CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents (including $8,611 and $1,703 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	$ 32,473	$ 31,584
Short-term investments (including $3,537 and $11,128 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	23,800	28,343
Accounts receivable, net of allowance for bad debt of $672 and $758 at March 31, 2025 and December 31, 2024, respectively	32,401	26,736
Inventories	79,906	70,722
Prepaid expenses and other current assets (including $172 and $27 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	3,399	3,612
Total current assets	171,979	160,997
Property and equipment, net (including $42,668 and $42,972 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	86,155	87,982
Deposits	172	36
Goodwill	3,510	3,510
Intangible assets, net	293	300
Operating right-of-use assets	48,831	40,628
Deferred tax asset	196	0
Other non-current assets (including $9 and $34 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	1,080	1,069
Total assets	312,216	294,522
Current liabilities
Accrued expenses (including $186 and $489 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	14,868	13,555
Income taxes payable (including $6 and $3 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	2,189	65
Deferred revenue	1,137	742
Long-term debt, current portion (including $1,190 and $1,179 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	1,190	1,179
Operating lease liabilities, current portion	10,996	8,977
Other current liabilities (including $37 and $916 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	128	968
Total current liabilities	60,083	46,447
Deferred tax liability	622	426
Long-term debt, net of current portion and debt discount of $125 and $141 at March 31, 2025 and December 31, 2024, respectively (including $46,988 and $47,279 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively, and debt discount of $125 and $141 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	46,988	47,279
Operating lease liabilities, net of current portion	41,535	35,435
Other non-current liabilities (including $1,249 and $1,198 associated with variable interest entity at March 31, 2025 and December 31, 2024 respectively)	2,777	2,736
Total liabilities	152,005	132,323
Commitments and Contingencies (Note 14)
Karat Packaging Inc. stockholders’ equity
Preferred stock, 0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding, as of both March 31, 2025 and December 31, 2024	0	0
Common stock, 0.001 par value, 100,000,000 shares authorized, 20,059,505 and 20,036,505 shares issued and outstanding, respectively, as of both March 31, 2025 and December 31, 2024	20	20
Additional paid in capital	89,803	89,457
Treasury stock, 0.001 par value, 23,000 shares as of both March 31, 2025 and December 31, 2024	(248)	(248)
Retained earnings	63,732	66,340
Total Karat Packaging Inc. stockholders’ equity	153,307	155,569
Noncontrolling interest	6,904	6,630
Total stockholders’ equity	160,211	162,199
Total liabilities and stockholders’ equity	312,216	294,522
Nonrelated Party
Current liabilities
Accounts payable (including $19 and $16 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	24,518	17,831
Related Party
Current liabilities
Accounts payable (including $19 and $16 associated with variable interest entity at March 31, 2025 and December 31, 2024, respectively)	$ 5,057	$ 3,130