Company: CRCT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001828962-25-000146
Chunk: 60

Company: Cricut, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 60
---
$11,364 $1,285 $138 $53,632 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 and six months ended June 30, 2025 related to performance obligations satisfied or partially satisfied was $1.8 million and $6.4 million, respectively. The following table presents the total revenue by geography based on the ship-to address for the periods indicated: Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)North America*$135,825 $134,415 $263,394 $269,250 International36,287 33,532 71,352 66,089 Total revenue$172,112 $167,947 $334,746 $335,339 *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 June 30,Six Months Ended June 30,2025202420252024(in thousands)Platform$80,697 $77,649 $160,683 $155,935 Connected machines39,430 43,970 77,892 80,918 Accessories and materials51,985 46,328 96,171 98,486 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, 2024