1) | (5.9) | (21.0) |
| Loss before income tax benefit | (14.6) | (10.6) | (38.2) | (12.9) |
| Income tax benefit | (4.2) | (2.5) | (9.4) | (2.2) |
| Net loss | $(10.4) | $(8.1) | $(28.8) | $(10.7) |
| Basic and diluted loss per share | $(0.12) | $(0.10) | $(0.34) | $(0.13) |
| Weighted average number of shares outstanding – basic and diluted | 84,363,456 | 83,227,887 | 84,114,278 | 82,994,759 |
| Other comprehensive income (loss), before tax | ||||
| Foreign currency translation adjustments | $0.8 | $3.6 | $(6.4) | $1.4 |
| Interest rate swap adjustments | — | — | — | (3.4) |
| Cross-currency swap adjustments | 0.1 | — | (1.1) | — |
| Total other comprehensive income (loss), before tax | 0.9 | 3.6 | (7.5) | (2.0) |
| Provision (benefit) for income taxes related to other comprehensive income (loss) | 0.2 | (0.8) | (6.8) | (0.8) |
| Total other comprehensive income (loss), net of tax | 0.7 | 4.4 | (0.7) | (1.2) |
| Comprehensive loss, net of tax | $(9.7) | $(3.7) | $(29.5) | $(11.9) |
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