Company: CRCT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001828962-25-000146
Chunk: 28

Company: Cricut, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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486 Total revenue$172,112 $167,947 $334,746 $335,339 

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 June 30, 2025 and December 31, 2024: As of June 30, 2025Adjusted Cost Total Unrealized GainsFair ValueCash and Cash EquivalentsMarketable Securities(in thousands)Cash$222,258 $— $222,258 $222,258 $— Level 1:Money market funds75,799 — 75,799 75,799 — Level 2:U.S. treasury securities78,278 606 78,884 — 78,884 Total$376,335 $606 $376,941 $298,057 $78,884 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 — 104,774 Total$336,553 $361 $336,914 $232,140 $104,774 Marketable securities held as of June 30, 2025 generally mature over the next 24 months. As of June 30, 2025 and December 31, 2024 all securities were in an unrealized gain position. The Company determined that an allowance for credit losses was unnecessary for the periods presented.

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5.Inventories

Inventories are comprised of the following:As ofJune 30,2025As ofDecember 31,2024(in thousands)Raw materials$30,917 $38,652 Finished goods147,941 144,630 Total inventories178,858 183,282 Less: reserves(37,934)(49,015)Total inventories, net$140,924 $134,267 Inventories current$124,796 $115,255 Inventories non-current (included in Other assets)$16