Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

Basic earnings per share is calculated by dividing the net income attributable to equity holders of the Company for the year by the weighted average number of common shares outstanding during the period.

	Year Ended December 31,
	2024		2023
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	29,975	$	32,470
Weighted average shares	20,002		19,905
Basic earnings per share	$	1.50	$	1.63

The following table summarizes the calculation of diluted earnings per share:

	Year Ended December 31,
	2024		2023
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	29,975	$	32,470
Weighted average shares	20,002		19,905
Dilutive shares
Stock options and restricted stock units	122		73
Total dilutive shares	20,124		19,978
Diluted earnings per share	$	1.49	$	1.63