Cricut Inc Announces $50 Million Share Repurchase

Cricut Inc ( (CRCT) ) just unveiled an announcement.

On May 6, 2025, Cricut, Inc. announced a share repurchase program authorizing the purchase of up to $50 million of its Class A common stock, reflecting confidence in its financial health. The company reported a 6% increase in paid subscribers and a 22% rise in net income for Q1 2025, despite a 3% revenue decline. The board approved a special dividend and a recurring semi-annual dividend, signaling a robust capital allocation strategy.

Spark’s Take on CRCT Stock

According to Spark, TipRanks’ AI Analyst, CRCT is a Neutral.

Cricut Inc.’s overall score reflects strong financial health with robust cash flow and profitability. However, declining revenues and technical indicators pointing to a bearish trend weigh on the score. The valuation is reasonable, and the company’s proactive investments in growth and product innovation are positive, but challenges in user engagement and sales performance remain.

To see Spark’s full report on CRCT stock, click here.

More about Cricut Inc

Cricut, Inc. is a creative technology company that offers a connected platform for consumers to create DIY projects. Their products include smart cutting machines and design software, catering to a global user base.

Average Trading Volume: 396,398

Technical Sentiment Signal: Sell

Current Market Cap: $1.07B

Find detailed analytics on CRCT stock on TipRanks’ Stock Analysis page.