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Cricut cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$23.7M in Q3 2026 · $183M over twelve months

Operating cash flow$23.7M
Free cash flow+$23.7M
Cash / net income0.9×
Cash conversion cycle104 days

Analysis

In Q3 2026, Cricut generated $23.7M of operating cash flow. That is $3.2M more than in Q3 2025 ($20.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $183M; the largest uses were other investing ($115M), dividends ($42.1M), buybacks ($31.4M); the cash balance fell by $13.3M.

Operating cash flow was $23.7M against net income of $27.8M — 0.9× profit, less cash than reported earnings, worth checking against working capital. The largest differences: payables +$47.2M, inventory −$34.0M, receivables −$33.5M.

Its cash conversion cycle was 104 days (receivables 43 + inventory 151 − payables 90).

Free cash flow

Cricut: free cash flow by quarterCricut: free cash flow by quarter$103MQ4 2024$61.2MQ1 2025$36.2MQ2 2025$20.5MQ3 2025$82.4MQ4 2025$26.9MQ1 2026$50.4MQ2 2026$23.7MQ3 2026
Operating cash flow less capital spending.
Cricut: operating cash flow against capital spendingCricut: operating cash flow against capital spendingOperating cash flowCapital spending$103M$0Q4 2024$61.2M$0Q1 2025$36.2M$0Q2 2025$20.5M$0Q3 2025$82.4M$0Q4 2025$26.9M$0Q1 2026$50.4M$0Q2 2026$23.7M$0Q3 2026
Latest (Q3 2026): Operating cash flow $23.7M, Capital spending $0.

Capital allocation, year by year

Cricut: where the cash came from (up) and went (down), by fiscal yearCricut: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedBuybacksDividendsFY2021: Operating cash flow −$105MFY2021: Shares issued $262M$262MFY2021FY2022: Operating cash flow $118MFY2022: Shares issued $31KFY2022: Buybacks −$18.6M$118MFY2022FY2023: Operating cash flow $288MFY2023: Shares issued $383KFY2023: Buybacks −$20.3MFY2023: Dividends −$294M$288MFY2023FY2024: Operating cash flow $265MFY2024: Buybacks −$38.5MFY2024: Dividends −$110M$265MFY2024FY2025: Operating cash flow $200MFY2025: Buybacks −$24.7MFY2025: Dividends −$202M$200MFY2025
Over these 5 years operating cash flow totalled $766M; the largest uses were dividends ($606M) and operating cash flow ($105M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$273M
Debtnone
Net cash$273M

Cricut funds itself: free cash flow was $183M over the last twelve months, with $273M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Cricut: sources (+) and uses (−) of cash, Q3 2026Cricut: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$92.3MOther investing−$88.7MOperating cash flow$23.7MDividends−$20.9MBuybacks−$5.9MTaxes on employees’ shares−$426KExchange rates−$30K
Cricut: sources (+) and uses (−) of cash, TTM to Q3 2026Cricut: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$183MOther investing−$115MDividends−$42.1MBuybacks−$31.4MCash drawn (+) / kept (−)$13.3MTaxes on employees’ shares−$8.6MExchange rates−$4K

From profit to cash

Cricut: net income to operating cash flow, Q3 2026Cricut: net income to operating cash flow, Q3 2026Net income$27.8MDepreciation & amortization$6.4MStock-based pay$6.0MDeferred taxes−$1.7MReceivables−$33.5MInventory−$34.0MPayables$47.2MAccrued liabilities$12.8MDeferred revenue−$1.6MPrepaid and other assets−$1.3MOperating cash flow$23.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20264315190104
Q2 202641257128170
Q1 20264515387112
Q4 2025411126093
Q3 20254617485136
Q2 20254117884134
Q1 20254818878158
Q4 20244313039134

Every quarter

QuarterOperating cash flowBuybacksDividendsCash drawn (+) / kept (−)Free cash flow
Q3 2026$23.7M−$5.9M−$20.9M$92.3M$23.7M
Q2 2026$50.4M−$7.5M—−$30.4M$50.4M
Q1 2026$26.9M−$12.3M−$21.2M$19.7M$26.9M
Q4 2025$82.4M−$5.7M−$29K−$68.3M$82.4M
Q3 2025$20.5M−$2.4M−$181M$110M$20.5M
Q2 2025$36.2M−$4.7M—−$45.9M$36.2M
Q1 2025$61.2M−$12.0M−$21.5M−$20.0M$61.2M
Q4 2024$103M−$8.0M−$197K−$89.8M$103M

Cricut: income statement and cash flow

Cricut, Q3 2026: revenue $189M (+11% year over year), operating margin 18.0%. The chart follows the revenue to costs, profit and cash.

Cricut: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.