PACK (PACK) financial statements
PACK reported revenue of $333M in fiscal 2025, up 6.8% a year over 7 years.
Net income was -$38M and the operating margin -7.3%, against 14.9% in 2017.
The diluted share count rose 8460396% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PACK's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $210M | $229M | $298M | $384M | $276M | $285M | $316M | $333M |
| Cost of revenue | $132M | $153M | $176M | $235M | $227M | $213M | — | — |
| Gross profit | $112M | $115M | $123M | $149M | $100M | $123M | $140M | $131M |
| Research and development | $2M | $2M | $2M | $2M | $4M | $4M | $4M | $4M |
| Selling, general and admin | $46M | $53M | $72M | $98M | $106M | $92M | $112M | $114M |
| Operating income | $31M | $11M | $12M | $12M | -$42M | -$8M | -$13M | -$24M |
| Interest expense | $31M | $31M | $30M | $22M | $21M | $24M | $29M | $34M |
| Pre-tax income | -$14M | -$16M | -$25M | -$5M | -$57M | -$31M | -$24M | -$48M |
| Income tax | -$41M | -$7M | -$1M | -$2M | -$15M | -$4M | -$2M | -$9M |
| Net income | $28M | -$9M | -$23M | -$3M | -$41M | -$27M | -$22M | -$38M |
| EPS (diluted) | $27,801.44 | -$8,697.61 | -$0.32 | -$0.04 | -$0.51 | -$0.33 | -$0.26 | -$0.45 |
| Diluted shares | 0M | 0M | 72M | 79M | 82M | 82M | 83M | 84M |
| Gross margin | 53.6% | 50.0% | 41.1% | 38.8% | 36.0% | 43.3% | 44.3% | 39.3% |
| Operating margin | 14.9% | 4.8% | 3.9% | 3.2% | -15.4% | -2.6% | -4.1% | -7.3% |
| Net margin | 13.2% | -3.8% | -7.8% | -0.7% | -15.0% | -9.5% | -6.8% | -11.5% |
Balance sheet
Fiscal years, from PACK's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1,896 | $18M | $48M | $104M | $63M | $62M | $76M | $63M |
| Receivables | — | $32M | $39M | $44M | $33M | $32M | $44M | $48M |
| Inventory | — | $12M | $16M | $33M | $25M | $17M | $22M | $31M |
| Total current assets | $1,896 | $68M | $107M | $192M | $140M | $125M | $151M | $154M |
| Property, plant and equipment | — | $73M | $124M | $126M | $124M | $142M | $138M | $139M |
| Goodwill | $360M | $356M | $458M | $453M | $447M | $450M | $444M | $457M |
| Total assets | $870,815 | $793M | $1.1B | $1.2B | $1.1B | $1.1B | $1.1B | $1.1B |
| Total current liabilities | $816,830 | $28M | $58M | $72M | $39M | $48M | $68M | $84M |
| Long-term debt | — | $495M | $433M | $400M | $392M | $398M | $401M | $396M |
| Total liabilities | $816,830 | $596M | $611M | $577M | $521M | $551M | $556M | $590M |
| Shareholders' equity | $212M | $196M | $523M | $636M | $613M | $572M | $548M | $535M |
| Net debt | -$1,896 | $482M | $385M | $297M | $330M | $337M | $329M | $337M |
Cash flow
Fiscal years, from PACK's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $46M | $42M | $64M | $54M | $1M | $53M | $41M | $23M |
| Capital spending | $27M | $25M | $32M | $54M | $45M | $55M | — | — |
| Free cash flow | $19M | $17M | $32M | -$200,000 | -$44M | -$3M | — | — |
| Stock-based compensation | — | — | $7M | $22M | $18M | -$10M | $6M | $8M |
| Share buybacks (net) | -$2M | $0 | $0 | $0 | — | — | — | — |
| Net borrowing | -$12M | -$7M | -$2M | $0 | $0 | -$2M | $19M | -$4M |
| Free cash flow margin | 9.2% | 7.5% | 10.6% | -0.1% | -15.8% | -0.9% | — | — |
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What was PACK's revenue in 2025?
$333M in fiscal 2025, from its 10-K filing.
From PACK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.