Company: CRCT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001828962-25-000153
Chunk: 22

Company: Cricut, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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,293 $48,161 $(99)$552,572 Net income— — — 19,769 — 19,769 Issuance of common stock upon vesting or exercise of stock-based awards, net of withholding tax880,919 1 (4,426)— — (4,425)Forfeiture of unvested common stock and dividend equivalents(24,629)— 48 — — 48 Repurchase of common stock(1,473,061)(2)(9,306)— — (9,308)Dividends declared— — (53,727)(67,930)— (121,657)Stock-based compensation— — 11,304 — — 11,304 Other comprehensive income— — — — 241 241 Balance as of June 30, 2024216,086,013 $216 $448,186 $— $142 $448,544 Net income— — — 11,488 — 11,488 Issuance of common stock upon vesting or exercise of stock-based awards, net of withholding tax124,753 — (379)— — (379)Forfeiture of unvested common stock and dividend equivalents(2,819)— 9 — — 9 Repurchase of common stock(1,785,470)(2)(10,378)— — (10,380)Dividend equivalents issued13,685 13,685 Stock-based compensation— — 12,594 — — 12,594 Other comprehensive income— — — — 275 275 Balance as of September 30, 2024214,422,477 $214 $463,717 $11,488 $417 $475,836 

See accompanying notes to these unaudited condensed consolidated financial statements.

7

 Cricut, Inc.

Condensed Consolidated Statements of Cash Flows

(unaudited)

(in thousands)

Nine Months Ended September 30,20252024Cash flows from operating activities:Net income$68,914 $50,904 Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:Depreciation and amortization (including amortization of debt issuance costs)18,136 22,308 Bad