---
schema_version: "secwatch.filing_event.v1"
accession: "0001828962-22-000057"
form_type: "8-K"
ticker: "CRCT"
cik: "0001828962"
company_name: "Cricut, Inc."
filed_at: "2022-05-10T23:59:59+00:00"
generated_at: "2026-06-25T21:58:51.747215+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cricut Q1 revenue $244.8M (-24% YoY), net income $23.5M (-52% YoY), EPS $0.11

## Summary
- Revenue $244.8M, down 24% YoY; net income $23.5M, down 52% YoY; diluted EPS $0.11.
- Connected machine revenue $62.4M, down 56% YoY; subscriptions revenue $64.8M, up 40% YoY.
- Total users 6.9M (+40% YoY); paid subscribers 2.3M (+43% YoY).
- Gross margin improved to 40.5% from 37.1% YoY; operating income margin 12.8% vs 20.0%.
- International revenue grew 9% YoY to 15% of total revenue.

## SEC filing metadata
- accession: 0001828962-22-000057
- form_type: 8-K
- ticker: CRCT
- cik: 0001828962
- company_name: Cricut, Inc.
- filed_at: 2022-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828962/000182896222000057/0001828962-22-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828962/000182896222000057/crct-20220510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828962-22-000057
- JSON: https://secwatch.observer/filing/0001828962-22-000057.json
- Plain text: https://secwatch.observer/filing/0001828962-22-000057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.