Cricut Inc
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 5, 2025
CRCT$8.67-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income
(in thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Platform | $312,976 | $309,012 | $278,646 |
| Products | 399,562 | 456,135 | 607,650 |
| Total revenue | 712,538 | 765,147 | 886,296 |
| Cost of revenue: | |||
| Platform | 37,288 | 32,804 | 26,676 |
| Products | 322,462 | 389,050 | 509,727 |
| Total cost of revenue | 359,750 | 421,854 | 536,403 |
| Gross profit | 352,788 | 343,293 | 349,893 |
| Operating expenses: | |||
| Research and development | 60,399 | 65,048 | 76,914 |
| Sales and marketing | 143,294 | 123,169 | 130,379 |
| General and administrative | 72,985 | 85,091 | 62,647 |
| Total operating expenses | 276,678 | 273,308 | 269,940 |
| Income from operations | 76,110 | 69,985 | 79,953 |
| Other income (expense): | |||
| Interest income | 11,016 | 7,976 | 1,809 |
| Interest expense | (326) | (323) | (289) |
| Other income | 2,077 | 2,145 | 508 |
| Total other income, net | 12,767 | 9,798 | 2,028 |
| Income before provision for income taxes | 88,877 | 79,783 | 81,981 |
| Provision for income taxes | 26,047 | 26,147 | 21,315 |
| Net income | $62,830 | $53,636 | $60,666 |
| Other comprehensive income (losses): | |||
| Change in net unrealized gains (losses) on marketable securities, net of tax | (136) | 711 | (300) |
| Change in foreign currency translation adjustment | (147) | 41 | (120) |
| Comprehensive income | $62,547 | $54,388 | $60,246 |
| Earnings per share, basic | $0.29 | $0.25 | $0.28 |
| Earnings per share, diluted | $0.29 | $0.24 | $0.28 |
| Weighted-average common shares outstanding, basic | 215,105,815 | 216,892,525 | 214,458,284 |
| Weighted-average common shares outstanding, diluted | 215,645,506 | 219,722,063 | 220,588,789 |
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