Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2025

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 period by the weighted average number of common shares outstanding during the period.

	Three Months Ended March 31,
	2025		2024
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	6,409	$	6,166
Weighted average number of common shares in issue	20,037		19,970
Basic earnings per share	$	0.32	$	0.31

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

	Three Months Ended March 31,
	2025		2024
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	6,409	$	6,166
Weighted average number of common shares in issue	20,037		19,970
Dilutive shares
Stock options and restricted stock units	162		105
Adjusted weighted average number of common shares	20,199		20,075
Diluted earnings per share	$	0.32	$	0.31