Company: CRCT
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001828962-25-000039
Chunk: 5

Company: Cricut, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 5
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308 269,940 Income from operations76,110 69,985 79,953 Other income (expense):Interest income11,016 7,976 1,809 Interest expense(326)(323)(289)Other income2,077 2,145 508 Total other income, net12,767 9,798 2,028 Income before provision for income taxes88,877 79,783 81,981 Provision for income taxes26,047 26,147 21,315 Net income$62,830 $53,636 $60,666 Other comprehensive income (losses):Change in net unrealized gains (losses) on marketable securities, net of tax(136)711 (300)Change in foreign currency translation adjustment(147)41 (120)Comprehensive income$62,547 $54,388 $60,246 Earnings per share, basic$0.29 $0.25 $0.28 Earnings per share, diluted$0.29 $0.24 $0.28 Weighted-average common shares outstanding, basic215,105,815 216,892,525 214,458,284 Weighted-average common shares outstanding, diluted215,645,506 219,722,063 220,588,789 

See accompanying notes to these consolidated financial statements.

84

Cricut, Inc.

Consolidated Statements of Stockholders’ Equity

(in thousands, except share amounts)

Common StockAdditionalPaid-InCapitalRetained Earnings (AccumulatedDeficit)Accumulated OtherComprehensiveIncome (Loss)TotalStockholders’EquitySharesAmountBalance as of December 31, 2021221,913,559 $222 $717,369 $(43,560)$(55)$673,976 Net Income— — — 60,666 — 60,666 Issuance of common stock upon vesting or exercise of stock-based awards, net of withholding tax620,611 — (6,815)— — (6,815)Forfeiture of unvested common stock(528,002)— — — — — Repurchase of common stock(2,349,581)(2)(18,578)— — (18,580)Dividends declared— — (64,