---
schema_version: "secwatch.filing_event.v1"
accession: "0001828962-24-000012"
form_type: "8-K"
ticker: "CRCT"
cik: "0001828962"
company_name: "Cricut, Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:01:35.590948+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cricut reports FY23 revenue down 14% to $765M; Q4 revenue falls 18% YoY

## Summary
- Q4 revenue $231.2M (-18% YoY); FY23 revenue $765.1M (-14% vs $886.3M).
- Q4 GAAP EPS $0.05 flat; FY23 diluted EPS $0.24 vs $0.28 in FY22.
- Subscriptions revenue up: Q4 $76.5M (+7.6%), FY $304M (+11.6%); paid subs 2.77M.
- Gross margin improved: Q4 42.0% (from 29.8%), FY 44.9% (from 39.5%).
- Cash from ops $288.1M in FY23; $26.5M spent on share buybacks in Q4 and after.

## SEC filing metadata
- accession: 0001828962-24-000012
- form_type: 8-K
- ticker: CRCT
- cik: 0001828962
- company_name: Cricut, Inc.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828962/000182896224000012/0001828962-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828962/000182896224000012/crct-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828962-24-000012
- JSON: https://secwatch.observer/filing/0001828962-24-000012.json
- Plain text: https://secwatch.observer/filing/0001828962-24-000012.txt

## Key facts
- Earnings Releases
  Cricut, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $231.2 million, net income $11.3 million, EPS $0.05.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $231.2 million
  - Net income: $11.3 million
  - EPS: $0.05
  - Result: reported results
  source text: pricing discipline. We will keep concentrating on acquiring new users and enhancing their engagement and revenue generation.” Fourth Quarter 2023 Financial Results • Revenue was $231.2 million compared to $280.8 million in Q4 2022. • Connected machine revenue was $77.4 million compared to $102.3 million in Q4 2022. • Subscriptions revenue was $76.5 million up from to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828962/000182896224000012/0001828962-24-000012-index.htm

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