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Cricut (CRCT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Cricut (CRCT) reported revenue of $156M for the second quarter 2026 (Q2 2026), -9% from a year earlier and -2% from the quarter before. Operating margin was 30.3%, net earnings $39.1M (25.0% of revenue).
Cricut, Q2 2026: revenue $156M (-9% year over year), operating margin 30.3%, net earnings $39.1M, operating cash flow $50.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $156M | -2% | -9% |
| Gross profit | $116M | +26% | +15% |
| Operating profit | $47.4M | +107% | +58% |
| Net earnings | $39.1M | +92% | +59% |
| Operating cash flow | $50.4M | +88% | +39% |
What changed
Revenue was $156.3M in Q2 2026, down 9% year over year and down 2% from the previous quarter. Platform was the largest line at 54% of revenue. Products lost $20.1M year over year (down 22%), 127% of the total change.
Gross margin was 74.5%, up 15.5 points from Q2 2025. Operating profit was $47.4M, a 30.3% margin (up 12.8 points year over year). Operating expenses fell 3% while revenue fell 9%. Net earnings were $39.1M, up 59% year over year. The effective tax rate was 22.4%.
Operating cash flow was $50.4M (up 39% year over year), 129% of net earnings. Non-cash charges added back $6.1M of depreciation and amortization and $5.7M of share-based compensation.
Questions
What was Cricut's revenue in the second quarter 2026?
Cricut (CRCT) reported revenue of $156M for the second quarter 2026 (Q2 2026), -9% from a year earlier and -2% from the quarter before.
Was Cricut profitable in the second quarter 2026?
Operating profit was $47.4M (30.3% of revenue) and net earnings $39.1M.
Source: Cricut 10-Q on SEC EDGAR.