Karat Packaging Inc.
KRT- Exchange
- Nasdaq
- Industry
- Plastics Products, NEC
- SEC CIK
- 0001758021
In the last 90 days, Karat Packaging Inc. insiders filed 1 open-market purchase and 3 sales; 142 institutions reported holding it in 13F filings for Q2 2026, worth $237.6M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:58 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K/A |
| Reported | Mar 12, 2026 | Mar 13, 2025 | Mar 14, 2024 | Mar 16, 2023 | Mar 24, 2022 |
| Revenue | $467.7M | $422.6M | $405.7M | $423.0M | $364.2M |
| Cost of revenue | $295.6M | $258.3M | $252.6M | $290.9M | $256.4M |
| Gross profit | $172.1M | $164.3M | $153.0M | $132.1M | $107.8M |
| Operating expenses | $130.7M | $126.6M | $111.0M | $102.1M | $84.7M |
| Selling, general and administrative | $77.4M | $71.5M | $67.0M | $66.2M | $52.4M |
| Operating income | $41.4M | $37.8M | $42.1M | $30.0M | $23.1M |
| Interest expense | – | – | $2.04M | $2.02M | – |
| Income tax | $10.4M | $9.87M | $9.80M | $6.68M | $5.09M |
| Net income | $31.5M | $30.0M | $32.5M | $23.6M | $20.8M |
| EPS, basic | $1.57 | $1.50 | $1.63 | $1.19 | $1.13 |
| EPS, diluted | $1.56 | $1.49 | $1.63 | $1.19 | $1.12 |
| Weighted shares, basic | 20.1M | 20.0M | 19.9M | 19.8M | 18.4M |
| Weighted shares, diluted | 20.2M | 20.1M | 20.0M | 19.9M | 18.6M |
| Margins and growth | |||||
| Gross margin | 36.8% | 38.9% | 37.7% | 31.2% | 29.6% |
| Operating margin | 8.9% | 8.9% | 10.4% | 7.1% | 6.4% |
| Net margin | 6.7% | 7.1% | 8.0% | 5.6% | 5.7% |
| Revenue growth, year over year | +10.7% | +4.2% | −4.1% | +16.1% | – |
| Net income growth, year over year | +5.0% | −7.7% | +37.3% | +13.8% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K/A |
| Reported | Mar 12, 2026 | Mar 13, 2025 | Mar 14, 2024 | Mar 16, 2023 | Mar 24, 2022 |
| Cash and equivalents | $37.9M | $31.6M | $23.1M | $16.0M | $6.48M |
| Short-term investments | $0 | $28.3M | $26.3M | – | – |
| Accounts receivable | $36.4M | $26.7M | $27.8M | $29.9M | $32.8M |
| Inventory | $81.7M | $70.7M | $71.5M | $71.2M | $58.5M |
| Total current assets | $161.2M | $161.0M | $154.9M | $123.8M | $102.9M |
| Property, plant and equipment | $81.2M | $88.0M | $95.2M | $95.6M | $93.5M |
| Goodwill | $3.51M | $3.51M | $3.51M | $3.51M | $3.51M |
| Intangible assets | $273.0K | $300.0K | $327.0K | $353.0K | $380.0K |
| Total assets | $287.7M | $294.5M | $276.4M | $252.2M | $207.6M |
| Accounts payable | – | – | – | $18.6M | $18.5M |
| Short-term debt | $12.9M | $1.18M | $1.12M | $957.0K | $1.18M |
| Total current liabilities | $70.2M | $46.4M | $44.4M | $39.3M | $30.8M |
| Long-term debt | – | – | $203.0K | $216.0K | – |
| Total liabilities | $130.8M | $132.3M | $113.7M | $100.2M | $75.6M |
| Shareholders' equity | $156.9M | $162.2M | $162.7M | $151.9M | $132.0M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K/A |
| Reported | Mar 12, 2026 | Mar 13, 2025 | Mar 14, 2024 | Mar 16, 2023 | Mar 24, 2022 |
| Operating cash flow | $33.8M | $48.0M | $53.4M | $29.5M | $8.68M |
| Capital expenditures | $756.0K | $934.0K | $2.83M | $2.66M | $4.17M |
| Free cash flow | $33.1M | $47.0M | $50.5M | $26.8M | $4.50M |
| Depreciation and amortization | $10.9M | $10.7M | $10.8M | $10.4M | $10.0M |
| Stock-based compensation | $1.18M | $2.06M | $770.0K | $2.05M | $2.03M |
| Dividends paid | $36.1M | $31.0M | $20.9M | $6.96M | $0 |
| Share buybacks | $3.00M | – | – | – | $0 |
| Investing cash flow | $25.4M | -$5.86M | -$30.2M | -$17.8M | -$13.3M |
| Financing cash flow | -$52.9M | -$33.6M | -$16.2M | -$2.07M | $10.6M |
| Net change in cash | $6.30M | $8.51M | $7.04M | $9.56M | $6.04M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.3% | 0.5% | 0.2% | 0.5% | 0.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 3, 2026 | 20.0M | −0.5% | SEC |
| Aug 4, 2026 | 19.9M | −0.8% | SEC |
| May 5, 2026 | 20.0M | −0.5% | SEC |
| Mar 10, 2026 | 20.0M | −0.4% | SEC |
| Nov 5, 2025 | 20.1M | +0.4% | SEC |
| Aug 6, 2025 | 20.1M | +0.4% | SEC |
| May 7, 2025 | 20.1M | +0.4% | SEC |
| Mar 10, 2025 | 20.0M | +0.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.