---
schema_version: "secwatch.filing_event.v1"
accession: "0001828962-25-000036"
form_type: "8-K"
ticker: "CRCT"
cik: "0001828962"
company_name: "Cricut, Inc."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T15:10:02.406448+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001828962-25-000036
- form_type: 8-K
- ticker: CRCT
- cik: 0001828962
- company_name: Cricut, Inc.
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828962/000182896225000036/0001828962-25-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828962/000182896225000036/crct-20250228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828962-25-000036
- JSON: https://secwatch.observer/filing/0001828962-25-000036.json
- Plain text: https://secwatch.observer/filing/0001828962-25-000036.txt

## Key facts
- Executive change
  Len Blackwell departed as Director at Cricut, Inc..
  - Action: not stand for re-election
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828962/000182896225000036/0001828962-25-000036-index.htm

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