Company: CRCT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001828962-25-000153
Chunk: 18

Company: Cricut, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
ITEM 1. FINANCIAL STATEMENTS

Cricut, Inc.

Condensed Consolidated Balance Sheets

(in thousands, except share and per share)

As of September 30, 2025As of December 31, 2024(unaudited)AssetsCurrent assets:Cash and cash equivalents$187,873 $232,140 Marketable securities19,229 104,774 Accounts receivable, net88,540 101,980 Inventories134,899 115,255 Prepaid expenses and other current assets10,557 26,065 Total current assets441,098 580,214 Property and equipment, net38,667 37,546 Operating lease right-of-use asset11,686 13,958 Deferred tax assets53,553 39,186 Other assets19,250 22,131 Total assets$564,254 $693,035 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$68,323 $53,373 Accrued expenses and other current liabilities65,947 76,274 Deferred revenue, current portion49,115 45,427 Operating lease liabilities, current portion3,607 3,899 Dividends payable, current portion46 24,401 Total current liabilities187,038 203,374 Operating lease liabilities, net of current portion8,907 11,310 Deferred revenue, net of current portion2,578 2,826 Other non-current liabilities7,339 8,764 Total liabilities205,862 226,274 Commitments and contingencies (Note 11)Stockholders’ equity:Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding as of September 30, 2025 and December 31, 2024.— — Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of September 30, 2025, 212,194,793 shares issued and outstanding as of September 30, 2025; 1,250,000,000 shares authorized as of December 31, 2024, 213,295,922 shares issued and outstanding as of December 31, 2024.212 213 Additional paid-in capital337,575 466,554 Retained earnings20,512