Company: CRCT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001828962-25-000153
Chunk: 19

Company: Cricut, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
— Accumulated other comprehensive income (loss)93 (6)Total stockholders’ equity358,392 466,761 Total liabilities and stockholders’ equity$564,254 $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 September 30,Nine Months Ended September 30,2025202420252024Revenue:Platform$82,783 $77,674 $243,466 $233,609 Products87,654 90,216 261,717 269,620 Total revenue170,437 167,890 505,183 503,229 Cost of revenue:Platform8,957 10,000 26,441 27,647 Products67,384 80,527 184,759 216,785 Total cost of revenue76,341 90,527 211,200 244,432 Gross profit94,096 77,363 293,983 258,797 Operating expenses:Research and development16,865 15,240 49,284 44,408 Sales and marketing37,467 35,278 110,029 101,662 General and administrative17,113 16,249 52,573 50,494 Total operating expenses71,445 66,767 211,886 196,564 Income from operations22,651 10,596 82,097 62,233 Other income (expense):Interest income2,342 2,718 9,277 8,189 Interest expense(183)(84)(343)(245)Other income821 932 1,064 2,067 Total other income, net2,980 3,566 9,998 10,011 Income before provision for income taxes25,631 14,162 92,095 72,244 Provision for income taxes5,119 2,674 23,181 21,340 Net income$20,512 $11,488 $68,914 $50,904 Other comprehensive income (loss):Change in net unrealized gains (losses) on marketable securities, net of tax$(453)$46 $(268