← Ranpak Holdings Corp.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| Current assets: | ||||||||||
| Cash and Cash Equivalents, at Carrying Value | $2k | $2.9m | $19.7m | $48.5m | $103.9m | $62.8m | $62.0m | $76.1m | $63.0m | |
| Prepaid Expense and Other Assets, Current | — | — | $2.5m | $3.4m | $8.3m | $16.7m | $13.1m | $7.7m | $10.6m | |
| Cash and cash equivalents | $2k | $2.9m | $19.7m | $48.5m | $103.9m | $62.8m | $62.0m | $76.1m | $63.0m | |
| Accounts receivable, net | — | — | $36.1m | $39.1m | $43.7m | $33.0m | $31.6m | $43.9m | $47.7m | |
| Income tax receivable | — | $3.4m | $1.5m | $100k | $2.7m | $2.1m | $900k | $1.8m | $1.9m | |
| Prepaid expenses and other current assets | — | $4.1m | $2.5m | $3.4m | $8.3m | $16.7m | $13.1m | $7.7m | $10.6m | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | — | ($700k) | ($600k) | ($500k) | ($900k) | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | $62.8m | $62.0m | $76.1m | $63.0m | |
| Gross Accounts Receivable | — | — | — | — | — | $33.7m | $32.2m | $44.4m | $48.6m | |
| Inventories Adjustments Allowances | — | — | — | — | ($300k) | ($300k) | $0 | — | — | |
| Other Current Assets | — | — | — | — | — | $16.7m | $13.1m | $7.7m | $10.6m | |
| Taxes Receivable | — | — | — | — | — | $2.1m | $900k | $1.8m | $1.9m | |
| Inventory, Net | — | $11.8m | $11.6m | $16.1m | $32.9m | $25.0m | $17.3m | $21.7m | $30.6m | |
| Accounts Receivable, after Allowance for Credit Loss | — | — | — | — | — | — | — | — | $47.7m | |
| Assets, Current | $2k | $3.1m | $71.4m | $107.2m | $191.5m | $139.6m | $124.9m | $151.2m | $153.8m | |
| Total current assets | $2k | $3.1m | $71.4m | $107.2m | $191.5m | $139.6m | $124.9m | $151.2m | $153.8m | |
| Property, Plant and Equipment, Net | — | $73.0m | $122.5m | $124.4m | $126.3m | $124.0m | $142.1m | $137.6m | $138.7m | |
| Goodwill | — | $355.7m | $448.8m | $458.4m | $453.0m | $446.7m | $450.1m | $443.7m | $457.2m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | $458.6m | $440.6m | $406.5m | $372.1m | $345.4m | $312.2m | $291.8m | |
| Intangible assets, net | — | $293.7m | $458.6m | $440.6m | $406.5m | $372.1m | $345.4m | $312.2m | $291.8m | |
| Goodwill And Other Intangible Assets | — | — | — | — | — | $818.8m | $795.5m | $755.9m | $749.0m | |
| Other Intangible Assets | — | — | — | — | — | $372.1m | $345.4m | $312.2m | $291.8m | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | $6.6m | $6.0m | $23.7m | $20.9m | $24.0m | |
| Other Assets, Noncurrent | — | — | $3.1m | $2.9m | $29.4m | $44.5m | $36.4m | $38.5m | $59.0m | |
| Operating lease right-of-use assets, net | — | — | — | $0 | $6.6m | $6.0m | $23.7m | $20.9m | $24.0m | |
| Other assets | — | $2.0m | $3.1m | $2.9m | $29.4m | $44.5m | $36.4m | $38.5m | $59.0m | |
| Additional Financial Items | ||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | — | $39.1m | $43.7m | $33.0m | $31.6m | $43.9m | $47.7m | |
| Accrued Liabilities, Current | — | — | $15.5m | — | — | — | — | — | — | |
| Deferred tax assets | — | — | — | $0 | $100k | $600k | $100k | $100k | $400k | |
| Operating lease liabilities, current | — | — | — | $0 | $2.4m | $2.0m | $3.8m | $4.0m | $3.9m | |
| Deferred revenue | — | $300k | $2.5m | $1.4m | $3.1m | $900k | $2.0m | $3.4m | $14.0m | |
| Derivative instruments | — | $200k | $4.6m | $9.6m | $2.4m | $3.7m | $6.3m | $1.3m | $33.4m | |
| Operating lease liabilities, non-current | — | — | — | $0 | $4.3m | $4.0m | $24.7m | $20.8m | $24.2m | |
| Other liabilities | — | $3.6m | $2.3m | $1.2m | $900k | $1.4m | $2.3m | $2.8m | $1.3m | |
| Accumulated Depreciation | — | — | — | — | — | ($121.6m) | ($157.6m) | ($178.3m) | ($216.0m) | |
| Buildings And Improvements | — | — | — | — | — | $12.9m | $12.3m | $12.5m | $12.8m | |
| Capital Lease Obligations | — | — | — | — | — | $6.7m | $29.4m | $26.4m | $29.7m | |
| Current Accrued Expenses | — | — | — | — | — | $3.8m | $13.5m | $11.4m | $5.9m | |
| Current Capital Lease Obligation | — | — | — | — | — | $2.7m | $4.7m | $5.6m | $5.5m | |
| Current Debt | — | — | — | — | — | $600k | $1.6m | $4.0m | $3.9m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | $3.3m | $6.3m | $9.6m | $9.4m | |
| Current Deferred Liabilities | — | — | — | — | — | $900k | $2.0m | $3.4m | $14.0m | |
| Current Provisions | — | — | — | — | — | $700k | $800k | $900k | $800k | |
| Derivative Product Liabilities | — | — | — | — | — | $3.7m | $6.3m | $1.3m | $33.4m | |
| Finished Goods | — | — | — | — | — | $7.2m | $4.4m | $9.2m | $11.4m | |
| Gross PPE | — | — | — | — | — | $251.6m | $323.4m | $336.8m | $378.7m | |
| Interest Payable | — | — | — | — | — | $1.9m | $3.0m | $1.2m | $0 | |
| Invested Capital | — | — | — | — | — | $1.0b | $971.4m | $952.9m | $935.2m | |
| Land And Improvements | — | — | — | — | — | $4.0m | $2.4m | $2.4m | $2.4m | |
| Leases | — | — | — | — | — | $400k | $20.7m | $20.7m | $22.9m | |
| Long Term Capital Lease Obligation | — | — | — | — | — | $4.0m | $24.7m | $20.8m | $24.2m | |
| Machinery Furniture Equipment | — | — | — | — | — | $228.3m | $264.3m | $280.3m | $316.6m | |
| Net Debt | — | — | — | — | — | $329.5m | $337.4m | $328.7m | $337.3m | |
| Net PPE | — | — | — | — | — | $130.0m | $165.8m | $158.5m | $162.7m | |
| Net Tangible Assets | — | — | — | — | — | ($206.0m) | ($223.5m) | ($207.8m) | ($214.1m) | |
| Non Current Deferred Assets | — | — | — | — | — | $600k | $100k | $100k | $400k | |
| Non Current Deferred Liabilities | — | — | — | — | — | $80.8m | $71.6m | $62.0m | $50.7m | |
| Non Current Deferred Taxes Assets | — | — | — | — | — | $600k | $100k | $100k | $400k | |
| Ordinary Shares Number | — | — | — | — | — | $82.0m | $82.6m | $83.3m | $84.4m | |
| Other Current Borrowings | — | — | — | — | — | $600k | $1.6m | $4.0m | $3.9m | |
| Other Current Liabilities | — | — | — | — | $3.8m | — | — | $3.6m | $4.0m | |
| Other Equity Adjustments | — | — | — | — | — | $5.2m | $2.1m | ($6.2m) | ($3.8m) | |
| Other Non Current Assets | — | — | — | — | — | $44.5m | $36.4m | $38.5m | $59.0m | |
| Other Non Current Liabilities | — | — | — | — | — | $1.4m | $2.3m | $2.8m | $1.3m | |
| Other Payable | — | — | — | — | — | $600k | $1.5m | $1.0m | — | |
| Other Properties | — | — | — | — | — | $6.0m | $23.7m | $20.9m | $24.0m | |
| Properties | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Raw Materials | — | — | — | — | — | $12.4m | $11.5m | $12.5m | $13.6m | |
| Share Issued | — | — | — | — | — | $82.0m | $82.6m | $83.3m | $84.4m | |
| Tangible Book Value | — | — | — | — | — | ($206.0m) | ($223.5m) | ($207.8m) | ($214.1m) | |
| Work In Process | — | — | — | — | — | $5.7m | $1.4m | $0 | $5.6m | |
| Working Capital | — | — | — | — | — | $100.5m | $76.9m | $82.8m | $69.8m | |
| Total shareholders' equity | $54k | $5.0m | $531.8m | $522.9m | $636.2m | $612.8m | $572.0m | $548.1m | $534.9m | |
| Total Capitalization | — | — | — | — | — | $1.0b | $969.8m | $948.9m | $931.3m | |
| Total Debt | — | — | — | — | — | $399.0m | $428.8m | $431.2m | $430.0m | |
| Total Non Current Assets | — | — | — | — | — | $993.9m | $997.8m | $953.0m | $971.1m | |
| Total Tax Payable | — | — | — | — | — | $3.4m | $2.5m | $7.9m | $5.4m | |
| Assets | $871k | $309.2m | $1.1b | $1.1b | $1.2b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Total assets | $871k | $309.2m | $1.1b | $1.1b | $1.2b | $1.1b | $1.1b | $1.1b | $1.1b | |
| LIABILITIES AND EQUITY | ||||||||||
| Current liabilities: | ||||||||||
| Operating Lease, Liability, Current | — | — | — | — | $2.4m | $2.0m | $3.8m | $4.0m | $3.9m | |
| Accounts Payable, Current | — | $2.7m | $12.3m | $24.9m | $33.5m | $24.3m | $17.6m | $26.9m | $36.7m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | $4.3m | $4.0m | $24.7m | $20.8m | $24.2m | |
| Long-term Debt, Excluding Current Maturities | — | $494.9m | $418.8m | $432.7m | $400.4m | $391.7m | $397.8m | $400.8m | $396.4m | |
| Long-term Debt, Current Maturities | — | — | $1.6m | $500k | $400k | $600k | $1.6m | $4.0m | $3.9m | |
| Long-term Debt, Excluding Current Maturities | — | $494.9m | $418.8m | $432.7m | $400.4m | $391.7m | $397.8m | $400.8m | $396.4m | |
| Accrued liabilities and other | — | $10.8m | $15.5m | $30.7m | $31.5m | $10.6m | $22.1m | $28.5m | $23.9m | |
| Current portion of long-term debt | — | $4.4m | $1.6m | $500k | $1.0m | $1.3m | $2.5m | $5.6m | $5.5m | |
| Payables And Accrued Expenses | — | — | — | — | — | $32.1m | $35.1m | $46.2m | $48.0m | |
| Liabilities, Current | $817k | $6.7m | $31.9m | $57.5m | $71.5m | $39.1m | $48.0m | $68.4m | $84.0m | |
| Total current liabilities | $817k | $6.7m | $31.9m | $57.5m | $71.5m | $39.1m | $48.0m | $68.4m | $84.0m | |
| Deferred Income Tax Liabilities, Net | — | — | $115.0m | $109.6m | $97.7m | $80.8m | $71.6m | $62.0m | $50.7m | |
| Other Liabilities, Noncurrent | — | — | $2.3m | $1.2m | $900k | $1.4m | $2.3m | $2.8m | $1.3m | |
| Deferred tax liabilities | — | $69.8m | $115.0m | $109.6m | $97.7m | $80.8m | $71.6m | $62.0m | $50.7m | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | $395.7m | $422.5m | $421.6m | $420.6m | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | $80.8m | $71.6m | $62.0m | $50.7m | |
| Pensionand Other Post Retirement Benefit Plans Current | — | — | — | — | — | $2.1m | $3.8m | $4.7m | $7.8m | |
| Deferred Tax Liabilities, Net | — | — | $115.0m | $109.6m | $97.7m | $80.2m | $71.6m | $62.0m | $50.7m | |
| Liabilities | $817k | $18.0m | $572.6m | $610.6m | $577.2m | $520.7m | $550.7m | $556.1m | $590.0m | |
| Total liabilities | $817k | $18.0m | $572.6m | $610.6m | $577.2m | $520.7m | $550.7m | $556.1m | $590.0m | |
| Stockholders’ equity: | ||||||||||
| Common Stock, Value, Issued | — | — | $0 | — | — | — | — | — | $0 | |
| Additional Paid in Capital | $61k | $3.6m | $557.5m | $564.7m | $688.9m | $704.3m | $693.7m | $699.6m | $722.3m | |
| Retained Earnings (Accumulated Deficit) | ($9k) | $1.4m | ($29.1m) | ($52.5m) | ($55.3m) | ($96.7m) | ($123.8m) | ($145.3m) | ($183.6m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | $3.4m | $10.7m | $2.6m | $5.2m | $2.1m | ($6.2m) | ($3.8m) | |
| Class A common stock, $0.0001 par, 200,000,000 shares authorized at December 31, 2025 and 2024; shares issued and outstanding: 84,385,870 and 83,267,367 at December 31, 2025 and 2024, respectively | 1k | 1k | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Accumulated deficit | ($9k) | $1.4m | ($29.1m) | ($52.5m) | ($55.3m) | ($96.7m) | ($123.8m) | ($145.3m) | ($183.6m) | |
| Accumulated other comprehensive loss | — | ($23.6m) | $3.4m | $10.7m | $2.6m | $5.2m | $2.1m | ($6.2m) | ($3.8m) | |
| Capital Stock | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | — | $5.2m | $2.1m | ($6.2m) | ($3.8m) | |
| Stockholders' Equity Attributable to Parent | $54k | $5.0m | $531.8m | $522.9m | $636.2m | $612.8m | $572.0m | $548.1m | $534.9m | |
| Total Equity Gross Minority Interest | — | — | — | — | — | $612.8m | $572.0m | $548.1m | $534.9m | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | $481.6m | $502.7m | $487.7m | $506.0m | |
| Liabilities and Equity | $871k | $309.2m | $1.1b | $1.1b | $1.2b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Total liabilities and shareholders' equity | $871k | $309.2m | $1.1b | $1.1b | $1.2b | $1.1b | $1.1b | $1.1b | $1.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.