Company: CRCT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001828962-25-000153
Chunk: 72

Company: Cricut, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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,(in thousands)2025 (remainder of the year)$1,054 20264,128 20272,869 20284,023 20291,694 Total lease payments$13,768 Less: imputed interest$(1,254)Present value of operating lease liabilities$12,514 Operating lease liabilities, current$3,607 Operating lease liabilities, non-current$8,907 The weighted average remaining operating lease term and the weighted average discount rate used to determine the operating lease liability were as follows:As of September 30, 2025As of December 31, 2024Weighted-average remaining lease term of operating leases3.6 years4.2 yearsWeighted-average discount rate of operating leases5.4 %5.3 %

13.Employee Benefit Plan

The Company sponsors a 401(k) plan for the benefit of its employees who have attained at least 18 years of age. The Company matches 50% of the first 12% of an employee’s salary contributed to the plan on the first day of the month following their hire date. The Company contributed $0.7 million and $0.6 million for the three months ended September 30, 2025 and 2024, respectively, and $2.2 million and $1.8 million for the nine months ended September 30, 2025 and 2024, respectively. 

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14.Net Income Per Share

The computation of net income per share is as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands, except share and per share amounts)Basic earnings per share:Net income$20,512 $11,488 $68,914 $50,904 Shares used in computation:Weighted-average common shares outstanding, basic212,257,907 214,769,065 212,189,253 214,706,773 Earnings per share, basic$0.10 $0.05 $0.32 $0.24 Diluted earnings per share:Net income$20,512 $11,488 $68,914 $50,904 Shares used in computation:Weighted-average common shares outstanding, basic212,257,907 214,769,065 212,189,253 214,706,773 Weighted-average effect of potentially dilutive securities:Unvested