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Karat Packaging Inc. (KRT) Annual Reports

Q: Where can I read Karat Packaging Inc. (KRT) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

Karat Packaging Inc. is listed on Nasdaq, classified by the SEC under Plastics Products, NEC (SIC 3089). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1758021 →

Website：Official site ↗

Financial Highlights

FY2026 Q3 (quarterly, ended 2026-09-30)
	Current	Prior year	YoY
Revenue	$134.7M	$124.5M	+8.2%
Operating income	$4.9M	$8.6M	-43.2%
Net income	$4.4M	$7.3M	-40.0%
EPS (diluted)	$0.22	$0.36	-38.9%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 135 mn Net income 4.39 mn

Show table：Income statement

Item	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
Revenue	64.1	84.7	76.3	70.4	75.7	94.5	103	91.3	105	115	110	92.7	95.8	109	106	95.6	95.6	113	113	102	104	124	125	116	117	136	135
Gross profit	17.9	28.9	23.0	19.3	21.6	28.1	29.8	28.3	34.3	34.0	34.2	29.7	38.1	41.9	38.9	34.1	37.6	43.4	43.5	39.8	40.8	49.1	42.9	39.4	41.5	77.2	45.1
Operating income	4.09	14.5	7.04	2.06	3.77	6.87	5.37	7.14	9.49	7.80	7.91	4.81	12.7	13.3	11.4	4.63	8.08	11.1	11.3	7.30	7.82	16.6	8.57	8.47	8.46	37.6	4.87
Net income	2.45	10.1	4.07	0.92	1.78	9.58	3.79	5.63	6.67	6.34	6.10	4.54	9.01	10.5	9.07	3.90	6.17	9.10	9.09	5.62	6.41	10.9	7.33	6.81	6.74	29.3	4.39

Balance sheet

Quarterly · In mn (USD)

Total assets 306 mn Total liabilities 135 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
Current assets	—	—	—	79.8	76.0	106	101	103	134	134	125	124	142	161	159	155	161	170	170	161	172	186	171	161	161	199	192
Total assets	—	—	—	181	177	207	203	208	240	247	239	252	273	287	280	276	279	311	307	295	312	321	303	288	283	317	306
Current liabilities	—	—	—	43.1	39.5	40.1	32.5	30.8	39.8	37.4	34.8	39.3	44.2	50.7	45.7	44.4	48.2	55.6	54.5	46.5	60.1	69.5	79.6	70.2	70.3	88.5	105
Total liabilities	—	—	—	141	134	87.0	78.5	75.6	100	99.7	85.4	100	112	122	115	114	119	147	143	132	152	158	141	131	128	143	135
Equity	24.6	33.9	38.3	32.4	34.2	112	116	123	130	137	144	142	151	155	154	154	154	158	157	156	153	156	154	149	147	166	163

Cash flow

Quarterly · In mn (USD)

Operating 9.68 mn Investing 5.22 mn Financing -19.9 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
Operating	1.50	7.24	3.56	2.25	4.50	-7.19	1.44	9.93	-11.4	3.68	20.3	17.0	14.2	16.9	12.0	10.3	6.56	13.7	19.5	8.25	7.73	9.75	0.98	15.4	7.19	33.1	9.68
Investing	-3.01	-28.0	-3.16	-3.22	-2.09	-2.74	-3.80	-4.64	-4.79	-7.56	-4.23	-1.27	-14.7	-14.6	7.98	-8.83	-7.95	-0.52	10.3	-7.67	3.53	-2.37	4.28	19.9	-6.88	-11.4	5.22
Financing	2.97	21.0	-0.9	-0.64	-1.90	16.7	-3.64	-0.48	16.6	0.56	-12.0	-7.20	7.68	-7.20	-10.1	-6.54	-8.54	-7.01	-10.2	-7.89	-10.4	-9.30	-11.8	-21.4	-9.51	-12.1	-19.9
Cash at period end	2.27	2.57	2.07	0.45	0.96	7.68	1.68	6.48	6.82	3.50	7.53	16.0	23.2	18.3	28.2	23.1	13.1	19.3	38.9	31.6	32.5	30.6	24.0	37.9	28.7	38.4	33.4

Profitability

Quarterly · %

Gross margin 33.5% Operating margin 3.6% Net margin 3.3%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
Gross margin	27.9%	34.1%	30.2%	27.4%	28.6%	29.7%	29.0%	31.0%	32.5%	29.6%	31.1%	32.0%	39.8%	38.5%	36.9%	35.7%	39.3%	38.5%	38.6%	39.2%	39.3%	39.6%	34.5%	34.0%	35.5%	56.6%	33.5%
Operating margin	6.4%	17.1%	9.2%	2.9%	5.0%	7.3%	5.2%	7.8%	9.0%	6.8%	7.2%	5.2%	13.3%	12.3%	10.8%	4.8%	8.4%	9.9%	10.0%	7.2%	7.5%	13.3%	6.9%	7.3%	7.2%	27.6%	3.6%
Net margin	3.8%	11.9%	5.3%	1.3%	2.4%	10.1%	3.7%	6.2%	6.3%	5.5%	5.5%	4.9%	9.4%	9.7%	8.6%	4.1%	6.5%	8.1%	8.1%	5.5%	6.2%	8.8%	5.9%	5.9%	5.8%	21.5%	3.3%

Returns & leverage

Quarterly · %

ROE 29.8% ROA 15.5% Debt ratio 44.1%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
ROE	—	—	—	54.1%	57.3%	22.5%	20.8%	26.8%	31.2%	18.0%	19.0%	17.9%	18.5%	20.7%	22.2%	21.9%	19.4%	18.1%	18.1%	19.4%	19.6%	20.4%	19.4%	20.6%	21.1%	31.1%	29.8%
ROA	—	—	—	9.7%	9.5%	7.9%	7.9%	10.7%	12.3%	9.9%	11.2%	10.3%	10.1%	11.3%	12.8%	12.3%	10.7%	9.4%	9.6%	10.5%	10.2%	10.2%	9.9%	10.8%	10.7%	15.7%	15.5%
Debt ratio	—	—	—	78.0%	75.7%	42.0%	38.6%	36.4%	41.7%	40.3%	35.6%	39.8%	41.0%	42.4%	41.1%	41.1%	42.5%	47.3%	46.7%	44.9%	48.7%	49.3%	46.6%	45.5%	45.1%	45.0%	44.1%

EPS

Quarterly · US$

EPS US$0.22

Show table：EPS

Item	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
EPS（US$）	0.16	0.65	0.26	0.06	0.12	0.50	0.19	0.28	0.34	0.32	0.31	0.23	0.45	0.53	0.45	0.20	0.31	0.45	0.45	0.28	0.32	0.54	0.36	0.34	0.34	1.46	0.22

Revenue & profit

Year-to-date · In mn (USD)

Revenue 388 mn Net income 40.5 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 306 mn Total liabilities 135 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 50.0 mn Investing -13.0 mn Financing -41.4 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 42.2% Operating margin 13.1% Net margin 10.4%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 29.8% ROA 15.5% Debt ratio 44.1%

EPS

Year-to-date · US$

EPS US$2.02

Revenue & profit

Annual · In mn (USD)

Revenue 468 mn Net income 31.5 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2020	2021	2022	2023	2024	2025
Revenue	296	364	423	406	423	468
Gross profit	89.1	108	132	153	164	172
Operating income	27.7	23.1	30.0	42.1	37.8	41.4
Net income	17.5	20.8	23.6	32.5	30.0	31.5

Balance sheet

Annual · In mn (USD)

Total assets 288 mn Total liabilities 131 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2020	2021	2022	2023	2024	2025
Current assets	79.8	103	124	155	161	161
Total assets	181	208	252	276	295	288
Current liabilities	43.1	30.8	39.3	44.4	46.5	70.2
Total liabilities	141	75.6	100	114	132	131
Equity	32.4	123	142	154	156	149

Cash flow

Annual · In mn (USD)

Operating 33.8 mn Investing 25.4 mn Financing -52.9 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2020	2021	2022	2023	2024	2025
Operating	14.6	8.68	29.5	53.4	48.0	33.8
Investing	-37.4	-13.3	-17.8	-30.2	-5.85	25.4
Financing	22.4	10.6	-2.07	-16.2	-33.6	-52.9
Cash at period end	0.45	6.48	16.0	23.1	31.6	37.9

Profitability

Annual · %

Gross margin 36.8% Operating margin 8.8% Net margin 6.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2020	2021	2022	2023	2024	2025
Gross margin	30.2%	29.6%	31.2%	37.7%	38.9%	36.8%
Operating margin	9.4%	6.3%	7.1%	10.4%	8.9%	8.8%
Net margin	5.9%	5.7%	5.6%	8.0%	7.1%	6.7%

Returns & leverage

Annual · %

ROE 20.6% ROA 10.8% Debt ratio 45.5%

Show table：Returns & leverage

Item	2020	2021	2022	2023	2024	2025
ROE	54.1%	26.8%	17.9%	21.9%	19.4%	20.6%
ROA	9.7%	10.7%	10.3%	12.3%	10.5%	10.8%
Debt ratio	78.0%	36.4%	39.8%	41.1%	44.9%	45.5%

EPS

Annual · US$

EPS US$1.56

Show table：EPS

Item	2020	2021	2022	2023	2024	2025
EPS（US$）	1.13	1.09	1.20	1.63	1.49	1.56

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read Karat Packaging Inc. (KRT) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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