Cricut, Inc. Financials
Cricut, Inc. (CRCT) reported $708.8M in revenue for fiscal year 2025, down 0.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
A smaller sales base is being turned into better cash generation and richer margins through a leaner working-capital model.
From FY2023 to FY2025, inventory was cut sharply from$278M to$114M , which released cash that had previously been tied up in product on hand. That helps explain why operating cash flow stayed above net income even with lower revenue than FY2023: the business improved profitability, but part of the cash strength also came from unwinding past balance-sheet heaviness.
Margin expansion on a shrinking revenue base is the clearest operating shift: gross margin reached
Shareholder distributions are now a major use of cash: FY2025 dividends were
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cricut, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cricut, Inc. has an operating margin of 13.6%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 74/100, reflecting efficient cost management and pricing power. This is up from 10.7% the prior year.
Cricut, Inc.'s revenue declined 0.5% year-over-year, from $712.5M to $708.8M. This contraction results in a growth score of 20/100.
Cricut, Inc. has a moderate D/E ratio of 0.69. This balance of debt and equity financing earns a leverage score of 53/100.
Cricut, Inc.'s current ratio of 2.26 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Cricut, Inc., and counted as zero in the overall score.
Cricut, Inc. earns a strong 22.3% return on equity (ROE), meaning it generates $22 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 82/100. This is up from 13.5% the prior year.
Cricut, Inc. scores 5.46, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.2B) relative to total liabilities ($237.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cricut, Inc. passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Cricut, Inc. generates $2.61 in operating cash flow ($200.2M OCF vs $76.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Cricut, Inc. earns $169.37 in operating income for every $1 of interest expense ($96.0M vs $567K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Cricut, Inc. generated $708.8M in revenue in fiscal year 2025. This represents a decrease of 0.5% from the prior year.
Cricut, Inc.'s EBITDA was $120.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.6% from the prior year.
Cricut, Inc. reported $76.7M in net income in fiscal year 2025. This represents an increase of 22.1% from the prior year.
Cricut, Inc. earned $0.35 per diluted share (EPS) in fiscal year 2025. This represents an increase of 20.7% from the prior year.
Cash & Balance Sheet
Cricut, Inc. held $256.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Cricut, Inc.'s gross margin was 55.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.6 percentage points from the prior year.
Cricut, Inc.'s operating margin was 13.6% in fiscal year 2025, reflecting core business profitability. This is up 2.9 percentage points from the prior year.
Cricut, Inc.'s net profit margin was 10.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.
Cricut, Inc.'s ROE was 22.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.9 percentage points from the prior year.
Capital Allocation
Cricut, Inc. invested $66.5M in research and development in fiscal year 2025. This represents an increase of 10.1% from the prior year.
Cricut, Inc. spent $24.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 35.7% from the prior year.
Not reported for fiscal year 2025.
CRCT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $689.8M | $708.8M-0.5% | $712.5M-6.9% | $765.1M-13.7% | $886.3M-32.1% | $1.3B+36.2% | $959.0M+97.1% | $486.6M |
| Cost of Revenue | $290.1M | $318.3M-11.5% | $359.8M-14.7% | $421.9M-21.4% | $536.4M-36.8% | $848.8M+35.4% | $626.7M+82.1% | $344.2M |
| Gross Profit | $399.6M | $390.4M+10.7% | $352.8M+2.8% | $343.3M-1.9% | $349.9M-23.5% | $457.4M+37.6% | $332.4M+133.5% | $142.3M |
| R&D Expenses | $67.6M | $66.5M+10.1% | $60.4M-7.1% | $65.0M-15.4% | $76.9M-3.6% | $79.8M+105.0% | $38.9M+45.9% | $26.7M |
| SG&A Expenses | $64.0M | $68.5M-6.2% | $73.0M-14.2% | $85.1M+35.8% | $62.6M+22.2% | $51.3M+73.2% | $29.6M+34.5% | $22.0M |
| Operating Income | $106.9M | $96.0M+26.2% | $76.1M+8.8% | $70.0M-12.5% | $80.0M-58.4% | $192.4M-4.0% | $200.5M+274.4% | $53.6M |
| Interest Expense | $567K | $567K+73.9% | $326K+0.9% | $323K+11.8% | $289K-3.0% | $298K | N/A | N/A |
| Income Tax | $29.2M | $31.2M+19.7% | $26.0M-0.4% | $26.1M+22.7% | $21.3M-58.9% | $51.9M+16.3% | $44.6M+303.5% | $11.1M |
| Net Income | $87.7M | $76.7M+22.1% | $62.8M+17.1% | $53.6M-11.6% | $60.7M-56.8% | $140.5M-9.1% | $154.6M+294.2% | $39.2M |
| EPS (Diluted) | — | $0.35+20.7% | $0.29+20.8% | $0.24-14.3% | $0.28-56.3% | $0.64-13.5% | $0.74+289.5% | $0.19 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CRCT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $580.8M-16.2% | $693.0M-7.6% | $750.1M-21.0% | $949.6M-5.6% | $1.0B+73.1% | $581.4M | N/A |
| Current Assets | $499.6M-13.9% | $580.2M-6.4% | $620.0M-23.6% | $811.3M-12.6% | $928.1M+72.3% | $538.8M | N/A |
| Cash & Equivalents | $256.2M+10.4% | $232.1M+63.3% | $142.2M-36.8% | $224.9M-6.9% | $241.6M+97.7% | $122.2M+1737.0% | $6.7M |
| Inventory | $113.5M-15.4% | $134.3M-51.6% | $277.5M-27.3% | $381.5M-16.0% | $454.2M+82.6% | $248.7M | N/A |
| Accounts Receivable | $92.0M-9.8% | $102.0M-8.3% | $111.2M-18.5% | $136.5M-31.6% | $199.5M+22.4% | $162.9M | N/A |
| Total Liabilities | $237.2M+4.8% | $226.3M+5.1% | $215.2M-22.3% | $276.9M-16.7% | $332.3M-5.7% | $352.5M | N/A |
| Current Liabilities | $221.1M+8.7% | $203.4M+3.5% | $196.5M-22.7% | $254.1M-17.6% | $308.4M-11.0% | $346.5M | N/A |
| Total Equity | $343.6M-26.4% | $466.8M-12.7% | $534.9M-20.5% | $672.7M-0.2% | $674.0M+194.4% | $228.9M+89.0% | $121.1M |
| Retained Earnings | $4.0M | $0-100.0% | $28.5M | $0+100.0% | -$43.6M+76.3% | -$184.0M | N/A |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
CRCT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $180.1M | $200.2M-24.4% | $265.0M-8.0% | $288.1M+144.8% | $117.7M+212.1% | -$104.9M-142.3% | $248.2M+6329.1% | $3.9M |
| Investing Cash Flow | $26.5M | $60.7M+431.0% | -$18.3M+62.4% | -$48.8M+54.8% | -$107.9M-201.4% | -$35.8M-63.8% | -$21.8M-55.0% | -$14.1M |
| Financing Cash Flow | -$237.7M | -$237.4M-51.8% | -$156.4M+51.4% | -$322.2M-1127.5% | -$26.2M-110.1% | $260.2M+334.6% | -$110.9M-1117.9% | $10.9M |
| Dividends Paid | $226.1M | $202.1M+83.8% | $110.0M-62.6% | $294.1M | $0 | $0-100.0% | $51.2M | $0 |
| Share Buybacks | $27.8M | $24.7M-35.7% | $38.5M+89.3% | $20.3M+9.4% | $18.6M | $0 | $0 | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CRCT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 55.1%+5.6pp | 49.5%+4.6pp | 44.9%+5.4pp | 39.5%+4.5pp | 35.0%+0.4pp | 34.7%+5.4pp | 29.3% |
| Operating Margin | 13.6%+2.9pp | 10.7%+1.5pp | 9.2%+0.1pp | 9.0%-5.7pp | 14.7%-6.2pp | 20.9%+9.9pp | 11.0% |
| Net Margin | 10.8%+2.0pp | 8.8%+1.8pp | 7.0%+0.2pp | 6.8%-3.9pp | 10.8%-5.4pp | 16.1%+8.1pp | 8.1% |
| Return on Equity | 22.3%+8.9pp | 13.5%+3.4pp | 10.0%+1.0pp | 9.0%-11.8pp | 20.8%-46.7pp | 67.5%+35.2pp | 32.4% |
| Return on Assets | 13.2%+4.1pp | 9.1%+1.9pp | 7.1%+0.8pp | 6.4%-7.6pp | 14.0%-12.6pp | 26.6% | N/A |
| Current Ratio | 2.26-0.6x | 2.85-0.3x | 3.160.0x | 3.19+0.2x | 3.01+1.5x | 1.55 | N/A |
| Debt-to-Equity | 0.69+0.2x | 0.48+0.1x | 0.400.0x | 0.41-0.1x | 0.49-1.0x | 1.54 | N/A |
Not reported in any period shown, so not listed: FCF Margin.
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Where Cricut, Inc. Ranks
Frequently Asked Questions
What is Cricut, Inc.'s annual revenue?
Cricut, Inc. (CRCT) reported $708.8M in total revenue for fiscal year 2025. This represents a -0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cricut, Inc.'s revenue growing?
Cricut, Inc. (CRCT) revenue declined by 0.5% year-over-year, from $712.5M to $708.8M in fiscal year 2025.
Is Cricut, Inc. profitable?
Yes, Cricut, Inc. (CRCT) reported a net income of $76.7M in fiscal year 2025, with a net profit margin of 10.8%.
What is Cricut, Inc.'s EBITDA?
Cricut, Inc. (CRCT) had EBITDA of $120.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cricut, Inc.'s gross margin?
Cricut, Inc. (CRCT) had a gross margin of 55.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cricut, Inc.'s operating margin?
Cricut, Inc. (CRCT) had an operating margin of 13.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cricut, Inc.'s net profit margin?
Cricut, Inc. (CRCT) had a net profit margin of 10.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Cricut, Inc.'s return on equity (ROE)?
Cricut, Inc. (CRCT) has a return on equity of 22.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cricut, Inc.'s operating cash flow?
Cricut, Inc. (CRCT) generated $200.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cricut, Inc.'s total assets?
Cricut, Inc. (CRCT) had $580.8M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Cricut, Inc. spend on research and development?
Cricut, Inc. (CRCT) invested $66.5M in research and development during fiscal year 2025.
What is Cricut, Inc.'s current ratio?
Cricut, Inc. (CRCT) had a current ratio of 2.26 as of fiscal year 2025, which is generally considered healthy.
What is Cricut, Inc.'s debt-to-equity ratio?
Cricut, Inc. (CRCT) had a debt-to-equity ratio of 0.69 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cricut, Inc.'s return on assets (ROA)?
Cricut, Inc. (CRCT) had a return on assets of 13.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cricut, Inc.'s Altman Z-Score?
Cricut, Inc. (CRCT) has an Altman Z-Score of 5.46, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cricut, Inc.'s Piotroski F-Score?
Cricut, Inc. (CRCT) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cricut, Inc.'s earnings high quality?
Cricut, Inc. (CRCT) has an earnings quality ratio of 2.61x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cricut, Inc. cover its interest payments?
Cricut, Inc. (CRCT) has an interest coverage ratio of 169.37x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cricut, Inc.?
Cricut, Inc. (CRCT) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.