Cricut, Inc. (CRCT) Income Statement
CRCT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCRCT revenue and net income
Where CRCT's revenue goes
2025Each bar shows an amount and its share of revenue. CRCT kept 10.8% of revenue as net income.
CRCT profit margins
CRCT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.5% | −7.2% | −5.9% | — |
| Gross profit | +10.7% | +3.7% | +3.3% | — |
| Operating income | +26.2% | +6.3% | −13.7% | — |
| Net income | +22.1% | +8.1% | −13.1% | — |
| EPS (diluted) | +24.1% | +8.7% | −34.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRCT quarterly EPS vs estimates
Cricut beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.03).
CRCT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $708.8M | $712.5M | $765.1M | $886.3M | $1.31B | $959.0M | $486.6M | $339.8M |
| Cost of revenue | $318.3M | $359.8M | $421.9M | $536.4M | $848.8M | $626.7M | $344.2M | $228.7M |
| Gross profit | $390.4M | $352.8M | $343.3M | $349.9M | $457.4M | $332.4M | $142.3M | $111.1M |
| Research & development | $66.5M | $60.4M | $65.0M | $76.9M | $79.8M | $38.9M | $26.7M | $24.1M |
| Sales, general & admin | $227.9M | $216.3M | $208.3M | $193.0M | $185.2M | $92.9M | $62.1M | $49.1M |
| Total operating expenses | $294.4M | $276.7M | $273.3M | $269.9M | $265.0M | $131.9M | $88.8M | $73.1M |
| Operating income | $96.0M | $76.1M | $70.0M | $80.0M | $192.4M | $200.5M | $53.6M | $38.0M |
| Interest income | $11.4M | $11.0M | $8.0M | $1.8M | $181,000 | — | — | — |
| Interest expense | $567,000 | $326,000 | $323,000 | $289,000 | $298,000 | $1.2M | $3.3M | $1.9M |
| Income before taxes | $107.9M | $88.9M | $79.8M | $82.0M | $192.4M | $199.2M | $50.3M | $36.2M |
| Income taxes | $31.2M | $26.0M | $26.1M | $21.3M | $51.9M | $44.6M | $11.1M | $8.7M |
| Net income | $76.7M | $62.8M | $53.6M | $60.7M | $140.5M | $154.6M | $39.2M | $27.4M |
| EBITDA | $132.9M | $118.2M | $110.1M | $109.2M | $212.1M | $214.6M | $62.7M | $46.1M |
| EPS (diluted) | $0.36 | $0.29 | $0.27 | $0.28 | $0.67 | $2.90 | $0.18 | $0.13 |
| Gross margin | 55.1% | 49.5% | 44.9% | 39.5% | 35.0% | 34.7% | 29.3% | 32.7% |
| Operating margin | 13.5% | 10.7% | 9.1% | 9.0% | 14.7% | 20.9% | 11.0% | 11.2% |
| Net margin | 10.8% | 8.8% | 7.0% | 6.8% | 10.8% | 16.1% | 8.1% | 8.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $156.3M | $159.5M | $203.6M | $170.4M | $172.1M | $162.6M | $209.3M | $167.9M | $167.9M | $167.4M | $231.2M | $174.9M |
| Cost of revenue | $39.9M | $66.8M | $107.1M | $76.3M | $70.6M | $64.3M | $115.3M | $90.5M | $78.1M | $75.8M | $134.2M | $93.0M |
| Gross profit | $116.4M | $92.7M | $96.4M | $94.1M | $101.5M | $98.3M | $94.0M | $77.4M | $89.8M | $91.6M | $97.0M | $81.9M |
| Research & development | $16.9M | $16.6M | $17.2M | $16.9M | $16.8M | $15.7M | $16.0M | $15.2M | $14.3M | $14.9M | $15.0M | $15.9M |
| Sales, general & admin | $52.1M | $53.2M | $65.3M | $54.6M | $54.7M | $53.4M | $64.1M | $51.5M | $49.1M | $51.5M | $65.5M | $42.3M |
| Total operating expenses | $69.0M | $69.8M | $82.5M | $71.4M | $71.4M | $69.0M | $80.1M | $66.8M | $63.4M | $66.4M | $80.5M | $58.2M |
| Operating income | $47.4M | $22.9M | $13.9M | $22.7M | $30.1M | $29.3M | $13.9M | $10.6M | $26.4M | $25.2M | $16.5M | $23.7M |
| Interest income | $3.0M | $2.2M | $2.1M | $2.3M | $3.6M | $3.4M | $2.8M | $2.7M | $3.1M | $2.4M | — | $1.3M |
| Interest expense | $80,000 | $80,000 | $224,000 | $183,000 | $81,000 | $79,000 | $81,000 | $84,000 | $80,000 | $81,000 | $82,000 | $81,000 |
| Income before taxes | $50.3M | $25.1M | $15.8M | $25.6M | $33.8M | $32.6M | $16.6M | $14.2M | $29.8M | $28.3M | $18.5M | $25.5M |
| Income taxes | $11.3M | $4.8M | $8.0M | $5.1M | $9.4M | $8.7M | $4.7M | $2.7M | $10.0M | $8.6M | $7.2M | $8.3M |
| Net income | $39.1M | $20.3M | $7.8M | $20.5M | $24.5M | $23.9M | $11.9M | $11.5M | $19.8M | $19.6M | $11.3M | $17.2M |
| EBITDA | $53.6M | $30.8M | $22.3M | $31.9M | $39.9M | $38.8M | $23.4M | $21.5M | $37.5M | $33.6M | $34.6M | $33.3M |
| EPS (diluted) | $0.19 | $0.10 | $0.04 | $0.10 | $0.11 | $0.11 | $0.06 | $0.05 | $0.09 | $0.09 | $0.05 | $0.08 |
| Gross margin | 74.5% | 58.1% | 47.4% | 55.2% | 59.0% | 60.5% | 44.9% | 46.1% | 53.5% | 54.7% | 42.0% | 46.8% |
| Operating margin | 30.3% | 14.4% | 6.8% | 13.3% | 17.5% | 18.0% | 6.6% | 6.3% | 15.7% | 15.1% | 7.1% | 13.5% |
| Net margin | 25.0% | 12.7% | 3.8% | 12.0% | 14.2% | 14.7% | 5.7% | 6.8% | 11.8% | 11.7% | 4.9% | 9.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRCT's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRCT financial results
In fiscal year 2025 (ended December 31, 2025), Cricut reported revenue of $708.8 million, down 0.5% from the year before. It had net income of $76.7 million (up 22.1%), a net profit margin of 10.8%. Diluted earnings per share came to $0.36. Over five years revenue grew at an average rate of −5.9% a year.
See the CRCT stock overview for the latest quote and news, or the CRCT chart for price history and technical indicators.
CRCT income statement FAQ
What is Cricut's annual revenue?
Cricut reported total revenue of $708.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 0.5% from $712.5 million the previous year.
Is Cricut profitable?
Yes. Cricut reported net income of $76.7 million in fiscal 2025, a net profit margin of 10.8%; its operating margin was 13.5%.
What is Cricut's gross margin?
Cricut's gross margin was 55.1% in fiscal 2025: for every $100 of revenue, Cricut kept $55 after the direct cost of its products and services.
How much does Cricut spend on research and development?
Cricut spent $66.5 million on research and development in fiscal 2025, 9.4% of revenue.
How fast is Cricut growing?
Revenue grew −5.9% a year on average over the last five fiscal years, from $959.0 million to $708.8 million.
What are Cricut's earnings per share?
Cricut earned $0.36 per diluted share in fiscal 2025, compared with $0.29 a year earlier.
When will Cricut report its next earnings?
Cricut is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Cricut's fiscal year end?
Cricut's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.