Earnings ·
Cricut Reports Q3 Revenue of $188.6M, Up 11%, Announces $0.80 Total Dividend
CRCTCricut, Inc.
Cricut reported third-quarter revenue of $188.6 million, an 11% increase from the prior year period, driven by a 17% rise in product sales to $102.7 million and 4% growth in platform revenue to $85.9 million. Net income reached $27.8 million, up 36%, while diluted earnings per share rose to $0.13 from $0.10. The company also announced a recurring semi-annual dividend of $0.10 per share and a special dividend of $0.70 per share, totaling $0.80 per share, payable in January 2027. Paid subscribers grew 2% year-over-year to over 3.07 million. Cricut is a creative technology company that provides connected hardware, software, and subscription services for personal crafting.