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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	33.44	37.88	31.58	23.08	16.04	6.48
Short-Term Investments	10	-	28.34	26.34	-	-
Cash & Short-Term Investments	43.44	37.88	59.93	49.42	16.04	6.48
Cash Growth	-1.19%	-36.79%	21.26%	208.08%	147.43%	1347.10%
Receivables	46.44	36.4	26.74	27.76	29.91	32.78
Inventory	96.79	81.68	70.72	71.53	71.21	58.47
Prepaid Expenses	5.25	5.22	3.61	6.22	6.64	5.14
Total Current Assets	191.93	161.19	161	154.93	123.8	102.87
Property, Plant & Equipment	109.11	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	0.25	0.27	0.3	0.33	0.35	0.38
Long-Term Deferred Tax Assets	0.26	0.26	-	-	-	-
Other Long-Term Assets	1.37	1	1.11	1.67	13.23	7.36
Total Assets	306.43	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	52.62	31	20.96	23.75	23.5	20.47
Accrued Expenses	15.73	13.46	13.56	10.58	9.01	7.44
Current Portion of Long-Term Debt	23.07	12.94	1.18	1.12	0.96	1.18
Current Portion of Leases	12.32	11.98	8.98	4.8	4.51	-
Current Income Taxes Payable	-	-	0.07	-	-	0.09
Current Unearned Revenue	1.01	0.78	0.81	3.75	1.28	-
Other Current Liabilities	0.15	0.06	0.9	0.4	-	1.59
Total Current Liabilities	104.89	70.22	46.45	44.4	39.25	30.76
Long-Term Debt	-	22.86	47.28	48.4	41.56	36.67
Long-Term Leases	24.54	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	2.67	0.42	0.36	0.03	-	0
Total Liabilities	135.04	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	Sep 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	93.65	90.94	89.46	86.67	85.79	83.69
Retained Earnings	74.81	61.7	66.34	67.68	56.12	39.43
Treasury Stock	-5.24	-3.25	-0.25	-0.25	-0.25	-0.25
Total Common Equity	163.24	149.42	155.57	154.12	141.68	122.9
Minority Interest	8.15	7.45	6.63	8.57	10.25	9.13
Shareholders' Equity	171.39	156.87	162.2	162.69	151.93	132.03
Total Liabilities & Equity	306.43	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	59.92	79.86	92.87	71.01	58.65	37.85
Net Cash (Debt)	-16.48	-41.98	-32.94	-21.59	-42.61	-31.37
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.82	-2.08	-1.64	-1.08	-2.14	-1.69
Filing Date Shares Outstanding	20	19.96	20.04	19.97	19.89	19.81
Total Common Shares Outstanding	20	19.96	19.99	19.97	19.89	19.8
Working Capital	87.04	90.97	114.55	110.53	84.55	72.11
Book Value Per Share	8.16	7.49	7.78	7.72	7.13	6.21
Tangible Book Value	159.48	145.63	151.76	150.28	137.82	119.01
Tangible Book Value Per Share	7.98	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	76.51	74.95	76.43	75.47	78.57	67.81
Construction In Progress	0.37	-	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: Nov 6, 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:

Nov 11, 2026

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