Ranpak Holdings, a NYSE-listed packaging solutions provider, disclosed its second quarter 2026 financial results in a regulatory filing dated July 30, 2026. The company operates through two geographic segments—North America and Europe and Asia—and maintains a diversified customer base including one significant customer relationship. The filing provides detail on the company's asset composition, debt structure, and segment performance during the period ending June 30, 2026.

Key Points

  • NYSE: PACK
  • Company disclosed second quarter 2026 financial information covering the period April 1 through June 30, 2026
  • Operating segments include North America and Europe and Asia divisions with defined asset bases and revenue streams
  • Significant customer concentration noted, with one customer contributing identifiable revenue across multiple periods

Segment Performance and Geographic Reach

Ranpak disclosed operating results across two primary business segments during the second quarter ended June 30, 2026. The North America segment and the Europe and Asia segment each generated revenue and maintained separate asset bases throughout the reporting period. The filing indicates intersegment transactions between these divisions, suggesting integrated operations with internal product or service transfers. Both segments reported operating metrics for the full six-month period ending June 30, 2026, as well as discrete quarterly performance for the three-month interval April 1 through June 30, 2026.

Balance Sheet Position and Debt Facilities

As of June 30, 2026, Ranpak maintained financing arrangements including a term facility and a revolving credit facility. The company disclosed long-term debt positions and current portions of debt obligations. The filing shows the company utilized secured overnight financing rate (SOFR) and base rate options under its credit arrangements, indicating flexibility in borrowing structures. Standby letters of credit and other financing arrangements were also in place as of the balance sheet date, reflecting the company's working capital management approach during the first half of 2026.

Asset Base and Intangible Property

Ranpak's asset composition includes property, plant, and equipment across multiple categories: land, building improvements, leasehold improvements, machinery and equipment, computer and office equipment, and converting machines. The company also maintains significant intangible assets including customer relationships, technology-based intangible assets, intellectual property, and trademarks and trade names. These intangible assets are subject to amortization on weighted-average useful life bases. The filing indicates Ranpak has established lease-related right-of-use assets and corresponding finance lease liabilities on its balance sheet as of June 30, 2026.

Customer Concentration and Revenue Recognition

The disclosure reveals one customer accounted for identifiable revenue amounts during both the six-month and quarterly periods in 2026, as well as comparable periods in 2025. This customer concentration is reflected in accounts receivable balances, indicating a material relationship with this client. The filing presents customer revenue data by operating segment, allowing investors to assess geographic distribution and potential customer diversification risks across North America and Europe and Asia markets.