secwatch.observer — SEC 8-K summary
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Issuer:     Cricut, Inc. (CRCT)
CIK:        0001828962
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001828962-25-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828962/000182896225000036/0001828962-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828962/000182896225000036/crct-20250228.htm
  HTML page:      https://secwatch.observer/filing/0001828962-25-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer