Cricut, Inc. income statement
In fiscal 2025, Cricut, Inc. reported revenue of $709m, down 0.5% on the year before, operating income of $96.0m (a 13.5% margin) and net income of $76.7m, or $0.35 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 487 | 959 | 1,306 | 886 | 765 | 713 | 709 | 690 |
| Cost of revenue | 344 | 627 | 849 | 536 | 422 | 360 | 318 | 290 |
| Gross profit | 142 | 332 | 457 | 350 | 343 | 353 | 390 | 400 |
| Research and development | 27 | 39 | 80 | 77 | 65 | 60 | 67 | 68 |
| Selling and marketing | 40 | 63 | 134 | 130 | 123 | 143 | 159 | 161 |
| General and administrative | 22 | 30 | 51 | 63 | 85 | 73 | 68 | 64 |
| Operating income | 54 | 201 | 192 | 80 | 70 | 76 | 96 | 107 |
| Interest expense | — | — | 0 | 0 | 0 | 0 | 1 | 1 |
| Income before tax | 50 | 199 | 192 | 82 | 80 | 89 | 108 | 117 |
| Income tax | 11 | 45 | 52 | 21 | 26 | 26 | 31 | 29 |
| Net income | 39 | 155 | 140 | 61 | 54 | 63 | 77 | 88 |
| Diluted EPS | $0.19 | $0.74 | $0.64 | $0.28 | $0.24 | $0.29 | $0.35 | $0.41 |
| Diluted shares (average) | 208m | 208m | 220m | 221m | 220m | 216m | 217m | 216m |
| EBITDA | 63 | 215 | 212 | 107 | 100 | 105 | 120 | 131 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 168 | 209 | 163 | 172 | 170 | 204 | 159 | 156 |
| Cost of revenue | 91 | 115 | 64 | 71 | 76 | 107 | 67 | 40 |
| Gross profit | 77 | 94 | 98 | 102 | 94 | 96 | 93 | 116 |
| Research and development | 15 | 16 | 16 | 17 | 17 | 17 | 17 | 17 |
| Selling and marketing | 35 | 42 | 37 | 36 | 37 | 49 | 36 | 38 |
| General and administrative | 16 | 22 | 17 | 19 | 17 | 16 | 17 | 14 |
| Operating income | 11 | 14 | 29 | 30 | 23 | 14 | 23 | 47 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 14 | 17 | 33 | 34 | 26 | 16 | 25 | 50 |
| Income tax | 3 | 5 | 9 | 9 | 5 | 8 | 5 | 11 |
| Net income | 11 | 12 | 24 | 24 | 21 | 8 | 20 | 39 |
| Diluted EPS | $0.05 | $0.05 | $0.11 | $0.11 | $0.10 | $0.03 | $0.10 | $0.19 |
| EBITDA | 18 | 21 | 35 | 36 | 29 | 20 | 28 | 54 |
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