---
schema_version: "secwatch.filing_event.v1"
accession: "0001828962-22-000083"
form_type: "8-K"
ticker: "CRCT"
cik: "0001828962"
company_name: "Cricut, Inc."
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T02:18:48.478120+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cricut Q2 revenue down 45% to $183.8M; net income falls 72%; board authorizes $50M buyback

## Summary
- Revenue $183.8M (-45.1% YoY); connected machine revenue $35.4M (-75.8%).
- Net income $13.8M (-71.9% YoY); diluted EPS $0.06.
- Subscription revenue $67.6M (+33.4% YoY); paid subscribers 2.4M (+34%).
- Total users 7.2M (+34%); engaged users 3.7M (+17% YoY).
- Board authorized $50M share repurchase program with no expiration.

## SEC filing metadata
- accession: 0001828962-22-000083
- form_type: 8-K
- ticker: CRCT
- cik: 0001828962
- company_name: Cricut, Inc.
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828962/000182896222000083/0001828962-22-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828962/000182896222000083/crct-20220809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828962-22-000083
- JSON: https://secwatch.observer/filing/0001828962-22-000083.json
- Plain text: https://secwatch.observer/filing/0001828962-22-000083.txt

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