|
Q2 FY2026
As of Jun 30, 2026
|
Q1 FY2026
As of Mar 31, 2026
|
Q4 FY2025
As of Dec 31, 2025
|
Q3 FY2025
As of Sep 30, 2025
|
Q2 FY2025
As of Jun 30, 2025
|
Q1 FY2025
As of Mar 31, 2025
|
Q4 FY2024
As of Dec 31, 2024
|
Q3 FY2024
As of Sep 30, 2024
|
Q2 FY2024
As of Jun 30, 2024
|
Q1 FY2024
As of Mar 31, 2024
|
Q4 FY2023
As of Dec 31, 2023
|
Q3 FY2023
As of Sep 30, 2023
|
Q2 FY2023
As of Jun 30, 2023
|
Q1 FY2023
As of Mar 31, 2023
|
Q4 FY2022
As of Dec 31, 2022
|
Q3 FY2022
As of Sep 30, 2022
|
Q2 FY2022
As of Jun 30, 2022
|
Q1 FY2022
As of Mar 31, 2022
|
Q4 FY2021
As of Dec 31, 2021
|
Q3 FY2021
As of Sep 30, 2021
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||||||||
| Current assets | ||||||||||||||||||||
| Cash and cash equivalents (including $1,350 and $1,488 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total cash and cash equivalents (including $1,350 and $1,488 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| Short-term investments | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total short-term investments | ||||||||||||||||||||
| Accounts receivable, net of allowance for bad debt of $1,009 and $581 at June 30, 2026 and December 31, 2025, respectively (including $0 and $4 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total accounts receivable, net of allowance for bad debt of $1,009 and $581 at June 30, 2026 and December 31, 2025, respectively (including $0 and $4 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| Inventories | ||||||||||||||||||||
| Prepaid expenses and other current assets (including $322 and $314 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total prepaid expenses and other current assets (including $322 and $314 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| Total current assets | ||||||||||||||||||||
| Property and equipment, net (including $41,152 and $41,758 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total property and equipment, net (including $41,152 and $41,758 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| Deposits | ||||||||||||||||||||
| Goodwill | ||||||||||||||||||||
| Intangible assets, net | ||||||||||||||||||||
| Operating right-of-use assets | ||||||||||||||||||||
| Deferred tax assets | ||||||||||||||||||||
| Other non-current assets (including $98 and $68 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total other non-current assets (including $98 and $68 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| Total assets | ||||||||||||||||||||
| Liabilities and Stockholders’ Equity | ||||||||||||||||||||
| Current liabilities | ||||||||||||||||||||
| Accounts payable (including $0 and $97 associated with variable interest entity as of June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| Nonrelated Party | ||||||||||||||||||||
| Related Party | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Accrued expenses (including $324 and $535 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total accrued expenses (including $324 and $535 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| Customer deposits (including $0 and $116 associated with variable interest entity at June 30, 2024 and December 31, 2023) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total customer deposits (including $0 and $116 associated with variable interest entity at June 30, 2024 and December 31, 2023) | ||||||||||||||||||||
| Deferred revenue (including $0 and $116 associated with variable interest entity at September 30, 2024 and December 31, 2023) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total deferred revenue (including $0 and $116 associated with variable interest entity at September 30, 2024 and December 31, 2023) | ||||||||||||||||||||
| Income taxes payable | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total income taxes payable | ||||||||||||||||||||
| Deferred revenue | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total deferred revenue | ||||||||||||||||||||
| Long-term debt, current portion (including $12,084 and $12,941 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total long-term debt, current portion (including $12,084 and $12,941 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| Operating lease liabilities, current portion | ||||||||||||||||||||
| Other payables | ||||||||||||||||||||
| Line of credit | ||||||||||||||||||||
| Other current liabilities (including $43 and $49 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total other current liabilities (including $43 and $49 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| Total current liabilities | ||||||||||||||||||||
| Deferred tax liabilities | ||||||||||||||||||||
| Long-term debt, net of current portion and debt discount of $46 and $78 at June 30, 2026 and December 31, 2025, respectively (including $22,518 and $22,862 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively, and debt discount of $46 and $78 associated with variable interest entity at June 30, 2026 and December 31, 2025, respectively) | ||||||||||||||||||||
| Operating lease liabilities, net of current portion | ||||||||||||||||||||
| Other non-current liabilities (including $1,208 and $1,224 associated with variable interest entity at June 30, 2026 and December 31, 2025 respectively) | ||||||||||||||||||||
| VIE, Primary Beneficiary | ||||||||||||||||||||
| Total other non-current liabilities (including $1,208 and $1,224 associated with variable interest entity at June 30, 2026 and December 31, 2025 respectively) | ||||||||||||||||||||
| Total liabilities | ||||||||||||||||||||
| Karat Packaging Inc. stockholders’ equity | ||||||||||||||||||||
| Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding, as of both June 30, 2026 and December 31, 2025 | ||||||||||||||||||||
| Common stock, $0.001 par value, 100,000,000 shares authorized, 20,156,605 and 19,922,721 shares issued and outstanding, respectively, as of June 30, 2026 and 20,122,505 and 19,962,131 shares issued and outstanding, respectively, as of December 31, 2025 | ||||||||||||||||||||
| Additional paid in capital | ||||||||||||||||||||
| Treasury stock, $0.001 par value, 233,884 and 160,374 shares as of June 30, 2026 and December 31, 2025, respectively | ||||||||||||||||||||
| Retained earnings | ||||||||||||||||||||
| Total Karat Packaging Inc. stockholders’ equity | ||||||||||||||||||||
| Noncontrolling interest | ||||||||||||||||||||
| Total stockholders’ equity | ||||||||||||||||||||
| Total liabilities and stockholders’ equity | ||||||||||||||||||||
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