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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Net sales $ 134,742 $ 124,516 $ 387,991 $ 352,126
Cost of goods sold 89,611 81,598 224,174 219,339
Gross profit 45,131 42,918 163,817 132,787
Operating expenses        
Selling expenses 18,001 13,798 48,481 41,925
General and administrative expenses (including $670 and $724 associated with variable interest entity for the three months ended September 30, 2026 and 2025, respectively; $1,986 and $2,186 associated with variable interest entity for the nine months ended September 30, 2026 and 2025, respectively) 22,310 20,950 64,390 58,622
(Gain) loss, net, on disposal of property and equipment (52) (403) 8 (703)
Total operating expenses 40,259 34,345 112,879 99,844
Operating income 4,872 8,573 50,938 32,943
Other income (expenses)        
Rental income (including $364 and $370 associated with variable interest entity for the three months ended September 30, 2026 and 2025, respectively; $1,083 and $1,177 associated with variable interest entity for the nine months ended September 30, 2026 and 2025, respectively) 718 710 2,132 2,241
Other income, net (including $0 associated with variable interest entity for both the three months ended September 30, 2026 and 2025; $76 and $0 associated with variable interest entity for the nine months ended September 30, 2026 and 2025, respectively) 7 67 151 29
Gain (loss) on foreign currency transactions 156 681 327 (1,947)
Interest income (including $3 and $120 associated with variable interest entity for the three months ended September 30, 2026 and 2025, respectively; $8 and $431 associated with variable interest entity for the nine months ended September 30, 2026 and 2025, respectively) 518 415 1,965 1,657
Interest expense (including ($374) and ($505) associated with variable interest entity for the three months ended September 30, 2026 and 2025, respectively; ($1,135) and ($1,514) associated with variable interest entity for the nine months ended September 30, 2026 and 2025, respectively) (420) (539) (1,254) (1,569)
Total other income, net 979 1,334 3,321 411
Income before provision for income taxes 5,851 9,907 54,259 33,354
Provision for income taxes 1,125 2,304 12,743 7,884
Net income 4,726 7,603 41,516 25,470
Net income attributable to noncontrolling interest 331 278 1,049 802
Net income attributable to Karat Packaging Inc. $ 4,395 $ 7,325 $ 40,467 $ 24,668
Basic and diluted earnings per share:        
Basic (in dollars per share) $ 0.22 $ 0.36 $ 2.03 $ 1.23
Diluted (in dollars per share) $ 0.22 $ 0.36 $ 2.01 $ 1.22
Weighted average common shares outstanding, basic (in shares) 19,958,578 20,091,476 19,956,814 20,062,277
Weighted average common shares outstanding, diluted (in shares) 20,198,857 20,201,285 20,126,446 20,197,218