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 Q1 FY2026 Key Financial Metrics
Revenue
$159.5M
Gross Profit
$92.7M
Operating Profit
$22.9M
Net Profit
$20.3M
Gross Margin
58.1%
Operating Margin
14.4%
Net Margin
12.7%
YoY Growth
-1.9%
EPS
$0.10
Cricut, Inc. Q1 FY2026 Financial Summary
Cricut, Inc. reported revenue of $159.5M (down 1.9% YoY) for Q1 FY2026, with a net profit of $20.3M (12.7% margin). Cost of goods sold was $66.8M, operating expenses totaled $69.8M.
Key Financial Metrics
| Total Revenue | $159.5M |
|---|---|
| Net Profit | $20.3M |
| Gross Margin | 58.1% |
| Operating Margin | 14.4% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Cricut, Inc. Q1 FY2026 revenue of $159.5M breaks down across 2 segments, led by Platform at $84.8M (53.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Platform | $84.8M | 53.2% |
| Products | $74.7M | 46.8% |
Cricut, Inc. Revenue by Segment — Quarterly Trend
Cricut, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Platform and Products) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Platform | $84.8M | $83.9M | $82.8M | $80.7M |
| Products | $74.7M | — | — | — |
Cricut, Inc. Annual Revenue by Year
Cricut, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $708.8M).
Cricut, Inc. Quarterly Revenue & Net Profit History
Cricut, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $159.5M | -1.9% | $20.3M | 12.7% |
| Q4 FY2025 | $203.6M | -2.7% | $7.8M | 3.8% |
| Q3 FY2025 | $170.4M | +1.5% | $20.5M | 12.0% |
| Q2 FY2025 | $172.1M | +2.5% | $24.5M | 14.2% |
| Q1 FY2025 | $162.6M | -2.8% | $23.9M | 14.7% |
| Q4 FY2024 | $209.3M | -9.5% | $11.9M | 5.7% |
| Q3 FY2024 | $167.9M | -4.0% | $11.5M | 6.8% |
| Q2 FY2024 | $167.9M | -5.5% | $19.8M | 11.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $167.9M | $167.9M | $209.3M | $162.6M | $172.1M | $170.4M | $203.6M | $159.5M |
| YoY Growth | -5.5% | -4.0% | -9.5% | -2.8% | 2.5% | 1.5% | -2.7% | -1.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $742.1M | $663.8M | $693.0M | $681.7M | $721.5M | $564.3M | $580.8M | $543.8M |
| Liabilities | $293.6M | $187.9M | $226.3M | $191.5M | $412.6M | $205.9M | $237.2M | $186.3M |
| Equity | $448.5M | $475.8M | $466.8M | $490.2M | $308.9M | $358.4M | $343.6M | $357.5M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $35.0M | $70.2M | $103.1M | $61.2M | $36.2M | $20.5M | $82.4M |