A maker of recyclable paper protective packaging, Ranpak produces machines and consumables under brands like FillPak, PadPak, WrapPak, and Geami that cushion goods in shipping boxes, used by e-commerce and industrial shippers. Founded in 1972 in Painesville, Ohio, the company grew from George Johnson's 1970 patent for a machine that crinkled kraft paper into padding for automotive parts. The name "Ranpak" is short for "Random Packaging," and its paper pads are made substantially from recycled pulp.
Ranpak Holdings holds 2026 annual meeting; all four proposals approved by stockholders.
Class I directors Victoria L. Dolan, Michael S. Gliedman, and Alicia Tranen were elected with votes ranging from 60,087,991 to 64,766,848 in favor.
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Ranpak Holdings Corp. held its annual meeting of stockholders on May 21, 2026.
Stockholders ratified KPMG LLP as independent registered public accounting firm for fiscal 2026 with 75,560,873 votes for, 1,502,622 against, and 161,799 abstentions.
The non-binding advisory resolution on executive compensation passed with 67,402,501 votes for, 463,172 against, and 198,789 abstentions.
Stockholders approved the issuance of Class A Common Stock upon exercise of a warrant to Walmart Inc., with 67,483,841 votes for, 526,982 against, and 53,639 abstentions.
5.07 Submission of Matters to a Vote of Security Holders
Ranpak Holdings reports Q3 2025 net revenue of $99.6M, up 8.0% year over year
Net revenue for Q3 2025 was $99.6 million, an 8.0% increase year over year (4.4% on a constant currency basis), including a $0.8 million non-cash reduction for warrants.
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Net loss for Q3 2025 was $10.4 million, compared to a net loss of $8.1 million in Q3 2024.
Adjusted EBITDA for Q3 2025 was $21.4 million, up 8.1% year over year (3.5% on a constant currency basis), including a $0.8 million non-cash warrant reduction.
Packaging system placements increased 1.4% year over year to approximately 145.6 thousand machines as of September 30, 2025.
Automation net revenue increased 63.0% to $11.9 million in Q3 2025, and the company expects Automation net revenue of approximately $40–$45 million for full-year 2025.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Ranpak issues Walmart warrant for up to 22.5M shares at $6.8308, vesting on spend
On August 22, 2025, Ranpak Holdings Corp. and Walmart Inc. entered into a Transaction Agreement.
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Ranpak issued Walmart a warrant to acquire up to 22,500,000 shares of common stock at an exercise price of $6.8308 per share.
2,250,000 warrant shares vested immediately; the rest vest based on Walmart's payments under current and future commercial agreements, with full vesting upon $300 million aggregate spend (minus paper procurement costs).
The warrant is exercisable cashless, expires August 22, 2035, and carries no voting rights until exercised.
The warrant and warrant shares are issued under Section 4(a)(2) exemption from registration.
1.01 Entry into a Material Definitive Agreement · 3.02 Unregistered Sales of Equity Securities · 9.01 Financial Statements and Exhibits
Ranpak reports Q2 2025 net revenue up 6.8% to $92.3M, net loss of $7.5M
Net revenue for Q2 2025 was $92.3 million, up 6.8% year over year (3.8% on a constant currency basis), including a $1.2 million non-cash reduction for warrants.
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Net loss was $7.5 million for Q2 2025, compared to net income of $5.5 million in the prior year period.
Adjusted EBITDA was $16.5 million, down 15.8% year over year (down 18.4% on a constant currency basis), including a $1.2 million non-cash reduction for warrants.
Packaging system placements increased 2.7% year over year to approximately 145.0 thousand machines as of June 30, 2025.
The company updated its 2025 guidance, forecasting second half net revenue of $216-$230 million and AEBITDA of $44.5-$54.5 million.
2.02 Results of Operations and Financial Condition · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Ranpak appoints Paul Aram as COO; Eric Laurensse and Antonio Grassotti to depart as Managing Directors.
On June 27, 2025, Ranpak Holdings Corp. appointed Paul Aram, age 64, as Chief Operating Officer, effective upon a mutually agreed start date.
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Aram previously served as Global Supply Chain and Operations Director at IDEX Corp since January 2024 and as VP of Global Operations at Ingersoll Rand from May 2019 to December 2023.
Aram's employment agreement, effective June 30, 2025, provides an annual base salary of €310,000, a target cash bonus of 40% of base salary, and a one-time award of 5,000 PRSUs and 5,000 RSUs.
Eric Laurensse will depart as Managing Director, Europe, effective August 1, 2025, and Antonio Grassotti will depart as Managing Director, APAC, effective July 31, 2025; both departures are not due to any disagreement.
Laurensse's separation agreement allows 76,641 RSUs scheduled to vest in 2026 to continue vesting; Grassotti's allows 49,965 RSUs scheduled to vest in 2026 to continue vesting.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits