Company: CRCT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001828962-25-000146
Chunk: 33

Company: Cricut, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 of $0.10 per share on its Class A and Class B common stock, payable on July 19, 2024 to shareholders of record as of July 2, 2024. As part of the dividends, and pursuant to the underlying award agreements, holders of RSUs and PRSUs received a dividend equivalent of $0.50 per unit in the form of additional RSUs or PRSUs subject to the same vesting conditions as the original awards. The aggregate dividend of $121.7 million was to be satisfied in cash of $108.2 million payable to holders of Class A and Class B common stock with the remaining $13.5 million satisfied on the payment date in the form of dividend equivalents to RSU or PRSU holders prior to any subsequent forfeitures.During the three and six months ended June 30, 2025, an aggregate of $0.0 million and $21.5 million, respectively, was paid in cash and $0.0 million and $2.9 million, respectively was satisfied in the form of dividend equivalents to RSU or PRSU holders. During the three and six months ended June 30, 2024, $0.1 million and $1.5 million was paid in cash, respectively.

Dividends payable includes dividends declared but not yet paid and prior dividends on unvested shares of Class A common stock payable upon future vesting. 

10.Stock-Based Compensation 

Stock-Based Compensation CostThe following table shows the stock-based compensation cost by award type for the periods indicated: Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Equity classified awardsRestricted stock units$10,231 $10,027 $21,019 $19,824 Stock options— 244 — 680 Class B common stock 58 1,034 321 2,273 Liability-classified awards9 12 11 20 Total stock-based compensation$10,298 $11,317 $21,351 $22,797 

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The following table sets forth the total stock-based compensation cost included in the Company’s condensed consolidated statements of operations and comprehensive income or capitalized to assets for the periods indicated: Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Cost of revenuePlatform$273 $255 $540 $492 Products