{"schema_version":"secwatch.filing_event.v1","accession":"0001828962-22-000094","form_type":"8-K","ticker":"CRCT","cik":"0001828962","company_name":"Cricut, Inc.","filed_at":"2022-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.466648+00:00","generated_at":"2026-06-22T04:28:52.140172+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cricut Q3 revenue down 32% to $177M; net income $12.4M, EPS $0.06","bullets":["Revenue $177.0M, down 31.9% YoY; connected machine revenue declined 48.8%.","Net income $12.4M ($0.06 diluted EPS) vs $30.0M ($0.13) in Q3 2021.","Subscriptions revenue $68.9M, up 29.2% YoY; paid subscribers grew 35% to 2.5M.","Total users rose 30% to 7.5M; engaged users (90-day) up 11% to 3.6M.","Gross margin improved to 46.2% from 39.2% in Q3 2021."],"urls":{"canonical":"https://secwatch.observer/filing/0001828962-22-000094","json":"https://secwatch.observer/filing/0001828962-22-000094.json","markdown":"https://secwatch.observer/filing/0001828962-22-000094.md","text":"https://secwatch.observer/filing/0001828962-22-000094.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828962/000182896222000094/0001828962-22-000094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828962/000182896222000094/crct-20221108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T04:28:52.140172+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"62512d6d25e74ad32076fe835a17d6082d8f81d8","claim":"Cricut, Inc. reported third quarter ended September 30, 2022 results: revenue $177.0 million, net income $12.4 million, EPS $0.06.","evidence_excerpt":"Financial Results Total users grew to nearly 7.5 million, up 30% over Q3 2021 Paid subscribers increased to nearly 2.5 million, up 35% over Q3 2021 Delivered Q3 2022 revenue of $177.0 million, 32% decline compared to a strong prior year Q3 2021 Delivered 15th consecutive quarter of profitability with net income of $12.4 million SOUTH JORDAN, Utah, November 8, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828962/000182896222000094/0001828962-22-000094-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$177.0 million"},{"label":"Net income","value":"$12.4 million"},{"label":"EPS","value":"$0.06"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}