10-Q quarterly report · filed Nov 5, 2025

Cricut, Inc. (CRCT) Q3 2025 10-Q Quarterly Report

Short answer

Cricut, Inc. (CRCT) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $170M (up 1.5% year over year) with net income of $21M.

Q3 2025 key financials · XBRL

Revenue
$170M
+1.5% YoY · −49.1% QoQ
Net income
$21M
+78.6% YoY · −57.6% QoQ
Operating margin
13.3%
Gross margin
55.2%
EPS (diluted)
$0.09
+50.0% YoY · −60.9% QoQ

Source: XBRL data from the Cricut, Inc. (CRCT) Q3 2025 10-Q on SEC EDGAR. USD.

Cricut, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $170.4M, up 2% YoY from $167.9M, led by Platform revenue $82.8M, up 7%
  • Products revenue $87.7M, down 3% YoY; worst-performing segment, versus Platform revenue $82.8M, up 7%
  • Platform gross margin 89% vs 87%; Products margin 23% vs 11% YoY
  • Cash and equivalents $187.9M plus marketable securities $19.2M; nine-month operating cash flow $117.8M vs $161.9M
  • Nine-month dividends $202.1M vs $109.8M; headwinds include regulatory uncertainty and heightened, new, or proposed tariffs

Risk Factors

  • Risk-factor section not provided; supplied text covers Items 2–6, preventing comparison with the 10-K
  • CEO Rule 10b5-1 arrangement: potential sale of 2,349,223 Class A shares through October 23, 2026
  • Share-repurchase authorization: $46.925 million remaining under the $50 million program
  • Equity-award tax withholding: approximately 448,000 shares deducted from the CEO’s potential sales

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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