Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	7,325	$	9,094	$	24,668	$	24,360
Weighted average number of common shares in issue	20,091		20,018		20,062		19,994
Basic earnings per share	$	0.36	$	0.45	$	1.23	$	1.22

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	7,325	$	9,094	$	24,668	$	24,360
Weighted average number of common shares in issue	20,091		20,018		20,062		19,994
Dilutive shares
Stock options and restricted stock units	110		116		135		114
Adjusted weighted average number of common shares	20,201		20,134		20,197		20,108
Diluted earnings per share	$	0.36	$	0.45	$	1.22	$	1.21