Company: CRCT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001828962-25-000075
Chunk: 67

Company: Cricut, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 to be recognized$47,896 $4,819 $1,021 $37 $53,773 The Company’s revenue from contracts with customers disaggregated by major product lines, excluding sales-based taxes, are included in Note 15, Segment Information.Revenue recognized during the three months ended March 31, 2025 related to performance obligations satisfied or partially satisfied was $4.6 million. The following table presents the total revenue by geography based on the ship-to address for the periods indicated: Three Months Ended March 31,20252024(in thousands)North America*$127,569 $134,835 International35,065 32,557 Total revenue$162,634 $167,392 *North America revenue consists of revenues from the United States and Canada. 

10

The following table presents the total revenue by source for the periods indicated: Three Months Ended March 31,20252024(in thousands)Platform$79,986 $78,286 Connected machines38,461 36,948 Accessories and materials44,187 52,158 Total revenue$162,634 $167,392 

4.Cash, Cash Equivalents, and Financial Instruments

The following table shows the Company’s cash, cash equivalents, and marketable securities by significant investment category as of March 31, 2025 and December 31, 2024: As of March 31, 2025Adjusted Cost Total Unrealized GainsFair ValueCash and Cash EquivalentsMarketable Securities(in thousands)Cash$126,787 $— $126,787 $126,787 $— Level 1:Money market funds125,354 — 125,354 125,354 — Level 2:U.S. treasury securities104,013 514 104,527 — 104,527 Total$356,154 $514 $356,668 $252,141 $104,527 As of December 31, 2024Adjusted Cost Total Unrealized GainsFair ValueCash and Cash EquivalentsMarketable Securities(in thousands)Cash$161,248 $— $161,248 $161,248 $— Level 1:Money market funds70,892 — 70,892 70,892 — Level 2:U.S. treasury securities104,413 361 104,774