XML 17 R6.htm IDEA: XBRL DOCUMENT v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity Attributable to Karat Packaging Inc.
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings
Noncontrolling Interest
Balance at the beginning of period (in shares) at Dec. 31, 2024     20,059,505        
Balance at the beginning of period at Dec. 31, 2024 $ 162,199 $ 155,569 $ 20 $ (248) $ 89,457 $ 66,340 $ 6,630
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2024       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared (9,017) (9,017)       (9,017)  
Stock-based compensation 346 346     346    
Global Wells membership interest tax withholding (132)           (132)
Net income 6,815 6,409       6,409 406
Balance at the end of period (in shares) at Mar. 31, 2025     20,059,505        
Balance at the end of period at Mar. 31, 2025 160,211 153,307 $ 20 $ (248) 89,803 63,732 6,904
Treasury stock, balance at the end of period (in shares) at Mar. 31, 2025       (23,000)      
Balance at the beginning of period (in shares) at Dec. 31, 2024     20,059,505        
Balance at the beginning of period at Dec. 31, 2024 $ 162,199 155,569 $ 20 $ (248) 89,457 66,340 6,630
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2024       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Repurchases of common stock, including excise tax (in shares) 0            
Net income $ 25,470            
Balance at the end of period (in shares) at Sep. 30, 2025     20,120,505        
Balance at the end of period at Sep. 30, 2025 161,586 154,481 $ 20 $ (248) 90,800 63,909 7,105
Treasury stock, balance at the end of period (in shares) at Sep. 30, 2025       (23,000)      
Balance at the beginning of period (in shares) at Mar. 31, 2025     20,059,505        
Balance at the beginning of period at Mar. 31, 2025 160,211 153,307 $ 20 $ (248) 89,803 63,732 6,904
Treasury stock, balance at the beginning of period (in shares) at Mar. 31, 2025       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared (9,031) (9,031)       (9,031)  
Issuance of common stock upon vesting of restricted stock units (in shares)     35,800        
Stock-based compensation 445 445     445    
Exercise of stock options (in shares)     10,350        
Exercise of stock options 195 195     195    
Global Wells membership interest tax withholding (166) (3)       (3) (163)
Net income 11,052 10,934       10,934 118
Balance at the end of period (in shares) at Jun. 30, 2025     20,105,655        
Balance at the end of period at Jun. 30, 2025 162,706 155,847 $ 20 $ (248) 90,443 65,632 6,859
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2025       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared $ (9,043) (9,043)       (9,043)  
Issuance of common stock upon vesting of restricted stock units (in shares)     9,000        
Repurchases of common stock, including excise tax (in shares) 0            
Stock-based compensation $ 253 253     253    
Exercise of stock options (in shares)     5,850        
Exercise of stock options 104 104     104    
Global Wells membership interest tax withholding (37) (5)       (5) (32)
Net income 7,603 7,325       7,325 278
Balance at the end of period (in shares) at Sep. 30, 2025     20,120,505        
Balance at the end of period at Sep. 30, 2025 $ 161,586 154,481 $ 20 $ (248) 90,800 63,909 7,105
Treasury stock, balance at the end of period (in shares) at Sep. 30, 2025       (23,000)      
Balance at the beginning of period (in shares) at Dec. 31, 2025 19,962,131   20,122,505        
Balance at the beginning of period at Dec. 31, 2025 $ 156,870 149,417 $ 20 $ (3,246) 90,939 61,704 7,453
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2025 (160,374)     (160,374)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared $ (8,983) (8,983)       (8,983)  
Stock-based compensation 242 242     242    
Exercise of stock options (in shares)     1,600 63,757      
Exercise of stock options 30 30     30    
Global Wells membership interest tax withholding (127)           (127)
Net income 7,141 6,741       6,741 400
Balance at the end of period (in shares) at Mar. 31, 2026     20,124,105        
Balance at the end of period at Mar. 31, 2026 $ 155,173 147,447 $ 20 $ (3,246) 91,211 59,462 7,726
Treasury stock, balance at the end of period (in shares) at Mar. 31, 2026       (160,374)      
Balance at the beginning of period (in shares) at Dec. 31, 2025 19,962,131   20,122,505        
Balance at the beginning of period at Dec. 31, 2025 $ 156,870 149,417 $ 20 $ (3,246) 90,939 61,704 7,453
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2025 (160,374)     (160,374)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Repurchases of common stock, including excise tax (in shares) (74,000)            
Exercise of stock options (in shares) 65,357            
Net income $ 41,516            
Balance at the end of period (in shares) at Sep. 30, 2026 19,995,478   20,156,605        
Balance at the end of period at Sep. 30, 2026 $ 171,393 163,244 $ 20 $ (5,238) 93,654 74,808 8,149
Treasury stock, balance at the end of period (in shares) at Sep. 30, 2026 (161,127)     (161,127)      
Balance at the beginning of period (in shares) at Mar. 31, 2026     20,124,105        
Balance at the beginning of period at Mar. 31, 2026 $ 155,173 147,447 $ 20 $ (3,246) 91,211 59,462 7,726
Treasury stock, balance at the beginning of period (in shares) at Mar. 31, 2026       (160,374)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared (8,970) (8,970)       (8,970)  
Issuance of common stock upon vesting of restricted stock units (in shares)     32,500        
Repurchases of common stock, including excise tax (in shares)       (73,510)      
Repurchases of common stock, including excise tax (2,003) (2,003)   $ (2,003)      
Stock-based compensation 596 596     596    
Global Wells membership interest tax withholding (170) 70       70 (240)
Net income 29,649 29,331       29,331 318
Balance at the end of period (in shares) at Jun. 30, 2026     20,156,605        
Balance at the end of period at Jun. 30, 2026 174,275 166,471 $ 20 $ (5,249) 91,807 79,893 7,804
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2026       (233,884)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared $ (9,395) (9,395)       (9,395)  
Issuance of common stock upon vesting of restricted stock units (in shares)       9,000      
Repurchases of common stock, including excise tax (in shares) 0            
Repurchases of common stock, including excise tax $ 11 11   $ 11      
Stock-based compensation 655 655     655    
Exercise of stock options 1,192 1,192     1,192    
Global Wells membership interest tax withholding (71) (85)       (85) 14
Net income $ 4,726 4,395       4,395 331
Balance at the end of period (in shares) at Sep. 30, 2026 19,995,478   20,156,605        
Balance at the end of period at Sep. 30, 2026 $ 171,393 $ 163,244 $ 20 $ (5,238) $ 93,654 $ 74,808 $ 8,149
Treasury stock, balance at the end of period (in shares) at Sep. 30, 2026 (161,127)     (161,127)