---
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"
generated_at: "2026-06-22T04:28:52.140172+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cricut Q3 revenue down 32% to $177M; net income $12.4M, EPS $0.06

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828962-22-000094
- JSON: https://secwatch.observer/filing/0001828962-22-000094.json
- Plain text: https://secwatch.observer/filing/0001828962-22-000094.txt

## Key facts
- Earnings Releases
  Cricut, Inc. reported third quarter ended September 30, 2022 results: revenue $177.0 million, net income $12.4 million, EPS $0.06.
  - Period: third quarter ended September 30, 2022
  - Revenue: $177.0 million
  - Net income: $12.4 million
  - EPS: $0.06
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1828962/000182896222000094/0001828962-22-000094-index.htm

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