Here are the 10-K annual reports from Ranpak Holdings Corp. (PACK) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PACK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PACK filings page.
Ranpak Holdings Corp. outlines its business, risks and strategy in its annual report for the year ended December 31, 2025. The company generated $395.0 million in 2025 net revenue, with about 47% from North America, 45% from Europe and 8% from Asia and other regions.
Ranpak operates a razor/razor‑blade model in paper-based protective packaging, with recurring revenue from consumables used in over 145,000 installed systems. Void-fill products provided 45% of 2025 net revenue, cushioning 36%, wrapping 9% and automation solutions 10%. E‑commerce end‑users represented roughly 40% of net revenue.
The report highlights growth opportunities in e‑commerce, automation, cold chain and APAC expansion, alongside key risks including paper supply concentration, input cost volatility, global operations, labor issues, climate and ESG regulation, significant customer warrants and substantial risk factors that could affect financial results and share price.