Cricut, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $708.8M | $712.5M | $881.3M | $1.01B | $1.30B | $954.5M | $486.3M | $340.2M |
| Connected Machines | — | — | $213.9M | $320.7M | $558.5M | $444.1M | $187.6M | $122.2M |
| Subscriptions | — | — | $305.6M | $266.4M | $188.0M | $109.2M | $53.8M | $27.5M |
| Accessories and Materials | — | — | $361.8M | $418.7M | $554.8M | $401.2M | $245.0M | $190.4M |
| 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% | 39.0% | 34.8% | 35.2% | 34.8% | 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% | 7.9% | 7.9% | 14.8% | 21.0% | 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% | 6.1% | 6.0% | 10.8% | 16.2% | 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 | — | — | — | — | — | — | — | — |