← Ranpak Holdings Corp.

Annual Trend FY 2017 FY 2018 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $244.1m $267.9m $298.2m $383.9m $326.5m $336.3m $315.5m $332.7m
Cost of Goods and Services Sold $154.4m $169.4m $175.6m $235.0m $226.9m $213.0m $216.4m $242.5m
Cost Of Revenue — — — — $226.9m $213.0m $229.1m $264.3m
Reconciled Cost Of Revenue — — — — $190.0m $177.2m $198.9m $233.6m
Gross Profit $112.4m $114.6m $122.6m $148.9m $99.6m $123.3m $139.8m $130.7m
Operating Expenses — $3.7m — — — — — —
Other Operating Expenses ($7.4m) $3.9m $4.7m $3.4m $4.5m $5.2m $5.6m $4.5m
Operating Income (Loss) $31.2m $11.0m $11.7m $12.2m ($42.5m) ($7.5m) ($12.8m) ($24.3m)
Additional Financial Items
Amortization of Intangible Assets — — $28.7m $29.5m $28.8m $29.4m $29.0m $28.8m
Capitalized Computer Software, Amortization — — — — $2.8m $3.0m $3.6m $4.1m
Foreign Currency Transaction Gain (Loss), before Tax — — ($6.1m) $5.3m $2.2m $300k $1.6m $5.3m
Income (Loss) from Continuing Operations before Income Taxes, Domestic — — ($26.8m) ($8.6m) ($40.0m) ($24.7m) ($32.0m) ($41.5m)
Investment Income, Interest — $5.1m — — — — — —
Lease Income — — — — — — $53.4m $62.3m
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent — — — — — — $4.1m $400k
Net product revenue $209.7m $229.2m $258.6m $383.9m $326.5m $336.3m $315.5m $332.7m
Machine lease revenue $34.4m $38.7m $39.6m — $50.1m $51.5m $53.4m $62.3m
Loss from operations $31.2m $11.0m $11.7m $12.2m ($42.5m) ($7.5m) ($12.8m) ($24.3m)
Foreign currency gain $14.2m ($4.2m) $6.1m ($5.3m) ($2.2m) ($300k) ($1.6m) ($5.3m)
Loss on extinguishment of debt — — — — $0 $0 $4.8m $0
Other non-operating income, net — — $0 $0 ($4.3m) ($200k) ($20.9m) ($5.8m)
Loss before income tax benefit ($13.7m) ($15.7m) ($24.6m) ($4.9m) ($56.7m) ($31.3m) ($23.7m) ($47.5m)
Income tax benefit ($41.4m) ($7.1m) ($1.2m) ($2.1m) ($15.3m) ($4.2m) ($2.2m) ($9.2m)
Net loss $27.7m $1.4m ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Basic (in shares) — $995 $72.4m $78.5m $81.9m $82.4m $83.1m $84.2m
Diluted (in shares) — $995 $72.4m $78.5m $81.9m $82.4m $83.1m $84.2m
Foreign currency translation adjustments $21.5m ($7.4m) $16.2m ($15.4m) ($10.5m) $2.0m ($4.2m) ($3.3m)
Interest rate swap adjustments — $0 ($11.3m) $7.3m $14.1m ($7.9m) ($3.4m) $0
Cross currency swap adjustments — — $0 $2.3m $3.3m $0 $0 ($100k)
(Benefit) provision for income taxes related to other comprehensive income (loss) — $0 ($2.4m) $2.3m $4.3m ($2.8m) $700k ($5.8m)
Comprehensive loss, net of tax $49.2m ($16.0m) ($16.1m) ($10.9m) ($38.8m) ($30.2m) ($29.8m) ($35.9m)
Depreciation Amortization Depletion Income Statement $41.9m $43.2m $31.5m $35.0m $32.1m $33.8m $35.1m $36.0m
Depreciation And Amortization In Income Statement $41.9m $43.2m $31.5m $35.0m $32.1m $33.8m $35.1m $36.0m
Diluted EPS — — — — ($0.51) ($0.33) ($0.23) ($0.45)
Diluted NI Availto Com Stockholders $27.7m $1.4m ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Gain On Sale Of Security — — ($6.1m) $5.3m $2.2m $300k $1.6m $5.3m
Net Income From Continuing And Discontinued Operation $27.7m $1.4m ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Net Income From Continuing Operation Net Minority Interest $27.7m $1.4m ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Net Interest Income — — — — ($20.7m) ($24.3m) ($28.6m) ($34.3m)
Normalized EBITDA — — — — $30.8m $62.3m $73.4m $48.2m
Normalized Income — — — — ($43.0m) ($27.4m) ($18.6m) ($42.6m)
Reconciled Depreciation — — — — $69.0m $69.6m $65.3m $66.7m
Restructuring And Mergern Acquisition — — — $0 $0 — — —
Selling General And Administration $46.3m $53.2m $72.5m $98.3m $105.5m $91.8m $111.9m $114.5m
Special Income Charges — — — — $0 $0 ($4.8m) $0
Tax Effect Of Unusual Items — — — — $601k $40k ($297k) $1.0m
Tax Provision ($41.4m) ($7.1m) ($1.2m) ($2.1m) ($15.3m) ($4.2m) ($2.2m) ($9.2m)
Tax Rate For Calcs — — — — $0 $0 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($13.7m) ($15.7m) ($24.6m) ($4.9m) ($56.7m) ($31.3m) ($23.7m) ($47.5m)
Total other comprehensive loss, before tax — ($7.4m) $4.9m ($5.8m) $6.9m ($5.9m) ($7.6m) ($3.4m)
Total other comprehensive income (loss), net of tax — ($7.4m) $7.3m ($8.1m) $2.6m ($3.1m) ($8.3m) $2.4m
Total Unusual Items — — — — $2.2m $300k ($3.2m) $5.3m
Total Unusual Items Excluding Goodwill — — — — $2.2m $300k ($3.2m) $5.3m
Pre-Tax Income ($13.7m) ($15.7m) ($24.6m) ($4.9m) ($56.7m) ($31.3m) ($23.7m) ($47.5m)
Net Income Continuous Operations $27.7m $1.4m ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Net Income (Loss) Attributable to Parent $27.7m $1.4m ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Net Income (Loss) Available to Common Stockholders, Basic $27.7m $1.4m ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Net Income Including Noncontrolling Interests $27.7m $1.4m ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Earnings Per Share, Basic — ($8,697.61) ($0.32) ($0.04) ($0.51) ($0.33) ($0.26) ($0.45)
Earnings Per Share, Diluted — ($0.24) ($0.32) ($0.04) ($0.51) ($0.33) ($0.26) ($0.45)
Weighted Average Number of Shares Outstanding, Basic — 995 72.4m 78.5m 81.9m 82.4m 83.1m 84.2m
Basic Average Shares — $995 $72.4m $78.5m $81.9m $82.4m $83.1m $84.2m
Diluted Average Shares — $995 $72.4m $78.5m $81.9m $82.4m $83.1m $84.2m
Weighted Average Number of Shares Outstanding, Diluted — 995 72.4m 78.5m 81.9m 82.4m 83.1m 84.2m
Research and Development Expense — — $2.3m $1.7m $3.6m $3.7m $4.4m $4.1m
Selling, General and Administrative Expense $46.3m $53.2m $72.5m $98.3m $105.5m $91.8m $111.9m $114.5m
General and Administrative Expense — $762k — — — — — —
Selling, general and administrative expenses $46.3m $53.2m $72.5m $98.3m $105.5m $91.8m $111.9m $114.5m
Other Nonoperating Income (Expense) — — — — $4.3m $200k $20.9m $5.8m
Business Combination, Acquisition Related Costs — — $2.2m $0 $0 — — —
Direct Costs of Leased and Rented Property or Equipment — — — — — — $26.2m $27.1m
Nonoperating Income (Expense) — $5.1m — — — — — —
Other Expenses — — — — $0 — — —
Cost of product sales — — — — $192.6m $181.3m $202.9m $237.2m
Cost of leased machines — — — — $34.3m $31.7m $26.2m $27.1m
Depreciation and amortization expense $41.9m $43.2m $31.5m $35.0m $32.1m $33.8m $35.1m $36.0m
Other operating expense, net ($7.4m) $3.9m $4.7m $3.4m $4.5m $5.2m $5.6m $4.5m
Interest Expense (non-operating) $30.7m $30.9m $30.2m $22.4m $20.7m $24.3m $28.6m $34.3m
Interest Expense $30.7m $30.9m $30.2m $22.4m $20.7m $24.3m $28.6m $34.3m
Current Income Tax Expense (Benefit) — — $3.8m $10.7m $4.4m $1.7m $4.7m ($1.5m)
Other Cost of Operating Revenue — — — — — — $202.9m $237.2m
Net Non Operating Interest Income Expense — — — — ($20.7m) ($24.3m) ($28.6m) ($34.3m)
Operating Expense — — — — $142.1m $130.8m $152.6m $155.0m
Other Income Expense — — — — $6.5m $500k $17.7m $11.1m
Other Non Operating Income Expenses — — — — $4.3m $200k $20.9m $5.8m
Rent Expense Supplemental — — — — $34.3m $31.7m $26.2m $27.1m
Other Operating Income (Expense), Net — — ($4.7m) ($3.4m) ($4.5m) ($5.2m) ($5.6m) ($4.5m)
Income Tax Expense (Benefit) ($41.4m) ($7.1m) ($1.2m) ($2.1m) ($15.3m) ($4.2m) ($2.2m) ($9.2m)
Total Expenses — — — — $369.0m $343.8m $381.7m $419.3m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.