The top-line beat and accelerating automation growth (112.7% YoY) are positive signals, but the EPS miss and declining cash position ($48.5M) temper enthusiasm. With no updated 2026 guidance, traders should watch the earnings call for any revision to the prior $415M-$445M revenue and $83.5M-$95M AEBITDA outlook. The stock may trade on the revenue beat initially, but the EPS miss and cash burn could cap upside.
Price Chart
Executive Summary
Ranpak reported Q1 2026 net revenue of $101.2M (+11.0% YoY, +4.5% constant currency), beating the $91.6M consensus. Net loss improved to -$10.2M from -$10.9M YoY, but GAAP EPS of -$0.12 missed the -$0.09 consensus. Adjusted EBITDA rose 9.2% to $18.9M. Automation revenue surged 112.7% YoY to $13.4M, but PPS volumes grew only 0.8% and the company continues to post GAAP losses with declining cash reserves ($48.5M vs $63.0M at year-end 2025).
Key Financial Metrics
Key Facts
- Net revenue $101.2M, +11.0% YoY, +4.5% constant currency, vs consensus $91.6M
- GAAP EPS -$0.12 vs consensus -$0.09 (miss of 33.3%)
- Net loss improved to -$10.2M from -$10.9M YoY
- Adjusted EBITDA $18.9M, +9.2% YoY, flat constant currency
- Automation revenue $13.4M, +112.7% YoY
- PPS system placements flat at 144.1K machines (+0.2% YoY)
- Cash balance fell to $48.5M from $63.0M at Dec 31, 2025
- Operating cash flow turned positive to $4.4M vs -$1.3M in Q1 2025
- No updated 2026 guidance provided in this release
Financial Impact
Revenue beat consensus by $9.6M (+10.5%), but EPS missed by $0.03 (-33.3%). AEBITDA grew $1.6M YoY to $18.9M.
Risk Factors
- GAAP EPS miss of 33.3% vs consensus may pressure the stock
- Cash burn: $14.5M decline in cash during Q1, plus $10.0M strategic investment
- PPS volume growth only 0.8% — core business remains sluggish
- No updated guidance creates uncertainty about H2 trajectory
- Warrant provision ($1.7M) continues to weigh on reported revenue and AEBITDA
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-028587 |
| Document: pack-20260430.htm | 0001628280-26-028587 |
| Document: 0001628280-26-028587-index-headers.html | 0001628280-26-028587 |
| Document: 0001628280-26-028587-index.html | 0001628280-26-028587 |
| Document: 0001628280-26-028587.txt | 0001628280-26-028587 |
| 8-K Data (Synthetic) | 0001628280-26-028587 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 12w ago | 8-K | $5.17 $3.68 | ▲ +28.82% | ▲ +31.28% | $3.97 (+23.21%) |
Jun 19, 2026 18w ago | Institutional Cluster | $7.27 $3.81 | ▼ −47.59% | ▼ −49.34% | $3.97 (−45.39%) |
Apr 30, 2026 25w ago | 8-K | $5.09 $6.69 | ▲ +31.43% | ▲ +28.33% | $3.97 (−22.00%) |
Apr 24, 2026 26w ago | DEFA14A | $4.12 $7.01 | ▲ +70.15% | ▲ +65.37% | $3.97 (−3.64%) |
Mar 5, 2026 33w ago | 8-K | $4.24 $6.89 | ▲ +62.50% | ▲ +51.20% | $3.97 (−6.37%) |
US Market Status
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