CRCT Cricut, Inc.

Overview and Growth

Fiscal 2025 results for Cricut, Inc. combined $708.78M of revenue with net income of $76.70M and an operating cash inflow of $200.23M. At $708.78M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $712.54M in fiscal 2024, revenue decreased 0.5%, a top-line contraction that reduced operating scale. On a per-share basis, diluted EPS was $0.35, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS increased by 20.7% from $0.29 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. At period end, total assets were $580.81M, framing the scale of the company’s operating and financing commitments. Revenue equaled 1.22x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $390.43M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 55.1% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $96.03M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 13.5%, showing the portion of revenue preserved after the full set of operating costs. Net income came to $76.70M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 10.8% margin after operating costs and the remaining recognized items. Pretax income was $107.89M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 15.2%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $31.19M, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 28.9%, without assuming a statutory-rate comparison. The relationship between net income and period-end equity was 22.3%, indicating the profitability achieved on book capital. Net income represented 13.2% of period-end assets, placing the company’s bottom-line result against the total resource base employed. The company moved from fiscal 2024 net income of $62.83M to $76.70M, with the current outcome ending above that comparison.

Liquidity and Capital Structure

Total assets were $580.81M, supported by $237.25M of liabilities and $343.56M of shareholder equity. The near-term balance sheet paired $499.59M of current assets with $221.07M of current liabilities at the reporting date. Current assets covered current liabilities by 2.26x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $256.22M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 115.9% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Book equity represented 59.2% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 40.8% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 44.1%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $693.03M in fiscal 2024, the current asset base moved 16.2% and finished lower. Against $466.76M of equity in fiscal 2024, the current book-equity balance moved 26.4% and ended lower. The reported cash balance changed 10.4% from $232.14M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

The company reported $200.23M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 2.61x, comparing cash generated by operations with the bottom-line earnings result.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.