Company: CRCT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001828962-25-000075
Chunk: 30

Company: Cricut, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
ITEM 1. FINANCIAL STATEMENTS

Cricut, Inc.

Condensed Consolidated Balance Sheets

(in thousands, except share and per share)

As of March 31, 2025As of December 31, 2024(unaudited)AssetsCurrent assets:Cash and cash equivalents$252,141 $232,140 Marketable securities104,527 104,774 Accounts receivable, net72,325 101,980 Inventories114,397 115,255 Prepaid expenses and other current assets17,844 26,065 Total current assets561,234 580,214 Property and equipment, net36,804 37,546 Operating lease right-of-use asset13,427 13,958 Deferred tax assets44,006 39,186 Other assets26,183 22,131 Total assets$681,654 $693,035 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$58,269 $53,373 Accrued expenses and other current liabilities57,793 76,274 Deferred revenue, current portion51,056 45,427 Operating lease liabilities, current portion3,815 3,899 Dividends payable, current portion32 24,401 Total current liabilities170,965 203,374 Operating lease liabilities, net of current portion10,692 11,310 Deferred revenue, net of current portion2,717 2,826 Other non-current liabilities7,106 8,764 Total liabilities191,480 226,274 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 March 31, 2025 and December 31, 2024.— — Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of March 31, 2025, 211,775,572 shares issued and outstanding as of March 31, 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 capital463,754 466,554 Retained earnings25,997