Karat Packaging Inc. (KRT)

Karat Packaging Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	38.4	37.88	31.58	23.08	16.04	6.48
Short-Term Investments	15.74	-	28.34	26.34	-	-
Cash & Short-Term Investments	54.14	37.88	59.93	49.42	16.04	6.48
Cash Growth	-5.00%	-36.79%	21.26%	208.08%	147.43%	1347.10%
Receivables	49.21	36.4	26.74	27.76	29.91	32.78
Inventory	89.09	81.68	70.72	71.53	71.21	58.47
Prepaid Expenses	6.91	5.22	3.61	6.22	6.64	5.14
Total Current Assets	199.34	161.19	161	154.93	123.8	102.87
Property, Plant & Equipment	112.22	121.46	128.61	115.97	111.28	93.48
Goodwill	3.51	3.51	3.51	3.51	3.51	3.51
Other Intangible Assets	0.26	0.27	0.3	0.33	0.35	0.38
Long-Term Deferred Tax Assets	0.26	0.26	-	-	-	-
Other Long-Term Assets	1.23	1	1.11	1.67	13.23	7.36
Total Assets	316.81	287.69	294.52	276.4	252.18	207.6

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	41.39	31	20.96	23.75	23.5	20.47
Accrued Expenses	15.94	13.46	13.56	10.58	9.01	7.44
Current Portion of Long-Term Debt	12.08	12.94	1.18	1.12	0.96	1.18
Current Portion of Leases	12.27	11.98	8.98	4.8	4.51	-
Current Income Taxes Payable	5.71	-	0.07	-	-	0.09
Current Unearned Revenue	1.05	0.78	0.81	3.75	1.28	-
Other Current Liabilities	0.11	0.06	0.9	0.4	-	1.59
Total Current Liabilities	88.55	70.22	46.45	44.4	39.25	30.76
Long-Term Debt	22.52	22.86	47.28	48.4	41.56	36.67
Long-Term Leases	25.84	32.07	35.44	16.69	11.62	-
Long-Term Unearned Revenue	-	2.3	2.37	-	2.65	2.5
Long-Term Deferred Tax Liabilities	2.94	2.94	0.43	4.2	5.16	5.63
Other Long-Term Liabilities	2.69	0.42	0.36	0.03	-	0
Total Liabilities	142.54	130.82	132.32	113.71	100.24	75.57

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.02	0.02	0.02	0.02	0.02	0.02
Additional Paid-In Capital	91.81	90.94	89.46	86.67	85.79	83.69
Retained Earnings	79.89	61.7	66.34	67.68	56.12	39.43
Treasury Stock	-5.25	-3.25	-0.25	-0.25	-0.25	-0.25
Total Common Equity	166.47	149.42	155.57	154.12	141.68	122.9
Minority Interest	7.8	7.45	6.63	8.57	10.25	9.13
Shareholders' Equity	174.28	156.87	162.2	162.69	151.93	132.03
Total Liabilities & Equity	316.81	287.69	294.52	276.4	252.18	207.6

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	72.72	79.86	92.87	71.01	58.65	37.85
Net Cash (Debt)	-18.57	-41.98	-32.94	-21.59	-42.61	-31.37
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.92	-2.08	-1.64	-1.08	-2.14	-1.69
Filing Date Shares Outstanding	19.93	19.96	20.04	19.97	19.89	19.81
Total Common Shares Outstanding	19.92	19.96	19.99	19.97	19.89	19.8
Working Capital	110.79	90.97	114.55	110.53	84.55	72.11
Book Value Per Share	8.36	7.49	7.78	7.72	7.13	6.21
Tangible Book Value	162.7	145.63	151.76	150.28	137.82	119.01
Tangible Book Value Per Share	8.17	7.30	7.59	7.53	6.93	6.01
Land	11.91	11.91	11.91	11.91	11.91	11.91
Buildings	38.59	38.57	38.78	38.5	36.6	35.39
Machinery	76.26	74.95	76.43	75.47	78.57	67.81
Construction In Progress	0.39	-	0.43	-	-	-
Leasehold Improvements	19.21	19.21	19.19	19.09	19.06	18.66

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 8, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 19, 2026

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