For the year ending 2025-12-31, KRT had $6,296K increase in cash & cash equivalents over the period. $33,059K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net sales | 467,743 |
| Cost of goods sold | 295,607 |
| Shipping and transportation | 41,079 |
| Salaries and benefits | 37,684 |
| Professional services | 4,967 |
| Depreciation and amortization | 4,618 |
| Rent expense | 12,702 |
| Marketing expense | 5,675 |
| Online platform fees | 7,254 |
| Warehouse expense | 4,155 |
| Stock-based compensation | 1,182 |
| Rou asset impairment expense | 0 |
| Secondary offering transaction costs | 214 |
| (gain) loss, net, on disposal of property and equipment | 493 |
| Interest expense | 2,055 |
| Provision for income taxes | 10,358 |
| Other segment expenses | 11,685 |
| Interest income | 2,210 |
| Other income, net | 1,453 |
| Net income | 32,664 |
| Depreciation and amortization (including 1,214 and 1,213 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 10,891 |
| Adjustments to allowance for bad debt | 168 |
| Adjustments to inventory reserve | 70 |
| Write-off of inventories | 917 |
| Impairment of operating right-of-use asset | 0 |
| (gain) loss, net, on disposal of property and equipment | 493 |
| Amortization of loan fees (including 62 associated with variable interest entity for both the year ended december 31, 2025 and 2024) | -125 |
| Accrued interest on certificates of deposit (including 0 and 50 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 0 |
| Stock-based compensation | 1,182 |
| Amortization of operating right-of-use assets | 10,227 |
| Deferred income taxes | 2,255 |
| Government grant income (including 33 and 187 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 70 |
| Accounts receivable (including 4 and 32 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 9,834 |
| Inventories | 11,947 |
| Prepaid expenses and other current assets (including 255 and 23 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 1,343 |
| Other non-current assets (including 35 and 20 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | -15 |
| Accounts payable (including 53 and 47 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 7,791 |
| Accrued expenses (including 46 and 102 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | -95 |
| Related party payable | 1,542 |
| Income taxes payable (including 0 and 3 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | -65 |
| Deferred revenue | -29 |
| Operating lease liabilities | -10,254 |
| Other liabilities (including 66 and 0 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 98 |
| Net cash provided by operating activities | 33,815 |
| Purchases of property and equipment | 756 |
| Proceeds from disposal of property and equipment | 1,509 |
| Deposits paid for property and equipment | 3,749 |
| Purchases of publicly-traded equity securities | 451 |
| Proceeds from disposal of publicly-traded equity securities | 503 |
| Purchases of short-term investments (including 7,982 and 18,078 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 16,300 |
| Redemption of short-term investments (including 19,110 and 7,000 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 44,643 |
| Net cash provided by (used in) investing activities | 25,399 |
| Payments on long-term debt (including 12,717 and 1,122 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 12,717 |
| Payments for lender fees | 147 |
| Proceeds from line of credit | 4,500 |
| Repayments on line of credit | 4,500 |
| Proceeds from exercise of common stock options | 300 |
| Repurchases of common stock | 2,998 |
| Dividends paid to shareholders | 36,100 |
| Payment of global wells membership interest tax withholding (including 362 and 0 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 377 |
| Payment of global wells noncontrolling membership interest redemption (including 0 and 2,010 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 0 |
| Refund of global wells members' tax withholding payments (including 0 and 120 associated with variable interest entity for the year ended december 31, 2025 and 2024, respectively) | 0 |
| Payment of global wells noncontrolling membership interest redemption gain tax withholding | 879 |
| Net cash used in financing activities | -52,918 |
| Net increase in cash and cash equivalents | 6,296 |
| Beginning of period | 31,584 |
| End of period | 37,880 |
Karat Packaging Inc. (KRT)
Karat Packaging Inc. (KRT)