Cricut, Inc. (CRCT) AI Stock Analysis
CRCT AI stock analysis summary
AI ResearchCricut, Inc. (CRCT) provides a creative ecosystem consisting of connected cutting machines, design applications, subscriptions, and crafting accessories. While annual revenue fell from $1.31B in FY2021 to $708.8M in FY2025, gross margin expanded from 35.0% to 55.1% over the same timeframe. The balance sheet features $275.9M in net cash alongside a trailing twelve-month operating margin of 18.9%.
- Market cap
- $1.35B
- Revenue (TTM)
- $689.8M
- P/E
- 15.7x
- 1Y return
- 29.3% S&P 500 16.8%
- Avg. target
- $4.07 -37.0% vs last close
Bull case
- Gross margin has widened consistently from 35.0% in FY2021 to 55.1% in FY2025.
- The balance sheet is well-capitalized with $275.9M in net cash and a current ratio of 2.49.
- Trailing twelve-month operating margin of 18.9% exceeds the peer median of 13.2%.
Bear case
- Revenue has contracted at a five-year CAGR of -5.9% through FY2025.
- Analysts maintain a negative stance with 3 total Sell or Strong Sell ratings and a mean price target of $4.07.
- Consensus models an EPS decline of 32.5% to $0.24 for the next fiscal year.
What Cricut does
Cricut, Inc. designs and markets a versatility platform that empowers users to turn ideas into handmade goods. The company operates across three segments: Connected Machines, Subscriptions, and Accessories and Materials. Key products include connected machines such as Cricut Joy, Cricut Explore, and Cricut Maker, which cut, write, and score materials like paper, vinyl, and leather. The hardware is supported by the Design Space app, Cricut Joy-specific software, and Cricut Access subscription services. Cricut also markets accessories like Cricut EasyPress and Cricut Mug Press, distributing via third-party brick-and-mortar stores, online retailers, and its direct e-commerce channels.
Growth and profitability
Cricut generated $708.8M in revenue in FY2025, representing a 0.5% decrease compared to $712.5M in FY2024 and down from $1.31B in FY2021. Despite lower sales, profitability improved, with gross margin rising each year from 35.0% in FY2021 to 55.1% in FY2025. Net income reached $76.7M in FY2025, up from $62.8M in FY2024 and $53.6M in FY2023. Operating cash flow stood at $200.2M in FY2025, supporting free cash flow of $175.8M. For the latest quarter ended June 30, 2026, quarterly revenue fell 9.2% year-over-year, while quarterly earnings grew 69.4%. Over the trailing twelve months, Cricut generated $689.8M in revenue, EPS of $0.41, and a profit margin of 12.7%.
Balance sheet and cash flow
As of June 30, 2026, Cricut held $286.3M in cash and short-term investments against $10.4M in total debt, resulting in net cash of $275.9M. Total assets were $585.7M, shareholders' equity was $368.2M, the current ratio was 2.49, and the debt-to-equity ratio was 0.03. In FY2025, cash utilization included $24.4M in capital expenditures, $24.7M in share buybacks, and $202.1M in dividends paid. The five-year share count change was -5.3%.
Valuation and performance
Cricut trades at a trailing price-to-earnings ratio of 15.7x, below the 28.1x median of its US-listed Technology peers. Its enterprise value of $957.7M reflects an EV-to-EBITDA multiple of 6.8x, compared to the peer median of 16.6x, and a price-to-sales multiple of 2.0x against the peer median of 2.8x. Over the past year, Cricut shares returned 29.3%, outperforming the S&P 500 return of 16.8%. Over a five-year period, the stock declined 63.9%, while the S&P 500 gained 83.0%.
CRCT dividend
Cricut pays a semiannual dividend with an annualized forward rate of $0.20 per share, yielding 3.09%. The payout ratio is 46.5%, and the company has paid dividends for 4 consecutive years. The last ex-dividend date occurred on July 7, 2026, following $202.1M in total dividends paid during FY2025.
What analysts expect
Wall Street coverage from 3 analysts consists of 0 Buy, 0 Hold, 1 Sell, and 2 Strong Sell ratings. The mean price target is $4.07, which is 37.0% below the last close of $6.45. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $696.7M and EPS of $0.35. For the next fiscal year, analysts estimate revenue of $704.5M and EPS of $0.24, implying a 32.5% decrease in EPS. Cricut beat EPS estimates in each of the last 4 quarters, with its next earnings release scheduled for November 3, 2026.
Key risks and what to watch
- Quarterly revenue dropped 9.2% year-over-year in the period ended June 30, 2026.
- Consensus projects next fiscal year earnings to decline 32.5% from FY2026 levels.
- Short interest represents 8.9% of the float, reflecting negative market sentiment.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this CRCT AI stock analysis
This page is an AI-written research summary of Cricut, Inc. (CRCT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: CRCT income statement, CRCT balance sheet, CRCT key metrics, CRCT analyst forecast, CRCT chart. See the CRCT stock overview for the latest quote and news.
CRCT AI stock analysis FAQ
Does Cricut pay a dividend?
Yes. Cricut pays a semiannual dividend of $0.20 per share on a forward basis, providing a 3.09% yield with a 46.5% payout ratio.
What is Cricut's net cash position?
As of June 30, 2026, Cricut held $286.3M in cash and short-term investments against $10.4M in total debt, giving it a net cash balance of $275.9M.
When is Cricut's next earnings report?
Cricut is scheduled to report its next financial results on November 3, 2026.
How do analysts rate CRCT shares?
All 3 covering analysts give CRCT a negative rating, comprising 1 Sell and 2 Strong Sells, with a mean price target of $4.07.