Company: CRCT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001828962-25-000146
Chunk: 39

Company: Cricut, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands, except share and per share amounts)Basic earnings per share:Net income$24,488 $19,769 $48,402 $39,416 Shares used in computation:Weighted-average common shares outstanding, basic211,865,363 216,422,513 212,514,662 215,986,713 Earnings per share, basic$0.12 $0.09 $0.23 $0.18 Diluted earnings per share:Net income$24,488 $19,769 $48,402 $39,416 Shares used in computation:Weighted-average common shares outstanding, basic211,865,363 216,422,513 212,514,662 215,986,713 Weighted-average effect of potentially dilutive securities:Unvested common stock subject to forfeiture— 279,481 18,683 535,850 Restricted stock units2,664,363 799,652 2,116,586 868,328 Diluted weighted-average common shares outstanding214,529,726 217,501,646 214,649,931 217,390,891 Diluted earnings per share$0.11 $0.09 $0.23 $0.18 The following potentially dilutive shares were excluded from the computation of diluted earnings per share for the periods presented because including them would have had an anti-dilutive effect:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Employee stock options2,928,389 3,135,773 2,928,389 3,135,773 Restricted stock units3,126,575 5,924,084 3,278,096 10,484,929 Unvested Class B common stock subject to forfeiture16,408 227,864 16,408 245,442 

15.Segment Information 

The Company organizes its business into the following two reportable segments: Platform and Products. The chief operating decision makers (“CODM”) review revenue and gross profit for each of the reportable segments. The CODM consists of the Company’s Chief Executive Officer and Chief Financial Officer. Gross profit is defined as revenue less cost of revenue incurred by the segment. The Company considered