---
schema_version: "secwatch.filing_event.v1"
accession: "0001828962-24-000100"
form_type: "8-K"
ticker: "CRCT"
cik: "0001828962"
company_name: "Cricut, Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:33:16.235665+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cricut Q2 net income up 23% to $19.8M; connected machine revenue up 18% YoY

## Summary
- Net income $19.8M (diluted EPS $0.09) vs $16.0M ($0.07) a year ago; 22nd consecutive profitable quarter.
- Revenue $167.9M down 6% YoY; connected machines revenue up 18%, platform revenue $77.6M slightly up.
- Paid subscribers over 2.8M (+3% YoY); Platform ARPU $52.61 (+5% YoY); Active Users 5.9M (flat).
- Gross margin expanded to 53.5% (from 49.3%); operating income $26.4M vs $19.3M (margin 15.7% vs 10.8%).
- Generated $35M cash from ops; repurchased 1.5M shares ($9.3M); paid special dividend $0.40 and semi-annual $0.10 per share in July.

## SEC filing metadata
- accession: 0001828962-24-000100
- form_type: 8-K
- ticker: CRCT
- cik: 0001828962
- company_name: Cricut, Inc.
- filed_at: 2024-08-06T23:59:59+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/1828962/000182896224000100/0001828962-24-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828962/000182896224000100/crct-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828962-24-000100
- JSON: https://secwatch.observer/filing/0001828962-24-000100.json
- Plain text: https://secwatch.observer/filing/0001828962-24-000100.txt

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