Karat Packaging (KRT) Q3 FY2026 earnings: revenue $135 million, up 8.2% on the year
Karat Packaging Inc. (KRT) reported revenue of $135 million for Q3 FY2026, the quarter ended 30 September 2026, up 8.2% on the same quarter a year earlier. Net income was $4 million, down 40.0% on the year, and diluted earnings per share $0.22. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.
Revenue
$135 million
+8.2% on the year · -1.1% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
3.6%
6.9% a year earlier
Q4 FY2024Q3 FY2026
Net income
$4 million
-40.0% on the year · -85.0% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.22
-38.9% on the year · -84.9% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 2 new.
Net sales rose 8.2 percent: Net sales were $134.7 million, up from $124.5 million. Management attributed the increase mainly to $10.7 million of volume growth and product mix, plus a $0.4 million pricing comparison, less $0.8 million lower shipping revenue.
Adjusted EBITDA fell to $8.9 million: Adjusted EBITDA was $8.9 million, a 6.6 percent margin, against $13.1 million and 10.5 percent. Adjusted diluted EPS was $0.24, against $0.37 a year earlier.
Online sales grew nearly 38 percent: Online net sales were $26.9 million, up from $19.5 million. Nine-month online sales reached $72.2 million, against $58.2 million.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
9.7
33.2
1.0
-70.8%
+885.7%
Capital expenditure
0.1
0.1
0.2
+1.8%
-76.8%
Free cash flow
9.6
33.1
0.7
-70.9%
+1,207.5%
Free cash flow margin
7.1%
24.3%
0.6%
Cash from investing
5.2
-11.4
4.3
+21.8%
Cash from financing
-19.9
-12.1
-11.8
Depreciation and amortisation
2.5
2.7
2.8
-7.0%
-8.4%
Share-based compensation
0.7
0.6
0.3
+9.9%
+158.9%
Buybacks
-0.0
n/a
0.0
Dividends paid
9.4
9.0
9.0
+4.7%
+3.9%
Dividend per share
$0.47
$0.45
$0.45
+4.4%
+4.4%
Diluted shares, weighted
20m
20m
20m
+0.5%
-0.0%
Shares outstanding at period end
20m
20m
20m
+0.4%
-0.5%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
163
166
154
-1.9%
+5.7%
Non-controlling interest
8.1
7.8
7.1
+4.4%
+14.7%
Debt
23.1
34.6
44.2
-33.3%
-47.8%
Operating lease liabilities
24.5
25.8
35.3
-5.1%
-30.4%
Other liabilities
87.4
82.0
61.8
+6.5%
+41.5%
Total liabilities and equity
306
317
303
-3.3%
+1.2%
Fixed assets
75.3
77.4
84.2
-2.7%
-10.5%
Goodwill
3.5
3.5
3.5
0.0%
0.0%
Intangible assets
0.3
0.3
0.3
-2.7%
-9.6%
Investments
10.0
15.7
19.9
-36.5%
-49.9%
Cash and equivalents
33.4
38.4
24.0
-12.9%
+39.2%
Receivables
44.9
49.2
37.9
-8.7%
+18.6%
Inventory
96.8
89.1
84.1
+8.7%
+15.0%
Other assets
42.2
43.2
48.9
-2.2%
-13.7%
Total assets
306
317
303
-3.3%
+1.2%
Questions
What was Karat Packaging's revenue in Q3 FY2026?
Karat Packaging (KRT) reported revenue of $135 million for Q3 FY2026, the quarter ended 30 September 2026, up 8.2% on the same quarter a year earlier.
How much did Karat Packaging earn in Q3 FY2026?
Net income for Q3 FY2026 was $4 million, down 40.0% on the year, and diluted earnings per share $0.22.
When did Karat Packaging report Q3 FY2026 results?
Karat Packaging filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.