Cricut, Inc. (CRCT) Form 10-Q — Aug 4, 2026

$CRCTForm 10-QFiled Aug 4, 2026, 7:11 PM ET0001828962-26-000049Original filing

Cricut's fiscal Q2 2026 revenue fell 9% year over year to $156.3 million, as Products segment sales dropped 22% on lower volumes and heavier promotional discounting, while Platform revenue grew 5% to $85.0 million on subscriber gains. Net income jumped 59% to $39.1 million, or $0.19 diluted EPS versus $0.11 a year ago, but the surge leaned on one-time items: a $20.3 million IEEPA tariff refund approved by CBP and a $6.4 million release of a legal accrual from a settled royalties dispute.

Key figures

Eps: $0.19 diluted Q2 2026 (vs $0.11 prior year); $0.28 six months
Revenue: $156.3 million Q2 2026; $315.8 million six months ended June 30, 2026
Net Income: $39.1 million Q2 2026 (vs $24.5 million prior year); $59.4 million six months
Total Debt: 0
Revenue Yoy: -9% Q2 YoY; -6% six-month YoY
Total Assets: $585.7 million
Cash Position: $266.9 million cash and cash equivalents plus $19.4 million marketable securities
Shares Outstanding: 209,369,360 total as of June 30, 2026 (54,587,044 Class A + 154,782,316 Class B)
Revolver: $300.0 million undrawn; facility matures August 4, 2027
H1 buybacks: 4,507,672 Class A shares for $19.7 million; $21.6 million remaining under $50 million authorization
Active users: 5.969 million (vs 5.901 million year-ago)
Platform arpu: $56.37 (vs $53.84 year-ago)
Paid subscribers: 3.103 million (vs 3.010 million year-ago)
Dividend declared: $0.10/share semi-annual, $24.3 million aggregate, paid July 21, 2026
Platform revenue q2: $85.0 million (+5% YoY)
Products revenue q2: $71.3 million (-22% YoY)
Legal accrual release: $6.4 million (royalties dispute settlement)
H1 operating cash flow: $77.2 million (vs $97.3 million prior year)
Gross margin q2 platform: 93%
Gross margin q2 products: 52%
Ieepa tariff refund total: $20.3 million (incl. $17.9M cost-of-revenue benefit, $1.7M inventory reduction, $0.7M interest income)
Tariff refund cash received: $16.8 million ($3.5 million receivable remaining)

Price after filing

1 day: +3.0%7 days: +28.4%30 days: +23.9%

Close on the filing date to close N calendar days later (from $4.65). Historical, not a forecast.

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