Karat Packaging Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	24.02	31.58	23.08	16.04	-	0.45
Short-Term Investments	19.95	28.34	26.34	-	-	-
Cash & Short-Term Investments	43.97	59.93	49.42	16.04	-	0.45
Cash Growth	-27.25%	21.26%	208.08%	-	-	-44.14%
Accounts Receivable	37.87	26.74	27.76	29.91	-	23.84
Total Trade Receivables	37.87	26.74	27.76	29.91	-	23.84
Inventory	84.13	70.72	71.53	71.21	-	48.96
Other Current Assets	4.71	3.61	6.22	6.64	-	6.53
Total Current Assets	170.68	161	154.93	123.8	-	79.78
Net Property, Plant & Equipment	127.14	128.61	115.97	111.28	-	95.53
Other Intangible Assets	0.28	0.3	0.33	0.35	-	0.06
Goodwill	3.51	3.51	3.51	3.51	-	3.11
Other Long-Term Assets	1.23	1.11	1.67	13.23	-	2.62
Total Assets	302.84	294.52	276.4	252.18	-	181.1
Accounts Payable	25.27	17.83	18.45	18.56	-	20.07
Accrued Expenses	16.21	13.56	10.58	9.01	-	4.96
Short-Term Debt	1	-	-	-	-	0.79
Current Portion of Long-Term Debt	21.1	1.18	1.12	0.96	-	11.36
Current Portion of Leases	11.65	8.98	4.8	4.51	-	0.32
Unearned Revenue	1.12	0.74	0.95	1.28	-	0.55
Other Current Liabilities	3.26	4.16	8.51	4.94	-	5.08
Total Current Liabilities	79.6	46.45	44.4	39.25	-	43.14
Long-Term Debt	23.03	47.28	48.4	41.56	-	86.58
Long-Term Leases	35.25	35.44	16.69	11.62	-	0.29
Other Long-Term Liabilities	3.36	3.16	4.22	7.81	-	11.23
Total Long-Term Liabilities	61.65	85.88	69.31	60.99	-	98.1
Total Liabilities	141.25	132.32	113.71	100.24	-	141.24
Common Stock	0.02	0.02	0.02	0.02	-	0.02
Treasury Stock	-0.25	-0.25	-0.25	-0.25	-	-0.25
Additional Paid-in Capital	90.8	89.46	86.67	85.79	-	13.98
Retained Earnings	63.91	66.34	67.68	56.12	-	18.66
Total Common Shareholders' Equity	154.48	155.57	154.12	141.68	-	32.4
Minority Interest	7.11	6.63	8.57	10.25	-	7.46
Shareholders' Equity	161.59	162.2	162.69	151.93	-	39.87
Total Liabilities & Equity	302.84	294.52	276.4	252.18	-	181.1
Total Debt	92.03	92.87	71.01	58.65	0	99.35
Net Cash (Debt)	-48.06	-32.94	-21.59	-42.61	-0	-98.9
Net Cash Per Share	-2.38	-1.64	-1.08	-2.14	-	-6.40
Book Value	154.48	155.57	154.12	141.68	0	32.4
Book Value Per Share	7.65	7.73	7.71	7.11	-	2.10
Tangible Book Value	150.69	151.76	150.28	137.82	0	29.23
Tangible Book Value Per Share	7.46	7.54	7.52	6.92	-	1.89

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q