---
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"
generated_at: "2026-06-02T19:52:52.160355+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cricut Q1 revenue down 8%; net income up 116% to $19.6M; announces dividends and $50M buyback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828962-24-000046
- JSON: https://secwatch.observer/filing/0001828962-24-000046.json
- Plain text: https://secwatch.observer/filing/0001828962-24-000046.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $167.4 million
  - Net income: $19.6 million
  - EPS: $0.09 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1828962/000182896224000046/0001828962-24-000046-index.htm

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