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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Net sales $ 124,516 $ 112,771 $ 352,126 $ 320,984
Cost of goods sold 81,598 69,274 219,339 196,478
Gross profit 42,918 43,497 132,787 124,506
Operating expenses        
Selling expenses 13,798 13,746 41,925 38,377
General and administrative expenses (including $724 and $643 associated with variable interest entity for the three months ended September 30, 2025 and 2024, respectively; $2,186 and $1,888 associated with variable interest entity for the nine months ended September 30, 2025 and 2024, respectively) 20,950 18,508 58,622 53,170
Impairment expense and (gain) loss, net, on disposal of property and equipment (403) (27) (703) 2,498
Total operating expenses 34,345 32,227 99,844 94,045
Operating income 8,573 11,270 32,943 30,461
Other income (expenses)        
Rental income (including $370 and $263 associated with variable interest entity for the three months ended September 30, 2025 and 2024, respectively; $1,177 and $776 associated with variable interest entity for the nine months ended September 30, 2025 and 2024, respectively) 710 593 2,241 1,484
Other income, net 67 48 29 154
Gain (loss) on foreign currency transactions 681 (287) (1,947) 152
Interest income (including $120 and $123 associated with variable interest entity for the three months ended September 30, 2025 and 2024, respectively; $431 and $469 associated with variable interest entity for the nine months ended September 30, 2025 and 2024, respectively) 415 770 1,657 1,734
Interest expense (including $505 and $517 associated with variable interest entity for the three months ended September 30, 2025 and 2024, respectively; $1,514 and $1,553 associated with variable interest entity for the nine months ended September 30, 2025 and 2024, respectively) (539) (535) (1,569) (1,607)
Total other income, net 1,334 589 411 1,917
Income before provision for income taxes 9,907 11,859 33,354 32,378
Provision for income taxes 2,304 2,597 7,884 7,413
Net income 7,603 9,262 25,470 24,965
Net income attributable to noncontrolling interest 278 168 802 605
Net income attributable to Karat Packaging Inc. $ 7,325 $ 9,094 $ 24,668 $ 24,360
Basic and diluted earnings per share:        
Basic (in dollars per share) $ 0.36 $ 0.45 $ 1.23 $ 1.22
Diluted (in dollars per share) $ 0.36 $ 0.45 $ 1.22 $ 1.21
Weighted average common shares outstanding, basic (in shares) 20,091,476 20,017,774 20,062,277 19,993,964
Weighted average common shares outstanding, diluted (in shares) 20,201,285 20,133,813 20,197,218 20,107,801