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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›KRT›Financials
Annual statements · SEC XBRL · FY2020 – FY2025

Karat Packaging Inc. (KRT) financials

Income statement

Karat Packaging Inc. (KRT) income statement, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Revenue$296M$364M$423M$406M$423M$468M
Revenue growth—23.3%16.1%-4.1%4.2%10.7%
Gross profit$89.1M$108M$132M$153M$164M$172M
Gross margin30.2%29.6%31.2%37.7%38.9%36.8%
Operating income$27.7M$23.1M$30.0M$42.1M$37.8M$41.4M
Operating margin9.4%6.4%7.1%10.4%8.9%8.9%
Net income$17.5M$20.8M$23.6M$32.5M$30.0M$31.5M
Net margin5.9%5.7%5.6%8.0%7.1%6.7%
EPS (diluted)$1.13$1.12$1.19$1.63$1.49$1.56

Cash flow

Karat Packaging Inc. (KRT) cash flow, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$14.5M$8.68M$29.5M$53.4M$48.0M$33.8M
Capital expenditures$29.5M$4.17M$2.66M$2.83M$934K$756K
Free cash flow-$15.0M$4.50M$26.8M$50.5M$47.0M$33.1M
Share buybacks$248K$0.00——$0.00$3.00M
Dividends paid$606K$0.00$6.96M$20.9M$31.0M$36.1M

Balance sheet

Karat Packaging Inc. (KRT) balance sheet, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$448K$6.48M$16.0M$23.1M$31.6M$37.9M
Total assets$181M$208M$252M$276M$295M$288M
Total liabilities$141M$75.6M$100M$114M$132M$131M
Long-term debt—$200K$216K$203K——
Shareholders' equity$32.4M$123M$142M$154M$156M$149M
Retained earnings$18.7M$39.4M$56.1M$67.7M$66.3M$61.7M
Shares (wtd avg diluted)15.4M18.6M19.9M20.0M20.1M20.2M

Every figure is extracted from Karat Packaging Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Karat Packaging Inc.'s annual revenue?
Karat Packaging Inc. (KRT) reported $468M of revenue for fiscal year 2025 — up 10.7% from $423M in FY2024, per its annual report filed with the SEC.
Is Karat Packaging Inc. profitable?
Yes — KRT earned $31.5M of net income in FY2025, a 6.7% net margin, per SEC filings.
What is Karat Packaging Inc.'s free cash flow?
$33.1M in FY2025 (operating cash flow $33.8M minus $756K of capital expenditures), from the SEC cash-flow statement.
Does KRT pay a dividend?
Yes — Karat Packaging Inc. paid $36.1M in cash dividends during FY2025, per its SEC cash-flow statement.
Full KRT analysis — verdict, score & filings →Is KRT a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.