Filing Flows › Cricut (CRCT) › Q2 2026 › vs Q1 2026
Cricut (CRCT) Q2 2026 vs Q1 2026 (quarter over quarter)
Cricut's revenue fell $3.2M (-2%) from $159M in Q1 2026 to $156M in Q2 2026. The biggest changes: Products −$3.4M (-5%); Platform +$241K (+0.3%). Gross margin 74.5% against 58.1% (+16.4 pts).
Cricut, Q2 2026: revenue $156M (-9% year over year), operating margin 30.3%, net earnings $39.1M, operating cash flow $50.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 74.5% | 58.1% | +16.4 pts |
| Operating margin | 30.3% | 14.4% | +16.0 pts |
| Net margin | 25.0% | 12.7% | +12.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Platform | $85.0M | $84.8M | $241K | +0.3% |
| Products | $71.3M | $74.7M | −$3.4M | -5% |
| Revenue | $156M | $159M | −$3.2M | -2% |
| Gross profit | $116M | $92.7M | $23.7M | +26% |
| Cost of revenue | $39.9M | $66.8M | −$26.9M | -40% |
| Other income, net | $2.9M | $2.2M | $697K | +32% |
| Operating profit | $47.4M | $22.9M | $24.5M | +107% |
| Operating expenses | $69.0M | $69.8M | −$822K | -1% |
| Pre-tax earnings | $50.3M | $25.1M | $25.2M | +101% |
| Research & development | $16.9M | $16.6M | $257K | +2% |
| Sales & marketing | $38.0M | $36.3M | $1.7M | +5% |
| General & admin | $14.1M | $16.9M | −$2.7M | -16% |
| Net earnings | $39.1M | $20.3M | $18.7M | +92% |
| Income tax | $11.3M | $4.8M | $6.5M | +136% |
| Depreciation & amortization | $6.1M | $5.6M | $530K | +9% |
| Share-based compensation | $5.7M | $6.5M | −$729K | -11% |
| Working capital & other | $579K | $5.5M | −$5.0M | -90% |
| Operating cash flow | $50.4M | $26.9M | $23.5M | +88% |
Questions
How much did Cricut's revenue grow quarter over quarter in Q2 2026?
Cricut's revenue fell $3.2M (-2%) from $159M in Q1 2026 to $156M in Q2 2026.
What drove Cricut's revenue change in Q2 2026?
Products −$3.4M (-5%); Platform +$241K (+0.3%).