KRT on Nasdaq
Karat Packaging Inc.
American plastics products company based in Chino, incorporated in Delaware2
In its 2026 annual report the company says: “We are a rapidly-growing and nimble distributor and manufacturer of disposable foodservice products and related items, including food and take-out containers, bags, boxes, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, gloves, janitorial supplies, and other products. Our products are available in plastic, paper, biopolymer-based, and other compostable forms. We are a leader in product innovation, offering a growing line of environmentally-friendly products to our customers, who are increasingly focused on sustainability.”5 Its shares trade on Nasdaq under the symbol KRT.2
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Last updated Oct 20, 2026.
Overview
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- TickerKRT on Nasdaq2
- IndustryPlastics Products, NEC2
- HeadquartersChino, United States2
- Incorporated inDE3
- Business address6185 Kimball Avenue, Chino, Ca 917083
- Filer categoryAccelerated filer, Smaller reporting company, Emerging growth company3
- Legal formCorporation2
- LEI549300JYUKCQP3P8D6322
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 70143332
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We are a rapidly-growing and nimble distributor and manufacturer of disposable foodservice products and related items, including food and take-out containers, bags, boxes, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, gloves, janitorial supplies, and other products. Our products are available in plastic, paper, biopolymer-based, and other compostable forms. We are a leader in product innovation, offering a growing line of environmentally-friendly products to our customers, who are increasingly focused on sustainability. We also offer customized solutions to our customers, including new product development, design, printing and logistics services.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
36.8%Gross margin6
8.9%Operating margin6
6.7%Net margin6
10.7%Revenue growth, 20256
21.1%Return on equity6
$33.1MFree cash flow6
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
National Distribution brought in 78% of the revenue Karat Packaging Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| National Distribution | $329.4M | $370.6M |
| Online | $70.1M | $75.3M |
| Retail | $23.1M | $21.9M |
| Logistics Services | $5.5M | $4.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue63¢$295.6M
- Other costs28¢$130.3M
- Income tax2¢$10.4M
- Profit7¢$31.5M
Out of $467.7M in revenue.6
Where each dollar of operating cash went, fiscal 2025
- Capital spending2¢$756.0K
- Dividends paid91¢$36.1M
- Share buybacks8¢$3.0M
Out of $33.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net sales | $467.7M | $422.6M |
| Cost of goods sold | $295.6M | $258.3M |
| Gross profit | $172.1M | $164.3M |
| Selling expenses | $53.8M | $52.3M |
| General and administrative expenses (including $2,855 and $2,358 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | $77.4M | $71.5M |
| (Gain) loss, net, on disposal of machinery and impairment expense | -$493.0K | $2.8M |
| Total operating expenses | $130.7M | $126.6M |
| Operating income | $41.4M | $37.8M |
| Rental income (including $1,516 and $1,038 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | $2.9M | $2.1M |
| Other income, net | $73.0K | $162.0K |
| (Loss) gain on foreign currency transactions | -$1.5M | $520.0K |
| Interest expense (including $1,966 and $2,062 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | -$2.1M | -$2.1M |
| Total other income, net | $1.6M | $2.9M |
| Income before provision for income taxes | $43.0M | $40.7M |
| Provision for income taxes | $10.4M | $9.9M |
| Net income | $32.7M | $30.8M |
| Net income attributable to noncontrolling interest | $1.2M | $849.0K |
| Net income attributable to Karat Packaging Inc. | $31.5M | $30.0M |
| Basic (in dollars per share) | $1.57 | $1.50 |
| Diluted (in dollars per share) | $1.56 | $1.49 |
| Weighted average common shares outstanding, basic (in shares) | 20.1M shares | 20.0M shares |
| Weighted average common shares outstanding, diluted (in shares) | 20.2M shares | 20.1M shares |
| Interest income | $2.2M | $2.3M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents (including $1,488 and $1,703 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $37.9M | $31.6M | |
| Accounts receivable net | $36.4M | $26.7M | |
| Inventories | $81.7M | $70.7M | |
| Total current assets | $161.2M | $161.0M | |
| Deposits | $0 | $36.0K | |
| Goodwill | $3.5M | $3.5M | $3.5M |
| Intangible assets, net | $273.0K | $300.0K | |
| Operating right-of-use assets | $40.3M | $40.6M | |
| Deferred tax assets | $255.0K | $0 | |
| Other non-current assets (including $68 and $34 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $1.0M | $1.1M | |
| Total assets | $287.7M | $294.5M | |
| Income taxes payable (including $0 and $3 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $0 | $65.0K | |
| Deferred revenue | $713.0K | $742.0K | |
| Long-term debt, current portion (including $12,941 and $1,179 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $12.9M | $1.2M | |
| Operating lease liabilities, current portion | $12.0M | $9.0M | |
| Other current liabilities (including $49 and $916 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $129.0K | $968.0K | |
| Total current liabilities | $70.2M | $46.4M | |
| Deferred tax liability | $2.9M | $426.0K | |
| Long-term debt, net of current portion and debt discount of $78 and $141 at December 31, 2025 and December 31, 2024, respectively (including $22,862 and $47,279 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively, and debt discount of $78 and $141 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $22.9M | $47.3M | |
| Operating lease liabilities, net of current portion | $32.1M | $35.4M | |
| Other non-current liabilities (including $1,224 and $1,198 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $2.7M | $2.7M | |
| Total liabilities | $130.8M | $132.3M | |
| Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding, as of both December 31, 2025 and December 31, 2024 | $0 | $0 | |
| Common stock, $0.001 par value, 100,000,000 shares authorized, 20,122,505 and 19,962,131 shares issued and outstanding, respectively, as of December 31, 2025, and 20,059,505 and 20,036,505 shares issued and outstanding, respectively, as of December 31, 2024 | $20.0K | $20.0K | |
| Additional paid in capital | $90.9M | $89.5M | |
| Treasury stock, 0.001 par value, 160,374 and 23,000 shares as of December 31, 2025 and December 31, 2024 respectively | -$3.2M | -$248.0K | |
| Retained earnings | $61.7M | $66.3M | |
| Total Karat Packaging Inc. stockholders equity | $149.4M | $155.6M | |
| Noncontrolling interest | $7.5M | $6.6M | |
| Total stockholders equity | $156.9M | $162.2M | $162.7M |
| Total liabilities and stockholders equity | $287.7M | $294.5M | |
| Short-term investments | $0 | $28.3M | |
| Accounts receivable, net of allowance of bad debt | $581.0K | $758.0K | |
| Prepaid expenses and other current assets | $5.2M | $3.6M | |
| Property and equipment, net | $81.2M | $88.0M | |
| Accrued expenses | $13.5M | $13.6M | |
| Debt discount non current | $78.0K | $141.0K | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | |
| Common stock, shares issued (in shares) | 20.1M shares | 20.1M shares | |
| Common stock, shares outstanding (in shares) | 20.0M shares | 20.0M shares | |
| Treasury stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Treasury stock, shares (in shares) | -160.4K shares | -23.0K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents (including $1,488 and $1,703 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $37.9M | $31.6M | |
| Accounts receivable net | $36.4M | $26.7M | |
| Inventories | $81.7M | $70.7M | |
| Total current assets | $161.2M | $161.0M | |
| Deposits | $0 | $36.0K | |
| Goodwill | $3.5M | $3.5M | $3.5M |
| Intangible assets, net | $273.0K | $300.0K | |
| Operating right-of-use assets | $40.3M | $40.6M | |
| Deferred tax assets | $255.0K | $0 | |
| Other non-current assets (including $68 and $34 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $1.0M | $1.1M | |
| Total assets | $287.7M | $294.5M | |
| Income taxes payable (including $0 and $3 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $0 | $65.0K | |
| Deferred revenue | $713.0K | $742.0K | |
| Long-term debt, current portion (including $12,941 and $1,179 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $12.9M | $1.2M | |
| Operating lease liabilities, current portion | $12.0M | $9.0M | |
| Other current liabilities (including $49 and $916 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $129.0K | $968.0K | |
| Total current liabilities | $70.2M | $46.4M | |
| Deferred tax liability | $2.9M | $426.0K | |
| Long-term debt, net of current portion and debt discount of $78 and $141 at December 31, 2025 and December 31, 2024, respectively (including $22,862 and $47,279 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively, and debt discount of $78 and $141 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $22.9M | $47.3M | |
| Operating lease liabilities, net of current portion | $32.1M | $35.4M | |
| Other non-current liabilities (including $1,224 and $1,198 associated with variable interest entity at December 31, 2025 and December 31, 2024, respectively) | $2.7M | $2.7M | |
| Total liabilities | $130.8M | $132.3M | |
| Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding, as of both December 31, 2025 and December 31, 2024 | $0 | $0 | |
| Common stock, $0.001 par value, 100,000,000 shares authorized, 20,122,505 and 19,962,131 shares issued and outstanding, respectively, as of December 31, 2025, and 20,059,505 and 20,036,505 shares issued and outstanding, respectively, as of December 31, 2024 | $20.0K | $20.0K | |
| Additional paid in capital | $90.9M | $89.5M | |
| Treasury stock, 0.001 par value, 160,374 and 23,000 shares as of December 31, 2025 and December 31, 2024 respectively | -$3.2M | -$248.0K | |
| Retained earnings | $61.7M | $66.3M | |
| Total Karat Packaging Inc. stockholders equity | $149.4M | $155.6M | |
| Noncontrolling interest | $7.5M | $6.6M | |
| Total stockholders equity | $156.9M | $162.2M | $162.7M |
| Total liabilities and stockholders equity | $287.7M | $294.5M | |
| Short-term investments | $0 | $28.3M | |
| Accounts receivable, net of allowance of bad debt | $581.0K | $758.0K | |
| Prepaid expenses and other current assets | $5.2M | $3.6M | |
| Property and equipment, net | $81.2M | $88.0M | |
| Accrued expenses | $13.5M | $13.6M | |
| Debt discount non current | $78.0K | $141.0K | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | |
| Common stock, shares issued (in shares) | 20.1M shares | 20.1M shares | |
| Common stock, shares outstanding (in shares) | 20.0M shares | 20.0M shares | |
| Treasury stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Treasury stock, shares (in shares) | -160.4K shares | -23.0K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $32.7M | $30.8M |
| Depreciation and amortization (including $1,214 and $1,213 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | $10.9M | $10.7M |
| Adjustments to allowance for bad debt | $168.0K | $468.0K |
| Adjustments to inventory reserve | $70.0K | $290.0K |
| Write-off of inventories | $917.0K | $1.5M |
| Impairment of operating right-of-use asset | $0 | $2.0M |
| (Gain) loss, net, on disposal of property and equipment | -$493.0K | $759.0K |
| Amortization of loan fees (including $62 associated with variable interest entity for both the year ended December 31, 2025 and 2024) | $125.0K | $92.0K |
| 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 | -$50.0K |
| Stock-based compensation | $1.2M | $2.1M |
| Amortization of operating right-of-use assets | $10.2M | $7.6M |
| Deferred income taxes | $2.3M | -$3.8M |
| Government grant income (including $33 and $187 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | -$70.0K | -$360.0K |
| Accounts receivable (including $4 and $32 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | -$9.8M | $559.0K |
| Inventories | -$11.9M | -$942.0K |
| Other non-current assets (including $35 and $20 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | $15.0K | -$79.0K |
| Related party payable | $1.5M | -$2.2M |
| Income taxes payable (including $0 and 3 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | -$65.0K | $65.0K |
| Deferred revenue | -$29.0K | -$281.0K |
| Operating lease liabilities | -$10.3M | -$6.7M |
| Other liabilities (including $66 and $0 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively) | $98.0K | -$45.0K |
| Net cash provided by operating activities | $33.8M | $48.0M |
| Purchases of property and equipment | -$756.0K | -$934.0K |
| Proceeds from disposal of property and equipment | $1.5M | $134.0K |
| Deposits paid for property and equipment | -$3.7M | -$3.1M |
| Purchases of publicly-traded equity securities | -$451.0K | $29.0K |
| Proceeds from disposal of publicly-traded equity securities | $503.0K | $0 |
| 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) | $44.6M | $48.9M |
| Net cash provided by (used in) investing activities | $25.4M | -$5.9M |
| 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) | -$12.7M | -$1.1M |
| Payments for lender fees | -$147.0K | $0 |
| Proceeds from line of credit | $4.5M | $0 |
| Repayments on line of credit | -$4.5M | $0 |
| Proceeds from exercise of common stock options | $300.0K | $725.0K |
| Repurchases of common stock | -$3.0M | $0 |
| Dividends paid to shareholders | -$36.1M | -$31.0M |
| 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) | -$377.0K | $0 |
| 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 | -$2.3M |
| 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 | $120.0K |
| Payment of Global Wells noncontrolling membership interest redemption gain tax withholding | -$879.0K | $0 |
| Net cash used in financing activities | -$52.9M | -$33.6M |
| Net increase in cash and cash equivalents | $6.3M | $8.5M |
| Transfers from deposits to property and equipment | $3.8M | $3.7M |
| Non-cash purchases of property and equipment | $962.0K | $122.0K |
| Non-cash disposal of property and equipment | $480.0K | $0 |
| Non-cash excise tax on share repurchases | $12.0K | $0 |
| Cash paid for income taxes | $9.1M | $11.0M |
| Cash paid for interest | $1.9M | $2.0M |
| Prepaid expenses and other current assets | $1.3M | -$2.8M |
| Accounts payable | $7.8M | -$260.0K |
| Accrued expenses | -$95.0K | $3.0M |
| Purchase of short-term investments | $16.3M | $50.8M |
No quarter-by-quarter statement was filed.
Corporate structure
Karat Packaging Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Karat Packaging Inc.
- Alan Yu Filed SC 13D/A on Karat Packaging Inc., latest Sep 25, 2023 (2 filings since Oct 6, 2021)
- Marvin Cheng Filed SC 13D/A on Karat Packaging Inc., latest Sep 25, 2023 (3 filings since Oct 6, 2021)
- Karat Packaging Inc. Chino, California, United States
- Lollicup Franchising, LLC Subsidiary · Texas, United States
- Lollicup USA Inc. Subsidiary · Texas, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Karat Packaging Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $144.6M6 Dec 31, 2025 | $146.7M6 Dec 31, 2024 | −1.4% |
| Accumulated depreciation | $63.5M6 Dec 31, 2025 | $58.8M6 Dec 31, 2024 | +8.0% |
| Property and equipment, net | $81.2M6 Dec 31, 2025 | $88.0M6 Dec 31, 2024 | −7.8% |
| Operating-lease assets (leased space) | $40.3M6 Dec 31, 2025 | $40.6M6 Dec 31, 2024 | −0.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $37.9M6 Dec 31, 2025 | $31.6M6 Dec 31, 2024 | +19.9% |
| Marketable securities, current | $06 Dec 31, 2025 | $28.3M6 Dec 31, 2024 | −100.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $3.5M6 Dec 31, 2025 | $3.5M6 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $273.0K6 Dec 31, 2025 | $300.0K6 Dec 31, 2024 | −9.0% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $81.7M6 Dec 31, 2025 | $70.7M6 Dec 31, 2024 | +15.5% |
| Raw materials | $4.4M6 Dec 31, 2025 | $6.6M6 Dec 31, 2024 | −33.1% |
| Finished goods | $76.6M6 Dec 31, 2025 | $62.8M6 Dec 31, 2024 | +22.0% |
Properties, in its own words
We lease our principal executive and administrative offices located at 6185 Kimball Avenue, Chino, California 91708. At the same location, we operate an approximately 300,000 square foot manufacturing, warehouse storage, and distribution facility.
We lease (i) an approximately 500,000 square foot manufacturing, warehouse storage and distribution facility in Rockwall, Texas and (ii) an approximately 108,000 square foot warehouse storage and distribution facility in Branchburg, New Jersey from our consolidated variable interest entity, as further described in Note 2 — Summary of Significant Accounting Policies in the Notes to the Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K. We also lease and operate (i) an approximately 98,000 square foot warehouse storage and distribution facility in Puyallup, Washington, (ii) an approximately 76,000 square foot manufacturing, warehouse storage, and distribution facility in Kapolei, Hawaii, (iii) an approximately 23,000 square foot warehouse storage and distribution facility also in Kapolei, Hawaii, (iv) an approximately 44,000 square foot warehouse storage and distribution facility in Mesa, Arizona, (v) an approximately 83,000 square foot warehouse storage and distribution facility in Sugar Land, Texas, (vi) an approximately 105,000 square foot warehouse storage and distribution facility in Aurora, Illinois, and (vii) an approximately 187,000 square foot warehouse storage and distribution facility in Chino, California. Additionally, we lease an approximately 70,000 square foot warehouse facility in City of Industry, California, which we sublet since April 2024.
Item 2 of the 10-K filed Mar 13, 2026.5
Leadership
Who has led Karat Packaging Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2025
- Chief financial officerJian Guo Feb 2, 2022 to now13
- Chief financial officerAnn T. Sabahat Apr 16, 2021 to Oct 5, 202114
- Chief operating officerJoanne Tzu Jung Wang Apr 15, 2021 to Oct 19, 202315
Board members and other officers (7)
- Chief Revenue OfficerDaniel Quire Sep 11, 2023 to now16
- VP-Manufacturing, Secy & Dir.Marvin Cheng Apr 15, 2021 to now17
- Board memberJian Guo Feb 8, 2024 to now18
- Board memberEve Yen Apr 15, 2021 to now19
- Board memberMarvin Cheng Apr 15, 2021 to Dec 8, 202117
- Board memberPaul Y. Chen Apr 15, 2021 to now20
- Board memberJoanne Tzu Jung Wang Dec 21, 2021 to Feb 14, 202421
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 6, 20268-K Results of operations22
- Aug 5, 20268-K Other events23
- Jun 17, 20268-K Shareholder vote24
- May 7, 20268-K Results of operations25
- May 6, 20268-K Other events26
- Mar 17, 20268-K Change of auditor27
- Mar 12, 20268-K Results of operations28
- Feb 6, 20268-K Other events29
- Nov 6, 20258-K Results of operations30
- Nov 5, 20258-K Other events31
- Aug 7, 20258-K Results of operations32
- Aug 6, 20258-K Other events33
- Sep 28, 2018Founded Karat Packaging Inc. is founded2
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.36 a share, on Nov 6, 2025.34
When it reported results
- Aug 6, 2026Reported quarterly or annual results22
- May 7, 2026Reported quarterly or annual results25
- Mar 12, 2026Reported quarterly or annual results28
- Nov 6, 2025Reported quarterly or annual results30
- Aug 7, 2025Reported quarterly or annual results32
- May 8, 2025Reported quarterly or annual results35
- Mar 13, 2025Reported quarterly or annual results36
- Nov 7, 2024Reported quarterly or annual results37
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
207 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 59 major events, 97 insider forms, 5 large holders, 25 other. The latest 20:
- Sep 8, 20264 EDGAR
- Sep 2, 2026144 EDGAR
- Sep 2, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Aug 5, 20268-K EDGAR
- Jun 17, 20268-K EDGAR
- May 15, 20264 EDGAR
- May 15, 20264 EDGAR
- May 15, 20264 EDGAR
- May 14, 20264 EDGAR
- May 14, 20264 EDGAR
- May 14, 20264 EDGAR
- May 11, 20264 EDGAR
- May 11, 20264 EDGAR
- May 11, 20264 EDGAR
- May 8, 202610-Q EDGAR
- May 7, 20268-K EDGAR
The 207 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
48 open-market trades by officers, directors and large owners since October 2021: 16 buys and 32 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | Cheng MarvinVP-Manufacturing, Secy | Sale | 2,000 | $48.50 | $97.0K | Form 4 |
| Sep 4, 2026 | Cheng MarvinVP-Manufacturing, Secy | Sale | 4,000 | $48.38 | $193.5K | Form 4 |
| Sep 1, 2026 | Cheng MarvinVP-Manufacturing, Secy | Sale | 2,000 | $47.75 | $95.5K | Form 4 |
| Aug 20, 2026 | Cheng MarvinVP-Manufacturing, Secy | Sale | 4,500 | $47.33 | $213.0K | Form 4 |
| Nov 12, 2025 | Guo JianChief Financial Officer | Buy | 1,361 | $22.11 | $30.1K | Form 4 |
| Jun 27, 2025 | Yu AlanChief Executive Officer | Sale | 112,500 | $27.00 | $3.0M | Form 4 |
| Jun 27, 2025 | Cheng MarvinVP-Manufacturing, Secy | Sale | 112,500 | $27.00 | $3.0M | Form 4 |
| Jun 12, 2025 | Cheng MarvinVP-Manufacturing, Secy | Sale | 750,000 | $27.00 | $20.2M | Form 4 |
| Jun 12, 2025 | Yu AlanChief Executive Officer | Sale | 750,000 | $27.00 | $20.2M | Form 4 |
| Nov 28, 2023 | Wang Joanne Tzu JungDirector | Sale | 11,578 | $21.40 | $247.8K | Form 4 |
| Nov 21, 2023 | Wang Joanne Tzu JungDirector | Sale | 7,761 | $21.36 | $165.8K | Form 4 |
| Nov 20, 2023 | Wang Joanne Tzu JungDirector | Sale | 4,239 | $21.44 | $90.9K | Form 4 |
| Oct 17, 2023 | Wang Joanne Tzu JungDirector | Sale | 8,645 | $22.09 | $191.0K | Form 4 |
| Oct 17, 2023 | Quire DanielChief Revenue Officer | Sale | 490 | $22.09 | $10.8K | Form 4 |
| Sep 19, 2023 | Cheng MarvinVP-Manufacturing, Secy | Sale | 150,000 | $21.00 | $3.1M | Form 4 |
| Sep 12, 2023 | Yu AlanChief Executive Officer | Sale | 500,000 | $21.00 | $10.5M | Form 4 |
| Sep 12, 2023 | Cheng MarvinVP-Manufacturing, Secy | Sale | 500,000 | $21.00 | $10.5M | Form 4 |
| Dec 16, 2022 | Cheng MarvinVP-Manufacturing, Secy | Buy | 1,000 | $13.44 | $13.4K | Form 4 |
| Dec 16, 2022 | Cheng MarvinVP-Manufacturing, Secy | Buy | 1,000 | $13.44 | $13.4K | Form 4 |
| Dec 16, 2022 | Yu AlanChief Executive Officer | Buy | 7,100 | $12.97 | $92.1K | Form 4 |
All 48 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Alan YuSC 13D/A, 2 filings Oct 6, 2021 to Sep 25, 202338
- Marvin ChengSC 13D/A, 3 filings Oct 6, 2021 to Sep 25, 202339
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Karat Packaging Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKarat Packaging Inc.1
- CIK0001758021
- Employer ID (EIN)83-22378325
- Filer statusAccelerated filer an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)3089 Plastics Products, NEC1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address6185 Kimball Avenue, Chino, CA 917081
- Phone62696588821
- Shares outstanding19,931,721 as of Aug 4, 202612
- Public float$244.1M as of Jun 30, 20255
- AuditorPricewaterhouseCoopers LLP, Los Angeles, California PCAOB ID 238; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceDec 21, 20181
- Filings252 in all: 4 (91), 8-K (66), 10-Q (17), 3 (10), 10-K (5), CORRESP (5), DEF 14A (5), S-1/A (5)1
All 31 form types
UPLOAD (5), 424B3 (4), ARS (4), 144 (3), 5 (3), DRS/A (3), EFFECT (3), SC 13D/A (3), DRS (2), DRSLTR (2), S-1 (2), S-3 (2), SC 13D (2), 10-K/A (1), 3/A (1), 4/A (1), 424B4 (1), 8-A12B (1), CERT (1), D (1), DEFR14A (1), RW (1), S-8 (1)
- Latest filingsAnnual report (10-K) Mar 13, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Apr 24, 2026
Latest 8-K (8-K) Aug 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value | KRT | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Karat Packaging Inc. names in Item 1A of its 10-K filed Mar 13, 2026: 54 risks under these headings, as written.5
- Risks Related to Our Industry
- Demand for our products could be affected by changes in laws and regulations applicable to food and beverages and changes in consumer preferences.
- Supply chain disruptions could interrupt product manufacturing and increase product costs.
- Raw material inflation or shortage of available materials could harm our financial condition and results of operations.
- We operate in a highly competitive environment and may not be able to compete successfully.
- Unfavorable conditions in our industry or the global economy could limit our ability to grow our business and negatively affect our results of operations.
- Changes in freight carrier costs related to the shipment of our products could have a negative impact on our business and results of operations.
- We may experience delays or disruptions in the shipment of our goods through operational ports.
- Our net sales and profits depend on the level of customer spending for our products, which is sensitive to general economic conditions and other factors.
- Changes in tax laws or changes in our geographic mix of earnings could have a negative impact on our business and results of operations.
- Risks Related to Our Business
- Our business could be harmed if we are unable to accurately forecast demand for our products or our results of operations.
The other 44 risks
- We may continue to incur significant capital expenditures which could affect our ability to meet our obligations and may otherwise restrict our growth.
- Because we have entered into a significant number of related party transactions through the course of our routine business operations, there is a risk of conflicts of interest involving our management, and that such transactions may not reflect terms that would be available from unaffiliated third parties.
- We may not have adequate insurance coverage.
- We may be unable to successfully design and develop new products.
- We may be subject to liability if we infringe upon the intellectual property rights of third parties.
- Our current and future products may experience quality problems from time to time that can result in product returns, product recalls, credit claims, negative publicity, and even litigation, which could result in decreased sales and operating profit margin, and also bring harm to our brand.
- Labor cost inflation and the unavailability of skilled workers could disrupt our business.
- Our growth depends, in part, on expanding into additional foodservice and geographic markets, and we may not be successful in doing so.
- We rely on third-party contract manufacturers and conflicts with, or loss of, our suppliers could negatively impact our business and results of operations.
- Our relationship with our suppliers and third-party contract manufacturers are not exclusive, which means that these suppliers and manufacturers could produce similar products for our competitors.
- Our reputation and business could suffer due to non-compliance with ethical and legal standards by our suppliers and manufacturers.
- We incur significant expenses to maintain our manufacturing equipment and any interruption in the operations of our facilities could negatively impact our business and results of operations.
- Many of our operating costs and expenses are fixed and will not decline if our revenues decline.
- The successful running of our operations is highly dependent upon information technology systems and tools operating as intended without any down-time or disruptions in service. Security incidents and attacks on our information technology systems and tools could lead to significant costs and business disruptions.
- Cybersecurity risks and cyber incidents may adversely affect our business by causing a disruption to our operations, a compromise or corruption of confidential information, misappropriation of assets, and damage to our business relationships, all of which could negatively impact our business and results of operations.
- Adopting artificial intelligence (AI) technologies poses risks such as regulatory scrutiny, cybersecurity vulnerabilities, ethical concerns, and system inaccuracies, potentially leading to disruptions, costs, and reputational harm.
- Our future success depends on the continuing efforts of our management and key employees, and on our ability to attract and retain highly skilled personnel and senior management.
- We may not be able to effectively manage our growth.
- We may become involved in legal or regulatory proceedings and audits.
- We are subject to payment-related risks.
- We are subject to credit risk.
- If we fail to maintain an effective system of internal controls, we may not be able to accurately or timely report our financial results, in which case our business may be harmed, investors may lose confidence in the accuracy and completeness of our financial reports and the price of our common stock may decline.
- If our goodwill, other intangible assets, or our property and equipment become impaired, we may be required to record a charge to our earnings.
- If our estimates or judgments relating to our critical accounting policies prove to be incorrect or change significantly, our results of operations could be harmed.
- Risks Related to Societal and Environmental Factors
- Climate change and sustainability initiatives may result in significant operational changes and expenditures and adversely affect our business.
- We are subject to environmental laws and regulations that expose us to a number of risks and could result in significant liabilities and costs.
- Risks Related to the Global Events and International Nature of Our Operations
- Recent trade policy shifts and regulatory developments, including increased import tariffs and the renegotiation of trade agreements, could have a material adverse impact on our business, financial condition or results of operations.
- International political instability and armed conflicts could result in market instability, which could negatively impact our business results.
- If we fail to obtain shipments of products from our overseas manufacturers with standard shipping by sea, our gross margin, profitability, and our business could be harmed.
- Many of our products are manufactured by third parties outside of the United States, and our business may be harmed by legal, regulatory, economic, and political risks associated with international trade and those markets.
- Foreign exchange rate fluctuations could affect our results of operations.
- Risks Related to Ownership of Our Common Stock and Our Capital Structure
- Our directors, executive officers, and significant stockholders have substantial control over us and could delay or prevent a change in corporate control.
- Our stock price may be volatile or may decline, including due to factors beyond our control, resulting in substantial losses for investors.
- Acquisitions could result in operating difficulties and may materially adversely affect our business, financial condition, results of operations and growth prospects.
- Substantial future sales, or the perception or anticipation of future sales, of shares of our common stock may cause our stock price to decline. This could cause the market price of our common stock to drop significantly, even if our business is doing well.
- Our bylaws designate the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain actions, which could limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with the Company and its directors, officers, or other employees and may discourage lawsuits with respect to such claims.
- We may issue preferred stock, the terms of which could adversely affect the voting power or value of our common stock.
- We intend to pay quarterly dividends for the foreseeable future. If our stock price does not appreciate after you purchase our shares, you may lose some or all of your investment.
- We are a holding company with no operations of our own and, as such, we depend on our subsidiaries for cash to fund our operations and expenses, including future dividend payments, if any.
- If securities or industry analysts do not publish research or reports about our business, or publish negative reports about our business, our stock price and trading volume could decline.
- Outstanding indebtedness may reduce our available funds.
- We may depend on cash generated from outside sources of funding to support our growth.
- Our share repurchase program could affect the price of our common stock and increase volatility and could be suspended or terminated at any time, which could result in a decrease in the trading price of our common stock.
- General Risk Factors
- We are an emerging growth company and the reduced disclosure requirements applicable to emerging growth companies could make our common stock less attractive to investors.
Legal proceedings
From time to time, we are involved in various legal proceedings. Although no assurance can be given, we do not believe that any of our currently pending proceedings will have a material adverse effect on our financial condition, cash flows or results of operations.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARJian Guo, Chief financial officer
- 14
- 15
- 16SEC EDGARDaniel Quire, Chief Revenue Officer
- 17
- 18SEC EDGARJian Guo, Board member
- 19SEC EDGAREve Yen, Board member
- 20SEC EDGARPaul Y. Chen, Board member
- 21SEC EDGARJoanne Tzu Jung Wang, Board member
- 22SEC EDGARResults of operations
- 23SEC EDGAROther events
- 24SEC EDGARShareholder vote
- 25SEC EDGARResults of operations
- 26SEC EDGAROther events
- 27SEC EDGARChange of auditor
- 28SEC EDGARResults of operations
- 29SEC EDGAROther events
- 30SEC EDGARResults of operations
- 31SEC EDGAROther events
- 32SEC EDGARResults of operations
- 33SEC EDGAROther events
- 34NasdaqNasdaq calendar
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