| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents (including 1,557 and 1,488 associated with variable interest entity at march31, 2026 and december31, 2025, respectively) | 28,680 | NaN | 24,022 | 30,549 |
| Short-term investments | 5,744 | NaN | 19,946 | 26,443 |
| Accounts receivable, net of allowance for bad debt of 877 and 581 at march31, 2026 and december31, 2025, respectively | 42,270 | NaN | 37,868 | 36,385 |
| Inventories | 80,009 | NaN | 84,134 | 88,779 |
| Prepaid expenses and other current assets (including 318 and 314 associated with variable interest entity at march31, 2026 and december31, 2025, respectively) | 4,333 | NaN | 4,709 | 4,095 |
| Total current assets | 161,036 | NaN | 170,679 | 186,251 |
| Property and equipment, net (including 41,455 and 41,758 associated with variable interest entity at march31, 2026 and december31, 2025, respectively) | 78,819 | NaN | 84,168 | 83,495 |
| Deposits | 3 | NaN | 2 | 0 |
| Goodwill | 3,510 | NaN | 3,510 | 3,510 |
| Intangible assets, net | 267 | NaN | 280 | 287 |
| Operating right-of-use assets | 37,586 | NaN | 42,969 | 46,187 |
| Deferred tax asset | 255 | NaN | 196 | 196 |
| Other non-current assets (including 86 and 68 associated with variable interest entity at march31, 2026 and december31, 2025, respectively) | 1,206 | NaN | 1,033 | 1,037 |
| Total assets | 282,682 | 287,686 | 302,837 | 320,963 |
| Accounts payable-Variable Interest Entity Primary Beneficiary | NaN | 97 | NaN | NaN |
| Accounts payable (including 97 associated with variable interest entity as of both march31, 2026 and december31, 2025, respectively)-Nonrelated Party | 24,282 | 26,323 | 25,272 | 33,160 |
| Accrued expenses (including 535 and 489 associated with variable interest entity at december31, 2025 and december31, 2024, respectively)-Variable Interest Entity Primary Beneficiary | NaN | 535 | NaN | NaN |
| Accrued expenses (including 189 and 535 associated with variable interest entity at march31, 2026 and december31, 2025, respectively) | 13,027 | 13,460 | 16,210 | 14,228 |
| Accounts payable (including 97 associated with variable interest entity as of both march31, 2026 and december31, 2025, respectively)-Related Party | 5,462 | 4,672 | 3,120 | 7,974 |
| Income taxes payable (including 0 and 3 associated with variable interest entity at december31, 2025 and december31, 2024, respectively)-Variable Interest Entity Primary Beneficiary | NaN | 0 | NaN | NaN |
| Income taxes payable | 1,267 | 0 | 0 | 151 |
| Deferred revenue | 1,165 | 713 | 1,116 | 1,137 |
| Long Term Debt Current | NaN | 12,941 | NaN | NaN |
| Long-term debt, current portion (including 12,714 and 12,941 associated with variable interest entity at march31, 2026 and december31, 2025, respectively) | 12,714 | 12,941 | 21,100 | 1,206 |
| Operating lease liabilities, current portion | 12,323 | 11,982 | 11,647 | 11,545 |
| Line of credit | NaN | NaN | 1,000 | NaN |
| Other current liabilities (including 49 and 916 associated with variable interest entity at december31, 2025 and december31, 2024, respectively)-Variable Interest Entity Primary Beneficiary | NaN | 49 | NaN | NaN |
| Other current liabilities (including 51 and 49 associated with variable interest entity at march31, 2026 and december31, 2025, respectively) | 111 | 129 | 139 | 97 |
| Total current liabilities | 70,351 | 70,220 | 79,604 | 69,498 |
| Deferred tax liability | 2,936 | 2,936 | 622 | 622 |
| Long-term debt, net of current portion and debt discount of 63 and 78 at march31, 2026 and december31, 2025, respectively (including 22,688 and 22,862 associated with variable interest entity at march31, 2026 and december31, 2025, respectively, and debt discount of 63 and 78 associated with variable interest entity at march31, 2026 and december31, 2025, respectively) | 22,688 | 22,862 | 23,031 | 46,700 |
| Operating lease liabilities, net of current portion | 28,827 | 32,074 | 35,252 | 38,678 |
| Other non-current liabilities (including 1,216 and 1,224 associated with variable interest entity at march31, 2026 and december31, 2025 respectively) | 2,707 | 2,724 | 2,742 | 2,759 |
| Total liabilities | 127,509 | 130,816 | 141,251 | 158,257 |
| Common stock, 0.001 par value, 100,000,000 shares authorized, 20,124,105 and 19,963,731 shares issued and outstanding, respectively, as of march31, 2026 and 20,122,505 and 19,962,131 shares issued and outstanding, respectively, as of december31, 2025 | 20 | 20 | 20 | 20 |
| Additional paid in capital | 91,211 | 90,939 | 90,800 | 90,443 |
| Treasury stock, 0.001 par value, 160,374 shares as of both march31, 2026 and december31, 2025 | 3,246 | 3,246 | 248 | 248 |
| Retained earnings | 59,462 | 61,704 | 63,909 | 65,632 |
| Total karat packaging inc. stockholders equity | 147,447 | 149,417 | 154,481 | 155,847 |
| Noncontrolling interest | 7,726 | 7,453 | 7,105 | 6,859 |
| Total stockholders equity | 155,173 | 156,870 | 161,586 | 162,706 |
| Total liabilities and stockholders equity | 282,682 | 287,686 | 302,837 | 320,963 |
Karat Packaging Inc. (KRT)
Karat Packaging Inc. (KRT)