← Cricut, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue: | $486.6m | $959.0m | $1.3b | $886.3m | $765.1m | $712.5m | $708.8m | $689.8m | |
| Cost of Revenue | $344.2m |
$626.7m
+82.06%
|
$848.8m
+35.45%
|
$536.4m
-36.80%
|
$421.9m
-21.36%
|
$359.8m
-14.72%
|
$318.3m
-11.51%
|
$290.1m
-8.86%
|
|
| Gross profit | $142.3m |
$332.4m
+133.49%
|
$457.4m
+37.63%
|
$349.9m
-23.51%
|
$343.3m
-1.89%
|
$352.8m
+2.77%
|
$390.4m
+10.67%
|
$399.6m
+2.36%
|
|
| Research and development | $26.7m | $38.9m | $79.8m | $76.9m | $65.0m | $60.4m | $66.5m | $67.6m | |
| Sales and marketing | $40.1m | $63.3m | $134.0m | $130.4m | $123.2m | $143.3m | $159.4m | — | |
| General and administrative | $22.0m | $29.6m | $51.3m | $62.6m | $85.1m | $73.0m | $68.5m | $64.0m | |
| Total operating expenses | $88.8m | $131.9m | $265.0m | $269.9m | $273.3m | $276.7m | $294.4m | $292.8m | |
| Income from operations | $53.6m |
$200.5m
+274.36%
|
$192.4m
-4.04%
|
$80.0m
-58.45%
|
$70.0m
-12.47%
|
$76.1m
+8.75%
|
$96.0m
+26.18%
|
$106.9m
+11.31%
|
|
| Interest expense | — | — | ($298k) | ($289k) | ($323k) | ($326k) | ($567k) | $567k | |
| Interest income | — | — | $181k | $1.8m | $8.0m | $11.0m | $11.4m | $9.7m | |
| Other income | — | — | $85k | $508k | $2.1m | $2.1m | $1.0m | — | |
| Total other income, net | — | — | ($32k) | $2.0m | $9.8m | $12.8m | $11.9m | — | |
| Income before provision for income taxes | $50.3m | $199.2m | $192.4m | $82.0m | $79.8m | $88.9m | $107.9m | — | |
| Provision for income taxes | $11.1m | $44.6m | $51.9m | $21.3m | $26.1m | $26.0m | $31.2m | — | |
| 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%
|
|
| Earnings per share, basic (in dollars per share) | $0.19 | $0.74 | $0.67 | $0.28 | $0.25 | $0.29 | $0.36 | $0.41 | |
| Earnings per share, diluted (in dollars per share) | $0.19 | $0.74 | $0.64 | $0.28 | $0.24 | $0.29 | $0.35 | $0.40 | |
| Weighted-average common shares outstanding, basic (in shares) | 208.1m | 208.1m | 208.8m | 214.5m | 216.9m | 215.1m | 215.2m | — | |
| Weighted-average common shares outstanding, diluted (in shares) | 208.1m | 208.1m | 219.8m | 220.6m | 219.7m | 215.6m | 217.3m | — | |
| Change in net unrealized gains (losses) on marketable securities, net of tax | — | $0 | $0 | ($300k) | $711k | ($136k) | ($251k) | — | |
| Change in foreign currency translation adjustment, net of tax | ($28k) | $37k | ($64k) | ($120k) | $41k | ($147k) | $423k | — | |
| Comprehensive income | $39.2m | $154.6m | $140.4m | $60.2m | $54.4m | $62.5m | $76.9m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.