Cricut, Inc.CRCTEarnings & Financial Report
Cricut, Inc. is an American brand of cutting plotters, or computer-controlled cutting machines, designed for home crafters. The machines are used for cutting paper, felt, vinyl, fabric and other materials such as leather, matboard, and wood.
CRCT Q3 2025 Key Financial Metrics
Revenue
$170.4M
Gross Profit
$94.1M
Operating Profit
$22.7M
Net Profit
$20.5M
Gross Margin
55.2%
Operating Margin
13.3%
Net Margin
12.0%
YoY Growth
1.5%
EPS
$0.10
Financial Flow
Cricut, Inc. Q3 2025 Financial Summary
Cricut, Inc. reported revenue of $170.4M for Q3 2025, with a net profit of $20.5M (12.0% margin). Cost of goods sold was $76.3M, operating expenses totaled $71.4M.
Key Financial Metrics
| Total Revenue | $170.4M |
|---|---|
| Net Profit | $20.5M |
| Gross Margin | 55.2% |
| Operating Margin | 13.3% |
| Report Period | Q3 2025 |
Cricut, Inc. Annual Revenue by Year
Cricut, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $712.5M).
| Year | Annual Revenue |
|---|---|
| 2024 | $712.5M |
| 2023 | $765.1M |
| 2022 | $886.3M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $231.2M | $167.4M | $167.9M | $167.9M | $209.3M | $162.6M | $172.1M | $170.4M |
| YoY Growth | -17.6% | -7.6% | -5.5% | -4.0% | -9.5% | -2.8% | 2.5% | 1.5% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $750.1M | $723.7M | $742.1M | $663.8M | $693.0M | $681.7M | $721.5M | $564.3M |
| Liabilities | $215.2M | $171.1M | $293.6M | $187.9M | $226.3M | $191.5M | $412.6M | $205.9M |
| Equity | $534.9M | $552.6M | $448.5M | $475.8M | $466.8M | $490.2M | $308.9M | $358.4M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $92.1M | $56.7M | $35.0M | $70.2M | $103.1M | $61.2M | $36.2M | $20.5M |
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