Matt Tuttle
Cricut also announced that Matt Tuttle would succeed Mr. Olsen as Cricut’s General Counsel, effective April 30, 2025.
Highest-materiality recent filing
Cricut Q2 revenue down 9% to $156.3M; net income up 59% to $39.1M
Revenue $156.3M (-9% YoY); platform revenue $85.0M (+5%), products revenue $71.3M (-22%).
Cricut shareholders elect seven directors, approve say-on-pay and auditor ratification
Seven directors elected: Ashish Arora, Steven Blasnik, Russell Freeman, Jason Makler, Melissa Reiff, Billie Williamson, Heidi Zak.
Cricut Q1 2026 revenue down 2% to $159.5M; net income down 15% to $20.3M
Platform revenue $84.8M (+6% YoY) offset Products revenue $74.7M (-9.6%).
Cricut Q4 revenue falls 3% YoY but FY net income up 22%; subscribers grow 4%
Q4 revenue $203.6M, down 3% YoY; platform revenue up 6% to $83.9M, products down 8%.
Cricut Q3 net income up 79% to $20.5M; initiates semi-annual dividend of $0.10
Revenue $170.4M (+2% YoY); operating income $22.7M (+114% YoY).
Cricut Q2 2025: revenue $172.1M (+2%), net income $24.5M (+24%), paid subs 3M (+7%)
Revenue $172.1M (+2% YoY); platform revenue $80.7M (+4%), products $91.4M (+1%).
Cricut shareholders approve officer exculpation amendment and elect seven directors
Charter amendment to exculpate certain officers approved (785.4M for, 9.2M against).
Cricut Q1 net income up 22%, revenue down 3%; special $0.75 dividend, $50M buyback
Revenue $162.6M (-3% YoY); net income $23.9M (+22%); diluted EPS $0.11 vs $0.09.
Cricut GC Don Olsen to step down; Matt Tuttle named successor
Don Olsen, General Counsel and Corporate Secretary, steps down after nearly 18 years to pursue another opportunity.
Cricut Q4 revenue $209.3M (-9% YoY), FY net income +17% to $62.8M; director Blackwell to leave board
Revenue $209.3M in Q4, down 9% YoY; platform revenue up 2%, products down 15%.
Cricut Q3 revenue down 4% to $167.9M; net income falls 33% to $11.5M
Diluted EPS of $0.05 vs $0.08 a year ago; operating margin fell to 6.3% from 13.5%.
Cricut appoints Heidi Zak (ThirdLove CEO) as independent director
Board expanded to 8 members; Zak joins Audit Committee.
Cricut Q2 net income up 23% to $19.8M; connected machine revenue up 18% YoY
Net income $19.8M (diluted EPS $0.09) vs $16.0M ($0.07) a year ago; 22nd consecutive profitable quarter.
Cricut stockholders elect seven directors, approve say-on-pay and auditor at 2024 annual meeting
Elected seven director nominees with votes ranging from 662.6M to 669.8M in favor.
Cricut Q1 revenue down 8%; net income up 116% to $19.6M; announces dividends and $50M buyback
Revenue $167.4M (-8% YoY); platform revenue $78.3M (+3%), products revenue $89.1M (-15%).
Cricut reports FY23 revenue down 14% to $765M; Q4 revenue falls 18% YoY
Q4 revenue $231.2M (-18% YoY); FY23 revenue $765.1M (-14% vs $886.3M).
Cricut Q3 net income up 38% to $17.2M; revenue down 1% to $174.9M
Net income $17.2M ($0.08 diluted EPS) vs $12.4M in Q3 2022; operating income +36% to $23.7M.
Cricut Q2 2023 revenue $177.8M (-3% YoY); net income $16M; special dividend $1/share paid July 17
Net income $16.0M vs $13.8M in Q2 2022; diluted EPS $0.07 up from $0.06.
All seven director nominees elected with over 812M votes each: Ashish Arora, Len Blackwell, Steven Blasnik, Russell Freeman, Jason Makler, Melissa Reiff, Billie Williamson.
Cricut Q1 revenue drops 26% to $181.2M; net income falls to $9.1M
Revenue $181.2M, down 26% YoY; net income $9.1M vs $23.5M; diluted EPS $0.04.
Cricut FY 2022 revenue falls 32% to $886M; net income down 57% to $60.7M
FY 2022 revenue $886.3M vs $1.3B in FY 2021; Q4 revenue $280.8M vs $387.8M.
Cricut Q3 revenue down 32% to $177M; net income $12.4M, EPS $0.06
Revenue $177.0M, down 31.9% YoY; connected machine revenue declined 48.8%.
Cricut Q2 revenue down 45% to $183.8M; net income falls 72%; board authorizes $50M buyback
Revenue $183.8M (-45.1% YoY); connected machine revenue $35.4M (-75.8%).
Cricut 2022 annual meeting elects seven directors, approves say-on-pay and auditor ratification
Elected directors Ashish Arora, Len Blackwell, Steven Blasnik, Russell Freeman, Jason Makler, Melissa Reiff, Billie Williamson with >879M votes for each.
Cricut Q1 revenue $244.8M (-24% YoY), net income $23.5M (-52% YoY), EPS $0.11
Revenue $244.8M, down 24% YoY; net income $23.5M, down 52% YoY; diluted EPS $0.11.
Cricut sets CFO Shill's compensation: $300k base, 50% target bonus, 100k RSUs
Kimball Shill appointed CFO effective April 1, 2022; compensation approved on March 30, 2022.
Cricut Q4 revenue $387.8M (+5% YoY), net income down 81% to $11.9M; FY revenue $1.3B (+36%)
Q4 revenue $387.8M (+5% YoY); net income $11.9M (-81%); diluted EPS $0.05.
Cricut CFO Martin Petersen to retire; Kimball Shill named successor effective Apr 1, 2022
Martin Petersen steps down as CFO effective Mar 31, 2022; retires from Cricut on Sep 30, 2022.
Cricut Q3 revenue up 24% to $260M; net income down 34%, paid subs up 56%
Revenue $260.1M (+24.4% YoY); net income $30.0M (-33.6% YoY); diluted EPS $0.13.
Cricut EVP of Sales Gregory Rowberry to retire; Frank Iarusci appointed as replacement
Gregory Rowberry to retire as EVP of Sales effective December 31, 2021, after 13 years.
Cricut Q2 revenue $334.5M (+42% YoY); lock-up on 25% of insider shares ends Aug 18
Revenue $334.5M (+42% YoY); connected machine revenue $146.3M (+29%), subscriptions $50.7M (+111%).
Cricut also announced that Matt Tuttle would succeed Mr. Olsen as Cricut’s General Counsel, effective April 30, 2025.
On April 29, 2025, Don Olsen, General Counsel and Corporate Secretary of Cricut, Inc. (Cricut), who has been with Cricut for nearly 18 years, informed Cricut of his intention to step down from his position as General Counsel to pursue another opportunity.
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.
On September 28, 2024, the Board of Directors (the “Board”) of Cricut, Inc. (the “Company”), increased the size of the Board to eight members and appointed Ms. Heidi Zak, the Co-Founder and Chief Executive Officer of ThirdLove, to the Board.
On January 3, 2022, Martin Petersen, Chief Financial Officer of Cricut, Inc. (Cricut), who has been with Cricut for over 10 years, informed Cricut of his intention to step down from his position as Chief Financial Officer, effective March 31, 2022, and to retire from Cricut effective September 30, 2022.
Cricut also announced that Kimball Shill will succeed Mr. Petersen as Cricut’s Chief Financial Officer, effective April 1, 2022.
Cricut also announced that Frank Iarusci would be joining Cricut as Executive Vice President of Sales, Americas, effective October 4, 2021.
On September 14, 2021, Gregory Rowberry, Cricut’s Executive Vice President, Sales, who has been with Cricut for over 13 years, informed Cricut of his intention to retire effective December 31, 2021.
Max materiality 0.85 · Median 0.70 · Most common event earnings