What is Karat Packaging's net debt?

Karat Packaging (KRT) reported net debt of $60.65M in Q1 2026.

How has Karat Packaging's net debt changed year-over-year?

Karat Packaging's net debt decreased by 12.8% year-over-year, from $69.55M to $60.65M.

What is the long-term trend for Karat Packaging's net debt?

Over 5 years (2020 to 2025), Karat Packaging's net debt has grown at a 36.5% compound annual growth rate (CAGR), from $11.63M to $55M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Karat Packaging KRT Net debt

Discontinued — last reported Q1 '26

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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

See full

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$817.51M+44.4%

Enterprise value$878.16M+38.3%

P/E25.7×+8.0×

P/S1.7×+0.4×

Profitability

See full

Gross margin35.9%-3.0pp

Operating margin8.7%0.0pp

Net margin6.6%-0.4pp

FCF margin6.7%-4.5pp

Returns & leverage

See full

Return on equity21.2%+1.5pp

Debt / equity0.6×-0.1×

Current ratio2.3×-0.6×

Where this comes from

Calculated from Karat Packaging’s reported figures.

$89.3Mtotal debt−$28.7Mcash and equivalents=$60.65M

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 net debt?: Karat Packaging (KRT) reported net debt of $60.65M in Q1 2026.
How has Karat Packaging's net debt changed year-over-year?: Karat Packaging's net debt decreased by 12.8% year-over-year, from $69.55M to $60.65M.
What is the long-term trend for Karat Packaging's net debt?: Over 5 years (2020 to 2025), Karat Packaging's net debt has grown at a 36.5% compound annual growth rate (CAGR), from $11.63M to $55M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.