← Cricut, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income | $39.2m |
$154.6m
+294.22%
|
$140.5m
-9.12%
|
$60.7m
-56.81%
|
$53.6m
-11.59%
|
$62.8m
+17.14%
|
$76.7m
+22.08%
|
$87.7m
+14.30%
|
|
| Depreciation and amortization (including amortization of debt issuance costs) | $9.2m | $14.1m | $19.4m | $27.0m | $30.0m | $29.0m | $24.4m | $24.1m | |
| Deferred income tax | ($1.3m) | ($2.5m) | ($135k) | ($20.5m) | ($11.2m) | ($4.4m) | $26.1m | $33.3m | |
| Stock-based compensation | $1.8m | $9.5m | $38.1m | $41.1m | $47.3m | $45.1m | $34.8m | $26.8m | |
| Employee tax withholding payments on stock-based awards | $0 | $0 | ($2.0m) | ($6.4m) | ($8.1m) | ($8.0m) | ($10.6m) | — | |
| Tax withholdings on stock-based awards included in accrued expenses and other current liabilities | $0 | $0 | $860k | $1.3m | $451k | $463k | $652k | — | |
| Stock-based compensation capitalized for software development costs | $85k | $253k | $1.6m | $2.3m | $2.0m | $1.5m | $1.6m | $26.8m | |
| Impairments | — | $0 | $0 | $2.9m | $10.0m | $486k | $642k | — | |
| Accounts receivable | ($4.9m) | ($97.6m) | ($37.7m) | $63.7m | $23.5m | $4.9m | $12.6m | $9.9m | |
| Provision for inventory obsolescence, net | $5.2m | $2.8m | $5.1m | $11.5m | $26.3m | ($5.4m) | ($19.7m) | — | |
| Inventories | ($73.2m) | ($38.0m) | ($208.0m) | $63.1m | $78.4m | $150.0m | $41.2m | $41.8m | |
| Accounts payable | $10.3m | $157.0m | ($46.7m) | ($139.8m) | $13.5m | ($23.1m) | $16.9m | ($18.5m) | |
| Property and equipment included in accounts payable, accrued expenses and other current liabilities | $4.2m | $2.6m | $3.4m | $4.4m | $2.8m | $2.0m | $3.5m | — | |
| Accrued expenses, other current liabilities and other non-current liabilities | $7.5m | $39.7m | $3.6m | ($2.1m) | $7.8m | $7.0m | ($8.8m) | — | |
| Deferred revenue | $4.1m | $11.7m | $9.1m | $3.3m | $4.6m | $5.0m | $5.0m | — | |
| Other | — | $128k | $1.1m | ($504k) | ($2.1m) | ($1.8m) | ($714k) | — | |
| Prepaid expenses and other current assets | $4.5m | ($3.0m) | ($27.9m) | $8.8m | $4.2m | ($7.2m) | ($2.4m) | — | |
| Other assets | ($79k) | ($450k) | ($934k) | ($51k) | $869k | ($1.1m) | ($3.2m) | — | |
| Net cash and cash equivalents provided by operating activities | $3.9m |
$248.2m
+6329.09%
|
($104.9m)
-142.28%
|
$117.7m
+212.13%
|
$288.1m
+144.81%
|
$265.0m
-8.03%
|
$200.2m
-24.43%
|
$180.1m
-10.05%
|
|
| Purchases of property and equipment, including capitalized software development costs | ($14.1m) | ($21.8m) | ($35.8m) | ($33.8m) | ($23.7m) | ($18.3m) | ($24.4m) | ($32.5m) | |
| Purchase of marketable securities | — | $0 | $0 | ($180.1m) | ($63.5m) | ($110.5m) | $0 | — | |
| Proceeds from maturities of marketable securities | — | $0 | $0 | $21.4m | $38.4m | $110.5m | $85.1m | — | |
| Proceeds from sales of marketable securities | — | $0 | $0 | $84.6m | $0 | $0 | — | — | |
| Net cash and cash equivalents provided by (used in) investing activities | ($14.1m) | ($21.8m) | ($35.8m) | ($107.9m) | ($48.8m) | ($18.3m) | $60.7m | — | |
| Payments for debt issuance costs | ($103k) | ($854k) | $0 | ($1.3m) | $0 | $0 | — | — | |
| Repurchases of common stock | — | $0 | $0 | ($18.6m) | ($20.3m) | ($38.5m) | ($24.7m) | — | |
| Cash dividend | $0 | ($51.2m) | $0 | $0 | ($294.1m) | ($110.0m) | ($202.1m) | ($201.8m) | |
| Dividends declared but unpaid | — | $0 | $0 | $81.4m | $2.3m | $24.4m | $24.4m | — | |
| Other financing activities, net | $0 | ($1.3m) | ($48k) | $0 | $0 | $0 | — | — | |
| Net cash and cash equivalents used in financing activities | $10.9m |
($110.9m)
-1117.94%
|
$260.2m
+334.63%
|
($26.2m)
-110.09%
|
($322.2m)
-1127.51%
|
($156.4m)
+51.45%
|
($237.4m)
-51.79%
|
— | |
| Net increase (decrease) in cash and cash equivalents | $637k | $115.6m | $119.4m | ($16.7m) | ($82.8m) | $90.0m | $24.1m | — | |
| Cash and cash equivalents at beginning of period | $6.0m | $6.7m | $122.2m | $224.9m | $142.2m | $232.1m | $256.2m | — | |
| Effect of exchange rate on changes on cash and cash equivalents | ($25k) | $92k | ($127k) | ($221k) | $110k | ($252k) | $634k | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Reversal of (provision for) expected losses | $699k | $128k | $1.1m | ($64k) | $1.7m | $3.3m | ($1.7m) | — | |
| Non-cash lease expense | $0 | $0 | $4.2m | $4.8m | $5.0m | $4.8m | $3.5m | — | |
| Unrealized foreign currency (gain) / loss | — | $0 | $0 | ($1.0m) | $88k | $1.0m | ($1.1m) | — | |
| Operating lease liabilities | $0 | $0 | ($4.7m) | ($5.1m) | ($5.4m) | ($5.4m) | ($4.0m) | — | |
| Proceeds from exercise of stock options | $0 | $0 | $272k | $31k | $383k | $0 | $0 | — | |
| Cash paid during the period for interest | $3.3m | $1.3m | $14k | $0 | $0 | $0 | — | — | |
| Cash paid during the period for income taxes | $6.7m | $42.3m | $81.1m | $28.9m | $24.1m | $43.6m | $15.3m | — | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $0 | $0 | $6.8m | $4.3m | $280k | $6.4m | $371k | — | |
| Leasehold improvements acquired through tenant allowances | $0 | $936k | $0 | $859k | $0 | $0 | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.