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% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 886.30 | 765.15 | 712.54 | 708.78 |
| Operating 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 |
| Research And Development | - | 76.91 | 65.05 | 60.40 | 66.52 |
| Selling General And Administration | - | 193.03 | 208.26 | 216.28 | 227.88 |
| Total Expenses | - | 806.34 | 695.16 | 636.43 | 612.75 |
| Operating Income | - | 79.95 | 69.98 | 76.11 | 96.03 |
| Total Operating Income As Reported | - | 79.95 | 69.98 | 76.11 | 96.03 |
| EBITDA | - | 109.23 | 110.14 | 118.21 | 132.90 |
| Normalized EBITDA | - | 109.23 | 110.14 | 118.21 | 132.90 |
| EBIT | - | 82.27 | 80.11 | 89.20 | 108.46 |
| Interest Income | - | 1.81 | 7.98 | 11.02 | 11.39 |
| Interest Expense | - | 0.29 | 0.32 | 0.33 | 0.57 |
| Net Interest Income | - | 1.52 | 7.65 | 10.69 | 10.82 |
| Other Non Operating Income Expenses | - | 0.51 | 2.14 | 2.08 | 1.04 |
| Other Income Expense | - | 0.51 | 2.14 | 2.08 | 1.04 |
| Interest Income Non Operating | - | 1.81 | 7.98 | 11.02 | 11.39 |
| Interest Expense Non Operating | - | 0.29 | 0.32 | 0.33 | 0.57 |
| Net Non Operating Interest Income Expense | - | 1.52 | 7.65 | 10.69 | 10.82 |
| Pretax Income | - | 81.98 | 79.78 | 88.88 | 107.89 |
| Tax Provision | - | 21.32 | 26.15 | 26.05 | 31.19 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 60.67 | 53.64 | 62.83 | 76.70 |
| Net Income From Continuing And Discontinued Operation | - | 60.67 | 53.64 | 62.83 | 76.70 |
| Net Income From Continuing Operation Net Minority Interest | - | 60.67 | 53.64 | 62.83 | 76.70 |
| Net Income | - | 60.67 | 53.64 | 62.83 | 76.70 |
| Net Income Common Stockholders | - | 60.67 | 53.64 | 62.83 | 76.70 |
| Net Income Including Noncontrolling Interests | - | 60.67 | 53.64 | 62.83 | 76.70 |
| Normalized Income | - | 60.67 | 53.64 | 62.83 | 76.70 |
| Diluted NI Availto Com Stockholders | - | 60.67 | 53.64 | 62.83 | 76.70 |
| Basic Average Shares | - | 214.46 | 216.89 | 215.11 | 215.18 |
| Diluted Average Shares | - | 220.59 | 219.72 | 215.65 | 217.31 |
| Reconciled Depreciation | - | 26.96 | 30.04 | 29.01 | 24.44 |
| Reconciled Cost Of Revenue | - | 536.40 | 421.85 | 359.75 | 318.35 |
| General And Administrative Expense | - | 62.65 | 85.09 | 72.98 | 68.46 |
| Other Gand A | - | 62.65 | 85.09 | 72.98 | 68.46 |
| Selling And Marketing Expense | - | 130.38 | 123.17 | 143.29 | 159.41 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cricut, Inc.this co. | CRCT | $867M | 11.30β premium | 2.52 | 22.3% | 4.54 |
| Donnelley Financial Solutions, Inc. | DFIN | $962M | 29.69 | 2.54 | 8.5% | 9.06 |
| Daktronics, Inc. | DAKT | $950M | -93.83 | 3.49 | -3.7% | 50.46 |
| ZoomInfo Technologies Inc. | GTM | $893M | 7.19 | 0.59 | 8.2% | 7.02 |
| LSI Industries Inc. | LYTS | $850M | 34.84 |
| - |
| - |
| - |
| - |
| 3.68 |
| 10.6% |
| 18.73 |
| EFOR | EFOR | $845M | 7.44 | 0.47 | 6.3% | 5.39 |
| Viant Technology Inc. | DSP | $835M | 99.94 | 10.16 | 10.2% | 21.61 |
| ASGN Incorporated | ASGN | $834M | 7.35 | 0.46 | 6.3% | 5.36 |
| Cantaloupe, Inc. | CTLP | $826M | 12.91 | 3.25 | 25.2% | 19.06 |
| Peer Median | - | 10.18 | 2.90 | 8.4% | 13.89 | |