---
schema_version: "secwatch.filing_event.v1"
accession: "0001828962-25-000073"
form_type: "8-K"
ticker: "CRCT"
cik: "0001828962"
company_name: "Cricut, Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T13:44:08.538946+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cricut Q1 net income up 22%, revenue down 3%; special $0.75 dividend, $50M buyback

## Summary
- Revenue $162.6M (-3% YoY); net income $23.9M (+22%); diluted EPS $0.11 vs $0.09.
- Paid subscribers 2.97M (+6% YoY); Platform ARPU $53.10 (+2%); active users ~5.9M (-0.4%).
- Board approves special dividend $0.75/share + recurring semi-annual $0.10/share, payable July 21 to holders July 7.
- $50M share repurchase program authorized; $12M used to buy 2.1M shares in Q1.
- CEO cites tariff uncertainty but claims advantage from shifting finished goods spend out of China.

## SEC filing metadata
- accession: 0001828962-25-000073
- form_type: 8-K
- ticker: CRCT
- cik: 0001828962
- company_name: Cricut, Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828962/000182896225000073/0001828962-25-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828962/000182896225000073/crct-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828962-25-000073
- JSON: https://secwatch.observer/filing/0001828962-25-000073.json
- Plain text: https://secwatch.observer/filing/0001828962-25-000073.txt

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