Cricut Q4 revenue $209.3M (-9% YoY), FY net income +17% to $62.8M; director Blackwell to leave board

Cricut, Inc.

Revenue $209.3M in Q4, down 9% YoY; platform revenue up 2%, products down 15%.
FY net income $62.8M (8.8% margin), up 17% from $53.6M; diluted EPS $0.29 vs $0.24.
Paid subscribers 2.96M, up 7% YoY; Active Users 5.89M, down 1% versus 2023.
Operating cash flow $265M; cash $337M; debt-free; $22.9M remaining under $50M buyback.
Director Len Blackwell not standing for re-election at 2025 annual meeting; no disagreement.

item 2.02 item 5.02 item 7.01 item 9.01

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Departed

Len Blackwell

Director

CRCT · Cricut, Inc.

Filed: March 4, 2025, 6:59 PM ET

On February 28, 2025, Len Blackwell notified the Board of Directors of the Company that he would not stand for re-election at the Company’s 2025 annual meeting of stockholders.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Len Blackwell departed as Director at Cricut, Inc..

Action: not stand for re-election
Role: Director

Exact text from the filing

On February 28, 2025, Len Blackwell notified the Board of Directors of the Company that he would not stand for re-election at the Company’s 2025 annual meeting of stockholders.

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Cricut, Inc. filing history →

Source: SEC EDGAR

accession 0001828962-25-000036

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