CRCT Q2 2023 Earnings — Cricut, Inc. Revenue & Financial Results | Market Cap Arena

CRCTCricut, Inc.

$873M

Q2 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$178M-3.3% YoY

Gross Profit

$88M49.3% margin

Operating Income

$19M10.8% margin

Net Income

$16M9.0% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

-1.9%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

$59M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$898M

Total Liabilities

$416M

Stockholders' Equity

$482M

Cash & Equivalents

$286M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$178M	$184M	-3.3%
Gross Profit	$88M	$85M	+2.6%
Operating Income	$19M	$20M	-3.9%
Net Income	$16M	$14M	+15.9%

Revenue Segments

Subscriptions

$76M43%

Accessories And Materials

$64M36%

Connected Machines

$37M21%

Geographic Segments

North America

$145M82%

International

$33M18%