Karat Packaging Inc. 1Q 2026: Revenue $116.95M, EPS $0.34— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Karat Packaging Inc. reported a revenue of $116.95M and diluted EPS of $0.34 for Q1 2026, marking a 12.9% increase from the previous year. Net income rose to $6.74M, up 5.2% year-over-year. The growth was attributed to higher volumes, improved product mix, and favorable pricing. The company is diversifying its sourcing, increasing domestic purchases, and focusing on eco-friendly product innovation to meet demand in the takeout and delivery markets.
Karat Packaging Inc. reported first-quarter 2026 results with revenue rising to $116.95M and diluted EPS of $0.34, driven by higher volumes, favorable mix and pricing versus the year-ago quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $116.95M | $103.62M | 12.9% |
| Net income² | $6.74M | $6.41M | 5.2% |
| Diluted EPS³ | $0.34 | $0.32 | 6.3% |
¹ Reported as “Net sales”. ² Reported as “Net income attributable to Karat Packaging Inc.”. ³ Reported as “diluted earnings per share”.
Business Highlights
- Revenue growth of 12.9% in the quarter was driven by higher volumes, improved product mix and favorable pricing.
- Company shifted sourcing and increased domestic purchases to 18.3%, diversifying away from Taiwan/China toward Malaysia and Vietnam.
- Expanded and realigned its distribution and manufacturing footprint, with major DCs in Rockwall, Chino and Kapolei and a new distribution center opened in Chino.
- Continued focus on eco-friendly and compostable product innovation and custom solutions to meet rising demand from takeout and delivery markets.
Original SEC Filing: Karat Packaging Inc. [ KRT ] - 10-Q - May. 08, 2026