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Cricut Inc (CRCT)
NASDAQ:CRCT
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.07Last Year’s EPS
0.09Same Quarter Last Year
Moderate Sell
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 17.95%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with several positive developments such as an increase in paid subscribers, international sales growth, and strong profitability. However, these were countered by challenges like a decline in overall sales, engagement metrics, and revenue from accessories and materials, as well as uncertainty due to tariffs.Company Guidance
During Cricut's Q1 2025 earnings call, the company reported a 3% year-on-year sales decline, but highlighted positive metrics such as a 16% increase in operating income and an 8% rise in international sales. The company saw a growth of 6% in paid subscribers, totaling over 2.97 million, and noted a 4% increase in connected machines revenue. Despite a 15% decline in accessories and materials sales, Cricut launched over 100 new SKUs in their Value Line of materials. The company's gross margin improved to 60.5%, up from 54.7% the previous year. Cricut announced a special dividend of $0.75 per share, a semi-annual dividend of $0.10 per share, and replenished its stock repurchase program up to $50 million. The company continues to focus on new user acquisition, user engagement, and expanding its platform, despite challenges such as tariff uncertainties.Increase in Paid Subscribers
Paid subscribers increased over 6% year-over-year to just over 2.97 million, with sequential growth of 15,000 in Q1.
International Sales Growth
International sales grew by 8% year-over-year, with notable strength in the U.K., Germany, META, and Latin America markets.
Strong Profitability
Operating income increased by 16% year-over-year, and net income was $23.9 million, or 14.7% of total sales.
Launch of New Machines
Cricut launched the next generation cutting machines, Cricut Explore 4 and Cricut Maker 4, with positive initial feedback from retailers and users.
Capital Allocation Decisions
The Board approved a special dividend of $0.75 per share, a semi-annual dividend of $0.10 per share, and replenished the stock repurchase program up to $50 million.
Improvement in Gross Margins
Gross margin improved to 60.5% from 54.7% in Q1 2024, aided by higher product margins and a favorable product mix.
CRCT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CRCT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $5.07 | $6.10 | +20.32% |
Mar 04, 2025 | $5.22 | $5.44 | +4.21% |
Nov 05, 2024 | $6.46 | $5.48 | -15.17% |
Aug 06, 2024 | $5.75 | $6.20 | +7.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cricut Inc (CRCT) report earnings?
Cricut Inc (CRCT) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Cricut Inc (CRCT) earnings time?
Cricut Inc (CRCT) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRCT EPS forecast?
CRCT EPS forecast for the fiscal quarter 2025 (Q2) is 0.07.