Karat Packaging Inc. (KRT)

Karat Packaging Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	30.55	31.58	23.08	16.04	6.48	0.45
Short-Term Investments	26.44	28.34	26.34	-	-	-
Cash & Short-Term Investments	56.99	59.93	49.42	16.04	6.48	0.45
Cash Growth	9.49%	21.26%	208.08%	147.43%	1347.10%	-44.14%
Receivables	36.39	26.74	27.76	29.91	32.78	23.84
Inventory	88.78	70.72	71.53	71.21	58.47	48.96
Prepaid Expenses	4.09	3.61	6.22	6.64	5.14	6.53
Total Current Assets	186.25	161	154.93	123.8	102.87	79.78
Property, Plant & Equipment	129.68	128.61	115.97	111.28	93.48	95.53
Goodwill	3.51	3.51	3.51	3.51	3.51	3.11
Other Intangible Assets	0.29	0.3	0.33	0.35	0.38	-
Long-Term Deferred Tax Assets	0.2	-	-	-	-	0.06
Other Long-Term Assets	1.04	1.11	1.67	13.23	7.36	2.62
Total Assets	320.96	294.52	276.4	252.18	207.6	181.1
Accounts Payable	41.13	20.96	23.75	23.5	20.47	25.11
Accrued Expenses	14.38	13.62	10.58	9.01	7.44	4.66
Current Portion of Long-Term Debt	1.21	1.18	1.12	0.96	1.18	11.36
Current Portion of Leases	11.55	8.98	4.8	4.51	-	0.32
Current Income Taxes Payable	-	-	-	-	0.09	0.04
Current Unearned Revenue	1.14	0.81	3.75	1.28	-	-
Other Current Liabilities	0.1	0.9	0.4	-	1.59	1.65
Total Current Liabilities	69.5	46.45	44.4	39.25	30.76	43.14
Long-Term Debt	46.7	47.28	48.4	41.56	36.67	89.43
Long-Term Leases	38.68	35.44	16.69	11.62	-	0.29
Long-Term Unearned Revenue	-	2.37	-	2.65	2.5	2.2
Long-Term Deferred Tax Liabilities	0.62	0.43	4.2	5.16	5.63	6.18
Other Long-Term Liabilities	2.76	0.36	0.03	-	0	-
Total Liabilities	158.26	132.32	113.71	100.24	75.57	141.24
Common Stock	0.02	0.02	0.02	0.02	0.02	0.02
Additional Paid-In Capital	90.44	89.46	86.67	85.79	83.69	13.98
Retained Earnings	65.63	66.34	67.68	56.12	39.43	18.66
Treasury Stock	-0.25	-0.25	-0.25	-0.25	-0.25	-0.25
Total Common Equity	155.85	155.57	154.12	141.68	122.9	32.4
Minority Interest	6.86	6.63	8.57	10.25	9.13	7.46
Shareholders' Equity	162.71	162.2	162.69	151.93	132.03	39.87
Total Liabilities & Equity	320.96	294.52	276.4	252.18	207.6	181.1
Total Debt	98.13	92.87	71.01	58.65	37.85	101.4
Net Cash (Debt)	-41.14	-32.94	-21.59	-42.61	-31.37	-100.95
Net Cash Per Share	-2.04	-1.64	-1.08	-2.14	-1.69	-6.54
Filing Date Shares Outstanding	20.09	20.04	19.97	19.89	19.81	15.17
Total Common Shares Outstanding	20.08	19.99	19.97	19.89	19.8	15.17
Working Capital	116.75	114.55	110.53	84.55	72.11	36.64
Book Value Per Share	7.76	7.78	7.72	7.13	6.21	2.14
Tangible Book Value	152.05	151.76	150.28	137.82	119.01	29.29
Tangible Book Value Per Share	7.57	7.59	7.53	6.93	6.01	1.93
Land	11.91	11.91	11.91	11.91	11.91	11.91
Buildings	38.78	38.78	38.5	36.6	35.39	34.13
Machinery	76.19	76.43	75.47	78.57	67.81	60.37
Construction In Progress	0.26	0.43	-	-	-	-
Leasehold Improvements	19.21	19.19	19.09	19.06	18.66	17.83

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q