{"schema_version":"secwatch.filing_event.v1","accession":"0001828962-24-000046","form_type":"8-K","ticker":"CRCT","cik":"0001828962","company_name":"Cricut, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.482091+00:00","generated_at":"2026-06-02T19:52:52.160355+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Cricut Q1 revenue down 8%; net income up 116% to $19.6M; announces dividends and $50M buyback","bullets":["Revenue $167.4M (-8% YoY); platform revenue $78.3M (+3%), products revenue $89.1M (-15%).","Net income $19.6M ($0.09 diluted EPS) vs $9.1M ($0.04) a year ago; operating margin 15.1% vs 5.8%.","Paid subscribers 2.8M (+3% YoY); Active Users 5.95M; Platform ARPU $52.26, up from $48.51.","Board authorizes special dividend $0.40/share, recurring semi-annual dividend $0.10, and $50M stock repurchase.","Generated $56.7M cash from ops; ended Q1 with $282M cash, debt-free."],"urls":{"canonical":"https://secwatch.observer/filing/0001828962-24-000046","json":"https://secwatch.observer/filing/0001828962-24-000046.json","markdown":"https://secwatch.observer/filing/0001828962-24-000046.md","text":"https://secwatch.observer/filing/0001828962-24-000046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828962/000182896224000046/0001828962-24-000046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828962/000182896224000046/crct-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T19:52:52.160355+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":"1a17bdd6f62c79230ccd04e64f6e692551e6be2a","claim":"Cricut, Inc. reported first quarter ended March 31, 2024 results: revenue $167.4 million, net income $19.6 million, EPS $0.09 per diluted share.","evidence_excerpt":"Cricut, Inc. Reports First Quarter 2024 Financial Results Paid subscribers of approximately 2.8 million, up 3% over Q1 2023 Q1 2024 revenue of $167.4 million, 8% decline compared to Q1 2023 Delivered 21st consecutive quarter of profitability with net income of $19.6 million, up 116% over Q1 2023 Board authorizes three capital allocation items SOUTH JORDAN, Utah, May 7, 2024 (GLOBE NEWSWIRE) -- Cricut, Inc. (\"Cricut\") (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced financial results for its first quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828962/000182896224000046/0001828962-24-000046-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$167.4 million"},{"label":"Net income","value":"$19.6 million"},{"label":"EPS","value":"$0.09 per diluted share"},{"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"}