CRCT Q1 2024 Earnings — Cricut, Inc. Revenue & Financial Results | Market Cap Arena

CRCTCricut, Inc.

$873M

Q1 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$167M-7.6% YoY

Gross Profit

$92M54.7% margin

Operating Income

$25M15.1% margin

Net Income

$20M11.7% margin

EPS (Diluted)

$0.09

QoQ Revenue Growth

-27.6%

Cash Flow

Operating Cash Flow

$57M

Free Cash Flow

$52M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$724M

Total Liabilities

$171M

Stockholders' Equity

$553M

Cash & Equivalents

$179M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$167M	$181M	-7.6%
Gross Profit	$92M	$77M	+19.5%
Operating Income	$25M	$11M	+139.4%
Net Income	$20M	$9M	+115.9%

Revenue Segments

Accessories And Materials

$52M59%

Connected Machines

$37M41%

Geographic Segments

North America

$135M81%

International

$33M19%