Karat Packaging Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $467.7M | $422.6M | $405.7M | $423.0M | $364.2M |
| Gross profit | $172.1M | $164.3M | $153.0M | $132.1M | $107.8M |
| Operating income | $41.4M | $37.8M | $42.1M | $30.0M | $23.1M |
| Operating expenses | $130.7M | $126.6M | $111.0M | $102.1M | $84.7M |
| Cost of revenue | $295.6M | $258.3M | $252.6M | $290.9M | $256.4M |
| Cash from operations | $33.8M | $48.0M | $53.4M | $29.5M | $8.7M |
| Capital expenditure | $756,000 | $934,000 | $2.8M | $2.7M | $4.2M |
| Free cash flow | $33.1M | $47.0M | $50.5M | $26.8M | $4.5M |
| Share repurchases | $3.0M | $0 | — | — | $0 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $287.7M | $294.5M | $276.4M | $252.2M | $207.6M |
| Total liabilities | $130.8M | $132.3M | $113.7M | $100.2M | $75.6M |
| Total debt | $35.9M | $48.6M | $49.7M | $42.7M | $36.7M |
Shares outstanding 20.0M
Annual filing data through FY ended December 31, 2025; float as of July 2, 2026.