Company: CRCT
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001828962-25-000039
Chunk: 4

Company: Cricut, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 4
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 revenue, current portion45,427 40,304 Operating lease liabilities, current portion3,899 5,230 Dividends payable, current portion24,401 2,137 Total current liabilities203,374 196,464 Operating lease liabilities, net of current portion11,310 8,938 Deferred revenue, net of current portion2,826 2,931 Other non-current liabilities8,764 6,916 Total liabilities226,274 215,249 Commitments and contingencies (Note 12)Stockholders’ equity:Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, and no shares issued and outstanding as of December 31, 2024 and December 31, 2023.— — Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of December 31, 2024, 213,295,922 and 217,915,713 shares issued and outstanding as of December 31, 2024 and 2023, respectively.213 218 Additional paid-in capital466,554 505,864 Retained earnings— 28,514 Accumulated other comprehensive income (loss)(6)277 Total stockholders’ equity466,761 534,873 Total liabilities and stockholders’ equity$693,035 $750,122 

See accompanying notes to these consolidated financial statements.

83

Cricut, Inc.

Consolidated Statements of Operations and Comprehensive Income

(in thousands, except share and per share amounts)

Year Ended December 31,202420232022Revenue:Platform$312,976 $309,012 $278,646 Products399,562 456,135 607,650 Total revenue712,538 765,147 886,296 Cost of revenue:Platform37,288 32,804 26,676 Products322,462 389,050 509,727 Total cost of revenue359,750 421,854 536,403 Gross profit352,788 343,293 349,893 Operating expenses:Research and development60,399 65,048 76,914 Sales and marketing143,294 123,169 130,379 General and administrative72,985 85,091 62,647 Total operating expenses276,678 273,