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Karat Packaging KRT Operating Income

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Other financials

Income statement

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Revenue$136.3M+9.9%
Gross profit$77.2M+57.1%
Net income$29.3M+168%
EPS (diluted)$1.46+170%

Balance sheet

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Cash & equivalents$38.4M+25.7%
Total debt$84.8M-14.7%
Total equity$166.5M+6.8%
Total assets$316.8M-1.3%

Cash flow

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Operating cash flow$33.2M+240%
CapEx$56.0K-66.5%
Free cash flow$33.1M+245%

Valuation

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Market cap$940.09M+83.3%
Enterprise value$986.54M+69.6%
P/E18.7×+2.7×
P/S1.9×+0.7×

Profitability

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Gross margin40.7%+1.5pp
Operating margin12.8%+3.1pp
Net margin10.2%+2.9pp
FCF margin11.3%+1.2pp

Returns & leverage

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Return on equity31.2%+10.7pp
Debt / equity0.5×-0.1×
Current ratio2.3×-0.4×

Where this comes from

Reported directly by Karat Packaging in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Karat Packaging’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001758021-26-000026
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
General and administrative expenses (including $675 and $785 associated with variable interest entity for the three months ended June 30, 2026 and 2025, respectively; $1,316 and $1,462 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)21,95419,12442,08037,672
Loss (gain), net, on disposal of property and equipment60(283)60(300)
Total operating expenses39,55832,55772,62065,499
Operating income37,60216,55046,06624,370
Other income (expenses)
Rental income (including $362 and $361 associated with variable interest entity for the three months ended June 30, 2026 and 2025, respectively; $719 and $807 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)7167551,4141,531
Other income (expenses), net (including $0 associated with variable interest entity for both the three months ended June 30, 2026 and 2025; $76 and $0 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)53(82)144(38)
(Loss) gain on foreign currency transactions(81)(2,867)171(2,628)

Item 1. Financial Statements

FAQ

What is Karat Packaging's operating income?
Karat Packaging (KRT) reported operating income of $37.6M in Q2 2026.
How has Karat Packaging's operating income changed year-over-year?
Karat Packaging's operating income increased by 127.2% year-over-year, from $16.55M to $37.6M.
What is the long-term trend for Karat Packaging's operating income?
Over 4 years (2021 to 2025), Karat Packaging's operating income has grown at a 15.7% compound annual growth rate (CAGR), from $23.15M to $41.41M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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