CRCT
Cricut, Inc.5.20
+0.04+0.78%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
2026 platform growth despite H1 comps
Q&A provided needed color on 2026, with management eyeing full-year platform growth despite H1 product comps from prior pull-forwards and lower machine pricing, while optimistic for back-half stride. They defended accessories and materials as essential for bundle experience and turnaround potential via value lines, countering analyst skepticism. Retailers endorse bundles without merchandising changes; DTF starts with existing users to monetize platform sans machines. AI aids acquisition but hints at margin pressure. Answers largely reaffirmed prepared remarks. Bundles win retail nods. Investors watch H1 navigation.
Key Stats
Market Cap
1.10BP/E (TTM)
14.05Basic EPS (TTM)
0.37Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
Cricut posted FY2025 revenue of $708.8M, down 1% y/y from $712.5M, with Platform up 5% to $327.4M on 4% Paid Subscriber growth to 3.09M while Products fell 5% to $381.4M as accessories and materials units and pricing softened. Q4 drove 29% of annual revenue amid holiday strength, yet gross margins leaped to 55% from 50% on slashed inventory impairments and procurement costs—Products margins doubled to 26%. Active Users held steady at 5.9M; Platform ARPU climbed to $55.77 (derived). Steady $256M cash funds $50M buybacks and $0.85/share Q2 dividend. Supply chain strains from Asian manufacturing linger as a quarterly risk.
8-K
Profit up 22% despite flat revenue
Cricut reported full-year 2025 revenue of $708.8 million, down less than 1% from 2024, yet net income surged 22% to $76.7 million with gross margins expanding to 55.1%. Paid subscribers rose over 4% to 3.09 million, platform revenue climbed 5% to $327.4 million, while products dipped 5%. Cash from operations hit $200.2 million. Strong profitability persists.
10-Q
Q3 FY2025 results
Cricut posted Q3 revenue of $170.4M, up 2% y/y, with platform up 7% to $82.8M on paid subscriber growth to 3.0M while products dipped 3% y/y to $87.7M. Gross profit jumped 22% y/y to $94.1M as products gross margin soared to 23% from 11%, thanks to lower inventory impairment charges and procurement costs (per MD&A). Operating income rose to $22.7M from $10.6M; diluted EPS held at $0.10 on 215M shares, consistent. Cash fell to $187.9M after $202M dividends, offset by $118M operating cash flow; $300M revolver fully available, covenants met. Platform drives momentum. Seasonal sales concentrate in Q4.
8-K
Q3 revenue up 2%, profits soar
Cricut reported Q3 2025 revenue of $170.4 million, up 2% from last year, with platform sales surging 7% to $82.8 million while products dipped 3%. Gross margin leaped to 55.2% from 46.1%, driving operating income up 114% to $22.7 million. Paid subscribers hit over 3 million, up 6%. Board approved recurring semi-annual $0.10/share dividend payable January 20, 2026.
10-Q
Q2 FY2025 results
Cricut posted Q2 revenue of $172.1M, up 2% y/y, with platform up 4% to $80.7M on paid subscriber growth to 3.0M while products edged 1% higher to $91.4M. Gross profit jumped 13% to $101.5M as products gross margin soared to 32% from 23%, fueled by lower inventory costs and fewer impairments; operating income rose 14% y/y to $30.1M. Cash swelled to $298.1M with $97.3M operating cash flow (FCF $86.7M derived) versus $91.6M y/y, bolstered by $300M revolver availability. Diluted EPS held at $0.11 on 214.5M shares. Share repurchases and a $204.8M dividend payable underscore capital returns. Competition from hobby rivals remains a drag.
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