Karat Packaging Inc. balance sheet

At the end of fiscal 2025, Karat Packaging Inc. had total assets of $288m, total liabilities of $131m and shareholders' equity of $149m. It held $37.9m in cash against $35.9m of debt: net cash of $2.0m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Karat Packaging Inc.: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	0	6	16	23	32	38	38
Receivables	24	33	30	28	27	36	49
Inventory	49	58	71	72	71	82	89
Total current assets	80	103	124	155	161	161	199
Goodwill	3	4	4	4	4	4	4
Total assets	181	208	252	276	295	288	317
Accounts payable	20	18	19	—	—	—	—
Deferred revenue (current)	1	1	1	1	1	1	1
Total current liabilities	43	31	39	44	46	70	89
Short-term debt	11	1	1	1	1	13	12
Long-term debt	0	0	0	0	—	—	—
Total debt	65	37	43	50	49	36	35
Total liabilities	141	76	100	114	132	131	143
Shareholders' equity	32	123	142	154	156	149	166
Non-controlling interests and other (assets − liabilities − equity)	7	9	10	9	7	7	8
Net debt (negative = net cash)	64	30	27	27	17	−2	−4
Shares outstanding	15m	20m	20m	20m	20m	20m	20m

US$ millions unless shown otherwise. Fiscal quarters.

Karat Packaging Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	34	27	32	36	38	36	42	49
Inventory	71	71	80	89	84	82	80	89
Total current assets	170	161	172	186	171	161	161	199
Goodwill	4	4	4	4	4	4	4	4
Total assets	307	295	312	321	303	288	283	317
Deferred revenue (current)	—	1	1	1	1	1	1	1
Total current liabilities	54	46	60	69	80	70	70	89
Short-term debt	1	1	1	1	21	13	13	12
Total debt	1	1	1	1	21	13	13	12
Total liabilities	143	132	152	158	141	131	128	143
Shareholders' equity	157	156	153	156	154	149	147	166
Non-controlling interests and other (assets − liabilities − equity)	6	7	7	7	7	7	8	8
Shares outstanding	20m	20m	20m	20m	20m	20m	20m	20m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Karat Packaging Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Karat Packaging Inc.