Cricut, Inc. Reports Third Quarter 2026 Financial Results

Ashish Arora, Chief Executive Officer of Cricut

“We delivered a strong third quarter, with revenue up 11% year-over-year, driven by 17% growth in Products and continued growth in Platform revenue”

Ashish Arora, Chief Executive Officer of Cricut

“Double-digit sell-out growth for the second consecutive quarter, rising active users, and more than 3.07 million paid subscribers reflect the progress we are making to broaden our reach and deepen engagement.”

Ashish Arora, Chief Executive Officer of Cricut

“The launches of Maker 5 and StickerPix demonstrate how our investments in innovation are expanding the Cricut ecosystem, creating new reasons for consumers to make, and strengthening our long-term growth opportunity.”

Kimball Shill, Chief Financial Officer of Cricut

“In the third quarter, we delivered revenue of $188.6 million, up approximately 11% year over year, and net income of $27.8 million, or 14.8% of sales, reflecting strong results in both our Products and Platform businesses.”

Kimball Shill, Chief Financial Officer of Cricut

“Product revenue grew approximately 17% to $102.7 million, while Platform revenue grew approximately 4% to $85.9 million”

Kimball Shill, Chief Financial Officer of Cricut

“We generated $23.7 million in cash from operations during the quarter and ended Q3 with $273 million in cash and cash equivalents.”

Kimball Shill, Chief Financial Officer of Cricut

“Our profitable business model, strong balance sheet, and cash generation give us the flexibility to continue investing in innovation, international expansion, and marketing, while also returning capital to shareholders.”

Kimball Shill, Chief Financial Officer of Cricut

“Reflecting this balanced approach, the board recently approved three capital allocation items: the approval of our recurring semi-annual dividend of $0.10 per share, a special dividend of $0.70 per share, and the replenishment of our stock repurchase program up to $50 million, which incorporates the unused portion from the prior approvals.”