For the quarter ending 2025-09-30, KRT had -$6,527K decrease in cash & cash equivalents over the period. $736K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net sales | 124,516 | - |
| Cost of goods sold | 81,598 | - |
| Shipping and transportation | 11,082 | - |
| Salaries and benefits | 9,992 | - |
| Professional services | 1,258 | - |
| Depreciation and amortization | 1,186 | - |
| Rent expense | 3,297 | - |
| Marketing expense | 1,344 | - |
| Online platform fees | 1,606 | - |
| Warehouse expense | 1,145 | - |
| Stock-based compensation | 252 | - |
| Rou asset impairment expense | 0 | - |
| Secondary offering transaction costs | 0 | - |
| (gain) loss, net, on disposal of property and equipment | 403 | - |
| Interest expense | 539 | - |
| Provision for income taxes | 2,304 | - |
| Other segment expenses | 3,586 | - |
| Interest income | 415 | - |
| Other income, net | 1,458 | - |
| Net income | 7,603 | 17,867 |
| Depreciation and amortization (including 911 and 910 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 2,766 | 5,366 |
| Adjustments to allowance for bad debt | 135 | -48 |
| Adjustments to inventory reserve | -150 | 60 |
| Write-off of inventory | 264 | 296 |
| Impairment of operating right-of-use asset | 0 | 0 |
| (gain) loss, net, on disposal of property and equipment | 403 | 300 |
| Amortization of loan fees (including 47 and 46 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | -33 | -47 |
| Unrealized loss from investment in publicly-traded equity securities | - | -2 |
| Accrued interest on certificates of deposit (including 40 and 49 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 40 | 0 |
| Stock-based compensation | 253 | 791 |
| Amortization of operating right-of-use assets | 2,661 | 4,898 |
| Government grant income (including 24 and 0 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 18 | 35 |
| Accounts receivable | 1,618 | 9,601 |
| Inventories | -4,531 | 18,413 |
| Prepaid expenses and other current assets (including 99 and 24 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 309 | 432 |
| Other non-current assets (including 21 and 12 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 0 | 16 |
| Accounts payable (including 81 and 4 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | -8,836 | 15,576 |
| Accrued expenses (including 89 and 225 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 1,982 | 673 |
| Related party payable | -4,854 | 4,844 |
| Income taxes payable | -151 | 86 |
| Deferred revenue | -141 | 395 |
| Operating lease liabilities | -2,767 | -4,646 |
| Other liabilities (including 64 and 0 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 43 | 66 |
| Net cash provided by operating activities | 982 | 17,476 |
| Purchases of property and equipment | 246 | 274 |
| Proceeds from disposal of property and equipment | 127 | 475 |
| Deposits paid for property and equipment | 2,255 | 989 |
| Deposits received for sale of property and equipment | 120 | - |
| Purchases of publicly-traded equity securities | 0 | 451 |
| Proceeds from disposal of publicly-traded equity securities | 0 | 503 |
| Purchases of short-term investments (including 7,982 and 18,079 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 0 | 16,300 |
| Redemption of short-term investments (including 11,215 and 7,000 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 6,537 | 18,200 |
| Net cash provided by investing activities | 4,283 | 1,164 |
| Payment of long-term debt (including 4,374 and 834 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 3,791 | 583 |
| Payments for lender fees | 25 | 62 |
| Proceeds from line of credit | 4,500 | - |
| Repayments on line of credit | 3,500 | - |
| Proceeds from exercise of common stock options | 104 | 195 |
| Dividends paid to shareholders | 9,043 | 18,048 |
| Payment of global wells membership interest tax withholding (including 326 and 0 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 37 | 298 |
| Payment of global wells noncontrolling membership interest redemption (including 0 and 2,010 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 0 | 0 |
| Payment of global wells noncontrolling membership interest redemption gain tax withholding (including 879 and 0 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 0 | 879 |
| Net cash used in financing activities | -11,792 | -19,675 |
| Net (decrease) increase in cash and cash equivalents | -6,527 | -1,035 |
| Cash and cash equivalents at beginning of period | 31,584 | - |
| Cash and cash equivalents at end of period | 24,022 | - |
Karat Packaging Inc. (KRT)
Karat Packaging Inc. (KRT)