Karat Packaging Inc. (KRT) Financial Statements
Industry: Plastics Products (Other)
In fiscal 2025, Karat Packaging reported revenue of $467.7M, up 10.7% from $422.6M the year before. Net income was $31.5M (a 6.7% net margin), or $1.56 per diluted share. Gross margin was 36.8% and operating margin was 8.9%. Operating activities generated $33.8M of cash, leaving $33.1M of free cash flow. At fiscal year end, Karat Packaging held $287.7M in total assets against $130.8M in total liabilities, including $37.9M of cash and equivalents.
Open the full interactive Karat Packaging financials → Quarterly statements, key ratios, valuation history and price charts.
Karat Packaging Key Stats
| Share Price | $53.86 |
|---|---|
| Market Cap | $1.08B |
| P/E Ratio | 34.5 |
| Revenue YoY Growth | +10.7% |
| 52-Week Range | $19.72 – $54.68 |
| Shares Outstanding | 19.9 million (basic, 2026 Q2) |
Karat Packaging Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $364.2M | $423.0M | $405.7M | $422.6M | $467.7M |
| Cost of Goods Sold | $256.4M | $290.9M | $252.6M | $258.3M | $295.6M |
| Gross Profit | $107.8M | $132.1M | $153.0M | $164.3M | $172.1M |
| Operating Income | $23.1M | $30.0M | $42.1M | $37.8M | $41.4M |
| Pre-Tax Income | $27.5M | $32.5M | $43.0M | $40.7M | $43.0M |
| Income Tax | $5.1M | $6.7M | $9.8M | $9.9M | $10.4M |
| Net Income | $20.8M | $23.6M | $32.5M | $30.0M | $31.5M |
| Diluted EPS | $1.12 | $1.19 | $1.63 | $1.49 | $1.56 |
Karat Packaging Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $124.5M | $115.6M | $116.9M | $136.3M |
| Net Income | $7.3M | $6.8M | $6.7M | $29.3M |
| Diluted EPS | $0.36 | $0.34 | $0.34 | $1.46 |
Karat Packaging Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $6.5M | $16.0M | $23.1M | $31.6M | $37.9M |
| Current Assets | $102.9M | $123.8M | $154.9M | $161.0M | $161.2M |
| Total Assets | $207.6M | $252.2M | $276.4M | $294.5M | $287.7M |
| Current Liabilities | $30.8M | $39.3M | $44.4M | $46.4M | $70.2M |
| Total Long-Term Debt | $36.7M | $1.2M | $1.3M | $48.6M | $35.9M |
| Total Liabilities | $75.6M | $100.2M | $113.7M | $132.3M | $130.8M |
| Shareholders' Equity | $122.9M | $141.7M | $154.1M | $155.6M | $149.4M |
Karat Packaging Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $8.7M | $29.5M | $53.4M | $48.0M | $33.8M |
| Cash From Investing | -$13.3M | -$17.8M | -$30.2M | -$5.9M | $25.4M |
| Cash From Financing | $10.6M | -$2.1M | -$16.2M | -$33.6M | -$52.9M |
| Free Cash Flow | $4.5M | $26.8M | $50.5M | $47.0M | $33.1M |
Figures from Karat Packaging's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Karat Packaging financials page for every line item.
Karat Packaging Company Profile
| Ticker | KRT |
|---|---|
| Exchange | Nasdaq |
| Industry | Plastics Products (Other) |
| Headquarters | Chino, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company, emerging growth company |
| SEC CIK | 0001758021 |
Frequently Asked Questions
What was Karat Packaging's revenue in fiscal 2025?
Karat Packaging (KRT) reported revenue of $467.7M for fiscal 2025.
What is Karat Packaging's annual revenue history?
Karat Packaging's annual revenue by fiscal year: 2021: $364.2M; 2022: $423.0M; 2023: $405.7M; 2024: $422.6M; 2025: $467.7M.
What was Karat Packaging's net income in fiscal 2025?
Karat Packaging reported net income of $31.5M for fiscal 2025.
What was Karat Packaging's earnings per share (EPS) in fiscal 2025?
Karat Packaging's diluted EPS was $1.56 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Karat Packaging generate in fiscal 2025?
Karat Packaging generated $33.1M of free cash flow in fiscal 2025.
What was Karat Packaging's revenue last quarter?
In its most recent reported quarter (2026 Q2), Karat Packaging reported revenue of $136.3M.
How much debt does Karat Packaging have?
Karat Packaging reported $35.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Karat Packaging are outstanding?
Karat Packaging reported a weighted average of 19.9 million basic shares outstanding in 2026 Q2.
What is Karat Packaging's market cap?
Based on its latest closing price, Karat Packaging (KRT) has a market capitalization of about $1.08B.
When does Karat Packaging's fiscal year end?
Karat Packaging's fiscal year end, as registered with the SEC, is December 31.
Where is Karat Packaging headquartered?
Karat Packaging lists its business address in Chino, California in its SEC filings.