Ranpak Holdings Corp. balance sheet

At the end of fiscal 2025, Ranpak Holdings Corp. had total assets of $1.12bn, total liabilities of $590m and shareholders' equity of $535m. It held $63.0m in cash against $402m of debt: net debt of $339m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ranpak Holdings Corp.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	0	18	49	104	63	62	76	63	53
Receivables	—	32	39	44	33	32	44	48	44
Inventory	—	12	16	33	25	17	22	31	29
Total current assets	0	68	107	192	140	125	151	154	145
Goodwill	360	356	458	453	447	450	444	457	453
Total assets	1	793	1,134	1,213	1,134	1,123	1,104	1,125	1,092
Accounts payable	—	12	25	34	24	18	27	37	32
Deferred revenue (current)	—	0	1	3	1	2	3	14	12
Total current liabilities	1	28	58	72	39	48	68	84	81
Short-term debt	—	4	1	0	1	2	4	4	8
Long-term debt	—	495	433	400	392	398	401	396	399
Total debt	0	507	433	401	393	400	406	402	408
Total liabilities	1	596	611	577	521	551	556	590	578
Shareholders' equity	212	196	523	636	613	572	548	535	514
Non-controlling interests and other (assets − liabilities − equity)	−212	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	−0	489	385	298	330	338	330	339	355
Shares outstanding	—	—	76m	81m	—	—	83m	84m	86m

US$ millions unless shown otherwise. Fiscal quarters.

Ranpak Holdings Corp.: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	44	43	45	47	48	44	49	44
Inventory	22	35	38	36	31	34	33	29
Total current assets	151	157	152	147	154	144	146	145
Goodwill	444	448	457	457	457	454	454	453
Total assets	1,104	1,120	1,138	1,130	1,125	1,107	1,097	1,092
Accounts payable	27	37	33	35	37	35	37	32
Deferred revenue (current)	3	3	9	9	14	13	12	12
Total current liabilities	68	88	87	78	84	83	81	81
Short-term debt	4	4	4	4	4	5	5	8
Long-term debt	401	400	398	397	396	397	396	399
Total debt	405	404	402	402	400	402	401	407
Total liabilities	556	575	599	592	590	583	577	578
Shareholders' equity	548	544	539	538	535	525	520	514
Shares outstanding	83m	84m	84m	84m	84m	86m	86m	86m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Ranpak Holdings Corp.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ranpak Holdings Corp.