Karat Packaging Inc. (KRT) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — KRT

Balance Sheet

(in millions USD)

Metric	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	38.40	28.68	24.02	30.55	32.47	38.90	19.31	13.14	28.16	18.26	23.23	7.53	3.50	6.82	1.68	7.68	0.96
Short-term Investments	15.74	5.74	19.95	26.44	23.80	21.53	32.74	33.52	18.06	28.00	10.00	--	--	--	--	--	--
Accounts Receivable	49.21	42.27	37.87	36.39	32.40	33.87	33.68	30.11	33.98	32.82	32.97	36.73	38.47	43.34	33.28	32.60	25.58
Inventory	89.09	80.01	84.13	88.78	79.91	70.92	79.84	79.27	71.66	76.30	70.91	73.29	85.48	77.34	60.21	62.25	46.07
Total Current Assets	199.34	161.04	170.68	186.25	171.98	170.09	169.84	160.53	158.69	161.00	141.56	124.81	134.14	133.53	100.85	105.96	76.03
Property, Plant & Equipment	77.42	78.82	84.17	83.50	86.16	90.13	92.28	93.85	96.69	95.71	99.42	94.35	95.04	92.14	94.04	92.94	93.87
Goodwill	3.51	3.51	3.51	3.51	3.51	3.51	3.51	3.51	3.51	3.51	3.51	3.51	3.51	3.51	3.51	3.51	3.51
Intangible Assets	0.26	0.27	0.28	0.29	0.29	0.31	0.31	0.32	0.33	0.34	0.35	0.36	0.37	0.37	0.39	0.39	0.40
Total Non-current Assets*	117.47	121.65	132.16	134.71	140.24	136.71	140.85	118.50	121.28	125.93	131.73	114.65	113.05	106.85	102.64	101.12	100.84
Total Assets	316.81	282.68	302.84	320.96	312.22	306.80	310.69	279.04	279.96	286.93	273.28	239.46	247.19	240.38	203.49	207.08	176.87
Accounts Payable	--	--	--	--	--	--	--	--	--	--	17.74	18.93	23.33	24.07	19.03	24.35	17.19
Total Current Liabilities	88.55	70.35	79.60	69.50	60.08	54.48	55.61	48.19	45.70	50.72	44.18	34.83	37.41	39.83	32.51	40.14	39.55
Long-term Debt	--	--	--	--	--	--	--	0.19	0.22	0.19	0.20	0.23	0.24	0.20	0.20	--	--
Total Non-current Liabilities*	53.99	57.16	61.65	88.76	91.92	88.73	91.26	70.46	69.51	70.90	67.72	50.55	62.25	60.31	45.97	46.86	94.40
Total Liabilities	142.54	127.51	141.25	158.26	152.01	143.21	146.87	118.65	115.21	121.62	111.90	85.38	99.67	100.14	78.48	87.00	133.95
Retained Earnings	79.89	59.46	63.91	65.63	63.73	68.72	69.63	67.54	67.77	68.66	65.12	58.54	52.45	46.10	33.81	30.02	20.44
Total Stockholder Equity	166.47	147.45	154.48	155.85	153.31	157.31	157.71	154.40	154.17	154.70	150.95	143.83	137.14	130.23	116.23	111.60	34.18

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Total Revenue	136.30	116.95	115.62	124.52	123.99	103.62	101.65	112.77	112.60	95.61	95.58	105.53	108.74	95.80	92.67	110.00	114.88	105.41	91.33	102.71
Cost of Revenue	59.14	75.42	76.27	81.60	74.88	62.86	61.83	69.27	69.19	58.01	61.49	66.58	66.88	57.66	63.00	75.83	80.92	71.12	63.02	72.92
Gross Profit	77.16	41.53	39.35	42.92	49.11	40.76	39.82	43.50	43.41	37.60	34.09	38.94	41.86	38.14	29.67	34.17	33.96	34.29	28.31	29.79
Selling, General & Admin	21.95	20.13	18.75	20.95	19.12	18.55	18.36	18.51	17.89	16.77	13.18	19.87	17.19	16.71	17.23	16.85	16.69	15.46	12.94	14.57
Total Operating Expenses	39.56	33.06	30.88	34.35	32.56	32.94	32.52	32.23	32.29	29.53	29.47	27.56	28.52	25.41	24.85	26.26	26.16	24.80	21.17	24.43
Operating Income	37.60	8.46	8.47	8.57	16.55	7.82	7.30	11.27	11.12	8.08	4.63	11.38	13.34	12.73	4.81	7.91	7.80	9.49	7.14	5.37
Interest Expense	--	--	--	--	--	--	--	--	--	0.52	0.53	0.54	0.57	0.41	0.44	--	--	--	--	--
Pretax Income	39.03	9.38	9.67	9.91	14.51	8.94	8.32	11.86	12.07	8.45	4.94	12.04	14.00	12.00	4.89	8.05	8.95	10.62	7.07	5.34
Tax Provision	9.38	2.24	2.47	2.30	3.46	2.12	2.46	2.60	2.84	1.98	0.76	2.90	3.32	2.82	0.35	1.90	1.75	2.68	1.09	1.27
Net Income	29.33	6.74	6.81	7.33	10.93	6.41	5.62	9.09	9.10	6.17	3.90	9.07	10.50	9.01	4.54	6.10	6.34	6.67	5.63	3.79
Basic EPS	1.47	0.34	0.34	0.36	0.55	0.32	0.28	0.45	0.46	0.31	0.19	0.46	0.53	0.45	0.22	0.31	0.32	0.34	0.31	0.19
Diluted EPS	1.46	0.34	0.34	0.36	0.54	0.32	0.28	0.45	0.45	0.31	0.20	0.45	0.53	0.45	0.22	0.31	0.32	0.34	0.31	0.19

Cash Flow Statement

(in millions USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Operating Cash Flow	33.15	7.19	15.36	0.98	9.75	7.73	8.25	19.48	13.70	6.56	10.29	12.04	16.87	14.19	16.98	20.25	3.68	(11.43)	9.93	1.44
Capital Expenditures	0.06	0.56	0.24	0.25	0.17	0.11	0.22	0.30	0.25	0.16	(0.04)	1.05	0.77	1.04	0.65	0.39	0.79	0.82	0.23	2.99
Free Cash Flow*	33.10	6.63	15.12	0.74	9.58	7.62	8.03	19.18	13.44	6.40	10.33	10.98	16.09	13.14	16.33	19.85	2.89	(12.25)	9.70	(1.55)
Investing Cash Flow	(11.38)	(6.88)	19.95	4.28	(2.37)	3.53	(7.67)	10.29	(0.52)	(7.95)	(8.83)	7.98	(14.63)	(14.68)	(1.27)	(4.23)	(7.56)	(4.79)	(4.64)	(3.80)
Financing Cash Flow	(12.06)	(9.51)	(21.45)	(11.79)	(9.30)	(10.37)	(7.89)	(10.17)	(7.01)	(8.54)	(6.54)	(10.11)	(7.20)	7.68	(7.20)	(11.99)	0.56	16.56	(0.48)	(3.64)

* Derived from reported values

Dividends Per Share

(USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023
Dividends Per Share	0.45	0.45	0.45	0.45	0.45	0.45	0.50	0.35	0.30	0.50	0.35