CRCT Q3 2023 Earnings — Cricut, Inc. Revenue & Financial Results | Market Cap Arena

CRCTCricut, Inc.

$873M

Q3 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$175M-1.2% YoY

Gross Profit

$82M46.8% margin

Operating Income

$24M13.5% margin

Net Income

$17M9.8% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

-1.6%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$30M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$719M

Total Liabilities

$193M

Stockholders' Equity

$526M

Cash & Equivalents

$73M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$175M	$177M	-1.2%
Gross Profit	$82M	$82M	+0.1%
Operating Income	$24M	$17M	+36.0%
Net Income	$17M	$12M	+38.4%

Revenue Segments

Subscriptions

$76M44%

Connected Machines

$49M28%

Accessories And Materials

$49M28%

Geographic Segments

North America

$137M79%

International

$38M21%