Cricut, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $708.8M | $712.5M | $765.1M | $886.3M | $1.31B | $959.0M | $486.6M |
| Cost of Revenue | $318.3M | $359.8M | $421.9M | $536.4M | $848.8M | $626.7M | $344.2M |
| Gross Profit | $390.4M | $352.8M | $343.3M | $349.9M | $457.5M | $332.4M | $142.4M |
| Gross Margin | 55.1% | 49.5% | 44.9% | 39.5% | 35.0% | 34.7% | 29.3% |
| Operating Expenses | |||||||
| Research & Development | $66.5M | $60.4M | $65.0M | $76.9M | $79.8M | $38.9M | $26.7M |
| SG&A Expense | $68.5M | $73.0M | $85.1M | $62.6M | $51.3M | $29.6M | $22.0M |
| Operating Income | $96.0M | $76.1M | $70.0M | $80.0M | $192.4M | $200.5M | $53.6M |
| Operating Margin | 13.5% | 10.7% | 9.1% | 9.0% | 14.7% | 20.9% | 11.0% |
| Interest Expense | $567.0K | $326.0K | $323.0K | $289.0K | $298.0K | — | — |
| Pretax Income | $107.9M | $88.9M | $79.8M | $82.0M | $192.4M | $199.2M | $50.3M |
| Income Tax Expense | $31.2M | $26.0M | $26.1M | $21.3M | $51.9M | $44.6M | $11.1M |
| Net Income | $76.7M | $62.8M | $53.6M | $60.7M | $140.5M | $154.6M | $39.2M |
| Net Margin | 10.8% | 8.8% | 7.0% | 6.8% | 10.8% | 16.1% | 8.1% |
| EPS (Basic) | $0.36 | $0.29 | $0.25 | $0.28 | $0.67 | $0.74 | $0.19 |
| EPS (Diluted) | $0.35 | $0.29 | $0.24 | $0.28 | $0.64 | $0.74 | $0.19 |
| Shares Outstanding (Basic) | 215.2M | 215.1M | 216.9M | 214.5M | 208.8M | 208.1M | 208.1M |
| Shares Outstanding (Diluted) | 217.3M | 215.6M | 219.7M | 220.6M | 219.8M | 208.1M | 208.1M |
| Dividends Per Share | — | — | — | — | — | — | — |