Karat Packaging Inc. (KRT)
Karat Packaging Inc. (KRT)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net sales | 116,947 | 115,617 | 124,516 | NaN |
| Cost of goods sold | 75,421 | 76,268 | 81,598 | NaN |
| Shipping and transportation | 10,217 | 9,134 | 11,082 | NaN |
| Salaries and benefits | 9,658 | 9,352 | 9,992 | NaN |
| Professional services | 1,350 | 1,087 | 1,258 | NaN |
| Depreciation and amortization | 1,173 | 1,148 | 1,186 | NaN |
| Rent expense | 3,305 | 3,313 | 3,297 | NaN |
| Marketing expense | 1,347 | 1,241 | 1,344 | NaN |
| Online platform fees | 1,542 | 1,516 | 1,606 | NaN |
| Warehouse expense | 1,258 | 1,056 | 1,145 | NaN |
| Stock-based compensation | 242 | 139 | 252 | NaN |
| Rou asset impairment expense | NaN | 0 | 0 | NaN |
| Secondary offering transaction costs | NaN | 0 | 214 | NaN |
| Gain, net, on disposal of property | 0 | -210 | 403 | NaN |
| Interest expense | 409 | 486 | 539 | NaN |
| Provision for income taxes | 2,241 | 2,474 | 2,304 | NaN |
| Other segment expenses | 2,970 | 2,682 | 3,586 | NaN |
| Interest income | 286 | 553 | 415 | NaN |
| Other income, net | 1,041 | 1,130 | 1,458 | NaN |
| Net income | 7,141 | 7,194 | 7,603 | 17,867 |
| Write-off of inventories | NaN | 917 | NaN | NaN |
| Depreciation and amortization (including 303 associated with variable interest entity for both the three months ended march 31, 2026 and 2025) | 2,741 | 2,759 | 2,766 | 5,366 |
| Impairment of operating right-of-use asset | NaN | 0 | 0 | 0 |
| Adjustments to allowance for bad debt | 340 | 81 | 135 | -48 |
| Adjustments to inventory reserve | 49 | 160 | -150 | 60 |
| Write-off (recovery) of inventory | -186 | NaN | 264 | 296 |
| Gain on disposal of property and equipment | 0 | -210 | 403 | 300 |
| Amortization of loan fees (including 15 associated with variable interest entity for both the three months ended march 31, 2026 and 2025) | -45 | -45 | -33 | -47 |
| Accrued interest on certificates of deposit | 0 | -40 | 40 | 0 |
| Unrealized loss from investment in publicly-traded equity securities | -41 | NaN | NaN | -2 |
| Stock-based compensation | 242 | 138 | 253 | 791 |
| Amortization of operating right-of-use assets | 2,713 | 2,668 | 2,661 | 4,898 |
| Deferred income taxes | NaN | 2,255 | NaN | NaN |
| Government grant income (including (8) associated with variable interest entity for both the three months ended march 31, 2026 and 2025) | 17 | 17 | 18 | 35 |
| Accounts receivable (including 4 and 0 associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | 6,208 | -1,385 | 1,618 | 9,601 |
| Inventories | -1,250 | -1,935 | -4,531 | 18,413 |
| Prepaid expenses and other current assets (including (4) and (112) associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | -872 | 602 | 309 | 432 |
| Other non-current assets (including 18 and (25) associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | 5 | -31 | 0 | 16 |
| Accounts payable (including 0 and 3 associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | -1,541 | 1,051 | -8,836 | 15,576 |
| Accrued expenses (including (346) and (303) associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | -433 | -2,750 | 1,982 | 673 |
| Related party payable | 790 | 1,552 | -4,854 | 4,844 |
| Income taxes payable (including 0 and 3 associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | 1,267 | 0 | -151 | 86 |
| Deferred revenue | 452 | -283 | -141 | 395 |
| Operating lease liabilities | -2,906 | -2,841 | -2,767 | -4,646 |
| Other liabilities (including 5 and 59 associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | -18 | -11 | 43 | 66 |
| Net cash provided by operating activities | 7,191 | 15,357 | 982 | 17,476 |
| Purchases of property and equipment | 565 | 236 | 246 | 274 |
| Proceeds from disposal of property and equipment | 0 | 907 | 127 | 475 |
| Deposits paid for property and equipment | 333 | 505 | 2,255 | 989 |
| Proceeds from disposal of publicly-traded equity securities | NaN | 383 | 120 | NaN |
| Purchases of publicly-traded equity securities | 242 | 0 | 0 | 451 |
| Proceeds from disposal of publicly-traded equity securities | -503 | NaN | 0 | 503 |
| Purchases of short-term investments (including 0 and (87) associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | 5,744 | 0 | 0 | 16,300 |
| Redemption of short-term investments (including 0 and 7,678 associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | 0 | 19,906 | 6,537 | 18,200 |
| Net cash (used in) provided by investing activities | -6,884 | 19,952 | 4,283 | 1,164 |
| Payment of long-term debt (including (416) and (295) associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | 416 | 8,343 | 3,791 | 583 |
| Payments for lender fees | 11 | 60 | 25 | 62 |
| Proceeds from line of credit | NaN | 0 | 4,500 | NaN |
| Repayments on line of credit | NaN | 1,000 | 3,500 | NaN |
| Proceeds from exercise of common stock options | 30 | 1 | 104 | 195 |
| Repurchases of common stock | NaN | 2,998 | NaN | NaN |
| 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) | NaN | 0 | 0 | 0 |
| Dividends paid to shareholders | 8,983 | 9,009 | 9,043 | 18,048 |
| 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) | NaN | 0 | NaN | NaN |
| Payment of global wells membership interest tax withholding (including (127) and (132) associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | 127 | 42 | 37 | 298 |
| Payment of global wells noncontrolling membership interest redemption gain tax withholding (including 0 and (879) associated with variable interest entity for the three months ended march 31, 2026 and 2025, respectively) | 0 | 0 | 0 | 879 |
| Net cash used in financing activities | -9,507 | -21,451 | -11,792 | -19,675 |
| Net (decrease) increase in cash and cash equivalents | -9,200 | 13,858 | -6,527 | -1,035 |
| Beginning of period | 37,880 | 7,562 | 31,584 | NaN |
| End of period | 28,680 | 13,858 | 24,022 | NaN |