Company: CRCT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001828962-25-000146
Chunk: 18

Company: Cricut, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
ITEM 1. FINANCIAL STATEMENTS

Cricut, Inc.

Condensed Consolidated Balance Sheets

(in thousands, except share and per share)

As of June 30, 2025As of December 31, 2024(unaudited)AssetsCurrent assets:Cash and cash equivalents$298,057 $232,140 Marketable securities78,884 104,774 Accounts receivable, net81,990 101,980 Inventories124,796 115,255 Prepaid expenses and other current assets15,459 26,065 Total current assets599,186 580,214 Property and equipment, net37,736 37,546 Operating lease right-of-use asset12,481 13,958 Deferred tax assets49,560 39,186 Other assets22,548 22,131 Total assets$721,511 $693,035 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$71,977 $53,373 Accrued expenses and other current liabilities61,657 76,274 Deferred revenue, current portion51,047 45,427 Operating lease liabilities, current portion3,609 3,899 Dividends payable, current portion204,814 24,401 Total current liabilities393,104 203,374 Operating lease liabilities, net of current portion9,784 11,310 Deferred revenue, net of current portion2,585 2,826 Other non-current liabilities7,101 8,764 Total liabilities412,574 226,274 Commitments and contingencies (Note 11)Stockholders’ equity:Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2025 and December 31, 2024.— — Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of June 30, 2025, 212,466,401 shares issued and outstanding as of June 30, 2025; 1,250,000,000 shares authorized as of December 31, 2024, 213,295,922 shares issued and outstanding as of December 31, 2024.212 213 Additional paid-in capital308,165 466,554 Retained earnings—