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Cricut (CRCT) Financials

Cricut logo
$6.60 +0.05 (+0.76%)
Closing price 04:00 PM Eastern
Extended Trading
$6.54 -0.05 (-0.83%)
As of 07:41 PM Eastern
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Annual Income Statements for Cricut

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
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Income Statements for Cricut

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

Metric Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2025 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 14 12 11 9.10 16 17 11 24 20 11 12
Consolidated Net Income / (Loss)		 14 12 11 9.10 16 17 11 24 20 11 12
Net Income / (Loss) Continuing Operations		 14 12 11 9.10 16 17 11 24 20 11 12
Total Pre-Tax Income 		20 18 13 13 23 26 18 33 30 14 17
Total Operating Income		 20 17 11 11 19 24 17 29 26 11 14
Total Gross Profit		 85 82 84 77 88 82 97 98 90 77 94
Total Revenue		 184 177 281 181 178 175 231 163 168 168 209
Operating Revenue		 184 177 281 181 178 175 231 163 168 168 209
Total Cost of Revenue		 98 95 197 105 90 93 134 64 78 91 115
Operating Cost of Revenue		 98 95 197 105 90 93 134 64 78 91 115
Total Operating Expenses		 65 64 73 66 68 58 81 69 63 67 80
Selling, General & Admin Expense		 14 17 18 19 23 14 30 17 16 16 22
Marketing Expense		 32 29 37 30 29 28 36 37 33 35 42
Research & Development Expense		 20 19 18 18 16 16 15 16 14 15 16
Total Other Income / (Expense), net		 0.32 0.24 1.51 2.32 3.69 1.83 1.96 3.28 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 3.36 3.05 2.72 2.83
Other Income / (Expense), net		 0.32 0.24 -0.01 0.64 0.65 0.57 0.28 0.00 0.39 0.93 0.01
Income Tax Expense		 6.52 5.21 1.72 3.75 6.92 8.29 7.20 8.71 10 2.67 4.71
Basic Earnings per Share		 $0.06 $0.06 $0.05 $0.04 $0.07 $0.08 $0.06 $0.11 $0.09 $0.05 $0.06
Weighted Average Basic Shares Outstanding		 214.85M 215.35M 214.46M 215.59M 216.96M 217.74M 216.89M 212.45M 216.42M 214.77M 215.11M
Diluted Earnings per Share		 $0.06 $0.06 $0.05 $0.04 $0.07 $0.08 $0.05 $0.11 $0.09 $0.05 $0.06
Weighted Average Diluted Shares Outstanding		 220.79M 220.35M 220.59M 218.75M 219.92M 220.42M 219.72M 213.84M 217.50M 215.75M 215.65M
Weighted Average Basic & Diluted Shares Outstanding		 222.18M 220.82M 219.42M 219.22M 219.83M 219.17M 216.80M 211.78M 216.37M 214.45M 212.54M

Annual Cash Flow Statements for Cricut

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
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Cash Flow Statements for Cricut

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 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2025 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -98 -24 101 7.38 54 -214 70 20 17 -53 90
Net Cash From Operating Activities		 -2.57 -12 117 95 64 36 92 61 35 70 103
Net Cash From Continuing Operating Activities		 -2.57 -12 117 95 64 36 92 61 35 70 103
Net Income / (Loss) Continuing Operations		 14 12 11 9.10 16 17 11 24 20 11 12
Consolidated Net Income / (Loss)		 14 12 11 9.10 16 17 11 24 20 11 12
Depreciation Expense		 6.10 7.71 7.12 6.89 7.49 7.69 7.97 6.11 7.60 7.21 6.70
Non-Cash Adjustments To Reconcile Net Income		 15 15 18 22 23 17 27 3.95 7.57 16 10
Changes in Operating Assets and Liabilities, net		 -37 -47 81 57 18 -5.83 46 27 0.02 36 74
Net Cash From Investing Activities		 -92 0.56 -6.86 -7.74 -5.08 -31 -4.78 -4.89 -4.85 -4.47 -3.89
Net Cash From Continuing Investing Activities		 -92 0.56 -6.86 -7.74 -5.08 -31 -4.78 -4.89 -4.85 -4.47 -3.89
Purchase of Property, Plant & Equipment		 -7.97 -9.14 -6.86 -7.74 -5.08 -6.12 -4.78 -4.89 -4.85 -4.48 -3.89
Net Cash From Financing Activities		 -3.39 -12 -9.59 -80 -5.53 -219 -18 -36 -14 -119 -9.03
Net Cash From Continuing Financing Activities		 -3.39 -12 -9.59 -80 -5.53 -219 -18 -36 -14 -119 -9.03
Repurchase of Common Equity		 - -9.97 -8.60 -3.24 -0.97 -0.35 -16 -12 -9.31 -10 -8.01
Payment of Dividends		 - - - -76 -0.28 -218 -0.31 -21 -0.11 -108 -0.20
Other Financing Activities, net		 -3.39 -0.35 -0.98 -1.30 -4.29 -0.36 -1.78 -2.92 -4.13 -0.60 -0.83
Effect of Exchange Rate Changes		 -0.20 -0.15 0.16 0.03 -0.03 -0.10 0.21 0.14 -0.01 0.27 -0.39
Cash Income Taxes Paid		 5.44 12 11 0.12 12 9.50 2.48 0.28 30 4.51 8.70

Annual Balance Sheets for Cricut

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
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
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

Quarterly Balance Sheets for Cricut

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 Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2025 6/30/2024 9/30/2024
Total Assets		 947 920 846 898 719 682 742 664
Total Current Assets		 825 803 707 763 586 561 611 541
Cash & Equivalents		 148 124 232 286 73 252 196 142
Short-Term Investments		 84 74 75 75 101 105 104 105
Accounts Receivable		 81 88 90 89 92 72 84 93
Inventories, net		 484 484 294 294 304 114 192 168
Prepaid Expenses		 28 34 16 19 16 18 36 33
Plant, Property, & Equipment, net		 63 63 61 58 58 37 42 40
Total Noncurrent Assets		 58 53 78 77 75 84 89 83
Noncurrent Deferred & Refundable Income Taxes		 3.26 3.28 27 31 36 44 44 47
Other Noncurrent Operating Assets		 54 49 51 45 39 40 45 36
Total Liabilities & Shareholders' Equity		 947 920 846 898 719 682 742 664
Total Liabilities		 218 177 152 416 193 191 294 188
Total Current Liabilities		 193 154 130 395 174 171 276 171
Accounts Payable		 114 71 38 67 80 58 34 46
Dividends Payable		 - - 0.98 235 2.25 0.03 122 0.38
Current Deferred Revenue		 31 29 39 40 38 51 45 43
Other Current Liabilities		 48 53 52 54 54 62 75 82
Total Noncurrent Liabilities		 25 23 22 21 19 21 17 17
Noncurrent Deferred Revenue		 3.91 3.53 3.22 2.81 2.61 2.72 2.60 2.53
Other Noncurrent Operating Liabilities		 21 20 19 18 16 18 15 14
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 728 743 694 482 526 490 449 476
Total Preferred & Common Equity		 728 743 694 482 526 490 449 476
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 728 743 694 482 526 490 449 476
Common Stock		 735 737 685 483 510 464 448 464
Retained Earnings		 -6.23 6.22 9.10 0.00 17 26 0.00 11
Accumulated Other Comprehensive Income / (Loss)		 -0.52 -0.37 -0.27 -0.64 -0.62 0.21 0.14 0.42

Annual Metrics And Ratios for Cricut

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

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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%

Quarterly Metrics And Ratios for Cricut

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

Metric Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -45.06% -31.95% -27.61% -25.96% -3.26% -1.18% -17.64% -7.63% -5.52% -4.01% -9.49%
EBITDA Growth		 -61.40% -40.76% -42.95% -51.71% 3.57% 25.95% 36.07% 77.53% 25.64% -41.34% -16.89%
EBIT Growth		 -68.28% -53.26% -57.17% -64.39% -2.20% 37.38% 51.55% 132.35% 34.75% -52.47% -17.34%
NOPAT Growth		 -72.29% -59.05% -19.73% -68.30% -1.19% 30.24% 5.24% 134.68% 30.44% -46.25% -1.37%
Net Income Growth		 -71.85% -58.53% -8.66% -61.29% 15.89% 38.42% 3.65% 115.92% 23.37% -33.31% 5.65%
EPS Growth		 -72.73% -53.85% 0.00% -63.64% 16.67% 33.33% 0.00% 125.00% 28.57% -37.50% 20.00%
Operating Cash Flow Growth		 91.97% 84.09% 336.05% 510.88% 2,604.59% 394.23% -21.34% -35.73% -45.75% 92.88% 11.96%
Free Cash Flow Firm Growth		 26.60% 74.14% 96.06% 134.08% 184.26% 299.36% 1,496.86% 237.32% -34.35% -34.79% -14.47%
Invested Capital Growth		 65.91% 26.92% 5.07% -15.86% -28.46% -34.85% -35.76% -65.57% -23.66% -35.40% -47.15%
Revenue Q/Q Growth		 -24.93% -3.68% 58.63% -35.45% -1.91% -1.61% 32.21% -27.61% 0.33% -0.03% 24.67%
EBITDA Q/Q Growth		 -29.27% -4.09% -28.25% -10.74% 51.69% 16.64% -22.48% 29.43% 2.89% -45.54% 9.83%
EBIT Q/Q Growth		 -35.12% -13.24% -37.21% -14.82% 78.18% 21.87% -30.73% 54.47% 3.34% -57.02% 20.46%
NOPAT Q/Q Growth		 -42.17% -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		 -41.17% -10.00% -12.48% -16.45% 76.11% 7.50% -34.47% 74.05% 0.62% -41.89% 3.81%
EPS Q/Q Growth		 -45.45% 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		 -116.52% -380.99% 1,045.81% -18.70% -32.29% -43.49% 152.85% -33.57% -38.33% 100.91% 46.76%
Free Cash Flow Firm Q/Q Growth		 22.26% 43.83% 88.04% 752.31% 92.22% 32.91% -16.18% 57.52% -23.92% 32.02% 9.95%
Invested Capital Q/Q Growth		 7.81% 9.62% -16.60% -14.64% -8.33% -0.17% -17.76% -54.25% -0.11% -15.52% -32.72%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 46.49% 46.23% 29.78% 42.30% 49.31% 46.84% 41.96% 54.72% 53.49% 46.08% 44.91%
EBITDA Margin		 14.39% 14.33% 6.48% 9.96% 15.41% 18.27% 10.71% 19.15% 20.49% 11.16% 9.83%
Operating Margin		 10.90% 9.84% 3.95% 5.81% 10.83% 13.54% 7.14% 15.06% 15.74% 6.31% 6.63%
EBIT Margin		 11.08% 9.98% 3.95% 6.16% 11.20% 13.87% 7.27% 15.50% 15.97% 6.87% 6.63%
Profit (Net Income) Margin		 7.52% 7.03% 3.88% 5.02% 9.01% 9.85% 4.88% 11.74% 11.77% 6.84% 5.70%
Tax Burden Percent		 67.94% 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% 100.00% 113.71% 114.99% 115.26% 105.19% 110.01% 109.00% 111.09% 122.85% 119.77%
Effective Tax Rate		 32.06% 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)		 20.02% 14.15% 6.83% 7.98% 14.49% 16.56% 8.95% 30.14% 24.70% 12.87% 15.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.94% 14.07% 6.26% 7.39% 13.05% 15.89% 8.43% 29.49% 23.24% 11.49% 14.47%
Return on Net Nonoperating Assets (RNNOA)		 -8.10% -4.25% -2.14% -2.91% -3.86% -4.62% -3.22% -16.51% -7.59% -4.79% -8.03%
Return on Equity (ROE)		 11.91% 9.90% 4.69% 5.07% 10.63% 11.93% 5.73% 13.63% 17.12% 8.08% 7.16%
Cash Return on Invested Capital (CROIC)		 -29.71% -11.12% 8.40% 27.38% 43.22% 52.54% 56.15% 119.43% 46.34% 61.49% 85.82%
Operating Return on Assets (OROA)		 12.41% 10.43% 3.58% 5.60% 9.91% 13.79% 6.54% 15.25% 14.44% 7.29% 6.55%
Return on Assets (ROA)		 8.43% 7.35% 3.52% 4.56% 7.98% 9.79% 4.39% 11.54% 10.64% 7.27% 5.63%
Return on Common Equity (ROCE)		 11.91% 9.90% 4.69% 5.07% 10.63% 11.93% 5.73% 13.63% 17.12% 8.08% 7.16%
Return on Equity Simple (ROE_SIMPLE)		 10.88% 8.31% 0.00% 6.66% 10.05% 10.12% 0.00% 13.09% 15.14% 13.07% 0.00%
Net Operating Profit after Tax (NOPAT)		 14 12 9.59 7.46 13 16 10 18 18 8.60 9.95
NOPAT Margin		 7.41% 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% 0.08% 0.57% 0.59% 1.44% 0.67% 0.52% 0.65% 1.47% 1.38% 0.71%
Return On Investment Capital (ROIC_SIMPLE)		 - - 1.43% - - - 1.89% 3.57% - - 2.13%
Cost of Revenue to Revenue		 53.51% 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		 7.53% 9.32% 6.42% 10.33% 12.74% 7.98% 12.87% 11.06% 9.37% 9.68% 10.75%
R&D to Revenue		 10.91% 10.59% 6.26% 9.82% 9.20% 9.10% 6.48% 8.87% 8.52% 9.08% 7.64%
Operating Expenses to Revenue		 35.59% 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)		 20 18 11 11 20 24 17 26 27 12 14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 26 25 18 18 27 32 25 32 34 19 21
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.52 2.25 2.43 2.71 5.05 3.54 2.42 1.89 2.64 3.15 2.57
Price to Tangible Book Value (P/TBV)		 1.52 2.25 2.43 2.71 5.06 3.54 2.42 1.89 2.64 3.15 2.57
Price to Revenue (P/Rev)		 1.03 1.68 1.84 2.29 2.98 2.28 1.69 1.23 1.60 2.04 1.69
Price to Earnings (P/E)		 13.94 27.04 26.90 40.70 50.29 34.95 24.12 14.40 17.41 24.11 19.13
Dividend Yield		 0.00% 0.00% 0.00% 4.08% 12.14% 15.95% 22.87% 31.66% 0.00% 7.22% 8.92%
Earnings Yield		 7.18% 3.70% 3.72% 2.46% 1.99% 2.86% 4.15% 6.94% 5.74% 4.15% 5.23%
Enterprise Value to Invested Capital (EV/IC)		 1.76 2.70 2.93 4.06 5.84 4.75 3.59 4.25 3.26 5.46 5.61
Enterprise Value to Revenue (EV/Rev)		 0.81 1.48 1.50 1.91 2.54 2.07 1.37 0.76 1.19 1.71 1.21
Enterprise Value to EBITDA (EV/EBITDA)		 6.30 12.14 12.41 17.48 22.80 17.28 10.26 4.83 7.09 11.25 8.07
Enterprise Value to EBIT (EV/EBIT)		 7.57 15.44 16.57 25.29 33.56 24.65 14.54 6.53 9.42 15.44 11.06
Enterprise Value to NOPAT (EV/NOPAT)		 11.04 23.96 22.53 36.58 48.53 36.28 22.29 9.95 14.45 23.20 16.07
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 53.53 11.33 7.99 7.85 5.39 3.64 2.27 4.01 4.93 3.26
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 35.80 13.56 11.27 7.14 5.01 1.82 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 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 0.00
Financial Leverage		 -0.41 -0.30 -0.34 -0.39 -0.30 -0.29 -0.38 -0.56 -0.33 -0.42 -0.55
Leverage Ratio		 1.43 1.36 1.45 1.29 1.52 1.29 1.41 1.29 1.76 1.38 1.44
Compound Leverage Factor		 1.43 1.36 1.65 1.49 1.76 1.36 1.55 1.41 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% 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% 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% 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% 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% 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% 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 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 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 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 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 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 0.00
Altman Z-Score		 5.04 7.65 5.21 9.27 4.99 7.76 5.43 4.87 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% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.27 5.22 3.19 5.42 1.93 3.37 3.16 3.28 2.21 3.16 2.85
Quick Ratio		 1.62 1.86 1.72 3.05 1.14 1.53 1.81 2.51 1.39 1.99 2.16
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -184 -103 -12 81 155 206 173 272 102 134 148
Operating Cash Flow to CapEx		 -32.29% -135.43% 1,706.81% 1,229.41% 1,267.56% 595.29% 1,928.19% 1,250.33% 721.42% 1,568.14% 2,648.59%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 1,019.89 1,935.91 2,541.16 2,078.73 3,355.33 1,270.84 1,597.85 1,821.89
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 1,204.67 805.54 449.56 1,109.29 755.14 437.00 836.15 1,272.63
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 1,106.68 741.99 374.04 1,051.76 694.74 376.43 782.83 1,224.58
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.12 1.05 0.91 0.91 0.89 0.99 0.90 0.98 0.90 1.06 0.99
Accounts Receivable Turnover		 8.80 8.60 5.27 7.72 9.63 9.05 6.18 9.23 8.60 7.92 6.68
Inventory Turnover		 1.50 1.23 1.33 1.28 1.25 1.23 1.42 1.93 1.57 1.61 2.00
Fixed Asset Turnover		 20.29 17.12 15.19 13.63 13.44 13.42 13.78 15.34 14.75 15.02 16.73
Accounts Payable Turnover		 3.48 3.86 4.00 5.10 5.39 6.41 6.02 8.13 7.54 6.03 5.52
Days Sales Outstanding (DSO)		 41.50 42.44 69.20 47.29 37.92 40.35 59.10 39.53 42.43 46.09 54.61
Days Inventory Outstanding (DIO)		 242.70 295.73 274.18 286.24 291.77 296.39 257.90 189.47 233.06 227.06 182.49
Days Payable Outstanding (DPO)		 104.91 94.57 91.15 71.54 67.73 56.97 60.59 44.91 48.44 60.51 66.07
Cash Conversion Cycle (CCC)		 179.28 243.60 252.22 261.99 261.96 279.77 256.41 184.08 227.06 212.65 171.03
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 497 545 454 388 356 355 292 134 271 229 154
Invested Capital Turnover		 2.70 2.04 2.00 1.94 1.92 1.81 2.05 2.88 2.37 2.51 3.19
Increase / (Decrease) in Invested Capital		 197 116 22 -73 -141 -190 -162 -254 -84 -126 -138
Enterprise Value (EV)		 873 1,471 1,333 1,575 2,076 1,687 1,049 568 883 1,252 865
Market Capitalization		 1,105 1,669 1,632 1,883 2,437 1,861 1,294 924 1,183 1,499 1,202
Book Value per Share		 $3.28 $3.34 $3.05 $3.16 $2.20 $2.39 $2.44 $2.26 $2.07 $2.20 $2.18
Tangible Book Value per Share		 $3.28 $3.34 $3.04 $3.16 $2.20 $2.39 $2.44 $2.26 $2.07 $2.20 $2.18
Total Capital		 728 743 673 694 482 526 535 490 449 476 467
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 0.00
Net Debt		 -231 -198 -299 -307 -361 -174 -245 -357 -299 -247 -337
Capital Expenditures (CapEx)		 7.97 9.14 6.86 7.74 5.08 6.12 4.78 4.89 4.85 4.48 3.89
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 401 451 258 269 6.36 238 178 34 35 123 40
Debt-free Net Working Capital (DFNWC)		 632 649 557 577 368 412 424 390 335 369 377
Net Working Capital (NWC)		 632 649 557 577 368 412 424 390 335 369 377
Net Nonoperating Expense (NNE)		 -0.22 -0.17 -1.30 -1.64 -2.58 -1.23 -1.20 -2.14 -2.23 -2.89 -1.98
Net Nonoperating Obligations (NNO)		 -231 -198 -218 -306 -127 -171 -243 -357 -177 -247 -313
Total Depreciation and Amortization (D&A)		 6.10 7.71 7.12 6.89 7.49 7.69 7.97 6.11 7.60 7.21 6.70
Debt-free, Cash-free Net Working Capital to Revenue		 37.22% 45.43% 29.11% 32.72% 0.78% 29.24% 23.31% 4.47% 4.78% 16.68% 5.60%
Debt-free Net Working Capital to Revenue		 58.71% 65.36% 62.87% 70.08% 45.04% 50.55% 55.35% 51.95% 45.16% 50.30% 52.89%
Net Working Capital to Revenue		 58.71% 65.36% 62.87% 70.08% 45.04% 50.55% 55.35% 51.95% 45.16% 50.30% 52.89%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.06 $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		 214.85M 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 $0.06 $0.05 $0.04 $0.07 $0.08 $0.05 $0.09 $0.09 $0.05 $0.06
Adjusted Weighted Average Diluted Shares Outstanding		 220.79M 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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 222.18M 220.82M 219.42M 219.22M 219.83M 219.17M 216.80M 211.78M 216.37M 214.45M 212.54M
Normalized Net Operating Profit after Tax (NOPAT)		 14 12 9.59 7.46 13 16 10 18 18 8.60 9.95
Normalized NOPAT Margin		 7.41% 6.94% 3.41% 4.12% 7.56% 9.14% 4.36% 10.46% 10.44% 5.12% 4.75%
Pre Tax Income Margin		 11.08% 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 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 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 0.00 43.41 185.24 223.94 144.89 260.01 274.66 83.92 123.40
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 -3.57 104.52 121.90 64.02 155.71 158.67 49.00 74.79
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 163.27% 156.44% 551.89% 548.38% 342.82% 323.67% 177.01% 175.03%
Augmented Payout Ratio		 -0.20% 15.91% 30.63% 210.42% 203.44% 576.60% 586.29% 386.27% 377.00% 251.39% 236.30%

Key Financial Trends

Recent Performance (Q4 2024)
Cricut reported $209.3 million in revenue for Q4 2024, down 9.5% year-over-year from $231.2 million in Q4 2023. Gross margin was 44.9%, operating income totaled $13.9 million, and net income was $11.9 million ($0.06 per share). Operating cash flow reached $103.1 million, and after $3.9 million of CapEx, free cash flow to firm was $147.6 million.

Balance Sheet & Returns
The company remains debt-free with $376.8 million of cash & short-term investments versus zero debt, yielding net cash of $336.9 million. Return on Invested Capital (ROIC) stood at 15.2% and Return on Equity (ROE) at 7.2%, while the Altman Z-Score of 4.93 signals financial health.

  • Strong free cash flow: $147.6 million FCFF in Q4 2024 supports reinvestment and share repurchases
  • Debt-free balance sheet with net cash of $336.9 million as of Q4 2024
  • Healthy ROIC (15.2%) and ROE (7.2%) exceed typical cost of capital
  • EPS grew 20% year-over-year to $0.06 in Q4 2024
  • Consistent share repurchases (~$8 million in Q4) demonstrate shareholder return focus
  • Profit margin (~5.7%) and gross margin (~44.9%) in line with historical trends
  • Valuation metrics moderate: P/E ~19x, EV/EBITDA ~8x
  • Revenue declined 9.5% year-over-year in Q4 2024, indicating softening demand
  • Marketing spend high at ~19.9% of revenue, pressuring profitability
  • Long cash conversion cycle (~171 days) ties up significant working capital
06/18/25 09:34 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Cricut's Financials

When does Cricut's fiscal year end?

According to the most recent income statement we have on file, Cricut's financial year ends in December. Their financial 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. View Cricut's forecast to see where analysts expect Cricut to go next.

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's 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 6/18/2025 by MarketBeat.com Staff
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A Historic Gold Announcement Is About to Rock Wall Street? For months, sharp-eyed analysts have watched the...
Golden Portfolio | Sponsored
When This Happens, You Don’t Wait. You Act.
This same signal has appeared twice before in the past 8 years — both times, it kicked off major moves in cryp...
Crypto Swap Profits | Sponsored
An AI run of epic proportions is only getting started
I just put together an urgent new presentation that you need to see right away. In short: I believe we are...
Timothy Sykes | Sponsored
Trump’s true trade war strategy
The media and financial pundits are all misreading Trump’s actions. They think Trump wants to make Canada t...
Porter & Company | Sponsored
A new rule goes live in July — and the banks are quietly cashing in
A major change is quietly going into effect this July — and Wall Street is already positioning for it. Big ...
American Alternative | Sponsored
Trump Makes Major Crypto Announcement
Trump's crypto revolution is now fully underway and now, we believe he’s about to deliver on his biggest promi...
Crypto 101 Media | Sponsored
Most Bitcoin holders have no idea this exists
Here’s what 99% of Bitcoin holders don’t know: There’s a way to amplify your Bitcoin gains without buying m...
Brownstone Research | Sponsored