Cricut Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
CRCT$8.67-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (unaudited)
Condensed Consolidated Balance Sheets
(in thousands, except share and per share )
| As of September 30, 2024 | As of December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $142,376 | $142,187 |
| Marketable securities | 104,566 | 102,952 |
| Accounts receivable, net | 93,302 | 111,247 |
| Inventories | 167,503 | 244,469 |
| Prepaid expenses and other current assets | 33,010 | 19,114 |
| Total current assets | 540,757 | 619,969 |
| Property and equipment, net | 39,792 | 47,614 |
| Operating lease right-of-use asset | 9,047 | 12,353 |
| Deferred tax assets | 46,839 | 34,823 |
| Other assets | 27,330 | 35,363 |
| Total assets | $663,765 | $750,122 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $45,524 | $76,860 |
| Accrued expenses and other current liabilities | 77,437 | 71,933 |
| Deferred revenue, current portion | 43,376 | 40,304 |
| Operating lease liabilities, current portion | 4,595 | 5,230 |
| Dividends payable, current portion | 379 | 2,137 |
| Total current liabilities | 171,311 | 196,464 |
| Operating lease liabilities, net of current portion | 5,864 | 8,938 |
| Deferred revenue, net of current portion | 2,530 | 2,931 |
| Other non-current liabilities | 8,224 | 6,916 |
| Total liabilities | 187,929 | 215,249 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity: | ||
| Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding as of September 30, 2024 and December 31, 2023. | — | — |
| Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of September 30, 2024, 214,422,477 shares issued and outstanding as of September 30, 2024; 1,250,000,000 shares authorized as of December 31, 2023, 217,915,713 shares issued and outstanding as of December 31, 2023. | 214 | 218 |
| Additional paid-in capital | 463,717 | 505,864 |
| Retained earnings | 11,488 | 28,514 |
| Accumulated other comprehensive income | 417 | 277 |
| Total stockholders’ equity | 475,836 | 534,873 |
| Total liabilities and stockholders’ equity | $663,765 | $750,122 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.