Company research
Karat Packaging Inc.
CIK 1758021Updated Sep 24, 2026
SecurityKRT · NASDAQ · equity
KRT price & chart
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NASDAQ:KRT on TradingView ↗In the news
Karat Packaging Board Increases Quarterly Cash Dividend ↗
Recent filings
144 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Other Events
Items 8.01, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07
Show 5 more recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Other Events
Items 8.01, 9.01
ARS filing
DEF 14A filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 287,686,000Source | 294,522,000Source | 276,397,000Source | 252,175,000Source |
| Property, Plant and Equipment, NetUSD | 81,159,000Source | 87,982,000Source | 95,226,000Source | 95,568,000Source |
| GoodwillUSD | 3,510,000Source | 3,510,000Source | 3,510,000Source | 3,510,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 273,000Source | 300,000Source | 327,000Source | 353,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 37,880,000Source | 31,584,000Source | 23,076,000Source | 16,041,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 36,402,000Source | 26,736,000Source | 27,763,000Source | 29,912,000Source |
| Inventory, NetUSD | 81,682,000Source | 70,722,000Source | 71,528,000Source | 71,206,000Source |
| Assets, CurrentUSD | 161,188,000Source | 160,997,000Source | 154,929,000Source | 123,800,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 5,224,000Source | 3,612,000Source | 6,219,000Source | 6,641,000Source |
| Operating Lease, Right-of-Use AssetUSD | 40,299,000Source | 40,628,000Source | 20,739,000Source | 15,713,000Source |
| Other Assets, NoncurrentUSD | 1,002,000Source | 1,069,000Source | 619,000Source | 818,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 130,816,000Source | 132,323,000Source | 113,707,000Source | 100,242,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 20,000Source | 20,000Source | 20,000Source | 20,000Source |
| Additional Paid in CapitalUSD | 90,939,000Source | 89,457,000Source | 86,667,000Source | 85,792,000Source |
| Retained Earnings (Accumulated Deficit)USD | 61,704,000Source | 66,340,000Source | 67,679,000Source | 56,118,000Source |
| Stockholders' Equity Attributable to ParentUSD | 149,417,000Source | 155,569,000Source | 154,118,000Source | 141,682,000Source |
| Liabilities and EquityUSD | 287,686,000Source | 294,522,000Source | 276,397,000Source | 252,175,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 70,220,000Source | 46,447,000Source | 44,401,000Source | 39,253,000Source |
| Operating Lease, Liability, CurrentUSD | 11,982,000Source | 8,977,000Source | 4,800,000Source | 4,511,000Source |
| Accounts Payable, CurrentUSD | — | — | — | 18,559,000Source |
| Operating Lease, Liability, NoncurrentUSD | 32,074,000Source | 35,435,000Source | 16,687,000Source | 11,623,000Source |
| Deferred Income Tax Liabilities, NetUSD | 2,936,000Source | 426,000Source | 4,197,000Source | 5,156,000Source |
| Other Liabilities, NoncurrentUSD | 2,724,000Source | 2,736,000Source | 26,000Source | 2,652,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 7,453,000Source | 6,630,000Source | 8,572,000Source | 10,251,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 13,460,000Source | 13,555,000Source | 10,576,000Source | 9,005,000Source |
| Deferred Revenue, CurrentUSD | 713,000Source | 742,000Source | — | — |
| Deferred Tax Liabilities, NetUSD | 2,681,000Source | 426,000Source | 4,197,000Source | 5,156,000Source |
| Long-term Debt, Current MaturitiesUSD | 12,941,000Source | 1,179,000Source | 1,122,000Source | 957,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 203,000Source | 216,000Source |
| Short-term InvestmentsUSD | 0Source | 28,343,000Source | 26,343,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 32,664,000Source | 30,824,000Source | 33,180,000Source | 25,837,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 10,891,000Source | 10,675,000Source | 10,783,000Source | 10,405,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,182,000Source | 2,065,000Source | 770,000Source | 2,047,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 9,834,000Source | -559,000Source | -2,860,000Source | -1,854,000Source |
| Increase (Decrease) in InventoriesUSD | 11,947,000Source | 942,000Source | 3,820,000Source | 16,210,000Source |
| Increase (Decrease) in Accounts PayableUSD | 7,791,000Source | -260,000Source | 696,000Source | 89,000Source |
| Deferred Income Tax Expense (Benefit)USD | 2,255,000Source | -3,771,000Source | -959,000Source | -478,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 33,815,000Source | 47,982,000Source | 53,379,000Source | 29,474,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 25,399,000Source | -5,855,000Source | -30,174,000Source | -17,845,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 756,000Source | 934,000Source | 2,835,000Source | 2,657,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 377,000Source | — | 0Source | 1,063,000Source |
| Payments for Repurchase of Common StockUSD | 2,998,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -52,918,000Source | -33,619,000Source | -16,170,000Source | -2,071,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 36,100,000Source | 31,016,000Source | 20,909,000Source | 6,964,000Source |
| Repayments of Long-term DebtUSD | 12,717,000Source | 1,122,000Source | 1,010,000Source | 21,572,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 6,296,000Source | 8,508,000Source | 7,035,000Source | 9,558,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 37,880,000Source | 31,584,000Source | 23,076,000Source | 16,041,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,910,000Source | 2,031,000Source | 1,996,000Source | 1,978,000Source |
| Income Taxes Paid, NetUSD | — | — | 11,765,000Source | 8,303,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 1,182,000Source | 2,065,000Source | 770,000Source | 2,047,000Source |
| DepreciationUSD | — | — | — | 10,378,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | -759,000Source | 0Source | 2,159,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,543,000Source | 520,000Source | 103,000Source | 1,568,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | -759,000Source | -2,002,000Source | 32,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 493,000Source | 0Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 77,371,000Source | 71,530,000Source | 66,952,000Source | 66,227,000Source |
| GoodwillUSD | 3,510,000Source | 3,510,000Source | 3,510,000Source | 3,510,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 10,358,000Source | 9,871,000Source | 9,804,000Source | 6,676,000Source |
| InterestExpenseNonoperatingUSD | 2,055,000Source | 2,123,000Source | — | — |
| Inventory Write-downUSD | 70,000Source | 290,000Source | -399,000Source | 6,000Source |
| Investment Income, InterestUSD | 2,210,000Source | 2,299,000Source | 1,803,000Source | 2,226,000Source |
| Net Income (Loss) Attributable to ParentUSD | 31,478,000Source | 29,975,000Source | 32,470,000Source | 23,648,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,186,000Source | 849,000Source | 710,000Source | 2,189,000Source |
| Nonoperating Income (Expense)USD | 1,608,000Source | 2,934,000Source | 908,000Source | 2,498,000Source |
| Operating ExpensesUSD | 130,722,000Source | 126,568,000Source | 110,967,000Source | 102,071,000Source |
| Operating Lease, Impairment LossUSD | 0Source | 1,993,000Source | — | — |
| Operating Lease, Lease IncomeUSD | — | — | — | 949,000Source |
| Other Nonoperating Income (Expense)USD | — | 162,000Source | -45,000Source | -228,000Source |
| Proceeds from Stock Options ExercisedUSD | 300,000Source | 725,000Source | 123,000Source | 51,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 467,743,000Source | 422,633,000Source | 405,651,000Source | 422,957,000Source |
| Cost of RevenueUSD | 295,607,000Source | 258,304,000Source | 252,608,000Source | 290,871,000Source |
| Operating Income (Loss)USD | 41,414,000Source | 37,761,000Source | 42,076,000Source | 30,015,000Source |
| Other Nonoperating Income (Expense)USD | — | 162,000Source | -45,000Source | -228,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 43,022,000Source | 40,695,000Source | 42,984,000Source | 32,513,000Source |
| Income Tax Expense (Benefit)USD | 10,358,000Source | 9,871,000Source | 9,804,000Source | 6,676,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,186,000Source | 849,000Source | 710,000Source | 2,189,000Source |
| Net Income (Loss) Attributable to ParentUSD | 31,478,000Source | 29,975,000Source | 32,470,000Source | 23,648,000Source |
| Earnings Per Share, BasicUSD per share | 1.57Source | 1.5Source | 1.63Source | 1.19Source |
| Earnings Per Share, DilutedUSD per share | 1.56Source | 1.49Source | 1.63Source | 1.19Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 20,057,549Source | 20,002,211Source | 19,904,698Source | 19,824,911Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 20,180,070Source | 20,124,284Source | 19,977,712Source | 19,925,905Source |
| Interest Expense (non-operating)USD | 2,055,000Source | 2,123,000Source | — | — |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 1.8Source | 1.55Source | — | — |
| Current Income Tax Expense (Benefit)USD | 8,103,000Source | 13,642,000Source | 10,763,000Source | 7,154,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,543,000Source | 520,000Source | 103,000Source | 1,568,000Source |
| General and Administrative ExpenseUSD | 77,371,000Source | 71,530,000Source | 66,952,000Source | 66,227,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 172,136,000Source | 164,329,000Source | 153,043,000Source | 132,086,000Source |
| Interest ExpenseUSD | — | — | 2,043,000Source | 2,017,000Source |
| Investment Income, InterestUSD | 2,210,000Source | 2,299,000Source | 1,803,000Source | 2,226,000Source |
| Nonoperating Income (Expense)USD | 1,608,000Source | 2,934,000Source | 908,000Source | 2,498,000Source |
| Operating ExpensesUSD | 130,722,000Source | 126,568,000Source | 110,967,000Source | 102,071,000Source |
| Operating Lease, Lease IncomeUSD | — | — | — | 949,000Source |
| Other IncomeUSD | 73,000Source | — | — | — |
| Selling ExpenseUSD | 53,844,000Source | 52,286,000Source | 41,490,000Source | 35,844,000Source |