Company: CRCT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001828962-25-000153
Chunk: 74

Company: Cricut, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 allocate assets at the reportable segment level as these are managed on an entity wide group basis. As of September 30, 2025, long-lived assets located outside the United States, primarily located in Malaysia and China, were $5.1 million. Key financial performance measures of the segments including revenue, cost of revenue and gross profit are as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Platform:Revenue$82,783 $77,674 $243,466 $233,609 Cost of revenue8,957 10,000 26,441 27,647 Gross profit$73,826 $67,674 $217,025 $205,962 Products:Revenue$87,654 $90,216 $261,717 $269,620 Cost of revenue67,384 80,527 184,759 216,785 Gross profit$20,270 $9,689 $76,958 $52,835 Consolidated:Revenue$170,437 $167,890 $505,183 $503,229 Cost of revenue76,341 90,527 211,200 244,432 Gross profit$94,096 $77,363 $293,983 $258,797 

A reconciliation of our total segment and consolidated gross profit to our income before provision for income taxes is presented in our condensed consolidated statements of operations and comprehensive income. 

16.Subsequent Events

On October 31, 2025, the Board of Directors approved a recurring semi-annual dividend of $0.10 per share on its Class A and Class B common stock, payable on January 20, 2026  to shareholders of record as of January 6, 2026.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis of our financial condition and results of operations should be read together with our interim condensed consolidated financial statements and related notes and other financial information appearing elsewhere in this Quarterly Report on Form 10-Q and our audited consolidated financial statements included in our Annual Report. This discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results could differ materially from these forward-looking statements as a result of many factors, including those discussed, or incorporated