Company: CRCT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001828962-25-000146
Chunk: 19

Company: Cricut, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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— Accumulated other comprehensive income (loss)560 (6)Total stockholders’ equity308,937 466,761 Total liabilities and stockholders’ equity$721,511 $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 June 30,Six Months Ended June 30,2025202420252024Revenue:Platform$80,697 $77,649 $160,683 $155,935 Products91,415 90,298 174,063 179,404 Total revenue172,112 167,947 334,746 335,339 Cost of revenue:Platform8,816 8,888 17,484 17,647 Products61,757 69,219 117,375 136,258 Total cost of revenue70,573 78,107 134,859 153,905 Gross profit101,539 89,840 199,887 181,434 Operating expenses:Research and development16,762 14,315 32,419 29,168 Sales and marketing35,877 33,354 72,562 66,384 General and administrative18,795 15,739 35,460 34,245 Total operating expenses71,434 63,408 140,441 129,797 Income from operations30,105 26,432 59,446 51,637 Other income (expense):Interest income3,578 3,053 6,935 5,471 Interest expense(81)(80)(160)(161)Other income241 387 243 1,135 Total other income, net3,738 3,360 7,018 6,445 Income before provision for income taxes33,843 29,792 66,464 58,082 Provision for income taxes9,355 10,023 18,062 18,666 Net income$24,488 $19,769 $48,402 $39,416 Other comprehensive income (loss):Change in net unrealized gains (losses) on marketable securities, net of tax$70 $242 $185