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Karat Packaging KRT Business Segments — Rent expense

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Other financials

Income statement

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Revenue$116.9M+12.9%
Gross profit$41.5M+1.9%
Operating income$8.5M+8.2%
Net income$6.7M+5.2%
EPS (diluted)$0.34+6.3%

Balance sheet

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Cash & equivalents$28.7M-11.7%
Total debt$89.3M-12.4%
Total equity$147.4M-3.8%
Total assets$282.7M-9.5%

Cash flow

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Operating cash flow$7.2M-6.9%
CapEx$565.0K+428%
Free cash flow$6.6M-13.0%

Valuation

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Market cap$620.47M+14.5%
Enterprise value$681.12M+11.4%
P/E19.5×+1.6×
P/S1.3×0.0×

Profitability

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Gross margin35.9%-3.0pp
Operating margin8.7%0.0pp
Net margin6.6%-0.4pp
FCF margin6.7%-4.5pp

Returns & leverage

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Return on equity21.2%+1.5pp
Debt / equity0.6×-0.1×
Current ratio2.3×-0.6×

Where this comes from

Reported directly by Karat Packaging in its filing.

Tagged under the XBRL concept krt:RentExpense.

The official record: Karat Packaging’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Karat Packaging's business segments — rent expense?
Karat Packaging (KRT) reported business segments — rent expense of $3.31M in Q1 2026.
How has Karat Packaging's business segments — rent expense changed year-over-year?
Karat Packaging's business segments — rent expense increased by 20.2% year-over-year, from $2.75M to $3.31M.
What is the long-term trend for Karat Packaging's business segments — rent expense?
Over 2 years (2023 to 2025), Karat Packaging's business segments — rent expense has grown at a 44.3% compound annual growth rate (CAGR), from $6.1M to $12.7M.
What does business segments — rent expense mean?
This captures the costs associated with leasing facilities, warehouses, or equipment necessary for the segment's operations. It reflects the company's real estate footprint and the impact of lease agreements on operating margins. Trends in this metric help assess the scalability of the physical infrastructure relative to revenue growth.