---
schema_version: "secwatch.filing_event.v1"
accession: "0001828962-23-000107"
form_type: "8-K"
ticker: "CRCT"
cik: "0001828962"
company_name: "Cricut, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:06:19.360434+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cricut Q3 net income up 38% to $17.2M; revenue down 1% to $174.9M

## Summary
- Net income $17.2M ($0.08 diluted EPS) vs $12.4M in Q3 2022; operating income +36% to $23.7M.
- Subscriptions revenue $76.3M (+11% YoY); connected machine revenue $49.5M (-6%); accessories & materials $49.1M (-12%).
- Total users 8.6M (+16%); paid subscribers 2.7M (+11%); international revenue up 36%, now 21% of total.
- Generated $36.4M cash from ops in Q3; ended quarter with $173.6M cash, debt-free.
- Special dividend of ~$232.2M distributed in July; share repurchase program has $20M remaining as of Nov 1.

## SEC filing metadata
- accession: 0001828962-23-000107
- form_type: 8-K
- ticker: CRCT
- cik: 0001828962
- company_name: Cricut, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828962/000182896223000107/0001828962-23-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828962/000182896223000107/crct-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828962-23-000107
- JSON: https://secwatch.observer/filing/0001828962-23-000107.json
- Plain text: https://secwatch.observer/filing/0001828962-23-000107.txt

## Key facts
- Earnings Releases
  Cricut, Inc. reported third quarter ended September 30, 2023 results: revenue $174.9 million, net income $17.2 million, EPS $0.08.
  - Period: third quarter ended September 30, 2023
  - Revenue: $174.9 million
  - Net income: $17.2 million
  - EPS: $0.08
  - Result: reported results
  source text: Reports Third Quarter 2023 Financial Results Total users grew to over 8.6 million, up 16% over Q3 2022 Paid subscribers of approximately 2.7 million, up 11% over Q3 2022 Delivered 19th consecutive quarter of profitability with net income of $17.2 million, up 38% over Q3 2022 Delivered Q3 2023 revenue of $174.9 million, 1% decline compared to Q3 2022 SOUTH JORDAN, Utah, November 7, 2023 (GLOBE NEWSWIRE) -- Cricut, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828962/000182896223000107/0001828962-23-000107-index.htm

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