# Karat Packaging Inc.: financial statements, quarterly

KRT · Nasdaq · CIK 1758021 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/krt.md) · [Financials](/companies/krt/financials.md) · [Filings](/companies/krt/filings.md) · [Insiders](/companies/krt/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/krt/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [106](/filings/0001628280-24-046600.md) | [95.6 d](/filings/0001628280-25-012816.md) | [95.6](/filings/0001628280-25-024233.md) | [113](/filings/0001628280-25-039187.md) | [113](/filings/0001758021-25-000009.md) | [102 d](/filings/0001758021-26-000010.md) | [104](/filings/0001758021-26-000021.md) | [124](/filings/0001758021-26-000026.md) | [125](/filings/0001758021-25-000009.md) | [116 d](/filings/0001758021-26-000010.md) | [117](/filings/0001758021-26-000021.md) | [136](/filings/0001758021-26-000026.md) |
| Cost of revenue | $m | [66.6](/filings/0001628280-24-046600.md) | [61.5 d](/filings/0001628280-25-012816.md) | [58.0](/filings/0001628280-25-024233.md) | [69.2](/filings/0001628280-25-039187.md) | [69.3](/filings/0001758021-25-000009.md) | [61.8 d](/filings/0001758021-26-000010.md) | [62.9](/filings/0001758021-26-000021.md) | [74.9](/filings/0001758021-26-000026.md) | [81.6](/filings/0001758021-25-000009.md) | [76.3 d](/filings/0001758021-26-000010.md) | [75.4](/filings/0001758021-26-000021.md) | [59.1](/filings/0001758021-26-000026.md) |
| Gross profit | $m | [38.9](/filings/0001628280-24-046600.md) | [34.1 d](/filings/0001628280-25-012816.md) | [37.6](/filings/0001628280-25-024233.md) | [43.4](/filings/0001628280-25-039187.md) | [43.5](/filings/0001758021-25-000009.md) | [39.8 d](/filings/0001758021-26-000010.md) | [40.8](/filings/0001758021-26-000021.md) | [49.1](/filings/0001758021-26-000026.md) | [42.9](/filings/0001758021-25-000009.md) | [39.3 d](/filings/0001758021-26-000010.md) | [41.5](/filings/0001758021-26-000021.md) | [77.2](/filings/0001758021-26-000026.md) |
| Operating income | $m | [11.4](/filings/0001628280-24-046600.md) | [4.6 d](/filings/0001628280-25-012816.md) | [8.1](/filings/0001628280-25-024233.md) | [11.1](/filings/0001628280-25-039187.md) | [11.3](/filings/0001758021-25-000009.md) | [7.3 d](/filings/0001758021-26-000010.md) | [7.8](/filings/0001758021-26-000021.md) | [16.6](/filings/0001758021-26-000026.md) | [8.6](/filings/0001758021-25-000009.md) | [8.5 d](/filings/0001758021-26-000010.md) | [8.5](/filings/0001758021-26-000021.md) | [37.6](/filings/0001758021-26-000026.md) |
| Interest expense | $m | [0.5](/filings/0001628280-23-038270.md) | [0.5 d](/filings/0001628280-24-011444.md) | [0.5](/filings/0001628280-24-022639.md) | [0.5](/filings/0001628280-25-039187.md) | [0.5](/filings/0001758021-25-000009.md) | [0.5 d](/filings/0001758021-26-000010.md) | [0.5](/filings/0001758021-26-000021.md) | [0.5](/filings/0001758021-26-000026.md) | [0.5](/filings/0001758021-25-000009.md) | [0.5 d](/filings/0001758021-26-000010.md) | [0.4](/filings/0001758021-26-000021.md) | [0.4](/filings/0001758021-26-000026.md) |
| Income tax | $m | [2.9](/filings/0001628280-24-046600.md) | [0.8 d](/filings/0001628280-25-012816.md) | [2.0](/filings/0001628280-25-024233.md) | [2.8](/filings/0001628280-25-039187.md) | [2.6](/filings/0001758021-25-000009.md) | [2.5 d](/filings/0001758021-26-000010.md) | [2.1](/filings/0001758021-26-000021.md) | [3.5](/filings/0001758021-26-000026.md) | [2.3](/filings/0001758021-25-000009.md) | [2.5 d](/filings/0001758021-26-000010.md) | [2.2](/filings/0001758021-26-000021.md) | [9.4](/filings/0001758021-26-000026.md) |
| Net income | $m | [9.1](/filings/0001628280-24-046600.md) | [3.9 d](/filings/0001628280-25-012816.md) | [6.2](/filings/0001628280-25-024233.md) | [9.1](/filings/0001628280-25-039187.md) | [9.1](/filings/0001758021-25-000009.md) | [5.6 d](/filings/0001758021-26-000010.md) | [6.4](/filings/0001758021-26-000021.md) | [10.9](/filings/0001758021-26-000026.md) | [7.3](/filings/0001758021-25-000009.md) | [6.8 d](/filings/0001758021-26-000010.md) | [6.7](/filings/0001758021-26-000021.md) | [29.3](/filings/0001758021-26-000026.md) |
| Diluted EPS | $ per share | [0.45](/filings/0001628280-24-046600.md) | not reported | [0.31](/filings/0001628280-25-024233.md) | [0.45](/filings/0001628280-25-039187.md) | [0.45](/filings/0001758021-25-000009.md) | not reported | [0.32](/filings/0001758021-26-000021.md) | [0.54](/filings/0001758021-26-000026.md) | [0.36](/filings/0001758021-25-000009.md) | not reported | [0.34](/filings/0001758021-26-000021.md) | [1.46](/filings/0001758021-26-000026.md) |
| Basic EPS | $ per share | [0.46](/filings/0001628280-24-046600.md) | not reported | [0.31](/filings/0001628280-25-024233.md) | [0.46](/filings/0001628280-25-039187.md) | [0.45](/filings/0001758021-25-000009.md) | not reported | [0.32](/filings/0001758021-26-000021.md) | [0.55](/filings/0001758021-26-000026.md) | [0.36](/filings/0001758021-25-000009.md) | not reported | [0.34](/filings/0001758021-26-000021.md) | [1.47](/filings/0001758021-26-000026.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Cost of revenue: us-gaap:CostOfGoodsAndServicesSold
- Gross profit: us-gaap:GrossProfit
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [28.2](/filings/0001628280-23-038270.md) | [23.1](/filings/0001628280-25-012816.md) | [13.1](/filings/0001628280-24-022639.md) | [19.3](/filings/0001628280-24-036439.md) | [38.9](/filings/0001628280-24-046600.md) | [31.6](/filings/0001758021-26-000010.md) | [32.5](/filings/0001628280-25-024233.md) | [30.5](/filings/0001628280-25-039187.md) | [24.0](/filings/0001758021-25-000009.md) | [37.9](/filings/0001758021-26-000026.md) | [28.7](/filings/0001758021-26-000021.md) | [38.4](/filings/0001758021-26-000026.md) |
| Current assets | $m | [159](/filings/0001628280-23-038270.md) | [155](/filings/0001628280-25-012816.md) | [161](/filings/0001628280-24-022639.md) | [170](/filings/0001628280-24-036439.md) | [170](/filings/0001628280-24-046600.md) | [161](/filings/0001758021-26-000010.md) | [172](/filings/0001628280-25-024233.md) | [186](/filings/0001628280-25-039187.md) | [171](/filings/0001758021-25-000009.md) | [161](/filings/0001758021-26-000026.md) | [161](/filings/0001758021-26-000021.md) | [199](/filings/0001758021-26-000026.md) |
| Total assets | $m | [280](/filings/0001628280-23-038270.md) | [276](/filings/0001628280-25-012816.md) | [279](/filings/0001628280-24-022639.md) | [311](/filings/0001628280-24-036439.md) | [307](/filings/0001628280-24-046600.md) | [295](/filings/0001758021-26-000010.md) | [312](/filings/0001628280-25-024233.md) | [321](/filings/0001628280-25-039187.md) | [303](/filings/0001758021-25-000009.md) | [288](/filings/0001758021-26-000026.md) | [283](/filings/0001758021-26-000021.md) | [317](/filings/0001758021-26-000026.md) |
| Current liabilities | $m | [45.7](/filings/0001628280-23-038270.md) | [44.4](/filings/0001628280-25-012816.md) | [48.2](/filings/0001628280-24-022639.md) | [55.6](/filings/0001628280-24-036439.md) | [54.5](/filings/0001628280-24-046600.md) | [46.4](/filings/0001758021-26-000010.md) | [60.1](/filings/0001628280-25-024233.md) | [69.5](/filings/0001628280-25-039187.md) | [79.6](/filings/0001758021-25-000009.md) | [70.2](/filings/0001758021-26-000026.md) | [70.4](/filings/0001758021-26-000021.md) | [88.6](/filings/0001758021-26-000026.md) |
| Total liabilities | $m | [115](/filings/0001628280-23-038270.md) | [114](/filings/0001628280-25-012816.md) | [119](/filings/0001628280-24-022639.md) | [147](/filings/0001628280-24-036439.md) | [143](/filings/0001628280-24-046600.md) | [132](/filings/0001758021-26-000010.md) | [152](/filings/0001628280-25-024233.md) | [158](/filings/0001628280-25-039187.md) | [141](/filings/0001758021-25-000009.md) | [131](/filings/0001758021-26-000026.md) | [128](/filings/0001758021-26-000021.md) | [143](/filings/0001758021-26-000026.md) |
| Long-term debt | $m | [0.2](/filings/0001628280-23-038270.md) | [0.2](/filings/0001628280-24-022639.md) | [0.2](/filings/0001628280-24-022639.md) | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Current portion of debt | $m | [1.1](/filings/0001628280-23-038270.md) | [1.1](/filings/0001628280-25-012816.md) | [1.1](/filings/0001628280-24-022639.md) | [1.2](/filings/0001628280-24-036439.md) | [1.2](/filings/0001628280-24-046600.md) | [1.2](/filings/0001758021-26-000010.md) | [1.2](/filings/0001628280-25-024233.md) | [1.2](/filings/0001628280-25-039187.md) | [21.1](/filings/0001758021-25-000009.md) | [12.9](/filings/0001758021-26-000026.md) | [12.7](/filings/0001758021-26-000021.md) | [12.1](/filings/0001758021-26-000026.md) |
| Shareholders' equity | $m | [154](/filings/0001628280-23-038270.md) | [154](/filings/0001628280-25-012816.md) | [154](/filings/0001628280-24-022639.md) | [158](/filings/0001628280-24-036439.md) | [157](/filings/0001628280-24-046600.md) | [156](/filings/0001758021-26-000010.md) | [153](/filings/0001628280-25-024233.md) | [156](/filings/0001628280-25-039187.md) | [154](/filings/0001758021-25-000009.md) | [149](/filings/0001758021-26-000026.md) | [147](/filings/0001758021-26-000021.md) | [166](/filings/0001758021-26-000026.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:LongTermDebtCurrent
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [12.0 d](/filings/0001628280-24-046600.md) | [10.3 d](/filings/0001628280-25-012816.md) | [6.6](/filings/0001628280-25-024233.md) | [13.7 d](/filings/0001628280-25-039187.md) | [19.5 d](/filings/0001758021-25-000009.md) | [8.3 d](/filings/0001758021-26-000010.md) | [7.7](/filings/0001758021-26-000021.md) | [9.8 d](/filings/0001758021-26-000026.md) | [1.0 d](/filings/0001758021-25-000009.md) | [15.4 d](/filings/0001758021-26-000010.md) | [7.2](/filings/0001758021-26-000021.md) | [33.2 d](/filings/0001758021-26-000026.md) |
| Capital expenditure | $m | [1.1 d](/filings/0001628280-24-046600.md) | [(0.0) d](/filings/0001628280-25-012816.md) | [0.2](/filings/0001628280-25-024233.md) | [0.3 d](/filings/0001628280-25-039187.md) | [0.3 d](/filings/0001758021-25-000009.md) | [0.2 d](/filings/0001758021-26-000010.md) | [0.1](/filings/0001758021-26-000021.md) | [0.2 d](/filings/0001758021-26-000026.md) | [0.2 d](/filings/0001758021-25-000009.md) | [0.2 d](/filings/0001758021-26-000010.md) | [0.6](/filings/0001758021-26-000021.md) | [0.1 d](/filings/0001758021-26-000026.md) |
| Dividends paid | $m | [10.0 d](/filings/0001628280-24-046600.md) | [4.0 d](/filings/0001628280-25-012816.md) | [6.0](/filings/0001628280-25-024233.md) | [7.0 d](/filings/0001628280-25-039187.md) | [10.0 d](/filings/0001758021-25-000009.md) | [8.0 d](/filings/0001758021-26-000010.md) | [9.0](/filings/0001758021-26-000021.md) | [9.0 d](/filings/0001758021-26-000026.md) | [9.0 d](/filings/0001758021-25-000009.md) | [9.0 d](/filings/0001758021-26-000010.md) | [9.0](/filings/0001758021-26-000021.md) | [9.0 d](/filings/0001758021-26-000026.md) |
| Share repurchases | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Dividends paid: us-gaap:PaymentsOfDividendsCommonStock
- Share repurchases: not reported

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [19.9](/filings/0001628280-23-038270.md) | [19.9](/filings/0001628280-24-022639.md) | [20.0](/filings/0001628280-24-036439.md) | [20.0](/filings/0001628280-24-046600.md) | [20.1](/filings/0001628280-25-024233.md) | [20.1](/filings/0001628280-25-039187.md) | [20.1](/filings/0001758021-25-000009.md) | [20.2](/filings/0001758021-26-000021.md) | [20.2](/filings/0001758021-26-000026.md) | [20.2](/filings/0001758021-25-000009.md) | [20.1](/filings/0001758021-26-000021.md) | [20.1](/filings/0001758021-26-000026.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 19,931,721 at 2026-08-04, from the cover of the [10-Q filed 2026-08-07](/filings/0001758021-26-000026.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:47 ET. No prices; not investment advice.