Cricut, Inc.

Listed Company

CRCTCIK 0001828962NasdaqAcceleratedSpecial Industry Machinery, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$708.78M

Net Income

$76.70M

Total Assets

$580.81M

Equity

$343.56M

Shares Out

209.90M

Op. Cash Flow

$200.23M

CRCT$4.62−12.67% · past yearDBEQ Basic

Daily closing prices

Business

Cricut, Inc. designs and sells a vertically integrated creativity platform combining cloud-based design software and connected cutting machines that enable users to create personalized DIY goods. The company generates revenue from hardware sales at multiple tiers, recurring subscription access to digital content and design features (Cricut Access), and consumable accessories and materials. Cricut distributes globally through direct-to-consumer e-commerce and brick-and-mortar retail partners including Amazon, Target, Walmart, and Michaels.

Summary from 10-K filed 2026-03-04

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	709	713	765	886	1,306
Cost of Revenue	318	360	422	536	849
Gross profit	390	353	343	350	457
Research and development	67	60	65	77	80
Sales and marketing	159	143	123	130	134
General and administrative	68	73	85	63	51
Total operating expenses	294	277	273	270	265
Income from operations	96	76	70	80	192
Interest income	11	11	8	2	181,000
Interest expense	−567,000	−326,000	−323,000	−289,000	−298,000
Other income	1	2	2	508,000	85,000
Total other income, net	12	13	10	2	−32,000
Income before provision for income taxes	108	89	80	82	192
Provision for income taxes	31	26	26	21	52
Net income	77	63	54	61	140
Change in net unrealized gains (losses) on marketable securities, net of tax	−251,000	−136,000	711,000	−300,000	0
Change in foreign currency translation adjustment, net of tax	423,000	−147,000	41,000	−120,000	−64,000
Comprehensive income	77	63	54	60	140
Earnings per share, basic (in dollars per share)	0.36	0.29	0.25	0.28	0.67
Earnings per share, diluted (in dollars per share)	0.35	0.29	0.24	0.28	0.64
Weighted-average common shares outstanding, basic (in shares)	215	215	217	214	209
Weighted-average common shares outstanding, diluted (in shares)	217	216	220	221	220

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	256	232	142	225	242
Marketable securities	19	105	103	74	0
Accounts receivable, net	92	102	111	137	200
Inventories	103	115	244	352	454
Prepaid expenses and other current assets	29	26	19	24	33
Total current assets	500	580	620	811	928
Property and equipment, net	40	38	48	63	53
Operating lease right-of-use assets	11	14	12	17	18
Deferred tax assets	13	39	35	24	3
Other assets	17	22	35	33	2
Total assets	581	693	750	950	1,006
Accounts payable	72	53	77	63	205
Accrued expenses and other current liabilities	71	76	72	70	69
Deferred revenue, current portion	50	45	40	35	31
Operating lease liabilities, current portion	4	4	5	5	4
Dividends payable, current portion	24	24	2	81	0
Total current liabilities	221	203	196	254	308
Operating lease liabilities, net of current portion	8	11	9	14	16
Deferred revenue, net of current portion	3	3	3	4	5
Other non-current liabilities	5	9	7	5	3
Total liabilities	237	226	215	277	332
Commitments and contingencies (Note 12)	—	—	—	—	—
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, and no shares issued and outstanding as of December 31, 2025 and December 31, 2024.	0	0	0	0	0
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of December 31, 2025, 211,336,284 and 213,295,922 shares issued and outstanding as of December 31, 2025 and 2024, respectively.	211,000	213,000	218,000	220,000	222,000
Additional paid-in capital	339	467	506	673	717
Retained earnings	4	0	29	0	−44
Accumulated other comprehensive income (loss)	166,000	−6,000	277,000	−475,000	−55,000
Total stockholders equity	344	467	535	673	674
Total liabilities and stockholders equity	581	693	750	950	1,006

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization (including amortization of debt issuance costs)	24	29	30	27	19
Reversal of (provision for) expected losses	−2	3	2	−64,000	1
Impairments	600,000	500,000	10	3	0
Stock-based compensation	35	45	47	41	38
Deferred income tax	26	−4	−11	−20	−135,000
Non-cash lease expense	3	5	5	5	4
Provision for inventory obsolescence, net	−20	−5	26	11	5
Unrealized foreign currency (gain) / loss	−1	1	88,000	−1	0
Other	−714,000	−2	−2	−440,000	−2,000
Accounts receivable	13	5	24	64	−38
Inventories	41	150	78	63	−208
Prepaid expenses and other current assets	−2	−7	4	9	−28
Other assets	−3	−1	869,000	−51,000	−934,000
Accounts payable	17	−23	14	−140	−47
Accrued expenses, other current liabilities and other non-current liabilities	−9	7	8	−2	4
Operating lease liabilities	−4	−5	−5	−5	−5
Deferred revenue	5	5	5	3	9
Net cash and cash equivalents provided by operating activities	200	265	288	118	−105
Purchase of marketable securities	0	−111	−63	−180	0
Proceeds from maturities of marketable securities	85	111	38	21	0
Purchases of property and equipment, including capitalized software development costs	−24	−18	−24	−34	−36
Net cash and cash equivalents provided by (used in) investing activities	61	−18	−49	−108	−36
Repurchases of common stock	−25	−38	−20	−19	0
Proceeds from exercise of stock options	0	0	383,000	31,000	272,000
Employee tax withholding payments on stock-based awards	−11	−8	−8	−6	−2
Cash dividend	−202	−110	−294	0	0
Net cash and cash equivalents used in financing activities	−237	−156	−322	−26	260
Effect of exchange rate on changes on cash and cash equivalents	634,000	−252,000	110,000	−221,000	−127,000
Net increase (decrease) in cash and cash equivalents	24	90	−83	−17	119
Cash paid during the period for income taxes	15	44	24	29	81
Right-of-use assets obtained in exchange for new operating lease liabilities	371,000	6	280,000	4	7
Property and equipment included in accounts payable, accrued expenses and other current liabilities	3	2	3	4	3
Tax withholdings on stock-based awards included in accrued expenses and other current liabilities	652,000	463,000	451,000	1	860,000
Stock-based compensation capitalized for software development costs	2	2	2	2	2
Dividends declared but unpaid	24	24	2	81	0

Filings

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Frequently asked questions

What is Cricut, Inc.'s CIK number?

Cricut, Inc.'s SEC CIK number is 0001828962 (1828962). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Cricut, Inc.'s SEC filings?

All of Cricut, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Cricut, Inc. last report earnings?

Cricut, Inc. (CRCT) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001828962-26-000037). This is Cricut, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Cricut, Inc.'s most recent earnings 8-K?

Cricut, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001828962-26-000037. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Cricut, Inc.'s latest earnings 8-K →
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