Cricut, Inc. CRCT
At Cricut, our mission is to help people lead creative lives. Our creativity platform enables our engaged and loyal community of nearly 5.9 million Active Users, as of December 31, 2025, to turn ideas into DIY goods from custom greeting cards and apparel to on-demand gifts and large-scale decor. We designed and built our ecosystem of connected cutting machines, accessories, and materials for scalability and seamless integration, allowing us to both introduce new products as well as continuously update the functionality and features of existing physical and digital products. This makes Cricut broadly extensible and empowers our users to unlock ever-expanding creative potential.
The Cricut platform centers around our cloud-based app, Cricut Design Space, giving users access to create and work on their projects anywhere, at any time, across desktop and mobile devices. This software aggregates billions of data points of our users' interactions, giving us valuable insights into their preferences and behaviors that enable us to continuously optimize our products and drive further engagement. As a result, our business model is characterized by strong user engagement and diversified sales across product categories.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $708.8M | $712.5M | $765.1M | $886.3M | $1.31B | $959.0M | $486.6M | — |
| Cost of revenue | $318.3M | $359.8M | $421.9M | $536.4M | $848.8M | $626.7M | $344.2M | — |
| Gross profit | $390.4M | $352.8M | $343.3M | $349.9M | $457.4M | $332.4M | $142.3M | — |
| R&D | $66.5M | $60.4M | $65.0M | $76.9M | $79.8M | $38.9M | $26.7M | — |
| SG&A | $68.5M | $73.0M | $85.1M | $62.6M | $51.3M | $29.6M | $22.0M | — |
| Total operating expenses | $294.4M | $276.7M | $273.3M | $269.9M | $265.0M | $131.9M | $88.8M | — |
| Operating income | $96.0M | $76.1M | $70.0M | $80.0M | $192.4M | $200.5M | $53.6M | — |
| Interest expense | $567.0K | $326.0K | $323.0K | $289.0K | $298.0K | — | — | — |
| Pre-tax income | $107.9M | $88.9M | $79.8M | $82.0M | $192.4M | $199.2M | $50.3M | — |
| Income tax | $31.2M | $26.0M | $26.1M | $21.3M | $51.9M | $44.6M | $11.1M | — |
| Net income | $76.7M | $62.8M | $53.6M | $60.7M | $140.5M | $154.6M | $39.2M | — |
| EPS, basic | 0.36 | 0.29 | 0.25 | 0.28 | 0.67 | 0.74 | 0.19 | — |
| EPS, diluted | 0.35 | 0.29 | 0.24 | 0.28 | 0.64 | 0.74 | 0.19 | — |
| Shares, diluted (wtd. avg.) | $217.3M | $215.6M | $219.7M | $220.6M | $219.8M | $208.1M | $208.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $256.2M | $232.1M | $142.2M | $224.9M | $241.6M | $122.2M | $6.7M | $6.0M |
| Short-term investments | $19.4M | $104.8M | $103.0M | $74.3M | $0 | — | — | — |
| Receivables | $92.0M | $102.0M | $111.2M | $136.5M | $199.5M | $199.5M | — | — |
| Inventory | $113.5M | $134.3M | $277.5M | $381.5M | $454.2M | $248.7M | — | — |
| Total current assets | $499.6M | $580.2M | $620.0M | $811.3M | $928.1M | $538.8M | — | — |
| Property, plant and equipment | $40.3M | $37.5M | $47.6M | $63.4M | $53.3M | $33.4M | — | — |
| Other intangibles | — | — | $0 | $760.0K | $1.5M | $2.3M | — | — |
| Total assets | $580.8M | $693.0M | $750.1M | $949.6M | $1.01B | $581.4M | — | — |
| Accounts payable | $71.6M | $53.4M | $76.9M | $63.2M | $204.7M | $251.7M | — | — |
| Total current liabilities | $221.1M | $203.4M | $196.5M | $254.1M | $308.4M | $346.5M | — | — |
| Total liabilities | $237.2M | $226.3M | $215.2M | $276.9M | $332.3M | $352.5M | — | — |
| Retained earnings | $4.0M | $0 | $28.5M | $0 | -$43.6M | -$184.0M | — | — |
| Total equity | $343.6M | $466.8M | $534.9M | $672.7M | $674.0M | $228.9M | $121.1M | $79.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $200.2M | $265.0M | $288.1M | $117.7M | -$104.9M | $248.2M | $3.9M | — |
| Depreciation and amortisation | $24.4M | $29.0M | $30.0M | $27.0M | $19.4M | $14.1M | $9.2M | — |
| Stock-based compensation | $34.8M | $45.1M | $47.3M | $41.1M | $38.1M | $9.5M | $1.8M | — |
| Investing cash flow | $60.7M | -$18.3M | -$48.8M | -$107.9M | -$35.8M | -$21.8M | -$14.1M | — |
| Financing cash flow | -$237.4M | -$156.4M | -$322.2M | -$26.2M | $260.2M | -$110.9M | $10.9M | — |
| Dividends paid | $202.1M | $110.0M | $294.1M | $0 | $0 | $51.2M | $0 | — |
| Buybacks | $24.7M | $38.5M | $20.3M | $18.6M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001828962-26-000030.
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