Financial Snapshot

Revenue
$734.5M
TTM
Gross Margin
49.06%
TTM
Net Earnings
$62.19M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
315.66%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$475.8M
Q3 2024
Cash
Q3 2024
P/E
19.69
Nov 29, 2024 EST
Free Cash Flow
$234.7M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $765.1M $886.3M $1.306B $959.0M $486.6M $339.8M
YoY Change -13.67% -32.15% 36.2% 97.11% 43.19%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $765.1M $886.3M $1.306B $959.0M $486.6M $339.8M
Cost Of Revenue $421.9M $536.4M $848.8M $626.7M $344.2M $228.7M
Gross Profit $343.3M $349.9M $457.5M $332.4M $142.4M $111.1M
Gross Profit Margin 44.87% 39.48% 35.02% 34.66% 29.26% 32.7%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $208.3M $193.0M $185.2M $92.93M $62.12M $47.60M
YoY Change 7.89% 4.21% 99.32% 49.61% 30.49%
% of Gross Profit 60.67% 55.17% 40.49% 27.96% 43.64% 42.84%
Research & Development $65.05M $76.91M $79.81M $38.93M $26.67M $24.10M
YoY Change -15.43% -3.63% 105.02% 45.95% 10.68%
% of Gross Profit 18.95% 21.98% 17.45% 11.71% 18.74% 21.69%
Depreciation & Amortization $30.04M $26.96M $19.39M $14.12M $9.178M $8.100M
YoY Change 11.43% 39.04% 37.35% 53.8% 13.31%
% of Gross Profit 8.75% 7.7% 4.24% 4.25% 6.45% 7.29%
Operating Expenses $273.3M $269.9M $265.0M $131.9M $88.79M $71.60M
YoY Change 1.25% 1.85% 101.0% 48.51% 24.01%
Operating Profit $69.99M $79.95M $192.4M $200.5M $53.56M $39.50M
YoY Change -12.47% -58.45% -4.04% 274.36% 35.6%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $323.0K $289.0K $298.0K -$1.200M -$3.300M -$1.900M
YoY Change 11.76% -3.02% -124.83% -63.64% 73.68%
% of Operating Profit 0.46% 0.36% 0.15% -0.6% -6.16% -4.81%
Other Income/Expense, Net $9.798M $2.028M -$32.00K -$1.320M -$3.293M
YoY Change 383.14% -6437.5% -97.58% -59.91%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $79.80M $82.00M $192.4M $199.2M $50.30M $36.20M
YoY Change -2.68% -57.38% -3.41% 296.02% 38.95%
Income Tax $26.15M $21.32M $51.90M $44.62M $11.06M $8.700M
% Of Pretax Income 32.77% 25.99% 26.98% 22.4% 21.98% 24.03%
Net Earnings $53.64M $60.67M $140.5M $154.6M $39.21M $27.40M
YoY Change -11.59% -56.81% -9.12% 294.22% 43.11%
Net Earnings / Revenue 7.01% 6.84% 10.75% 16.12% 8.06% 8.06%
Basic Earnings Per Share $0.25 $0.28 $0.67 $0.74 $0.19
Diluted Earnings Per Share $0.24 $0.28 $0.64 $0.74 $0.19 $123.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

No data

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $245.1M $299.2M $241.6M $122.2M $6.700M $6.000M
YoY Change -18.07% 23.84% 97.71% 1723.88% 11.67%
Cash & Equivalents $142.2M $224.9M $241.6M $122.2M $6.700M $6.000M
Short-Term Investments $103.0M $74.26M
Other Short-Term Assets $19.11M $23.84M $32.82M $4.900M $1.900M $6.500M
YoY Change -19.83% -27.36% 569.8% 157.89% -70.77%
Inventory $244.5M $351.7M $454.2M $248.7M $213.2M $145.1M
Prepaid Expenses
Receivables $98.12M $128.0M $193.3M $160.7M $64.90M $60.80M
Other Receivables $13.13M $8.550M $6.205M $2.200M $500.0K $500.0K
Total Short-Term Assets $620.0M $811.3M $928.1M $538.8M $287.2M $218.9M
YoY Change -23.58% -12.59% 72.25% 87.6% 31.2%
Property, Plant & Equipment $59.97M $80.49M $70.91M $33.40M $25.30M $16.00M
YoY Change -25.49% 13.5% 112.32% 32.02% 58.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $70.19M $57.12M $5.717M $6.900M $2.100M $2.200M
YoY Change 22.87% 899.13% -17.14% 228.57% -4.55%
Total Long-Term Assets $130.2M $138.4M $78.15M $42.60M $30.40M $22.70M
YoY Change -5.94% 77.05% 83.45% 40.13% 33.92%
Total Assets $750.1M $949.6M $1.006B $581.4M $317.6M $241.6M
YoY Change
Accounts Payable $76.86M $63.20M $204.7M $251.7M $95.80M $82.30M
YoY Change 21.62% -69.13% -18.67% 162.73% 16.4%
Accrued Expenses $5.230M $5.436M $3.755M
YoY Change -3.79% 44.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $32.60M $29.10M
YoY Change -100.0% 12.03%
Long-Term Debt Due $0.00 $5.000M $4.000M
YoY Change -100.0% 25.0%
Total Short-Term Liabilities $196.5M $254.1M $308.4M $346.5M $175.6M $146.1M
YoY Change -22.67% -17.61% -11.01% 97.32% 20.19%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $17.80M $11.70M
YoY Change -100.0% 52.14%
Other Long-Term Liabilities $18.79M $22.84M $23.91M $6.000M $2.300M $1.800M
YoY Change -17.74% -4.48% 298.45% 160.87% 27.78%
Total Long-Term Liabilities $18.79M $22.84M $23.91M $6.000M $20.10M $13.50M
YoY Change -17.74% -4.48% 298.45% -70.15% 48.89%
Total Liabilities $215.2M $276.9M $332.3M $352.5M $196.5M $161.9M
YoY Change -22.26% -16.67% -5.74% 79.39% 21.37%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 216.9M shares 214.5M shares 208.8M shares 208.1M shares 208.1M shares
Diluted Shares Outstanding 219.7M shares 220.6M shares 219.8M shares 208.1M shares 208.1M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

Stock Price

Market Cap: $1.2246 Billion

About Cricut, Inc.

Cricut, Inc., distributes scrap book, craft and home decor items. The company is headquartered in South Jordan, Utah and currently employs 690 full-time employees. The company went IPO on 2021-03-25. The firm designs and builds its ecosystem of connected cutting machines, accessories, and materials for scalability and integration. Its segments include Connected Machines, Subscriptions and Accessories and Materials. The Connected Machines segment is engaged in the sale of its connected machine hardware and related essential software. The Accessories and Materials segment consists of craft, do it yourself (DIY), home decor products and heat presses. The firm's products include a flagship line of smart cutting machines - the Cricut Maker series, the Cricut Explore series, and Cricut Joy series, and Cricit Venture series - accompanied by other tools like Cricut EasyPress, the Infusible Ink system, and a diverse collection of materials. The Cricut platform centers around its cloud-based app, Cricut Design Space, giving users access to create and work on their projects anywhere, at any time, across desktop and mobile devices.

Industry: Special Industry Machinery, NEC Peers: Aterian, Inc. Hamilton Beach Brands Holding Co IROBOT CORP Traeger, Inc. Weber Inc. WHIRLPOOL CORP /DE/