Cricut Financial Statements
NASDAQ: CRCTTechnologyIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Cricut revenue and earnings
In fiscal 2025, Cricut generated $708.8 million in revenue, down 0.5% from fiscal 2024, its first annual decline since 2024. Net income was $76.7 million (+22.1% year over year), for a net margin of 10.8% versus a median of 8.8% in the prior 5 years. Gross margin was 55.1% (up from 49.5%) and operating margin 13.5%.
Diluted earnings per share came in at $0.35, up from $0.29. Over the last 5 fiscal years, CRCT's revenue has grown at a -5.9% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
Cricut income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 |
|---|---|---|---|---|---|---|---|
| Revenue | 708.78M | 712.54M | 765.15M | 886.30M | 1.31B | 959.03M | 486.55M |
| Revenue growth (YoY) | -0.53% | -6.88% | -13.67% | -32.15% | +36.20% | +97.11% | — |
| Cost of Revenue | 318.35M | 359.75M | 421.85M | 536.40M | 848.78M | 626.66M | 344.20M |
| Gross Profit | 390.43M | 352.79M | 343.29M | 349.89M | 457.45M | 332.37M | 142.35M |
| Operating Expenses | 294.40M | 276.68M | 273.31M | 269.94M | 265.05M | 131.86M | 88.79M |
| Research & Development | 66.52M | 60.40M | 65.05M | 76.91M | 79.81M | 38.93M | 26.67M |
| Selling, General & Admin | 227.88M | 216.28M | 208.26M | 193.03M | 185.23M | 92.93M | 62.12M |
| Operating Income | 96.03M | 76.11M | 69.98M | 79.95M | 192.41M | 200.51M | 53.56M |
| Interest Expense | 567.00K | 326.00K | 323.00K | 289.00K | 298.00K | — | — |
| Other Income (Expense) | 11.86M | 12.77M | 9.80M | 2.03M | -32.00K | -1.32M | -3.29M |
| Pretax Income | 107.89M | 88.88M | 79.78M | 81.98M | 192.37M | 199.19M | 50.27M |
| Income Tax | 31.19M | 26.05M | 26.15M | 21.32M | 51.90M | 44.62M | 11.06M |
| Net Income | 76.70M | 62.83M | 53.64M | 60.67M | 140.47M | 154.58M | 39.21M |
| Net Income growth (YoY) | +22.08% | +17.14% | -11.59% | -56.81% | -9.12% | +294.22% | — |
| 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 Outstanding (Basic) | 215.18M | 215.11M | 216.89M | 214.46M | 208.83M | 208.12M | 208.12M |
| Shares Outstanding (Diluted) | 217.31M | 215.65M | 219.72M | 220.59M | 219.78M | 208.12M | 208.12M |
| EBITDA | 120.47M | 105.12M | 100.02M | 106.91M | 211.79M | 214.63M | 62.74M |
| Gross Margin | 55.08% | 49.51% | 44.87% | 39.48% | 35.02% | 34.66% | 29.26% |
| Operating Margin | 13.55% | 10.68% | 9.15% | 9.02% | 14.73% | 20.91% | 11.01% |
| Net Margin | 10.82% | 8.82% | 7.01% | 6.84% | 10.75% | 16.12% | 8.06% |
This table shows 7 annual periods of Cricut's income statement, from FY 2025 back to FY 2019, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow CRCT's reporting calendar. What is a income statement?