Cricut Inc

Cricut Inc

CRCT · NASDAQ · Technology / Computer Hardware

8.65USD+0.15 (+1.76%)

Price History

Full chart

Market Stats

Previous Close8.50
Open8.58
Day Range8.39 – 8.69
52-Week Range3.65 – 6.27
Volume976.46K
Market Cap1.24B
P/E (TTM)14.80
Forward P/E0.00
EPS0.40
Dividend Yield3.40%
Beta0.18
50-Day Avg5.41
200-Day Avg4.67

About

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 décor 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.

Company Details

  • SectorTechnology
  • IndustryComputer Hardware
  • CEOMr. Ashish Arora
  • Employees700
  • Headquarters10855 South River Front Parkway, South Jordan, UT, United States, 84095, USA
  • Websitehttps://cricut.com

Leadership

  • Mr. Ashish AroraCEO, President & Director · b. 1968
  • Mr. Kimball ShillChief Financial Officer · b. 1964
  • Mr. Matt TuttleSenior VP, General Counsel & Corporate Secretary · b. 1978
  • Mr. Ryan HarmerSenior VP of Accounting & Corporate Controller
  • Mr. Christopher John BelfioreHead of Investor Relations
  • Mr. Michael HoadeVice President of Finance

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue339.79M486.55M959.03M1.31B886.30M765.15M712.54M708.78M
Growth (%)-+43.19%+97.11%+36.20%-32.15%-13.67%-6.88%-0.53%
Cost of Revenue228.69M344.20M626.66M848.78M536.40M421.85M359.75M318.35M
Gross Profit111.10M142.35M332.37M457.45M349.89M343.29M352.79M390.43M
Gross Margin32.70%29.26%34.66%35.02%39.48%44.87%49.51%55.08%
Operating Expense73.12M88.79M131.86M265.05M269.94M273.31M276.68M294.40M
Operating Income37.98M53.56M200.51M192.41M79.95M69.98M76.11M96.03M
Operating Margin11.18%11.01%20.91%14.73%9.02%9.15%10.68%13.55%
EBITDA46.10M62.74M214.63M212.06M109.23M110.14M118.21M132.90M
EBITDA Margin13.57%12.89%22.38%16.23%12.32%14.40%16.59%18.75%
Net Income27.43M39.21M154.58M140.47M60.67M53.64M62.83M76.70M
Net Income Margin8.07%8.06%16.12%10.75%6.84%7.01%8.82%10.82%
R&D24.06M26.67M38.93M79.81M76.91M65.05M60.40M66.52M
R&D as % of Total Revenue7.08%5.48%4.06%6.11%8.68%8.50%8.48%9.39%
Interest Expense1.93M3.29M1.16M298.00K289.00K323.00K326.00K567.00K
Interest Expense % of Total Revenue0.57%0.68%0.12%0.02%0.03%0.04%0.05%0.08%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets241.62M317.64M581.40M1.01B949.63M750.12M693.03M580.81M
Total Liabilities161.85M196.50M352.48M332.27M276.89M215.25M226.27M237.25M
Total Equity79.77M121.14M228.93M673.98M672.74M534.87M466.76M343.56M
Cash6.02M6.65M122.22M241.60M224.94M142.19M232.14M256.22M
Total Debt44.80M55.41M-19.54M19.37M14.17M15.21M11.62M
Net Debt38.79M48.76M-122.22M-222.06M-205.57M-128.02M-216.93M-244.59M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-8.30M3.86M248.23M-104.95M117.68M288.10M264.97M200.23M
Investing Cash Flow-8.11M-14.10M-21.84M-35.79M-107.87M-48.78M-18.33M60.66M
Financing Cash Flow17.44M10.90M-110.92M260.24M-26.25M-322.19M-156.44M-237.44M
Capital Expenditure8.11M14.10M21.84M35.79M33.77M23.72M18.33M24.42M
Free Cash Flow-16.42M-10.23M226.38M-140.74M83.91M264.38M246.63M175.81M
Dividends Paid51.20M51.20M51.20M075.81M294.13M109.97M202.10M
FCF to OCF197.71%-265.06%91.20%134.10%71.30%91.77%93.08%87.81%
Dividend Paid to FCF-311.87%-500.31%22.62%0.00%90.34%111.25%44.59%114.95%

Earnings

Report DateSep 30, 2019Dec 31, 2019Sep 30, 2020Dec 31, 2020Mar 25, 2021May 13, 2021Aug 12, 2021Nov 10, 2021Mar 8, 2022May 10, 2022Aug 9, 2022Nov 8, 2022Mar 7, 2023May 9, 2023Aug 8, 2023Nov 8, 2023Mar 5, 2024May 7, 2024Aug 6, 2024Nov 5, 2024Mar 3, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Mar 10, 2026May 5, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.000.000.000.000.300.210.210.160.220.110.090.070.060.070.060.070.050.060.050.050.040.070.070.040.030.040.040.03
EPS Actual0.040.040.220.302.310.270.220.130.050.110.060.060.050.070.070.080.050.090.090.050.060.110.110.100.040.100.19-
Surprise----670.00%28.57%4.76%-18.75%-77.27%0.00%-33.33%-14.29%-16.67%0.00%16.67%14.29%0.00%50.00%80.00%0.00%42.52%57.14%57.14%150.00%48.70%150.00%375.00%-
Timing----After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.24B
Enterprise Value957.74M
Trailing P/E14.80
Forward P/E0.00
Price / Sales1.80
Price / Book3.35
EPS0.40
Book Value1.76
Revenue (TTM)689.79M
Gross Profit (TTM)382.39M
EBITDA93.84M
Profit Margin12.71%
Operating Margin18.89%
Return on Equity25.90%
Return on Assets8.57%
Shares Outstanding55.02M
Shares Float46.33M
Beta0.18
Dividend Yield3.40%
Dividend Rate0.20
Payout Ratio46.51%

Analyst Ratings

Sell
Based on 4 analystsTarget 4.07
  • Hold
    1
  • Sell
    1
  • Strong Sell
    2

Ownership Breakdown

Institutions
56.14%
Insiders
12.22%
Retail / Other
31.64%

Top Institutional Holders

  • BlackRock Inc
    3.68M1.76%
  • American Century Companies Inc
    2.10M1.00%
  • Vanguard Portfolio Management, LLC
    2.07M0.99%
  • Vanguard Capital Management, LLC
    2.02M0.96%
  • Geode Capital Management, LLC
    1.60M0.77%
  • State Street Corp
    1.24M0.59%
  • Dimensional Fund Advisors, Inc.
    1.13M0.54%
  • D. E. Shaw & Co LP
    976.36K0.47%
  • Jacobs Levy Equity Management, Inc.
    950.30K0.45%
  • Renaissance Technologies Corp
    879.14K0.42%
  • Morgan Stanley - Brokerage Accounts
    865.97K0.41%
  • AQR Capital Management LLC
    736.70K0.35%
  • Algert Global LLC
    718.42K0.34%
  • Bank of New York Mellon Corp
    557.36K0.27%

Top Fund Holders

  • Avantis US Small Cap Value ETF
    1.97M0.94%
  • iShares Russell 2000 ETF
    1.61M0.77%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.43M0.68%
  • Vanguard Small Cap Index
    1.08M0.51%
  • Vanguard MStar Small Cap Value Index
    683.46K0.33%
  • iShares Russell 2000 Value ETF
    567.98K0.27%

Dividends

20262×
0.10Jul 7, 20260.10Jan 6, 2026
20252×
0.85Jul 7, 20250.10Jan 7, 2025
20241×
0.50Jul 2, 2024
20232×
1.00Jun 30, 20230.35Jan 31, 2023