Ranpak Holdings Corp. (PACK) quarterly cash flow statement — complete operating, investing & financing history
Ranpak Holdings Corp. (PACK) cash flow statement — 9-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 2.7M | 4.4M | 19.5M | 8.5M | -3.6M | -1.3M | -4.5M | 10.1M | 19.6M | 5.2M | 29.1M | 6.4M | 9.1M | 7.5M | 10.6M | 6.8M | -6.9M | -9.4M | 13.5M | 10M |
| Operating CF Margin % | 3.13% | 4.35% | 17.43% | 8.53% | -3.9% | -1.43% | -4.29% | 10.95% | 22.69% | 6.1% | 32.19% | 7.73% | 11.11% | 9.24% | 13.35% | 8.74% | -7.95% | -11.39% | 12.37% | 10.3% |
| Operating CF Growth % | 175% | 438.46% | 533.33% | -15.84% | -118.37% | -125% | -115.46% | 57.81% | 115.38% | -30.67% | 174.53% | -5.88% | 231.88% | 179.79% | -21.48% | -32% | -137.7% | -175.2% | -48.08% | -35.48% |
| Net Income | -7.9M | -10.2M | -9.5M | -10.4M | -7.5M | -10.9M | -8M | -8.1M | 5.5M | -8.1M | -9.3M | -3.3M | -2.1M | -12.4M | -7.3M | -8.7M | -11.3M | -14.1M | -2.5M | -1.4M |
| Depreciation & Amortization | 16.9M | 17.9M | 14M | 18.9M | 16.8M | 15.1M | 15.9M | 14.7M | 17.6M | 19.7M | 20.2M | 17.1M | 17.5M | 17M | 19M | 16.2M | 18.1M | 19.2M | 19.6M | 18.5M |
| Stock-Based Compensation | 1.2M | 1.3M | 1.4M | 2.1M | 2M | 2.1M | 0 | 1.8M | 1.5M | 1.3M | 0 | 0 | -9.5M | 2.8M | 0 | 6.7M | 5.3M | 8.8M | 8.2M | 0 |
| Deferred Taxes | -1.1M | -1.5M | -7.7M | 1.8M | -700K | -1.1M | -9.5M | -1.1M | 3.5M | 200K | -4.4M | -1.2M | -2.3M | 2M | -11.5M | -3.8M | 0 | 0 | 0 | -1.6M |
| Other Non-Cash Items | 1.9M | 3.3M | 6.6M | 1.3M | -5.7M | -600K | -5.8M | -1.9M | -1.4M | -1M | 1.9M | -5.8M | 900K | 700K | -500K | -4.2M | -9.4M | 1.1M | -11.9M | 5.9M |
| Working Capital Changes | -8.3M | -6.4M | 14.7M | -5.2M | -8.5M | -5.9M | 2.9M | 4.7M | -7.1M | -6.9M | 20.7M | -400K | 4.6M | -2.6M | 10.9M | 600K | -9.6M | -24.4M | 100K | -11.4M |
| Change in Receivables | -8.9M | 1.4M | 3.2M | -4.8M | -4M | 1.2M | 3.5M | -3.9M | -6M | -6.2M | 11M | -600K | -2.3M | -1.2M | 9.3M | 2.2M | 2.4M | -4.8M | -2.4M | -3.6M |
| Change in Inventory | 900K | -3.4M | 5.7M | 1.8M | -1.7M | -13.3M | 200K | 3.8M | -6.6M | -2.2M | 2M | 500K | 100K | 2.7M | 9.1M | 8.8M | -2.7M | -7.6M | -2.9M | -5.1M |
| Change in Payables | 1.9M | -1.1M | 1.7M | 1.6M | -3.7M | 8.9M | 2.9M | -3.3M | 6.1M | 3.4M | 500K | -2.7M | 3.6M | -2.1M | -8.2M | -3.1M | 0 | 0 | 0 | 500K |
| Cash from Investing | -6.6M | -18.3M | -5.2M | -7.8M | -12.3M | -7.5M | -7.8M | -5.6M | -8.8M | -10.3M | -20.4M | -6.8M | -13.4M | -11.8M | -10.8M | -3.3M | -13.1M | -10.7M | -19.1M | -23.9M |
| Capital Expenditures | -6.6M | -8.3M | -5.2M | -7.8M | -9.8M | -7.5M | -7.8M | -5.6M | -9.9M | -9.8M | -20.4M | -9.7M | -13.4M | -11.8M | -10.8M | -11.2M | -13M | -9.8M | -13.9M | -14.7M |
| CapEx % of Revenue | 7.64% | 8.2% | 4.65% | 7.83% | 10.62% | 8.22% | 7.43% | 6.07% | 11.46% | 11.49% | 22.57% | 11.71% | 16.36% | 14.53% | 13.6% | 14.4% | 14.98% | 11.88% | 12.74% | 15.14% |
| Acquisitions | 0 | 0 | 0 | 0 | -2.5M | 0 | -5.4M | 0 | 0 | -500K | 0 | 0 | 0 | 0 | 0 | -2.1M | 0 | 0 | -14.1M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 5.4M | 0 | 1.1M | 0 | 0 | 2.9M | 0 | 0 | 0 | 7.9M | -100K | -900K | 8.9M | -9.2M |
| Cash from Financing | -1.3M | 200K | -1.7M | -400K | -2.1M | -2.8M | 15.1M | -700K | -300K | -1.3M | 100K | -700K | -400K | -300K | -200K | -600K | -600K | -3.1M | -600K | -600K |
| Debt Issued (Net) | -1.8M | 1.3M | -2M | -1.6M | -2.1M | -1.5M | 19.4M | -700K | -1.2M | -700K | -800K | -300K | -1.3M | -600K | -200K | -600K | -600K | -600K | -600K | -600K |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -1.2M | 0 | 0 | 0 | 0 | -2.3M | 0 | 0 | 0 | 0 | 0 | 0 | -2.5M | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -1.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.5M | 0 | 0 |
| Other Financing | 500K | -1.1M | 300K | 1.2M | 0 | -100K | -4.3M | 0 | 900K | -600K | 3.2M | -400K | 900K | 300K | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -5.3M | -14.5M | 13.1M | 700K | -16.3M | -10.6M | 6.6M | 4.4M | 10M | -6.9M | 9.9M | -1.8M | -4.7M | -4.2M | 1.5M | 2.1M | -21.3M | -23.4M | -6.5M | -14.9M |
| Free Cash Flow | -3.9M | -3.9M | 14.3M | 700K | -13.4M | -8.8M | -12.3M | 4.5M | 9.7M | -4.6M | 8.7M | -3.3M | -4.3M | -4.3M | -200K | -4.4M | -19.9M | -19.2M | -400K | -4.7M |
| FCF Margin % | -4.51% | -3.85% | 12.78% | 0.7% | -14.52% | -9.65% | -11.71% | 4.88% | 11.23% | -5.39% | 9.62% | -3.99% | -5.25% | -5.3% | -0.25% | -5.66% | -22.93% | -23.27% | -0.37% | -4.84% |
| FCF Growth % | 70.9% | 55.68% | 216.26% | -84.44% | -238.14% | -91.3% | -241.38% | 236.36% | 325.58% | -6.98% | 4450% | 25% | 78.39% | 77.6% | 50% | 6.38% | -763.33% | -1300% | -102.19% | -154.02% |
| FCF per Share | -0.05 | -0.05 | 0.17 | 0.01 | -0.16 | -0.11 | -0.15 | 0.05 | 0.12 | -0.06 | 0.11 | -0.04 | -0.05 | -0.05 | -0.00 | -0.05 | -0.24 | -0.24 | -0.00 | -0.06 |
| FCF Conversion (FCF/Net Income) | -0.34x | -0.43x | -2.05x | -0.82x | 0.48x | 0.12x | 0.42x | -1.25x | 3.56x | -0.64x | -3.13x | -1.94x | -4.33x | -0.60x | -1.45x | -0.78x | 0.61x | 0.67x | -5.40x | -7.14x |
| Interest Paid | 8.3M | 8.3M | 8.8M | 0 | 9.1M | 0 | 0 | 0 | 8.4M | 6M | 0 | 7.3M | 6.1M | 5.8M | 0 | 4.9M | 5.2M | 5.1M | 5.2M | 0 |
| Taxes Paid | 300K | 200K | 0 | 0 | 1.5M | 0 | 0 | 0 | 800K | 400K | 0 | 500K | 1.2M | 800K | 0 | 300K | 0 | 0 | 0 | 0 |