What is Ranpak Holdings's work in process?

Ranpak Holdings (PACK) reported work in process of $2.7M in Q1 2026.

How has Ranpak Holdings's work in process changed year-over-year?

Ranpak Holdings's work in process decreased by 20.6% year-over-year, from $3.4M to $2.7M.

What is the long-term trend for Ranpak Holdings's work in process?

Over 2 years (2023 to 2025), Ranpak Holdings's work in process has grown at a 100.0% compound annual growth rate (CAGR), from $1.4M to $5.6M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Ranpak Holdings PACK Work in process

Work in process at other companies

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$26.33M-59.0%

Graphic Packaging HoldingGPK

$197M-6.2%

Sonoco ProductsSON

$184.63M—

Mativ HoldingsMATV

$53.8M-3.2%

Smurfit Kappa GroupSW

——

Crown HoldingsCCK

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Other financials

Income statement

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Revenue$101.2M+11.0%

Gross profit$34.9M+12.9%

Operating income-$3.8M+52.5%

Net income-$10.2M+6.4%

EPS (diluted)-$0.12+7.7%

Balance sheet

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Cash & equivalents$48.5M-26.0%

Total debt$431.3M-0.4%

Total equity$524.5M-3.6%

Total assets$1.1B-1.1%

Cash flow

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Operating cash flow$4.4M+438%

CapEx$900.0K+350%

Free cash flow$3.5M+333%

Valuation

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Market cap$619.34M+111%

Enterprise value$1B+51.5%

P/S1.5×+0.7×

Profitability

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Gross margin33.3%-3.7pp

Operating margin-5%—

Net margin-9.3%+7.1pp

FCF margin6.1%-2.5pp

Returns & leverage

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Return on equity-7%+10.5pp

Debt / equity0.8×0.0×

Current ratio1.7×-0.1×

Where this comes from

Reported directly by Ranpak Holdings in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Ranpak Holdings’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ranpak Holdings's work in process?: Ranpak Holdings (PACK) reported work in process of $2.7M in Q1 2026.
How has Ranpak Holdings's work in process changed year-over-year?: Ranpak Holdings's work in process decreased by 20.6% year-over-year, from $3.4M to $2.7M.
What is the long-term trend for Ranpak Holdings's work in process?: Over 2 years (2023 to 2025), Ranpak Holdings's work in process has grown at a 100.0% compound annual growth rate (CAGR), from $1.4M to $5.6M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.