Cricut, Inc. (CRCT) Form 10-Q — Nov 3, 2026
Cricut reported Q3 2026 revenue of $188.6M, up 11% year over year, with net income of $27.8M ($0.13 diluted EPS) versus $20.5M ($0.10) a year ago, driven by a 17% jump in Products revenue on new machine launches and a Platform gross margin of 90%. Margin gains were helped by a one-time $20.3M IEEPA tariff refund received after the Supreme Court struck down the tariffs, of which $18.8M reduced product cost of revenue. Nine-month revenue was flat at $504.4M as first-half Products weakness offset Platform growth, though nine-month net income rose 27% to $87.2M.
Key figures
- Eps
- 0.13
- Revenue
- 188622000
- Net Income
- 27842000
- Revenue Yoy
- 11%
- Total Assets
- 650573000
- Cash Position
- 174578000
- Active users
- 5.99 million
- Paid subscribers
- 3.07 million
- Ceo 10b5 1 shares
- up to 5,104,362 shares
- Platform arpu ttm
- $56.70 vs $54.88
- Available revolver
- $300.0M
- Nine month revenue
- $504.4M (flat vs $505.2M prior year)
- Platform revenue q3
- $85.9M (+4%)
- Products revenue q3
- $102.7M (+17%)
- Ieepa tariff refunds
- $20.3M received in cash
- Buyback replenishment
- $50 million
- Nine month net income
- $87.2M vs $68.9M prior year
- Nine month eps diluted
- $0.41 vs $0.32
- Operating cash flow 9m
- $100.9M
- Products gross margin q3
- 31% vs 23%
- Special dividend declared
- $0.70 per share
- Semi annual dividend declared
- $0.10 per share
AI analysis
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