Company: CRCT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001828962-25-000146
Chunk: 38

Company: Cricut, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 38
---
million and $2.7 million for the three and six months ended June 30, 2024, respectively. The Company also incurred variable lease costs of $0.0 million and $0.1 million for the three and six months ended June 30, 2025, respectively, and $0.1 million and $0.2 million for the three and six months ended June 30, 2024, respectively.Cash paid for amounts included in the measurement of operating lease liabilities was $1.2 million and $2.5 million for the three and six months ended June 30, 2025, respectively, and $1.5 million and $3.0 million for the three and six months ended June 30, 2024, respectively. These amounts were included in net cash provided by operating activities in the Company's consolidated statements of cash flows.As of June 30, 2025, the maturities of the Company's operating lease liabilities were as follows: OperatingLeasesYear Ended December 31,(in thousands)2025 (remainder of the year)$2,106 20264,128 20272,869 20284,023 20291,693 Total lease payments$14,819 Less: imputed interest$(1,426)Present value of operating lease liabilities$13,393 Operating lease liabilities, current$3,609 Operating lease liabilities, non-current$9,784 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 June 30, 2025As of December 31, 2024Weighted-average remaining lease term of operating leases3.8 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 June 30, 2025 and 2024, respectively, and $1.5 million and $1.3 million, respectively. 

19

14.Net Income Per Share

The computation of net income per share is as follows: