---
schema_version: "secwatch.filing_event.v1"
accession: "0001828962-24-000121"
form_type: "8-K"
ticker: "CRCT"
cik: "0001828962"
company_name: "Cricut, Inc."
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:27:36.149709+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cricut Q3 revenue down 4% to $167.9M; net income falls 33% to $11.5M

## Summary
- Diluted EPS of $0.05 vs $0.08 a year ago; operating margin fell to 6.3% from 13.5%.
- Paid subscribers reached 2.8M (+5% YoY); Platform ARPU $52.86 (+3% YoY).
- Generated $70M cash from ops; repurchased 1.8M shares for $10.3M in Q3.
- Board authorized a $0.10 semi-annual dividend payable Jan 21, 2025 to holders of record Jan 7.
- Revenue beat expectations but net income down 33% due to lower gross margin and higher costs.

## SEC filing metadata
- accession: 0001828962-24-000121
- form_type: 8-K
- ticker: CRCT
- cik: 0001828962
- company_name: Cricut, Inc.
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1828962/000182896224000121/0001828962-24-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828962/000182896224000121/crct-20241105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828962-24-000121
- JSON: https://secwatch.observer/filing/0001828962-24-000121.json
- Plain text: https://secwatch.observer/filing/0001828962-24-000121.txt

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