Short answer
Cricut, Inc. (CRCT) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $159M (down 1.9% year over year) with net income of $20M.
Q1 2026 key financials · XBRL
- Revenue
- $159M
- −1.9% YoY
- Net income
- $20M
- −15.0% YoY
- Operating margin
- 14.4%
- Gross margin
- 58.1%
- EPS (diluted)
- $0.10
- −9.1% YoY
Source: XBRL data from the Cricut, Inc. (CRCT) Q1 2026 10-Q on SEC EDGAR. USD.
Cricut, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $159.5M, down 2% YoY from $162.6M
- Platform revenue $84.8M, up 6% YoY; Products revenue $74.7M, down 10%
- Products gross margin 23% vs 33% YoY; Platform margin 89% vs 89%
- Operating cash flow $26.9M vs $61.2M YoY; dividends paid $21.2M
- Tariffs, higher input costs, supply-chain disruption, and consumer price sensitivity as near-term headwinds
Risk Factors
- New supply-chain disruption risk triggered by Middle East conflict and higher fuel and petrochemical input costs
- Most material update: renewed component shortages and transport-cost pressure threatening margins after conditions improved during 2023–2025
- Regulatory exposure from potential trade duties and tariffs increasing contract-manufacturing costs
- Demand-forecasting risk causing excess inventory or manufacturing delays, potentially cancelling retail and distributor orders
- Currency exposure from fluctuations against the U.S. dollar affecting component and manufacturing costs
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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