Company: CRCT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001828962-25-000146
Chunk: 71

Company: Cricut, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 71
---
Year 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:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands, except share and per share amounts)Basic earnings per share:Net income$24,488 $19,769 $48,402 $39,416 Shares used in computation:Weighted-average common shares outstanding, basic211,865,363 216,422,513 212,514,662 215,986,713 Earnings per share, basic$0.12 $0.09 $0.23 $0.18 Diluted earnings per share:Net income$24,488 $19,769 $48,402 $39,416 Shares used in computation:Weighted-average common shares outstanding, basic211,865,363 216,422,513 212,514,662 215,986,713 Weighted-average effect of potentially dilutive securities:Unvested common stock subject to forfeiture— 279,481