Flagship explainer

How Karat Packaging Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$468M · 100%Cost of revenue$296M · 63%Gross profit$172M · 37%Operating income$41.4M · 9%Income before tax$43M · 9%Income tax$10.4M · 2%Net income$31.5M · 7%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$468M100%
Cost of revenue$296M63%
$172M37%
$41.4M9%
Income before tax$43M9%
Income tax$10.4M2%
$31.5M7%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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