Karat Packaging Inc. (KRT) — Financial statements
Income statement, balance sheet, and cash flow for Karat Packaging Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 468↑10.7% | 423↑4.2% | 406↓4.1% | 423↑16.1% | 364 | |
| Cost of Revenue | 296↑14.4% | 258↑2.3% | 253↓13.2% | 291↑13.4% | 256 | |
| Gross Profit | 172↑4.8% | 164↑7.4% | 153↑15.9% | 132↑22.5% | 108 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 77↑8.2% | 72↑6.8% | 67↑1.1% | 66↑26.3% | 52 | |
| Selling & Marketing Expenses | 54↑3.0% | 52↑26.0% | 41↑15.8% | 36↑11.1% | 32 | |
| SG&A Expenses | 131↑6.0% | 124↑14.2% | 108↑6.2% | 102↑20.5% | 85 | |
| Other Expenses | 0.00↓100.0% | 3↑9.0% | 3 | 0.00 | 0.00 | |
| Operating Expenses | 131↑3.7% | 127↑14.1% | 111↑8.7% | 102↑20.5% | 85 | |
| Total Costs & Expenses | 427↑10.9% | 385↑5.9% | 364↓7.5% | 393↑15.2% | 341 | |
| Operating Results | ||||||
| Operating Income | 41↑8.9% | 38↓10.3% | 42↑40.2% | 30↑29.7% | 23 | |
| Depreciation & Amortization | 21↑15.4% | 18↑16.2% | 16↑10.7% | 14↑41.6% | 10 | |
| EBITDA | 62↑1.9% | 61↑0.6% | 61↑24.7% | 49↑20.5% | 40 | |
| EBIT | 41↓3.9% | 43↓4.9% | 45↑30.4% | 35↑13.5% | 30 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.16↓11.9% | 0.18↑173.3% | -0.24↓214.8% | 0.21↑115.0% | -1 | |
| Interest Income | 2↓3.9% | 2↑27.5% | 2↓19.0% | 2↑47.2% | 2 | |
| Interest Expense | 2↓3.2% | 2↑3.9% | 2↑1.3% | 2↓30.6% | 3 | |
| Non-Operating Income | 0.00↑100.0% | -5↓71.4% | -3↑34.6% | -5↑38.1% | -7 | |
| Other Income / Expenses | 2↓35.7% | 3↑223.1% | 0.91↓63.7% | 2↓43.0% | 4 | |
| Income Before Tax | 43↑5.7% | 41↓5.3% | 43↑32.2% | 33↑18.1% | 28 | |
| Income Tax Expense | 10↑4.9% | 10↑0.7% | 10↑46.9% | 7↑31.2% | 5 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 33↑6.0% | 31↓7.1% | 33↑28.4% | 26↑15.1% | 22 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 31↑5.0% | 30↓7.7% | 32↑37.3% | 24↑13.8% | 21 | |
| Bottom-Line Net Income | 31↑5.0% | 30↓7.7% | 32↑37.3% | 24↑13.8% | 21 | |
| EPS (Basic) | 1.57↑4.7% | 1.50↓8.0% | 1.63↑37.0% | 1.19↑5.3% | 1.13 | |
| EPS (Diluted) | 1.56↑4.7% | 1.49↓8.6% | 1.63↑37.0% | 1.19↑6.2% | 1.12 | |
| Weighted Average Shares | 20↑0.3% | 20↑0.5% | 20↑0.4% | 20↑0.1% | 20 | |
| Weighted Average Diluted Shares | 20↑0.3% | 20↑0.7% | 20↑0.3% | 20↑0.6% | 20 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.