Cricut Inc
NASDAQ:CRCT

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Cricut Inc
NASDAQ:CRCT
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Price: 5.48 USD 9.6%
Market Cap: 1.2B USD
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Income Statement

Earnings Waterfall
Cricut Inc

Revenue
734.5m USD
Cost of Revenue
-378.6m USD
Gross Profit
355.8m USD
Operating Expenses
-277.1m USD
Operating Income
78.8m USD
Other Expenses
-16.6m USD
Net Income
62.2m USD

Income Statement
Cricut Inc

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Income Statement
Currency: USD
Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
487
N/A
524
+8%
665
+27%
762
+15%
959
+26%
1 139
+19%
1 238
+9%
1 289
+4%
1 306
+1%
1 227
-6%
1 077
-12%
993
-8%
886
-11%
823
-7%
817
-1%
815
0%
765
-6%
751
-2%
741
-1%
734
-1%
Gross Profit
Cost of Revenue
(344)
(376)
(476)
(514)
(627)
(731)
(774)
(812)
(849)
(791)
(685)
(622)
(536)
(495)
(487)
(485)
(422)
(393)
(381)
(379)
Gross Profit
142
N/A
148
+4%
190
+28%
248
+31%
332
+34%
408
+23%
465
+14%
477
+3%
458
-4%
436
-5%
391
-10%
371
-5%
350
-6%
328
-6%
330
+1%
330
+0%
343
+4%
358
+4%
360
+1%
356
-1%
Operating Income
Operating Expenses
(88)
(98)
(105)
(115)
(132)
(160)
(199)
(231)
(265)
(277)
(276)
(276)
(267)
(269)
(272)
(265)
(263)
(274)
(269)
(277)
Selling, General & Administrative
(61)
(68)
(73)
(80)
(93)
(115)
(141)
(163)
(185)
(192)
(192)
(194)
(190)
(191)
(198)
(195)
(198)
(202)
(199)
(208)
Research & Development
(27)
(30)
(33)
(35)
(39)
(45)
(57)
(68)
(80)
(85)
(84)
(82)
(77)
(74)
(70)
(68)
(65)
(62)
(60)
(59)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
(3)
(3)
0
(10)
(10)
(10)
Operating Income
54
N/A
51
-6%
84
+66%
133
+57%
201
+51%
248
+24%
266
+7%
246
-7%
192
-22%
159
-17%
115
-28%
95
-18%
83
-12%
59
-29%
58
-1%
65
+11%
80
+24%
85
+6%
92
+8%
79
-14%
Pre-Tax Income
Interest Income Expense
(3)
(3)
(3)
(2)
(1)
(1)
(0)
(0)
0
0
0
0
0
0
0
0
8
10
13
16
Non-Reccuring Items
(1)
0
0
(0)
(0)
0
0
0
0
0
0
0
(3)
0
0
0
(10)
0
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
1
2
4
8
9
2
1
(3)
(4)
Pre-Tax Income
50
N/A
48
-5%
82
+71%
130
+60%
199
+53%
247
+24%
266
+8%
246
-7%
192
-22%
159
-17%
115
-28%
95
-17%
82
-14%
64
-23%
66
+4%
74
+12%
80
+8%
95
+19%
102
+7%
91
-11%
Net Income
Tax Provision
(11)
(10)
(18)
(29)
(45)
(56)
(61)
(56)
(52)
(45)
(36)
(34)
(21)
(17)
(18)
(21)
(26)
(31)
(34)
(29)
Income from Continuing Operations
39
37
63
101
155
191
205
190
141
115
79
62
61
46
48
53
54
64
68
62
Net Income (Common)
39
N/A
37
-5%
63
+70%
101
+60%
155
+53%
191
+23%
205
+7%
190
-7%
141
-26%
115
-19%
79
-31%
62
-22%
61
-1%
46
-24%
48
+5%
53
+10%
54
+1%
64
+20%
68
+6%
62
-8%
EPS (Diluted)
0.18
N/A
0.17
-6%
0.29
+71%
0.46
+59%
0.7
+52%
0.91
+30%
0.94
+3%
0.84
-11%
0.64
-24%
0.51
-20%
0.35
-31%
0.28
-20%
0.28
N/A
0.21
-25%
0.22
+5%
0.24
+9%
0.24
N/A
0.29
+21%
0.31
+7%
0.29
-6%

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