Cricut (CRCT) financial statements
Cricut reported revenue of $709M in fiscal 2025, up 6.5% a year over 6 years.
Net income was $77M and the operating margin 13.5%, against 11.0% in 2019.
Free cash flow was $176M, and the company returned $202M in dividends and $25M in net buybacks.
The diluted share count rose 4% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Cricut's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $487M | $959M | $1.3B | $886M | $765M | $713M | $709M |
| Cost of revenue | $344M | $627M | $849M | $536M | $422M | $360M | $318M |
| Gross profit | $142M | $332M | $457M | $350M | $343M | $353M | $390M |
| Research and development | $27M | $39M | $80M | $77M | $65M | $60M | $67M |
| Selling, general and admin | $62M | $93M | $185M | $193M | $208M | $216M | $228M |
| Operating income | $54M | $201M | $192M | $80M | $70M | $76M | $96M |
| Interest expense | — | — | $298,000 | $289,000 | $323,000 | $326,000 | $567,000 |
| Pre-tax income | $50M | $199M | $192M | $82M | $80M | $89M | $108M |
| Income tax | $11M | $45M | $52M | $21M | $26M | $26M | $31M |
| Net income | $39M | $155M | $140M | $61M | $54M | $63M | $77M |
| EPS (diluted) | $0.19 | $0.74 | $0.64 | $0.28 | $0.24 | $0.29 | $0.35 |
| Diluted shares | 208M | 208M | 220M | 221M | 220M | 216M | 217M |
| Gross margin | 29.3% | 34.7% | 35.0% | 39.5% | 44.9% | 49.5% | 55.1% |
| Operating margin | 11.0% | 20.9% | 14.7% | 9.0% | 9.1% | 10.7% | 13.5% |
| Net margin | 8.1% | 16.1% | 10.8% | 6.8% | 7.0% | 8.8% | 10.8% |
Balance sheet
Fiscal years, from Cricut's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $7M | $122M | $242M | $299M | $245M | $337M | $276M |
| Receivables | — | $163M | $200M | $136M | $111M | $102M | $92M |
| Inventory | — | $249M | $454M | $381M | $278M | $134M | $114M |
| Total current assets | — | $539M | $928M | $811M | $620M | $580M | $500M |
| Property, plant and equipment | — | $33M | $53M | $63M | $48M | $38M | $40M |
| Total assets | — | $581M | $1.0B | $950M | $750M | $693M | $581M |
| Total current liabilities | — | $346M | $308M | $254M | $196M | $203M | $221M |
| Total liabilities | — | $352M | $332M | $277M | $215M | $226M | $237M |
| Shareholders' equity | $121M | $229M | $674M | $673M | $535M | $467M | $344M |
| Net debt | -$7M | -$122M | -$242M | -$225M | -$142M | -$232M | -$256M |
Cash flow
Fiscal years, from Cricut's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $4M | $248M | -$105M | $118M | $288M | $265M | $200M |
| Capital spending | — | $22M | $36M | $34M | $24M | $18M | $24M |
| Free cash flow | — | $226M | -$141M | $84M | $264M | $247M | $176M |
| Stock-based compensation | $2M | $9M | $38M | $41M | $47M | $45M | $35M |
| Dividends paid | $0 | $51M | $0 | $0 | $294M | $110M | $202M |
| Share buybacks (net) | — | $0 | $0 | -$19M | -$20M | -$38M | -$25M |
| Free cash flow margin | — | 23.6% | -10.8% | 9.5% | 34.6% | 34.6% | 24.8% |
| Dividends per share | — | $0.25 | — | — | $1.34 | $0.51 | $0.93 |
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Open CRCT in InvestinglyQuestions
What was Cricut's revenue in 2025?
$709M in fiscal 2025, from its 10-K filing.
How much free cash flow does Cricut generate?
$176M in fiscal 2025 (operating cash flow minus capital spending).
From Cricut's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.