What is Karat Packaging's non-cash lease expense?

Karat Packaging (KRT) reported non-cash lease expense of $2.71M in Q1 2026.

How has Karat Packaging's non-cash lease expense changed year-over-year?

Karat Packaging's non-cash lease expense increased by 20.4% year-over-year, from $2.25M to $2.71M.

What does non-cash lease expense mean?

Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.

Karat Packaging KRT Non-Cash Lease Expense

Non-Cash Lease Expense at other companies

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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$667.99M+20.7%

Enterprise value$728.64M+17.1%

P/E21×+3.7×

P/S1.4×+0.1×

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 us-gaap:OperatingLeaseRightOfUseAssetAmortizationExpense.

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 non-cash lease expense?: Karat Packaging (KRT) reported non-cash lease expense of $2.71M in Q1 2026.
How has Karat Packaging's non-cash lease expense changed year-over-year?: Karat Packaging's non-cash lease expense increased by 20.4% year-over-year, from $2.25M to $2.71M.
What does non-cash lease expense mean?: Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.