Cricut Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	714.49	712.54	765.15	886.3	1,306	959.03
Revenue Growth (YoY)	-2.72%	-6.88%	-13.67%	-32.15%	36.20%	97.11%
Cost of Revenue	326.52	359.75	421.85	536.4	848.78	626.66
Gross Profit	387.97	352.79	343.29	349.89	457.45	332.37
Selling, General & Admin	225.74	215.29	197.81	190.1	185.23	92.93
Research & Development	64.88	60	64.35	76.91	79.81	38.93
Operating Expenses	290.61	275.29	262.16	267.02	265.05	131.86
Operating Income	97.36	77.5	81.14	82.88	192.41	200.51
Interest Expense	-0.42	-0.33	-0.32	-0.29	-0.3	-
Interest & Investment Income	12.1	11.02	7.98	1.81	0.18	-
Other Non Operating Income (Expenses)	1.07	2.08	2.15	0.51	0.09	-1.32
EBT Excluding Unusual Items	110.11	90.26	90.94	84.9	192.37	199.19
Merger & Restructuring Charges	-0.9	-0.9	-1.2	-	-	-
Asset Writedown	-0.49	-0.49	-9.95	-2.92	-	-
Pretax Income	108.73	88.88	79.78	81.98	192.37	199.19
Income Tax Expense	27.89	26.05	26.15	21.32	51.9	44.62
Net Income	80.84	62.83	53.64	60.67	140.47	154.58
Net Income to Common	80.84	62.83	53.64	60.67	140.47	154.58
Net Income Growth	29.98%	17.14%	-11.59%	-56.81%	-9.13%	294.22%
Shares Outstanding (Basic)	213	215	217	214	209	208
Shares Outstanding (Diluted)	215	216	220	221	220	208
Shares Change (YoY)	-0.71%	-1.85%	-0.39%	0.37%	5.60%	-
EPS (Basic)	0.38	0.29	0.25	0.28	0.67	0.74
EPS (Diluted)	0.37	0.29	0.24	0.28	0.64	0.74
EPS Growth	27.98%	20.83%	-14.29%	-56.25%	-13.51%	292.76%
Free Cash Flow	199.81	246.63	264.38	83.91	-140.74	226.39
Free Cash Flow Per Share	0.93	1.14	1.20	0.38	-0.64	1.09
Dividend Per Share	0.200	0.200	-	-	-	-
Gross Margin	54.30%	49.51%	44.87%	39.48%	35.02%	34.66%
Operating Margin	13.63%	10.88%	10.60%	9.35%	14.73%	20.91%
Profit Margin	11.31%	8.82%	7.01%	6.84%	10.75%	16.12%
Free Cash Flow Margin	27.96%	34.61%	34.55%	9.47%	-10.77%	23.61%
EBITDA	99.99	84.3	91.08	93.03	211.79	214.63
EBITDA Margin	13.99%	11.83%	11.90%	10.50%	16.21%	22.38%
D&A For EBITDA	2.63	6.81	9.94	10.16	19.39	14.12
EBIT	97.36	77.5	81.14	82.88	192.41	200.51
EBIT Margin	13.63%	10.88%	10.60%	9.35%	14.73%	20.91%
Effective Tax Rate	25.65%	29.31%	32.77%	26.00%	26.98%	22.40%
Revenue as Reported	714.49	712.54	765.15	886.3	1,306	959.03
Advertising Expenses	-	46.8	32.2	34.2	45.1	15.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.