Cash and cash equivalents (including 1,350 and 1,488 associated with variable interest entity at june30, 2026 and december31, 2025, respectively)
38,399
28,680
-
24,022
Short-term investments
15,744
5,744
-
19,946
Accounts receivable, net of allowance for bad debt of 1,009 and 581 at june30, 2026 and december31, 2025, respectively (including 0 and 4 associated with variable interest entity at june30, 2026 and december31, 2025, respectively)
49,208
42,270
-
37,868
Inventories
89,085
80,009
-
84,134
Prepaid expenses and other current assets (including 322 and 314 associated with variable interest entity at june30, 2026 and december31, 2025, respectively)
6,906
4,333
-
4,709
Total current assets
199,342
161,036
-
170,679
Property and equipment, net (including 41,152 and 41,758 associated with variable interest entity at june30, 2026 and december31, 2025, respectively)
77,418
78,819
-
84,168
Deposits
-
3
-
2
Goodwill
3,510
3,510
-
3,510
Intangible assets, net
260
267
-
280
Operating right-of-use assets
34,800
37,586
-
42,969
Deferred tax assets
255
255
-
196
Other non-current assets (including 98 and 68 associated with variable interest entity at june30, 2026 and december31, 2025, respectively)
Accounts payable (including 0 and 97 associated with variable interest entity as of june30, 2026 and december31, 2025, respectively)-Nonrelated Party
33,997
24,282
26,323
25,272
Accrued expenses (including 535 and 489 associated with variable interest entity at december31, 2025 and december31, 2024, respectively)-Variable Interest Entity Primary Beneficiary
-
-
535
-
Accrued expenses (including 324 and 535 associated with variable interest entity at june30, 2026 and december31, 2025, respectively)
15,940
13,027
13,460
16,210
Accounts payable (including 0 and 97 associated with variable interest entity as of june30, 2026 and december31, 2025, respectively)-Related Party
7,390
5,462
4,672
3,120
Income taxes payable (including 0 and 3 associated with variable interest entity at december31, 2025 and december31, 2024, respectively)-Variable Interest Entity Primary Beneficiary
-
-
0
-
Income taxes payable
5,705
1,267
0
0
Deferred revenue
1,054
1,165
713
1,116
Long Term Debt Current
-
-
12,941
-
Long-term debt, current portion (including 12,084 and 12,941 associated with variable interest entity at june30, 2026 and december31, 2025, respectively)
12,084
12,714
12,941
21,100
Operating lease liabilities, current portion
12,270
12,323
11,982
11,647
Line of credit
-
-
-
1,000
Other current liabilities (including 49 and 916 associated with variable interest entity at december31, 2025 and december31, 2024, respectively)-Variable Interest Entity Primary Beneficiary
-
-
49
-
Other current liabilities (including 43 and 49 associated with variable interest entity at june30, 2026 and december31, 2025, respectively)
111
111
129
139
Total current liabilities
88,551
70,351
70,220
79,604
Deferred tax liabilities
2,936
2,936
2,936
622
Long-term debt, net of current portion and debt discount of 46 and 78 at june30, 2026 and december31, 2025, respectively (including 22,518 and 22,862 associated with variable interest entity at june30, 2026 and december31, 2025, respectively, and debt discount of 46 and 78 associated with variable interest entity at june30, 2026 and december31, 2025, respectively)
22,518
22,688
22,862
23,031
Operating lease liabilities, net of current portion
25,843
28,827
32,074
35,252
Other non-current liabilities (including 1,208 and 1,224 associated with variable interest entity at june30, 2026 and december31, 2025 respectively)
2,690
2,707
2,724
2,742
Total liabilities
142,538
127,509
130,816
141,251
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 june30, 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
91,807
91,211
90,939
90,800
Treasury stock, 0.001 par value, 233,884 and 160,374 shares as of june30, 2026 and december31, 2025, respectively
5,249
3,246
3,246
248
Retained earnings
79,893
59,462
61,704
63,909
Total karat packaging inc. stockholders equity
166,471
147,447
149,417
154,481
Noncontrolling interest
7,804
7,726
7,453
7,105
Total stockholders equity
174,275
155,173
156,870
161,586
Total liabilities and stockholders equity
316,813
282,682
287,686
302,837
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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