| Income Statement | 2025-09-30 | 2025-06-30 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|
| Net sales | 124,516 | 123,986 | 112,771 | 112,600 |
| Cost of goods sold | 81,598 | 74,879 | 69,274 | 69,193 |
| Gross profit | 42,918 | 49,107 | 43,497 | 43,407 |
| Impairment expense and (gain) loss, net, on disposal of machinery | - | - | -27 | 531 |
| Selling expenses | 13,798 | 13,716 | 13,746 | 13,868 |
| General and administrative expenses (including 724 and 643 associated with variable interest entity for the three months ended september 30, 2025 and 2024, respectively 2,186 and 1,888 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 20,950 | 19,124 | 18,508 | 17,893 |
| Impairment expense and (gain) loss, net, on disposal of property and equipment | -403 | -283 | - | - |
| Total operating expenses | 34,345 | 32,557 | 32,227 | 32,292 |
| Operating income | 8,573 | 16,550 | 11,270 | 11,115 |
| Rental income (including 370 and 263 associated with variable interest entity for the three months ended september 30, 2025 and 2024, respectively 1,177 and 776 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 710 | 755 | 593 | 600 |
| Other income, net | 67 | -82 | 48 | 51 |
| Gain (loss) on foreign currency transactions | 681 | -2,867 | -287 | 317 |
| Interest income (including 120 and 123 associated with variable interest entity for the three months ended september 30, 2025 and 2024, respectively 431 and 469 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 415 | 676 | 770 | 533 |
| Interest expense (including 505 and 517 associated with variable interest entity for the three months ended september 30, 2025 and 2024, respectively 1,514 and 1,553 associated with variable interest entity for the nine months ended september 30, 2025 and 2024, respectively) | 539 | 521 | 535 | 548 |
| Total other income, net | 1,334 | -2,039 | 589 | 953 |
| Income before provision for income taxes | 9,907 | 14,511 | 11,859 | 12,068 |
| Provision for income taxes | 2,304 | 3,459 | 2,597 | 2,841 |
| Net income | 7,603 | 11,052 | 9,262 | 9,227 |
| Net income attributable to noncontrolling interest | 278 | 118 | 168 | 127 |
| Net income attributable to karat packaging inc | 7,325 | 10,934 | 9,094 | 9,100 |
| Basic (in dollars per share) | 0.36 | 0.55 | 0.45 | 0.46 |
| Diluted (in dollars per share) | 0.36 | 0.54 | 0.45 | 0.45 |
| Weighted average common shares outstanding, basic (in shares) | 20,091,476 | 20,058,000 | 20,017,774 | 19,994,250 |
| Weighted average common shares outstanding, diluted (in shares) | 20,201,285 | 20,191,000 | 20,133,813 | 20,113,842 |
Karat Packaging Inc. (KRT)
Karat Packaging Inc. (KRT)