Company: CRCT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001828962-25-000146
Chunk: 66

Company: Cricut, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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.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 Products9 210 15 396 Total cost of revenue282 465 555 888 Research and development3,359 3,540 6,796 7,253 Sales and marketing2,737 2,988 5,851 5,924 General and administrative3,310 3,626 6,936 7,311 Total stock-based compensation expense$9,688 $10,619 $20,138 $21,376 Capitalized for software development costs425 365 848 695 Capitalized to inventories185 333 365 726 Total stock-based compensation$10,298 $11,317 $21,351 $22,797 As of June 30, 2025, there was $65.4 million of unrecognized stock-based compensation cost related to service-based awards, which is expected to be recognized over a weighted-average period of 2.6 years. The total unrecognized compensation expense related to unvested