Cricut Earnings Reports

Cricut, Inc. generated $209.3 million in revenue for Q4 2024, reflecting a 9% year-over-year decline. However, net income increased to $11.9 million, and gross margin expanded to 44.9%. Platform revenue grew slightly, while product revenue declined 15%. The company maintained strong cash flow and remains optimistic about new product launches in 2025.

Cricut reported a 4% decrease in revenue compared to Q3 2023, with total revenue reaching $167.9 million. Despite the revenue decline, the company increased its paid subscribers by 5% year-over-year, exceeding 2.8 million. Cricut maintained profitability for the 23rd consecutive quarter, reporting a net income of $11.5 million.

Cricut reported Q2 2024 financial results with a revenue of $167.9 million, a decrease of 6% compared to Q2 2023. Despite the revenue decrease, the company achieved a net income of $19.8 million, up 23% year over year, marking the 22nd consecutive quarter of profitability. Paid subscribers increased by 3% to over 2.8 million.

Cricut's Q1 2024 revenue decreased by 8% year-over-year to $167.4 million, but the company maintained profitability with a net income of $19.6 million, up 116% from Q1 2023. Platform revenue increased by 3%, and paid subscribers grew by 3% to approximately 2.8 million. The board authorized a special dividend of $0.40 per share, a recurring semi-annual dividend of $0.10 per share, and another $50 million stock repurchase program.

Cricut reported a decrease in revenue for Q4 2023 compared to Q4 2022, but saw an increase in operating income. The company is focusing on boosting marketing efforts and maintaining pricing discipline.

Cricut, Inc. reported a slight revenue decrease of 1% year-over-year to $174.9 million for Q3 2023, but achieved a 38% increase in net income to $17.2 million. The company saw growth in subscriptions revenue, which was up 11% year-over-year, and international revenue, which increased by 36%.

Cricut, Inc. reported Q2 2023 revenue of $177.8 million, a 3% decrease compared to Q2 2022. Despite the revenue decline, subscriptions and machines revenue increased by 13% and 5% respectively. The company delivered its 18th consecutive quarter of profitability with a net income of $16.0 million.

Cricut, Inc. reported a 26% decrease in revenue compared to Q1 2022, but achieved a 16% increase in subscription revenue and maintained its 17th consecutive quarter of profitability with a net income of $9.1 million.

Cricut reported a decrease in revenue for Q4 2022 compared to the previous year, with challenges in connected machine and accessories/materials revenue. However, subscriptions revenue increased, and the company maintained profitability. The total user base and paid subscribers continued to grow.

Cricut, Inc. reported a 32% decrease in revenue to $177.0 million for Q3 2022 compared to Q3 2021. Despite the revenue decline, the company maintained profitability with a net income of $12.4 million and saw growth in total users and paid subscribers.

Cricut reported a decrease in revenue for Q2 2022 compared to the previous year, impacted by macroeconomic conditions and elevated channel inventory. However, the company remained profitable, driven by growth in subscriptions and an increase in total users. The Board of Directors authorized a $50 million share repurchase program.

Cricut, Inc. reported a decrease in revenue for Q1 2022, but saw growth in total users and paid subscribers. The company delivered its 13th consecutive quarter of profitability with a net income of $23.5 million.

Cricut, Inc. reported its Q4 and full year 2021 financial results. The company's revenue reached $387.8 million, a 5% increase compared to Q4 2020. Total users grew to over 6.4 million, up 48% over Q4 2020. Paid subscribers climbed to over 2.0 million at end of 2021, up 56% over end of Q4 2020. Delivered 5th consecutive year of profitability with net income of $140.5 million; $211.6 million of EBITDA

Cricut, Inc. reported a 24.4% increase in revenue compared to Q3 2020, reaching $260.1 million. The company's user base grew significantly, and it maintained profitability for the eleventh consecutive quarter, with a net income of $30.0 million.

Cricut, Inc. reported a strong second quarter with a 42% increase in revenue compared to Q2 2020. The company saw growth in users and paid subscribers, and achieved its tenth consecutive quarter of profitability.

Cricut reported strong first-quarter results with revenue growth of 125.3% compared to Q1 2020. The company added over 600,000 users in the last three months, bringing the total user base to 4.9 million. Paid subscribers more than doubled to 1.6 million, and the company delivered its ninth consecutive quarter of profitability with a net income of $49.4 million.