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Side-by-side financial comparison of Golden Matrix Group, Inc. (GMGI) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $49.6M, roughly 1.9× Golden Matrix Group, Inc.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -15.8%). Over the past eight quarters, Golden Matrix Group, Inc.'s revenue compounded faster (104.6% CAGR vs 13.7%).
Golden Matrix Group Inc. is a global gaming tech firm that develops and licenses proprietary online gaming platforms, social casino products and interactive solutions. It serves B2B gaming operator clients across North America, Europe and Asia-Pacific, plus runs direct-to-consumer casual gaming properties.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
GMGI vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.6M | $93.7M |
| Net Profit | $-88.7M | — |
| Gross Margin | 57.5% | 39.0% |
| Operating Margin | -188.3% | -1.0% |
| Net Margin | -179.0% | — |
| Revenue YoY | -15.8% | 2.3% |
| Net Profit YoY | -4880.1% | — |
| EPS (diluted) | $-7.73 | $-0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $49.6M | $93.7M | ||
| Q3 25 | $47.3M | $83.6M | ||
| Q2 25 | $43.2M | $77.8M | ||
| Q1 25 | $42.7M | $77.6M | ||
| Q4 24 | $58.9M | $91.6M | ||
| Q3 24 | $41.0M | $78.6M | ||
| Q2 24 | $39.4M | $72.8M | ||
| Q1 24 | $11.8M | $72.5M |
| Q4 25 | $-88.7M | — | ||
| Q3 25 | $566.0K | $-10.4M | ||
| Q2 25 | $-3.6M | $-7.5M | ||
| Q1 25 | $-231.6K | $-10.9M | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $-3.4M | $-8.1M | ||
| Q2 24 | $64.9K | $5.5M | ||
| Q1 24 | $74.5K | $-8.1M |
| Q4 25 | 57.5% | 39.0% | ||
| Q3 25 | 55.8% | 41.1% | ||
| Q2 25 | 56.4% | 37.1% | ||
| Q1 25 | 56.6% | 39.8% | ||
| Q4 24 | 69.8% | 45.2% | ||
| Q3 24 | 54.7% | 43.8% | ||
| Q2 24 | 55.0% | 43.5% | ||
| Q1 24 | 28.5% | 44.6% |
| Q4 25 | -188.3% | -1.0% | ||
| Q3 25 | -0.8% | -6.8% | ||
| Q2 25 | -5.3% | -12.5% | ||
| Q1 25 | -0.2% | -10.3% | ||
| Q4 24 | 5.6% | 1.5% | ||
| Q3 24 | -2.4% | -5.3% | ||
| Q2 24 | 0.3% | -7.1% | ||
| Q1 24 | 2.4% | -6.6% |
| Q4 25 | -179.0% | — | ||
| Q3 25 | 1.2% | -12.4% | ||
| Q2 25 | -8.3% | -9.6% | ||
| Q1 25 | -0.5% | -14.0% | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | -8.3% | -10.3% | ||
| Q2 24 | 0.2% | 7.6% | ||
| Q1 24 | 0.6% | -11.2% |
| Q4 25 | $-7.73 | $-0.11 | ||
| Q3 25 | $0.00 | $-0.12 | ||
| Q2 25 | $-0.03 | $-0.09 | ||
| Q1 25 | $0.00 | $-0.13 | ||
| Q4 24 | $-0.13 | $-0.13 | ||
| Q3 24 | $-0.03 | $-0.10 | ||
| Q2 24 | $0.00 | $0.07 | ||
| Q1 24 | $0.00 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $46.5M | $534.9M |
| Total Assets | $118.1M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.0M | ||
| Q3 25 | — | $49.9M | ||
| Q2 25 | — | $49.2M | ||
| Q1 25 | — | $65.5M | ||
| Q4 24 | — | $76.1M | ||
| Q3 24 | — | $69.5M | ||
| Q2 24 | — | $65.1M | ||
| Q1 24 | — | $55.1M |
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
| Q4 25 | $46.5M | $534.9M | ||
| Q3 25 | $123.5M | $537.8M | ||
| Q2 25 | $121.3M | $539.0M | ||
| Q1 25 | $108.5M | $544.1M | ||
| Q4 24 | $105.1M | $548.1M | ||
| Q3 24 | $94.3M | $564.3M | ||
| Q2 24 | $90.4M | $566.2M | ||
| Q1 24 | $32.1M | $560.0M |
| Q4 25 | $118.1M | $1.1B | ||
| Q3 25 | $209.8M | $1.1B | ||
| Q2 25 | $210.3M | $1.1B | ||
| Q1 25 | $214.0M | $1.1B | ||
| Q4 24 | $213.7M | $1.1B | ||
| Q3 24 | $213.5M | $1.1B | ||
| Q2 24 | $191.5M | $1.1B | ||
| Q1 24 | $37.1M | $1.1B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.71× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.2M | $19.5M |
| Free Cash FlowOCF − Capex | $6.4M | — |
| FCF MarginFCF / Revenue | 13.0% | — |
| Capex IntensityCapex / Revenue | 3.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $19.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $19.5M | ||
| Q3 25 | $7.0M | $8.5M | ||
| Q2 25 | $2.4M | $-3.6M | ||
| Q1 25 | $7.7M | $-1.3M | ||
| Q4 24 | — | $6.5M | ||
| Q3 24 | $4.8M | $10.1M | ||
| Q2 24 | — | $19.6M | ||
| Q1 24 | $8.2K | $5.2M |
| Q4 25 | $6.4M | — | ||
| Q3 25 | $6.2M | — | ||
| Q2 25 | $-89.4K | — | ||
| Q1 25 | $6.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.3M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $6.7K | — |
| Q4 25 | 13.0% | — | ||
| Q3 25 | 13.1% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | 3.6% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 5.7% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | 12.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | 0.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GMGI
| R Kings And CFAC | $43.8M | 88% |
| Other | $5.8M | 12% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
