Karat Packaging Inc.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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FY2025 · Filed Mar 13, 2026
KRT$37.79+3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Net sales | $467,743 | $422,633 |
| Cost of goods sold | 295,607 | 258,304 |
| Gross profit | 172,136 | 164,329 |
| Operating expenses | ||
| Selling expenses | 53,844 | 52,286 |
| General and administrative expenses (including $2,855 and $2,358 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | 77,371 | 71,530 |
| (Gain) loss, net, on disposal of machinery and impairment expense | (493) | 2,752 |
| Total operating expenses | 130,722 | 126,568 |
| Operating income | 41,414 | 37,761 |
| Other income (expenses) | ||
| Rental income (including $1,516 and $1,038 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | 2,923 | 2,076 |
| Other income, net | 73 | 162 |
| (Loss) gain on foreign currency transactions | (1,543) | 520 |
| Interest income (including $586 and $470 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | 2,210 | 2,299 |
| Interest expense (including $1,966 and $2,062 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | (2,055) | (2,123) |
| Total other income, net | 1,608 | 2,934 |
| Income before provision for income taxes | 43,022 | 40,695 |
| Provision for income taxes | 10,358 | 9,871 |
| Net income | 32,664 | 30,824 |
| Net income attributable to noncontrolling interest | 1,186 | 849 |
| Net income attributable to Karat Packaging Inc. | $31,478 | $29,975 |
| Basic and diluted earnings per share: | ||
| Basic | $1.57 | $1.50 |
| Diluted | $1.56 | $1.49 |
| Weighted average common shares outstanding, basic | 20,057,549 | 20,002,211 |
| Weighted average common shares outstanding, diluted | 20,180,070 | 20,124,284 |
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