Cricut, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| (in thousands, except share and per share amounts) | |||||||||||||||||
| Basic earnings per share: | |||||||||||||||||
| Net income | $ | 62,830 | $ | 53,636 | $ | 60,666 | |||||||||||
| Shares used in computation: | |||||||||||||||||
| Weighted-average common shares outstanding, basic | 215,105,815 | 216,892,525 | 214,458,284 | ||||||||||||||
| Earnings per share, basic | $ | 0.29 | $ | 0.25 | $ | 0.28 | |||||||||||
| Diluted earnings per share: | |||||||||||||||||
| Net income | $ | 62,830 | $ | 53,636 | $ | 60,666 | |||||||||||
| Shares used in computation: | |||||||||||||||||
| Weighted-average common shares outstanding, basic | 215,105,815 | 216,892,525 | 214,458,284 | ||||||||||||||
| Weighted-average effect of potentially dilutive securities: | |||||||||||||||||
| Unvested common stock subject to forfeiture | 285,686 | 1,840,180 | 5,621,136 | ||||||||||||||
| Employee stock options | — | 48,889 | 23,100 | ||||||||||||||
| Restricted stock units | 254,005 | 940,469 | 486,269 | ||||||||||||||
| Diluted weighted-average common shares outstanding | 215,645,506 | 219,722,063 | 220,588,789 | ||||||||||||||
| Diluted earnings per share | $ | 0.29 | $ | 0.24 | $ | 0.28 | |||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| Employee stock options | 2,947,503 | 2,999,085 | 3,142,911 | ||||||||||||||
| Restricted stock units | 5,909,923 | 4,435,957 | 5,742,284 | ||||||||||||||
| Unvested Class B common stock subject to forfeiture | 113,578 | 415,402 | 831,952 | ||||||||||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 5, 2025 | Showing above |
| 2023 | Mar 6, 2024 | |
| 2022 | Mar 13, 2023 | |
| 2021 | Mar 9, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.