← Cricut, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue: | ||||||||
| Cost of Revenue | $344.2m | $626.7m | $848.8m | $536.4m | $421.9m | $359.8m | $318.3m | |
| Gross profit | $142.3m | $332.4m | $457.4m | $349.9m | $343.3m | $352.8m | $390.4m | |
| Research and development | $26.7m | $38.9m | $79.8m | $76.9m | $65.0m | $60.4m | $66.5m | |
| Total operating expenses | $88.8m | $131.9m | $265.0m | $269.9m | $273.3m | $276.7m | $294.4m | |
| Income from operations | $53.6m | $200.5m | $192.4m | $80.0m | $70.0m | $76.1m | $96.0m | |
| Sales and marketing | $40.1m | $63.3m | $134.0m | $130.4m | $123.2m | $143.3m | $159.4m | |
| General and administrative | $22.0m | $29.6m | $51.3m | $62.6m | $85.1m | $73.0m | $68.5m | |
| Interest income | — | — | $181k | $1.8m | $8.0m | $11.0m | $11.4m | |
| Other income | — | — | $85k | $508k | $2.1m | $2.1m | $1.0m | |
| Provision for income taxes | $11.1m | $44.6m | $51.9m | $21.3m | $26.1m | $26.0m | $31.2m | |
| Change in net unrealized gains (losses) on marketable securities, net of tax | — | $0 | $0 | ($300k) | $711k | ($136k) | ($251k) | |
| Change in foreign currency translation adjustment, net of tax | ($28k) | $37k | ($64k) | ($120k) | $41k | ($147k) | $423k | |
| Comprehensive income | $39.2m | $154.6m | $140.4m | $60.2m | $54.4m | $62.5m | $76.9m | |
| Total other income, net | — | — | ($32k) | $2.0m | $9.8m | $12.8m | $11.9m | |
| Income before provision for income taxes | $50.3m | $199.2m | $192.4m | $82.0m | $79.8m | $88.9m | $107.9m | |
| Net income | $39.2m | $154.6m | $140.5m | $60.7m | $53.6m | $62.8m | $76.7m | |
| Earnings per share, basic (in dollars per share) | $0.19 | $0.74 | $0.67 | $0.28 | $0.25 | $0.29 | $0.36 | |
| Earnings per share, diluted (in dollars per share) | $0.19 | $0.74 | $0.64 | $0.28 | $0.24 | $0.29 | $0.35 | |
| Weighted-average common shares outstanding, basic (in shares) | 208.1m | 208.1m | 208.8m | 214.5m | 216.9m | 215.1m | 215.2m | |
| Weighted-average common shares outstanding, diluted (in shares) | 208.1m | 208.1m | 219.8m | 220.6m | 219.7m | 215.6m | 217.3m | |
| Interest expense | — | — | ($298k) | ($289k) | ($323k) | ($326k) | ($567k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.