Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

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 June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	29,331	$	10,934	$	36,072	$	17,343
Weighted average number of common shares outstanding	19,949		20,058		19,956		20,047
Basic earnings per share	$	1.47	$	0.55	$	1.81	$	0.87

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	29,331	$	10,934	$	36,072	$	17,343
Weighted average number of common shares outstanding	19,949		20,058		19,956		20,047
Dilutive shares
Stock options and restricted stock units	158		133		134		148
Adjusted weighted average number of common shares	20,107		20,191		20,090		20,195
Diluted earnings per share	$	1.46	$	0.54	$	1.80	$	0.86