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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net sales $ 136,302 $ 123,986 $ 253,249 $ 227,610
Cost of goods sold 59,142 74,879 134,563 137,741
Gross profit 77,160 49,107 118,686 89,869
Operating expenses        
Selling expenses 17,544 13,716 30,480 28,127
General and administrative expenses (including $675 and $785 associated with variable interest entity for the three months ended June 30, 2026 and 2025, respectively; $1,316 and $1,462 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively) 21,954 19,124 42,080 37,672
Loss (gain), net, on disposal of property and equipment 60 (283) 60 (300)
Total operating expenses 39,558 32,557 72,620 65,499
Operating income 37,602 16,550 46,066 24,370
Other income (expenses)        
Rental income (including $362 and $361 associated with variable interest entity for the three months ended June 30, 2026 and 2025, respectively; $719 and $807 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively) 716 755 1,414 1,531
Other income (expenses), net (including $0 associated with variable interest entity for both the three months ended June 30, 2026 and 2025; $76 and $0 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively) 53 (82) 144 (38)
(Loss) gain on foreign currency transactions (81) (2,867) 171 (2,628)
Interest income (including $2 and $85 associated with variable interest entity for the three months ended June 30, 2026 and 2025, respectively; $5 and $311 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively) 1,161 676 1,447 1,242
Interest expense (including ($381) and ($509) associated with variable interest entity for the three months ended June 30, 2026 and 2025, respectively; ($761) and ($1,009) associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively) (425) (521) (834) (1,030)
Total other income (expenses), net 1,424 (2,039) 2,342 (923)
Income before provision for income taxes 39,026 14,511 48,408 23,447
Provision for income taxes 9,377 3,459 11,618 5,580
Net income 29,649 11,052 36,790 17,867
Net income attributable to noncontrolling interest 318 118 718 524
Net income attributable to Karat Packaging Inc. $ 29,331 $ 10,934 $ 36,072 $ 17,343
Basic and diluted earnings per share:        
Basic (in dollars per share) $ 1.47 $ 0.55 $ 1.81 $ 0.87
Diluted (in dollars per share) $ 1.46 $ 0.54 $ 1.80 $ 0.86
Weighted average common shares outstanding, basic (in shares) 19,948,690 20,058,247 19,955,917 20,047,436
Weighted average common shares outstanding, diluted (in shares) 20,107,051 20,191,111 20,090,225 20,194,942