Karat Packaging Inc.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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FY2025 · Filed Mar 13, 2026
KRT$36.51+8.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents (including $1,488 and $1,703 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $37,880 | $31,584 |
| Short-term investments (including $0 and $11,128 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | — | 28,343 |
| Accounts receivable, net of allowance for bad debt of $581 and $758 at December 31, 2025 and December 31, 2024, respectively (including $4 and $0 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | 36,402 | 26,736 |
| Inventories | 81,682 | 70,722 |
| Prepaid expenses and other current assets (including $314 and $27 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | 5,224 | 3,612 |
| Total current assets | 161,188 | 160,997 |
| Property and equipment, net (including $41,758 and $42,972 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | 81,159 | 87,982 |
| Deposits | — | 36 |
| Goodwill | 3,510 | 3,510 |
| Intangible assets, net | 273 | 300 |
| Operating right-of-use assets | 40,299 | 40,628 |
| Deferred tax assets | 255 | — |
| Other non-current assets (including $68 and $34 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | 1,002 | 1,069 |
| Total assets | $287,686 | $294,522 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable (including $97 and $16 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $26,323 | $17,831 |
| Accrued expenses (including $535 and $489 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | 13,460 | 13,555 |
| Related party payable | 4,672 | 3,130 |
| Income taxes payable (including $0 and $3 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | — | 65 |
| Deferred revenue | 713 | 742 |
| Long-term debt, current portion (including $12,941 and $1,179 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | 12,941 | 1,179 |
| Operating lease liabilities, current portion | 11,982 | 8,977 |
| Other current liabilities (including $49 and $916 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | 129 | 968 |
| Total current liabilities | 70,220 | 46,447 |
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Deferred tax liability | 2,936 | 426 |
| Long-term debt, net of current portion and debt discount of $78 and $141 at December 31, 2025 and December 31, 2024, respectively (including $22,862 and $47,279 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively, and debt discount of $78 and $141 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | 22,862 | 47,279 |
| Operating lease liabilities, net of current portion | 32,074 | 35,435 |
| Other non-current liabilities (including $1,224 and $1,198 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | 2,724 | 2,736 |
| Total liabilities | 130,816 | 132,323 |
| Commitments and Contingencies (Note 17) | ||
| Karat Packaging Inc. stockholders’ equity | ||
| Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding, as of both December 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.001 par value, 100,000,000 shares authorized, 20,122,505 and 19,962,131 shares issued and outstanding, respectively, as of December 31, 2025, and 20,059,505 and 20,036,505 shares issued and outstanding, respectively, as of December 31, 2024 | 20 | 20 |
| Additional paid in capital | 90,939 | 89,457 |
| Treasury stock, 0.001 par value, 160,374 and 23,000 shares as of December 31, 2025 and December 31, 2024 respectively | (3,246) | (248) |
| Retained earnings | 61,704 | 66,340 |
| Total Karat Packaging Inc. stockholders’ equity | 149,417 | 155,569 |
| Noncontrolling interest | 7,453 | 6,630 |
| Total stockholders’ equity | 156,870 | 162,199 |
| Total liabilities and stockholders’ equity | $287,686 | $294,522 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.