Company: CRCT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001828962-25-000075
Chunk: 31

Company: Cricut, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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— Accumulated other comprehensive income (loss)211 (6)Total stockholders’ equity490,174 466,761 Total liabilities and stockholders’ equity$681,654 $693,035     

See accompanying notes to these unaudited condensed consolidated financial statements.

4

Cricut, Inc.

Condensed Consolidated Statements of Operations and Comprehensive Income

(unaudited)

(in thousands, except share and per share amounts)

Three Months Ended March 31,20252024Revenue:Platform$79,986 $78,286 Products82,648 89,106 Total revenue162,634 167,392 Cost of revenue:Platform8,668 8,759 Products55,618 67,039 Total cost of revenue64,286 75,798 Gross profit98,348 91,594 Operating expenses:Research and development15,657 14,853 Sales and marketing36,685 33,030 General and administrative16,665 18,506 Total operating expenses69,007 66,389 Income from operations29,341 25,205 Other income (expense):Interest income3,357 2,418 Interest expense(79)(81)Other income2 748 Total other income, net3,280 3,085 Income before provision for income taxes32,621 28,290 Provision for income taxes8,707 8,643 Net income$23,914 $19,647 Other comprehensive income (loss):Change in net unrealized gains (losses) on marketable securities, net of tax$115 $(288)Change in foreign currency translation adjustment, net of tax102 (88)Comprehensive income$24,131 $19,271 Earnings per share, basic$0.11 $0.09 Earnings per share, diluted$0.11 $0.09 Weighted-average common shares outstanding, basic212,445,961 215,549,467 Weighted-average common shares outstanding, diluted213,839,020 216,865,052 

See accompanying notes to these unaudited condensed consolidated financial statements.

5

Cricut, Inc.

Condensed Consolidated Statements of Stockholders’ Equity

(unaudited)

(in thousands, except share amounts)

Common StockAdditionalPaid-InCapitalRetained EarningsAccumulated OtherComprehensiveIncome (Loss