Company: CRCT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001828962-25-000153
Chunk: 39

Company: Cricut, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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2024, respectively. These amounts were included in net cash provided by operating activities in the Company’s consolidated statements of cash flows.As of September 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)$1,054 20264,128 20272,869 20284,023 20291,694 Total lease payments$13,768 Less: imputed interest$(1,254)Present value of operating lease liabilities$12,514 Operating lease liabilities, current$3,607 Operating lease liabilities, non-current$8,907 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 September 30, 2025As of December 31, 2024Weighted-average remaining lease term of operating leases3.6 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 September 30, 2025 and 2024, respectively, and $2.2 million and $1.8 million for the nine months ended September 30, 2025 and 2024, respectively. 

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14.Net Income Per Share

The computation of net income per share is as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands, except share and per share amounts)Basic earnings per share:Net income$20,512 $11,488 $68,914 $50,904 Shares used in computation:Weighted-average common shares outstanding, basic212,257,907 214,769,065 212,189,253 214,706,773 Earnings per share, basic$0.10 $0.05 $0.32 $0.24 Diluted earnings per share:Net income$20,512 $11,488 $