10x Insights
Loading account…
Companies / Materials / Karat Packaging Inc.
KRT

Karat Packaging Inc.

MaterialsRubber & Plastics
Ticker KRTCHINO, CAFiscal year ends DecemberBook value per share $8.29Diluted shares 20.1M

Karat Packaging Inc. (NASDAQ: KRAT) operates as a rapidly-growing distributor and manufacturer of disposable foodservice products and related items through its website at www.lollicupstore.com. The company offers nearly 8,400 SKUs across food and take-out containers, bags, boxes, tableware, cups, lids, cutlery,… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$467.74M
+10.7% year over year
Last 12 mo $493.38M
8.85%
−0.1 percentage points
Last 12 mo 12.79%
$32.66M
+6.0% year over year
Last 12 mo $51.59M
20.82%
+0.2 percentage points
Last 12 mo 30.16%
Cash & financing
$33.81M
−29.5% year over year
Last 12 mo $56.68M
$29.31M
−33.3% year over year
Last 12 mo $51.17M
0.24
Was 0.31× a year earlier
Last 12 mo 0.21
20.2M
+0.3% year over year
Last 12 mo 20.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Karat Packaging Inc. does

In the company’s own words

Karat Packaging Inc. (NASDAQ: KRAT) operates as a rapidly-growing distributor and manufacturer of disposable foodservice products and related items through its website at www.lollicupstore.com. The company offers nearly 8,400 SKUs across food and take-out containers, bags, boxes, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, gloves, janitorial supplies, and other products available in plastic, paper, biopolymer-based, and compostable forms.

The company operates through three customer segments: chains and distributors, retail establishments, and e-commerce channels. Chains and distributors generated $370.6 million in revenue for the year ended December 31, 2025, representing the largest revenue contributor. The company serves a diverse blue-chip customer base including national fast casual and fast food chains such as Chipotle Mexican Grill, In-N-Out Burger, Panda Express, and Raising Cane's Chicken Fingers. For 2025, no single customer represented more than 10 percent of revenue.

Karat operates ten distribution centers strategically located near major metropolitan areas including Los Angeles, New York, Chicago, Phoenix, Dallas, Houston, Seattle, Atlanta, and Honolulu. Manufacturing and distribution facilities are located in Chino, California; Rockwall, Texas; and Kapolei, Hawaii. The company recently expanded its distribution network by opening warehouses in Chino, California and Mesa, Arizona within the past 24 months, adding over 230,000 square feet of distribution space. The company maintains a fleet of 40 trucks, 46 trailers, 16 bobtails, and 47 chassis, employing 41 drivers in its logistics division.

The company's Karat Earth® product line represents its commitment to environmental sustainability, featuring over 580 SKUs of eco-friendly products largely made from renewable resources and commercially compostable materials. Eco-friendly products accounted for 34.1 percent of total sales for 2025. The company sources from a diversified global network of nearly 150 vendors, with manufacturing representing approximately 9 percent of net sales. The company maintains 12 active trademarks including Lollicup, Karat, Karat Earth®, and Total Clean, along with 5 registered copyrights. As of December 31, 2025, the company employed 636 full-time employees.

Company details
Sector
Materials
Industry
Rubber & Plastics
Headquarters
CHINO, CA
Fiscal year end
December
CIK
1758021
SIC
3089

Financial performance, year by year

Fiscal 2021–2025 · USD
$-49.34M$98.68M$246.69M$394.71M$542.72M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Karat Packaging Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

150
funds hold it
0 of 35
superinvestors hold it
$72.53M
held by funds, at market
11.9%
of shares held by funds

Largest fund holders · Karat Packaging Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.02%of fund net assets
0.16%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Karat Packaging Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Karat Packaging Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Karat Packaging Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.