Cricut, Inc. engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods in the United States, Canada, the United Kingdom, Ireland, Australia, New Zealand, Western Europe, the Middle East, Latin America, South Africa, and Asia. It operates through Platform and Products segments. The company offers connected machines, accessories, and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations. Its connected machines, which are used to cut, write, score, and create decorative effects on paper, adhesive vinyl, iron-on vinyl, wood, and leather, comprise Cricut Joy family, Cricut Explore family, Cricut Maker family, and Cricut Venture. The company also provides Cricut Design Space, a cloud-based software that integrates with connected machines to enable users to create and work on projects across desktop and mobile devices; Cricut Access and Cricut Access Premium subscription offerings; and in-app purchases of images, fonts, and projects. In addition, it offers a range of accessories and materials, such as Cricut EasyPress, Cricut Mug Press, hand tools, machine replacement tools and blades, and project materials, such as vinyl and iron-on. Further, the company provides craft, DIY, home dΓ©cor products, and extensions. It offers its products through its third-party brick-and-mortar and online retail partners; and its website cricut.com, as well as through a network of distributors. Cricut, Inc. was formerly known as Provo Craft & Novelty, Inc. and changed its name to Cricut, Inc. in March 2018. The company was incorporated in 1969 and is headquartered in South Jordan, Utah.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $709M | $133M | $77M | $176M | 22.3% | -0.5% | 22.1% |
| 2024 | $713M | $118M | $63M | $247M | 13.5% | -6.9% | 17.1% |
| 2023 | $765M | $110M | $54M | $264M | 10.0% | -13.7% | -11.6% |
| 2022 | $886M | $109M | $61M | $84M | 9.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 886.30 | 765.15 | 712.54 | 708.78 |
| Cost Of Revenue | 536.40 | 421.85 | 359.75 | 318.35 |
| Gross Profit | 349.89 | 343.29 | 352.79 | 390.43 |
| Operating Expense | 269.94 | 273.31 | 276.68 | 294.40 |
| Operating Income | 79.95 | 69.98 | 76.11 | 96.03 |
| EBITDA | 109.23 | 110.14 | 118.21 | 132.90 |
| EBIT | 82.27 | 80.11 | 89.20 | 108.46 |
| Pretax Income | 81.98 | 79.78 | 88.88 | 107.89 |
| Tax Provision | 21.32 | 26.15 | 26.05 | 31.19 |
| Net Income | 60.67 | 53.64 | 62.83 | 76.70 |
| Net Income Common Stockholders | 60.67 | 53.64 | 62.83 | 76.70 |
| Total Expenses | 806.34 | 695.16 | 636.43 | 612.75 |
| Interest Expense | 0.29 | 0.32 | 0.33 | 0.57 |
| Interest Income | 1.81 | 7.98 | 11.02 | 11.39 |
| Research And Development | 76.91 | 65.05 | 60.40 | 66.52 |
| Selling General And Administration | 193.03 | 208.26 | 216.28 | 227.88 |
| Normalized EBITDA | 109.23 | 110.14 | 118.21 | 132.90 |
| Normalized Income | 60.67 | 53.64 | 62.83 | 76.70 |
| Basic EPS | 0.28 | 0.25 | 0.29 | 0.36 |
| Diluted EPS | 0.28 | 0.24 | 0.29 | 0.35 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.26 | 0.33 | 0.29 | 0.29 |
| Net Income From Continuing Operation Net Minority Interest | 60.67 | 53.64 | 62.83 | 76.70 |
| Reconciled Depreciation | 26.96 | 30.04 | 29.01 | 24.44 |
| Reconciled Cost Of Revenue | 536.40 | 421.85 | 359.75 | 318.35 |
| Net Interest Income | 1.52 | 7.65 | 10.69 | 10.82 |
| Net Income From Continuing And Discontinued Operation | 60.67 | 53.64 | 62.83 | 76.70 |
| Total Operating Income As Reported | 79.95 | 69.98 | 76.11 | 96.03 |
| Diluted Average Shares | 220.59 | 219.72 | 215.65 | 217.31 |
| Basic Average Shares | 214.46 | 216.89 | 215.11 | 215.18 |
| Diluted NI Availto Com Stockholders | 60.67 | 53.64 | 62.83 | 76.70 |
| Net Income Including Noncontrolling Interests | 60.67 | 53.64 | 62.83 | 76.70 |
| Net Income Continuous Operations | 60.67 | 53.64 | 62.83 | 76.70 |
| Other Income Expense | 0.51 | 2.15 | 2.08 | 1.04 |
| Other Non Operating Income Expenses | 0.51 | 2.15 | 2.08 | 1.04 |
| Net Non Operating Interest Income Expense | 1.52 | 7.65 | 10.69 | 10.82 |
| Interest Expense Non Operating | 0.29 | 0.32 | 0.33 | 0.57 |
| Interest Income Non Operating | 1.81 | 7.98 | 11.02 | 11.39 |
| Selling And Marketing Expense | 130.38 | 123.17 | 143.29 | 159.41 |
| General And Administrative Expense | 62.65 | 85.09 | 72.98 | 68.46 |
| Other Gand A | 62.65 | 85.09 | 72.98 | 68.46 |
| Operating Revenue | 886.30 | 765.15 | 712.54 | 708.78 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cricut, Inc.this co. | CRCT | $906M | 12.23β discount | 2.63 | 22.3% | 6.35 |
| Rezolve AI PLC | RZLV | $981M | - | 3.35 | -41.1% | -10.09 |
| Amplitude, Inc. | AMPL | $952M | - | 3.92 | -36.1% | -8.40 |
| ScanSource, Inc. | SCSC | $947M | 12.40 | 0.98 | 7.9% | 6.85 |
| EFOR | EFOR | $943M | 10.19 | - |
| 6.3% |
| 6.33 |
| Daktronics, Inc. | DAKT | $928M | 34.62 | 3.13 | -3.7% | 9.89 |
| Aeva Technologies, Inc. | AEVA | $928M | - | 68.56 | -1100.5% | -7.43 |
| indie Semiconductor, Inc. | INDI | $862M | - | 2.33 | -37.3% | -10.48 |
| LSI Industries Inc. | LYTS | $840M | 30.97 | 2.77 | 10.6% | 17.77 |
| Peer Median | - | 21.69 | 3.13 | -19.9% | -0.55 | |