Karat Packaging Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $29.3M | $6.7M | $6.8M | $7.3M | $10.9M | $6.4M | $5.6M | $9.1M |
| Depreciation & Amortization | $2.7M | $2.7M | $2.8M | $2.8M | $2.7M | $2.7M | $2.7M | $2.7M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $596.0K | $242.0K | $138.0K | $253.0K | $445.0K | $346.0K | $350.0K | $400.0K |
| Net Cash from Operating Activities | $33.2M | $7.2M | $15.4M | $982.0K | $9.8M | $7.7M | $8.3M | $19.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $56.0K | $565.0K | $236.0K | $246.0K | $167.0K | $107.0K | $216.0K | $303.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-11.4M | $-6.9M | $20.0M | $4.3M | $-2.4M | $3.5M | $-7.7M | $10.3M |
| Financing Activities | ||||||||
| Dividends Paid | $9.0M | $9.0M | $9.0M | $9.0M | $9.0M | $9.0M | $8.0M | $10.0M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-12.1M | $-9.5M | $-21.5M | $-11.8M | $-9.3M | $-10.4M | $-7.9M | $-10.2M |
| Net Change in Cash | $9.7M | $-9.2M | $13.9M | $-6.5M | $-1.9M | $889.0K | $-7.3M | $19.6M |
| Free Cash Flow | $33.1M | $6.6M | $15.1M | $736.0K | $9.6M | $7.6M | $8.0M | $19.2M |