v3.25.2
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, 2023     19,988,482        
Balance at the beginning of period at Dec. 31, 2023 $ 162,690 $ 154,118 $ 20 $ (248) $ 86,667 $ 67,679 $ 8,572
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2023       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared (5,992) (5,992)       (5,992)  
Issuance of common stock upon vesting of restricted stock units (in shares)     3,750        
Stock-based compensation 375 375     375    
Exercise of stock options (in shares)     2,800        
Exercise of stock options 52 52     52    
Global Wells noncontrolling membership interest redemption (3,209) (316)       (316) (2,893)
Net income 6,476 6,166       6,166 310
Balance at the end of period (in shares) at Mar. 31, 2024     19,995,032        
Balance at the end of period at Mar. 31, 2024 $ 160,392 154,403 $ 20 $ (248) 87,094 67,537 5,989
Treasury stock, balance at the end of period (in shares) at Mar. 31, 2024       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock, dividends declared (in dollars per share) $ 0.30            
Balance at the beginning of period (in shares) at Dec. 31, 2023     19,988,482        
Balance at the beginning of period at Dec. 31, 2023 $ 162,690 154,118 $ 20 $ (248) 86,667 67,679 8,572
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2023       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 15,703            
Balance at the end of period (in shares) at Jun. 30, 2024     20,037,665        
Balance at the end of period at Jun. 30, 2024 163,828 157,712 $ 20 $ (248) 88,307 69,633 6,116
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2024       (23,000)      
Balance at the beginning of period (in shares) at Mar. 31, 2024     19,995,032        
Balance at the beginning of period at Mar. 31, 2024 160,392 154,403 $ 20 $ (248) 87,094 67,537 5,989
Treasury stock, balance at the beginning of period (in shares) at Mar. 31, 2024       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared (7,004) (7,004)       (7,004)  
Issuance of common stock upon vesting of restricted stock units (in shares)     27,800        
Stock-based compensation 940 940     940    
Exercise of stock options (in shares)     14,833        
Exercise of stock options 273 273     273    
Net income 9,227 9,100       9,100 127
Balance at the end of period (in shares) at Jun. 30, 2024     20,037,665        
Balance at the end of period at Jun. 30, 2024 $ 163,828 157,712 $ 20 $ (248) 88,307 69,633 6,116
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2024       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock, dividends declared (in dollars per share) $ 0.35            
Balance at the beginning of period (in shares) at Dec. 31, 2024 20,036,505   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)     (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 noncontrolling-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)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock, dividends declared (in dollars per share) $ 0.45            
Balance at the beginning of period (in shares) at Dec. 31, 2024 20,036,505   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)     (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares) 10,350            
Net income $ 17,867            
Balance at the end of period (in shares) at Jun. 30, 2025 20,082,655   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)     (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 noncontrolling-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 20,082,655   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)     (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common stock, dividends declared (in dollars per share) $ 0.45