Cricut (CRCT) Financials

$4.80 0.00 (0.00%)

Closing price 04/15/2025 04:00 PM Eastern

Extended Trading

$4.80 +0.00 (+0.10%)

As of 04/15/2025 04:05 PM Eastern

Annual Income Statements for Cricut

This table shows Cricut's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	39	155	140	61	54	63
Consolidated Net Income / (Loss)	39	155	140	61	54	63
Net Income / (Loss) Continuing Operations	39	155	140	61	54	63
Total Pre-Tax Income	50	199	192	82	80	89
Total Operating Income	54	201	192	80	70	76
Total Gross Profit	142	332	457	350	343	353
Total Revenue	487	959	1,306	886	765	713
Operating Revenue	487	959	1,306	886	765	713
Total Cost of Revenue	344	627	849	536	422	360
Operating Cost of Revenue	344	627	849	536	422	360
Total Operating Expenses	89	132	265	270	273	277
Selling, General & Admin Expense	22	30	51	63	85	73
Marketing Expense	40	63	134	130	123	143
Research & Development Expense	27	39	80	77	65	60
Total Other Income / (Expense), net	-3.29	-1.32	-0.25	2.03	9.80	13
Interest Expense	-	-	0.30	0.29	0.32	0.33
Interest & Investment Income	-	-	-	1.81	7.98	11
Other Income / (Expense), net	-3.29	-1.32	0.05	0.51	2.15	2.08
Income Tax Expense	11	45	52	21	26	26
Basic Earnings per Share	$0.19	$0.74	$0.67	$0.28	$0.25	$0.29
Weighted Average Basic Shares Outstanding	208.12M	208.12M	208.83M	214.46M	216.89M	215.11M
Diluted Earnings per Share	$0.19	$0.74	$0.64	$0.28	$0.24	$0.29
Weighted Average Diluted Shares Outstanding	208.12M	208.12M	219.78M	220.59M	219.72M	215.65M
Weighted Average Basic & Diluted Shares Outstanding	-	-	221.94M	219.42M	216.80M	212.54M

This table shows Cricut's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	12	11	9.10	16	17	11	20	20	11	12
Consolidated Net Income / (Loss)	12	11	9.10	16	17	11	20	20	11	12
Net Income / (Loss) Continuing Operations	12	11	9.10	16	17	11	20	20	11	12
Total Pre-Tax Income	18	13	13	23	26	18	28	30	14	17
Total Operating Income	17	11	11	19	24	17	25	26	11	14
Total Gross Profit	82	84	77	88	82	97	92	90	77	94
Total Revenue	177	281	181	178	175	231	167	168	168	209
Operating Revenue	177	281	181	178	175	231	167	168	168	209
Total Cost of Revenue	95	197	105	90	93	134	76	78	91	115
Operating Cost of Revenue	95	197	105	90	93	134	76	78	91	115
Total Operating Expenses	64	73	66	68	58	81	66	63	67	80
Selling, General & Admin Expense	17	18	19	23	14	30	19	16	16	22
Marketing Expense	29	37	30	29	28	36	33	33	35	42
Research & Development Expense	19	18	18	16	16	15	15	14	15	16
Total Other Income / (Expense), net	0.24	1.51	2.32	3.69	1.83	1.96	3.09	3.36	3.57	2.76
Interest Expense	-	-	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Interest & Investment Income	-	-	1.75	3.12	1.34	1.77	2.42	3.05	2.72	2.83
Other Income / (Expense), net	0.24	-0.01	0.64	0.65	0.57	0.28	0.75	0.39	0.93	0.01
Income Tax Expense	5.21	1.72	3.75	6.92	8.29	7.20	8.64	10	2.67	4.71
Basic Earnings per Share	$0.06	$0.05	$0.04	$0.07	$0.08	$0.06	$0.09	$0.09	$0.05	$0.06
Weighted Average Basic Shares Outstanding	215.35M	214.46M	215.59M	216.96M	217.74M	216.89M	215.55M	216.42M	214.77M	215.11M
Diluted Earnings per Share	$0.06	$0.05	$0.04	$0.07	$0.08	$0.05	$0.09	$0.09	$0.05	$0.06
Weighted Average Diluted Shares Outstanding	220.35M	220.59M	218.75M	219.92M	220.42M	219.72M	216.87M	217.50M	215.75M	215.65M
Weighted Average Basic & Diluted Shares Outstanding	220.82M	219.42M	219.22M	219.83M	219.17M	216.80M	216.71M	216.37M	214.45M	212.54M

This table details how cash moves in and out of Cricut's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	0.64	116	119	-17	-83	90
Net Cash From Operating Activities	3.86	248	-105	118	288	265
Net Cash From Continuing Operating Activities	3.86	252	-105	118	288	265
Net Income / (Loss) Continuing Operations	39	155	140	61	54	63
Consolidated Net Income / (Loss)	39	155	140	61	54	63
Depreciation Expense	9.18	14	19	27	30	29
Non-Cash Adjustments To Reconcile Net Income	8.50	17	48	59	88	47
Changes in Operating Assets and Liabilities, net	-53	67	-313	-29	116	126
Net Cash From Investing Activities	-14	-22	-36	-108	-49	-18
Net Cash From Continuing Investing Activities	-14	-22	-36	-108	-49	-18
Purchase of Property, Plant & Equipment	-14	-22	-36	-34	-24	-18
Purchase of Investments	-	0.00	0.00	-180	-63	-111
Sale and/or Maturity of Investments	-	0.00	0.00	106	38	111
Net Cash From Financing Activities	11	-111	260	-26	-322	-156
Net Cash From Continuing Financing Activities	11	-111	260	-26	-322	-156
Repayment of Debt	-492	-286	-0.22	-1.31	0.00	0.00
Repurchase of Common Equity	-0.73	-3.04	0.00	-19	-20	-38
Payment of Dividends	0.00	-51	0.00	0.00	-294	-110
Other Financing Activities, net	1.17	1.01	-1.55	-6.35	-7.72	-7.97
Effect of Exchange Rate Changes	-0.03	0.09	-0.13	-0.22	0.11	-0.25
Cash Interest Paid	3.30	1.31	0.01	0.00	0.00	0.00
Cash Income Taxes Paid	6.65	42	81	29	24	44

This table details how cash moves in and out of Cricut's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-24	101	7.38	54	-214	70	37	17	-53	90
Net Cash From Operating Activities	-12	117	95	64	36	92	57	35	70	103
Net Cash From Continuing Operating Activities	-12	117	95	64	36	92	57	35	70	103
Net Income / (Loss) Continuing Operations	12	11	9.10	16	17	11	20	20	11	12
Consolidated Net Income / (Loss)	12	11	9.10	16	17	11	20	20	11	12
Depreciation Expense	7.71	7.12	6.89	7.49	7.69	7.97	7.50	7.60	7.21	6.70
Non-Cash Adjustments To Reconcile Net Income	15	18	22	23	17	27	13	7.57	16	10
Changes in Operating Assets and Liabilities, net	-47	81	57	18	-5.83	46	16	0.02	36	74
Net Cash From Investing Activities	0.56	-6.86	-7.74	-5.08	-31	-4.78	-5.12	-4.85	-4.47	-3.89
Net Cash From Continuing Investing Activities	0.56	-6.86	-7.74	-5.08	-31	-4.78	-5.12	-4.85	-4.47	-3.89
Purchase of Property, Plant & Equipment	-9.14	-6.86	-7.74	-5.08	-6.12	-4.78	-5.12	-4.85	-4.48	-3.89
Net Cash From Financing Activities	-12	-9.59	-80	-5.53	-219	-18	-15	-14	-119	-9.03
Net Cash From Continuing Financing Activities	-12	-9.59	-80	-5.53	-219	-18	-15	-14	-119	-9.03
Repurchase of Common Equity	-9.97	-8.60	-3.24	-0.97	-0.35	-16	-11	-9.31	-10	-8.01
Payment of Dividends	-	-	-76	-0.28	-218	-0.31	-1.44	-0.11	-108	-0.20
Other Financing Activities, net	-0.35	-0.98	-1.30	-4.29	-0.36	-1.78	-2.41	-4.13	-0.60	-0.83
Effect of Exchange Rate Changes	-0.15	0.16	0.03	-0.03	-0.10	0.21	-0.12	-0.01	0.27	-0.39
Cash Income Taxes Paid	12	11	0.12	12	9.50	2.48	0.15	30	4.51	8.70

This table presents Cricut's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Total Assets	581	1,006	950	750	693
Total Current Assets	539	928	811	620	580
Cash & Equivalents	122	242	225	142	232
Short-Term Investments	-	0.00	74	103	105
Accounts Receivable	163	200	137	111	102
Inventories, net	249	454	352	244	115
Prepaid Expenses	4.92	33	24	19	26
Plant, Property, & Equipment, net	33	53	63	48	38
Total Noncurrent Assets	9.15	25	75	83	75
Intangible Assets	2.28	1.52	0.76	0.00	0.00
Noncurrent Deferred & Refundable Income Taxes	3.12	3.26	24	35	39
Other Noncurrent Operating Assets	3.75	20	50	48	36
Total Liabilities & Shareholders' Equity	581	1,006	950	750	693
Total Liabilities	352	332	277	215	226
Total Current Liabilities	347	308	254	196	203
Accounts Payable	252	205	63	77	53
Dividends Payable	-	0.00	81	2.14	24
Current Deferred Revenue	24	31	35	40	45
Other Current Liabilities	71	73	75	77	80
Total Noncurrent Liabilities	5.98	24	23	19	23
Noncurrent Deferred Revenue	2.76	4.86	3.79	2.93	2.83
Other Noncurrent Operating Liabilities	3.22	19	19	16	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	229	674	673	535	467
Total Preferred & Common Equity	229	674	673	535	467
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	229	674	673	535	467
Common Stock	413	718	673	506	467
Retained Earnings	-184	-44	0.00	29	0.00
Accumulated Other Comprehensive Income / (Loss)	0.01	-0.06	-0.48	0.28	-0.01

This table presents Cricut's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	920	846	898	719	724	742	664
Total Current Assets	803	707	763	586	596	611	541
Cash & Equivalents	124	232	286	73	179	196	142
Short-Term Investments	74	75	75	101	103	104	105
Accounts Receivable	88	90	89	92	78	84	93
Inventories, net	484	294	294	304	225	192	168
Prepaid Expenses	34	16	19	16	11	36	33
Plant, Property, & Equipment, net	63	61	58	58	45	42	40
Total Noncurrent Assets	53	78	77	75	83	89	83
Noncurrent Deferred & Refundable Income Taxes	3.28	27	31	36	39	44	47
Other Noncurrent Operating Assets	49	51	45	39	44	45	36
Total Liabilities & Shareholders' Equity	920	846	898	719	724	742	664
Total Liabilities	177	152	416	193	171	294	188
Total Current Liabilities	154	130	395	174	153	276	171
Accounts Payable	71	38	67	80	45	34	46
Dividends Payable	-	0.98	235	2.25	0.81	122	0.38
Current Deferred Revenue	29	39	40	38	44	45	43
Other Current Liabilities	53	52	54	54	63	75	82
Total Noncurrent Liabilities	23	22	21	19	18	17	17
Noncurrent Deferred Revenue	3.53	3.22	2.81	2.61	2.72	2.60	2.53
Other Noncurrent Operating Liabilities	20	19	18	16	15	15	14
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	743	694	482	526	553	449	476
Total Preferred & Common Equity	743	694	482	526	553	449	476
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	743	694	482	526	553	449	476
Common Stock	737	685	483	510	505	448	464
Retained Earnings	6.22	9.10	0.00	17	48	0.00	11
Accumulated Other Comprehensive Income / (Loss)	-0.37	-0.27	-0.64	-0.62	-0.10	0.14	0.42

This table displays calculated financial ratios and metrics derived from Cricut's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	97.11%	36.20%	-32.15%	-13.67%	-6.88%
EBITDA Growth	0.00%	258.83%	-0.69%	-49.29%	-4.89%	4.92%
EBIT Growth	0.00%	296.26%	-3.38%	-58.19%	-10.35%	8.40%
NOPAT Growth	0.00%	272.44%	-9.71%	-57.89%	-20.48%	14.36%
Net Income Growth	0.00%	294.22%	-9.12%	-56.81%	-11.59%	17.14%
EPS Growth	0.00%	289.47%	-13.51%	-56.25%	-14.29%	20.83%
Operating Cash Flow Growth	0.00%	6,329.09%	-142.28%	212.13%	144.81%	-8.03%
Free Cash Flow Firm Growth	0.00%	0.00%	-478.74%	120.10%	462.75%	-8.62%
Invested Capital Growth	0.00%	0.00%	305.19%	5.07%	-35.76%	-47.15%
Revenue Q/Q Growth	0.00%	0.00%	1.31%	-10.78%	-6.08%	-2.99%
EBITDA Q/Q Growth	0.00%	0.00%	-19.58%	-11.32%	4.65%	-3.76%
EBIT Q/Q Growth	0.00%	0.00%	-21.79%	-15.54%	5.39%	-3.59%
NOPAT Q/Q Growth	0.00%	0.00%	-26.07%	-3.62%	1.16%	-0.33%
Net Income Q/Q Growth	0.00%	0.00%	-26.07%	-1.67%	0.75%	1.03%
EPS Q/Q Growth	0.00%	0.00%	-27.27%	0.00%	0.00%	3.57%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-47.88%	328.34%	-7.98%	4.34%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	168.77%	-11.36%	6.58%
Invested Capital Q/Q Growth	0.00%	0.00%	0.74%	-16.60%	-17.76%	-32.72%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	29.26%	34.66%	35.02%	39.48%	44.87%	49.51%
EBITDA Margin	12.22%	22.24%	16.22%	12.12%	13.35%	15.04%
Operating Margin	11.01%	20.91%	14.73%	9.02%	9.15%	10.68%
EBIT Margin	10.33%	20.77%	14.73%	9.08%	9.43%	10.97%
Profit (Net Income) Margin	8.06%	16.12%	10.75%	6.84%	7.01%	8.82%
Tax Burden Percent	78.00%	77.60%	73.02%	74.00%	67.23%	70.69%
Interest Burden Percent	100.00%	100.00%	99.96%	101.89%	110.61%	113.67%
Effective Tax Rate	22.00%	22.40%	26.98%	26.00%	32.77%	29.31%
Return on Invested Capital (ROIC)	0.00%	291.64%	52.12%	13.35%	12.61%	24.12%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	293.31%	52.14%	12.69%	9.76%	20.87%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-156.59%	-21.01%	-4.34%	-3.73%	-11.58%
Return on Equity (ROE)	0.00%	135.05%	31.12%	9.01%	8.88%	12.55%
Cash Return on Invested Capital (CROIC)	0.00%	91.64%	-68.70%	8.40%	56.15%	85.82%
Operating Return on Assets (OROA)	0.00%	34.26%	24.24%	8.23%	8.49%	10.84%
Return on Assets (ROA)	0.00%	26.59%	17.70%	6.20%	6.31%	8.71%
Return on Common Equity (ROCE)	0.00%	135.05%	31.12%	9.01%	8.88%	12.55%
Return on Equity Simple (ROE_SIMPLE)	0.00%	67.52%	20.84%	9.02%	10.03%	13.46%
Net Operating Profit after Tax (NOPAT)	42	156	140	59	47	54
NOPAT Margin	8.59%	16.23%	10.76%	6.68%	6.15%	7.55%
Net Nonoperating Expense Percent (NNEP)	0.00%	-1.68%	-0.01%	0.65%	2.86%	3.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	8.79%	8.80%	11.53%
Cost of Revenue to Revenue	70.74%	65.34%	64.98%	60.52%	55.13%	50.49%
SG&A Expenses to Revenue	4.52%	3.09%	3.92%	7.07%	11.12%	10.24%
R&D to Revenue	5.48%	4.06%	6.11%	8.68%	8.50%	8.48%
Operating Expenses to Revenue	18.25%	13.75%	20.29%	30.46%	35.72%	38.83%
Earnings before Interest and Taxes (EBIT)	50	199	192	80	72	78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	59	213	212	107	102	107
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.34	5.91	2.43	2.42	2.57
Price to Tangible Book Value (P/TBV)	0.00	1.35	5.93	2.43	2.42	2.57
Price to Revenue (P/Rev)	0.63	0.32	3.05	1.84	1.69	1.69
Price to Earnings (P/E)	7.81	1.98	28.37	26.90	24.12	19.13
Dividend Yield	0.00%	0.00%	0.00%	0.00%	22.87%	8.92%
Earnings Yield	12.80%	50.47%	3.53%	3.72%	4.15%	5.23%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.73	8.66	2.93	3.59	5.61
Enterprise Value to Revenue (EV/Rev)	0.00	0.19	2.87	1.50	1.37	1.21
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.86	17.67	12.41	10.26	8.07
Enterprise Value to EBIT (EV/EBIT)	0.00	0.92	19.45	16.57	14.54	11.06
Enterprise Value to NOPAT (EV/NOPAT)	0.00	1.18	26.64	22.53	22.29	16.07
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.74	0.00	11.33	3.64	3.26
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.77	0.00	35.80	5.01	4.52
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.53	-0.40	-0.34	-0.38	-0.55
Leverage Ratio	0.00	2.54	1.76	1.45	1.41	1.44
Compound Leverage Factor	0.00	2.54	1.76	1.48	1.56	1.64
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	3.26	9.80	5.45	5.67	5.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	1.56	3.01	3.19	3.16	2.85
Quick Ratio	0.00	0.82	1.43	1.72	1.81	2.16
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	49	-185	37	209	191
Operating Cash Flow to CapEx	27.39%	1,136.47%	-293.27%	348.47%	1,214.73%	1,445.23%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-621.38	128.81	648.59	587.20
Operating Cash Flow to Interest Expense	0.00	0.00	-352.18	407.21	891.94	812.79
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-472.27	290.35	818.51	756.55
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	1.65	1.65	0.91	0.90	0.99
Accounts Receivable Turnover	0.00	5.89	7.21	5.27	6.18	6.68
Inventory Turnover	0.00	2.52	2.42	1.33	1.42	2.00
Fixed Asset Turnover	0.00	28.68	30.13	15.19	13.78	16.73
Accounts Payable Turnover	0.00	2.49	3.72	4.00	6.02	5.52
Days Sales Outstanding (DSO)	0.00	62.01	50.64	69.20	59.10	54.61
Days Inventory Outstanding (DIO)	0.00	144.88	151.14	274.18	257.90	182.49
Days Payable Outstanding (DPO)	0.00	146.58	98.13	91.15	60.59	66.07
Cash Conversion Cycle (CCC)	0.00	60.31	103.65	252.22	256.41	171.03
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	107	432	454	292	154
Invested Capital Turnover	0.00	17.97	4.85	2.00	2.05	3.19
Increase / (Decrease) in Invested Capital	0.00	107	326	22	-162	-138
Enterprise Value (EV)	0.00	184	3,743	1,333	1,049	865
Market Capitalization	306	306	3,985	1,632	1,294	1,202
Book Value per Share	$0.00	$1.10	$3.03	$3.05	$2.44	$2.18
Tangible Book Value per Share	$0.00	$1.09	$3.02	$3.04	$2.44	$2.18
Total Capital	0.00	229	674	673	535	467
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-122	-242	-299	-245	-337
Capital Expenditures (CapEx)	14	22	36	34	24	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	70	378	258	178	40
Debt-free Net Working Capital (DFNWC)	0.00	192	620	557	424	377
Net Working Capital (NWC)	0.00	192	620	557	424	377
Net Nonoperating Expense (NNE)	2.57	1.02	0.02	-1.50	-6.59	-9.03
Net Nonoperating Obligations (NNO)	0.00	-122	-242	-218	-243	-313
Total Depreciation and Amortization (D&A)	9.18	14	19	27	30	29
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	7.31%	28.95%	29.11%	23.31%	5.60%
Debt-free Net Working Capital to Revenue	0.00%	20.05%	47.44%	62.87%	55.35%	52.89%
Net Working Capital to Revenue	0.00%	20.05%	47.44%	62.87%	55.35%	52.89%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.67	$0.28	$0.25	$0.29
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	208.83M	214.46M	216.89M	215.11M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.64	$0.28	$0.24	$0.29
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	219.78M	220.59M	219.72M	215.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	221.94M	219.42M	216.80M	212.54M
Normalized Net Operating Profit after Tax (NOPAT)	42	156	140	59	47	54
Normalized NOPAT Margin	8.59%	16.23%	10.76%	6.68%	6.15%	7.55%
Pre Tax Income Margin	10.33%	20.77%	14.73%	9.25%	10.43%	12.47%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	645.83	278.41	223.31	239.84
NOPAT to Interest Expense	0.00	0.00	471.46	204.72	145.66	165.04
EBIT Less CapEx to Interest Expense	0.00	0.00	525.75	161.56	149.89	183.60
NOPAT Less CapEx to Interest Expense	0.00	0.00	351.38	87.87	72.24	108.81
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	33.12%	0.00%	0.00%	548.38%	175.03%
Augmented Payout Ratio	1.86%	35.09%	0.00%	30.63%	586.29%	236.30%

This table displays calculated financial ratios and metrics derived from Cricut's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-31.95%	-27.61%	-25.96%	-3.26%	-1.18%	-17.64%	-7.63%	-5.52%	-4.01%	-9.49%
EBITDA Growth	-40.76%	-42.95%	-51.71%	3.57%	25.95%	36.07%	85.23%	25.64%	-41.34%	-16.89%
EBIT Growth	-53.26%	-57.17%	-64.39%	-2.20%	37.38%	51.55%	132.35%	34.75%	-52.47%	-17.34%
NOPAT Growth	-59.05%	-19.73%	-68.30%	-1.19%	30.24%	5.24%	134.68%	30.44%	-46.25%	-1.37%
Net Income Growth	-58.53%	-8.66%	-61.29%	15.89%	38.42%	3.65%	115.92%	23.37%	-33.31%	5.65%
EPS Growth	-53.85%	0.00%	-63.64%	16.67%	33.33%	0.00%	125.00%	28.57%	-37.50%	20.00%
Operating Cash Flow Growth	84.09%	336.05%	510.88%	2,604.59%	394.23%	-21.34%	-40.43%	-45.75%	92.88%	11.96%
Free Cash Flow Firm Growth	74.14%	96.06%	134.08%	184.26%	299.36%	1,496.86%	65.86%	-34.35%	-34.79%	-14.47%
Invested Capital Growth	26.92%	5.07%	-15.86%	-28.46%	-34.85%	-35.76%	-29.94%	-23.66%	-35.40%	-47.15%
Revenue Q/Q Growth	-3.68%	58.63%	-35.45%	-1.91%	-1.61%	32.21%	-27.61%	0.33%	-0.03%	24.67%
EBITDA Q/Q Growth	-4.09%	-28.25%	-10.74%	51.69%	16.64%	-22.48%	42.28%	2.89%	-45.54%	9.83%
EBIT Q/Q Growth	-13.24%	-37.21%	-14.82%	78.18%	21.87%	-30.73%	66.99%	3.34%	-57.02%	20.46%
NOPAT Q/Q Growth	-9.77%	-21.92%	-22.19%	80.26%	18.93%	-36.91%	73.51%	0.20%	-50.99%	15.76%
Net Income Q/Q Growth	-10.00%	-12.48%	-16.45%	76.11%	7.50%	-34.47%	74.05%	0.62%	-41.89%	3.81%
EPS Q/Q Growth	0.00%	-16.67%	-20.00%	75.00%	14.29%	-37.50%	80.00%	0.00%	-44.44%	20.00%
Operating Cash Flow Q/Q Growth	-380.99%	1,045.81%	-18.70%	-32.29%	-43.49%	152.85%	-38.43%	-38.33%	100.91%	46.76%
Free Cash Flow Firm Q/Q Growth	43.83%	88.04%	752.31%	92.22%	32.91%	-16.18%	-22.55%	-23.92%	32.02%	9.95%
Invested Capital Q/Q Growth	9.62%	-16.60%	-14.64%	-8.33%	-0.17%	-17.76%	-6.92%	-0.11%	-15.52%	-32.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.23%	29.78%	42.30%	49.31%	46.84%	41.96%	54.72%	53.49%	46.08%	44.91%
EBITDA Margin	14.33%	6.48%	9.96%	15.41%	18.27%	10.71%	19.98%	20.49%	11.16%	9.83%
Operating Margin	9.84%	3.95%	5.81%	10.83%	13.54%	7.14%	15.06%	15.74%	6.31%	6.63%
EBIT Margin	9.98%	3.95%	6.16%	11.20%	13.87%	7.27%	15.50%	15.97%	6.87%	6.63%
Profit (Net Income) Margin	7.03%	3.88%	5.02%	9.01%	9.85%	4.88%	11.74%	11.77%	6.84%	5.70%
Tax Burden Percent	70.48%	86.40%	70.84%	69.85%	67.51%	61.07%	69.45%	66.36%	81.12%	71.70%
Interest Burden Percent	100.00%	113.71%	114.99%	115.26%	105.19%	110.01%	109.00%	111.09%	122.85%	119.77%
Effective Tax Rate	29.52%	13.60%	29.16%	30.15%	32.49%	38.93%	30.55%	33.64%	18.88%	28.30%
Return on Invested Capital (ROIC)	14.15%	6.83%	7.98%	14.49%	16.56%	8.95%	23.83%	24.70%	12.87%	15.19%
ROIC Less NNEP Spread (ROIC-NNEP)	14.07%	6.26%	7.39%	13.05%	15.89%	8.43%	23.10%	23.24%	11.49%	14.47%
Return on Net Nonoperating Assets (RNNOA)	-4.25%	-2.14%	-2.91%	-3.86%	-4.62%	-3.22%	-10.88%	-7.59%	-4.79%	-8.03%
Return on Equity (ROE)	9.90%	4.69%	5.07%	10.63%	11.93%	5.73%	12.95%	17.12%	8.08%	7.16%
Cash Return on Invested Capital (CROIC)	-11.12%	8.40%	27.38%	43.22%	52.54%	56.15%	52.52%	46.34%	61.49%	85.82%
Operating Return on Assets (OROA)	10.43%	3.58%	5.60%	9.91%	13.79%	6.54%	14.84%	14.44%	7.29%	6.55%
Return on Assets (ROA)	7.35%	3.52%	4.56%	7.98%	9.79%	4.39%	11.23%	10.64%	7.27%	5.63%
Return on Common Equity (ROCE)	9.90%	4.69%	5.07%	10.63%	11.93%	5.73%	12.95%	17.12%	8.08%	7.16%
Return on Equity Simple (ROE_SIMPLE)	8.31%	0.00%	6.66%	10.05%	10.12%	0.00%	11.62%	15.14%	13.07%	0.00%
Net Operating Profit after Tax (NOPAT)	12	9.59	7.46	13	16	10	18	18	8.60	9.95
NOPAT Margin	6.94%	3.41%	4.12%	7.56%	9.14%	4.36%	10.46%	10.44%	5.12%	4.75%
Net Nonoperating Expense Percent (NNEP)	0.08%	0.57%	0.59%	1.44%	0.67%	0.52%	0.73%	1.47%	1.38%	0.71%
Return On Investment Capital (ROIC_SIMPLE)	-	1.43%	-	-	-	1.89%	-	-	-	2.13%
Cost of Revenue to Revenue	53.77%	70.22%	57.70%	50.69%	53.16%	58.04%	45.28%	46.51%	53.92%	55.09%
SG&A Expenses to Revenue	9.32%	6.42%	10.33%	12.74%	7.98%	12.87%	11.06%	9.37%	9.68%	10.75%
R&D to Revenue	10.59%	6.26%	9.82%	9.20%	9.10%	6.48%	8.87%	8.52%	9.08%	7.64%
Operating Expenses to Revenue	36.39%	25.83%	36.49%	38.48%	33.30%	34.82%	39.66%	37.75%	39.77%	38.28%
Earnings before Interest and Taxes (EBIT)	18	11	11	20	24	17	26	27	12	14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	25	18	18	27	32	25	33	34	19	21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.25	2.43	2.71	5.05	3.54	2.42	1.70	2.64	3.15	2.57
Price to Tangible Book Value (P/TBV)	2.25	2.43	2.71	5.06	3.54	2.42	1.70	2.64	3.15	2.57
Price to Revenue (P/Rev)	1.68	1.84	2.29	2.98	2.28	1.69	1.25	1.60	2.04	1.69
Price to Earnings (P/E)	27.04	26.90	40.70	50.29	34.95	24.12	14.65	17.41	24.11	19.13
Dividend Yield	0.00%	0.00%	4.08%	12.14%	15.95%	22.87%	31.13%	0.00%	7.22%	8.92%
Earnings Yield	3.70%	3.72%	2.46%	1.99%	2.86%	4.15%	6.83%	5.74%	4.15%	5.23%
Enterprise Value to Invested Capital (EV/IC)	2.70	2.93	4.06	5.84	4.75	3.59	2.42	3.26	5.46	5.61
Enterprise Value to Revenue (EV/Rev)	1.48	1.50	1.91	2.54	2.07	1.37	0.88	1.19	1.71	1.21
Enterprise Value to EBITDA (EV/EBITDA)	12.14	12.41	17.48	22.80	17.28	10.26	5.60	7.09	11.25	8.07
Enterprise Value to EBIT (EV/EBIT)	15.44	16.57	25.29	33.56	24.65	14.54	7.58	9.42	15.44	11.06
Enterprise Value to NOPAT (EV/NOPAT)	23.96	22.53	36.58	48.53	36.28	22.29	11.54	14.45	23.20	16.07
Enterprise Value to Operating Cash Flow (EV/OCF)	53.53	11.33	7.99	7.85	5.39	3.64	2.64	4.01	4.93	3.26
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	35.80	13.56	11.27	7.14	5.01	3.80	6.08	6.97	4.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.30	-0.34	-0.39	-0.30	-0.29	-0.38	-0.47	-0.33	-0.42	-0.55
Leverage Ratio	1.36	1.45	1.29	1.52	1.29	1.41	1.26	1.76	1.38	1.44
Compound Leverage Factor	1.36	1.65	1.49	1.76	1.36	1.55	1.37	1.96	1.70	1.73
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	7.65	5.21	9.27	4.99	7.76	5.43	5.28	4.08	6.64	4.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.22	3.19	5.42	1.93	3.37	3.16	3.90	2.21	3.16	2.85
Quick Ratio	1.86	1.72	3.05	1.14	1.53	1.81	2.35	1.39	1.99	2.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-103	-12	81	155	206	173	134	102	134	148
Operating Cash Flow to CapEx	-135.43%	1,706.81%	1,229.41%	1,267.56%	595.29%	1,928.19%	1,107.84%	721.42%	1,568.14%	2,648.59%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	1,019.89	1,935.91	2,541.16	2,078.73	1,649.80	1,270.84	1,597.85	1,821.89
Operating Cash Flow to Interest Expense	0.00	0.00	1,204.67	805.54	449.56	1,109.29	699.85	437.00	836.15	1,272.63
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	1,106.68	741.99	374.04	1,051.76	636.68	376.43	782.83	1,224.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.05	0.91	0.91	0.89	0.99	0.90	0.96	0.90	1.06	0.99
Accounts Receivable Turnover	8.60	5.27	7.72	9.63	9.05	6.18	8.94	8.60	7.92	6.68
Inventory Turnover	1.23	1.33	1.28	1.25	1.23	1.42	1.51	1.57	1.61	2.00
Fixed Asset Turnover	17.12	15.19	13.63	13.44	13.42	13.78	14.21	14.75	15.02	16.73
Accounts Payable Turnover	3.86	4.00	5.10	5.39	6.41	6.02	9.40	7.54	6.03	5.52
Days Sales Outstanding (DSO)	42.44	69.20	47.29	37.92	40.35	59.10	40.81	42.43	46.09	54.61
Days Inventory Outstanding (DIO)	295.73	274.18	286.24	291.77	296.39	257.90	240.98	233.06	227.06	182.49
Days Payable Outstanding (DPO)	94.57	91.15	71.54	67.73	56.97	60.59	38.84	48.44	60.51	66.07
Cash Conversion Cycle (CCC)	243.60	252.22	261.99	261.96	279.77	256.41	242.95	227.06	212.65	171.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	545	454	388	356	355	292	272	271	229	154
Invested Capital Turnover	2.04	2.00	1.94	1.92	1.81	2.05	2.28	2.37	2.51	3.19
Increase / (Decrease) in Invested Capital	116	22	-73	-141	-190	-162	-116	-84	-126	-138
Enterprise Value (EV)	1,471	1,333	1,575	2,076	1,687	1,049	659	883	1,252	865
Market Capitalization	1,669	1,632	1,883	2,437	1,861	1,294	940	1,183	1,499	1,202
Book Value per Share	$3.34	$3.05	$3.16	$2.20	$2.39	$2.44	$2.55	$2.07	$2.20	$2.18
Tangible Book Value per Share	$3.34	$3.04	$3.16	$2.20	$2.39	$2.44	$2.55	$2.07	$2.20	$2.18
Total Capital	743	673	694	482	526	535	553	449	476	467
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-198	-299	-307	-361	-174	-245	-282	-299	-247	-337
Capital Expenditures (CapEx)	9.14	6.86	7.74	5.08	6.12	4.78	5.12	4.85	4.48	3.89
Debt-free, Cash-free Net Working Capital (DFCFNWC)	451	258	269	6.36	238	178	161	35	123	40
Debt-free Net Working Capital (DFNWC)	649	557	577	368	412	424	443	335	369	377
Net Working Capital (NWC)	649	557	577	368	412	424	443	335	369	377
Net Nonoperating Expense (NNE)	-0.17	-1.30	-1.64	-2.58	-1.23	-1.20	-2.14	-2.23	-2.89	-1.98
Net Nonoperating Obligations (NNO)	-198	-218	-306	-127	-171	-243	-281	-177	-247	-313
Total Depreciation and Amortization (D&A)	7.71	7.12	6.89	7.49	7.69	7.97	7.50	7.60	7.21	6.70
Debt-free, Cash-free Net Working Capital to Revenue	45.43%	29.11%	32.72%	0.78%	29.24%	23.31%	21.46%	4.78%	16.68%	5.60%
Debt-free Net Working Capital to Revenue	65.36%	62.87%	70.08%	45.04%	50.55%	55.35%	58.95%	45.16%	50.30%	52.89%
Net Working Capital to Revenue	65.36%	62.87%	70.08%	45.04%	50.55%	55.35%	58.95%	45.16%	50.30%	52.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	$0.05	$0.04	$0.07	$0.08	$0.06	$0.09	$0.09	$0.05	$0.06
Adjusted Weighted Average Basic Shares Outstanding	215.35M	214.46M	215.59M	216.96M	217.74M	216.89M	215.55M	216.42M	214.77M	215.11M
Adjusted Diluted Earnings per Share	$0.06	$0.05	$0.04	$0.07	$0.08	$0.05	$0.09	$0.09	$0.05	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	220.35M	220.59M	218.75M	219.92M	220.42M	219.72M	216.87M	217.50M	215.75M	215.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	220.82M	219.42M	219.22M	219.83M	219.17M	216.80M	216.71M	216.37M	214.45M	212.54M
Normalized Net Operating Profit after Tax (NOPAT)	12	9.59	7.46	13	16	10	18	18	8.60	9.95
Normalized NOPAT Margin	6.94%	3.41%	4.12%	7.56%	9.14%	4.36%	10.46%	10.44%	5.12%	4.75%
Pre Tax Income Margin	9.98%	4.49%	7.09%	12.91%	14.59%	7.99%	16.90%	17.74%	8.44%	7.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	141.39	248.79	299.46	202.42	320.41	335.24	137.24	171.44
NOPAT to Interest Expense	0.00	0.00	94.42	168.07	197.42	121.55	216.11	219.24	102.33	122.84
EBIT Less CapEx to Interest Expense	0.00	0.00	43.41	185.24	223.94	144.89	257.23	274.66	83.92	123.40
NOPAT Less CapEx to Interest Expense	0.00	0.00	-3.57	104.52	121.90	64.02	152.93	158.67	49.00	74.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	163.27%	156.44%	551.89%	548.38%	342.82%	323.67%	177.01%	175.03%
Augmented Payout Ratio	15.91%	30.63%	210.42%	203.44%	576.60%	586.29%	386.27%	377.00%	251.39%	236.30%

Frequently Asked Questions About Cricut's Financials

When does Cricut's financial year end?

According to the most recent income statement we have on file, Cricut's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Cricut's net income changed over the last 5 years?

Cricut's net income appears to be on a downward trend, with a most recent value of $62.83 million in 2024, rising from $39.21 million in 2019. The previous period was $53.64 million in 2023.

What is Cricut's operating income?

Cricut's total operating income in 2024 was $76.11 million, based on the following breakdown:

Total Gross Profit: $352.79 million
Total Operating Expenses: $276.68 million

How has Cricut revenue changed over the last 5 years?

Over the last 5 years, Cricut's total revenue changed from $486.55 million in 2019 to $712.54 million in 2024, a change of 46.4%.

How much debt does Cricut have?

Cricut's total liabilities were at $226.27 million at the end of 2024, a 5.1% increase from 2023, and a 35.8% decrease since 2020.

How much cash does Cricut have?

In the past 4 years, Cricut's cash and equivalents has ranged from $122.22 million in 2020 to $241.60 million in 2021, and is currently $232.14 million as of their latest financial filing in 2024.

How has Cricut's book value per share changed over the last 5 years?

Over the last 5 years, Cricut's book value per share changed from 0.00 in 2019 to 2.18 in 2024, a change of 217.7%.

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This page (NASDAQ:CRCT) was last updated on 4/16/2025 by MarketBeat.com Staff

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