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 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 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.
Max materiality 0.85 · Median 0.70 · Most common event earnings