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Dec 31, 2021
Cricut Q4 2021 Earnings Report
Cricut reported a 5% increase in revenue and a decrease in net income by 81% compared to Q4 2020.
Key Takeaways
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
Revenue was $387.8 million, up approximately 5% over Q4 2020.
Paid subscribers climbed to over 2.0 million at end of 2021, up 56% over end of Q4 2020.
Gross margin was 27.0%, down from 33.6% in Q4 2020.
Net income was $11.9 million, down approximately 81% over Q4 2020.
Cricut
Cricut
Cricut Revenue by Segment
Cricut Revenue by Geographic Location
Revenue by Segment
Platform Revenue
CapyFin.comProducts Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
The company's strong focus on profitable growth prioritizes user engagement and monetization in the short term, while investing in expanding the platform for longer term growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income