Company: CRCT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001828962-25-000075
Chunk: 32

Company: Cricut, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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)TotalStockholders’EquitySharesAmountBalance as of December 31, 2024213,295,922 $213 $466,554 $— $(6)$466,761 Net income— — — 23,914 — 23,914 Issuance of common stock upon vesting or exercise of stock-based awards, net of withholding tax606,114 1 (2,659)— — (2,658)Repurchase of common stock(2,126,464)(2)(11,998)— — (12,000)Dividends and dividend equivalents issued— — 806 2,083 — 2,889 Stock-based compensation— — 11,051 — — 11,051 Other comprehensive income— — — — 217 217 Balance as of March 31, 2025211,775,572 $212 $463,754 $25,997 $211 $490,174 

Common StockAdditionalPaid-InCapitalRetained EarningsAccumulated OtherComprehensive Income (Loss)TotalStockholders’EquitySharesAmountBalance as of December 31, 2023217,915,713 $218 $505,864 $28,514 $277 $534,873 Net income— — — 19,647 — 19,647 Issuance of common stock upon vesting or exercise of stock-based awards, net of withholding tax548,344 1 (2,324)— — (2,323)Forfeiture of unvested common stock and dividend equivalents(64,001)— 73 — — 73 Repurchase of common stock(1,697,272)(2)(10,793)— — (10,795)Stock-based compensation— — 11,473 — — 11,473 Other comprehensive loss— — — — (376)(376)Balance as of March 31, 2024216,702,784 $217 $504,293 $48,161 $(99)$552,572 

See accompanying notes to these unaudited condensed consolidated financial statements.

6

 Cricut, Inc.

Condensed Consolidated Statements of Cash Flows

(unaudited)

(in thousands)

Three Months Ended March 31,