Filing Flows › Cricut (CRCT) › Q3 2025
Cricut (CRCT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Cricut (CRCT) reported revenue of $170M for the third quarter 2025 (Q3 2025), +2% from a year earlier and -1% from the quarter before. Operating margin was 13.3%, net earnings $20.5M (12.0% of revenue).
Cricut, Q3 2025: revenue $170M (+2% year over year), operating margin 13.3%, net earnings $20.5M, operating cash flow $20.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $170M | -1% | +2% |
| Gross profit | $94.1M | -7% | +22% |
| Operating profit | $22.7M | -25% | +114% |
| Net earnings | $20.5M | -16% | +79% |
| Operating cash flow | $20.5M | -43% | -71% |
What changed
Revenue was $170.4M in Q3 2025, up 2% year over year and down 1% from the previous quarter. Platform was the largest line at 49% of revenue. Connected machines added $5.4M year over year (up 12%), 212% of the total change. Accessories and materials declined 17%.
Gross margin was 55.2%, up 9.1 points from a year earlier. Operating profit was $22.7M, a 13.3% margin (up 7.0 points year over year). Of the extra revenue versus a year earlier, 473% reached operating profit, above the 6% margin then. Operating expenses grew 7% against revenue growth of 2%. The fastest-growing cost line was Research & development (+11%). Net earnings were $20.5M, up 79% year over year. The effective tax rate was 20.0%.
Operating cash flow was $20.5M (down 71% year over year), 100% of net earnings. Non-cash charges added back $6.1M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items used $13.5M.
Questions
What was Cricut's revenue in the third quarter 2025?
Cricut (CRCT) reported revenue of $170M for the third quarter 2025 (Q3 2025), +2% from a year earlier and -1% from the quarter before.
Was Cricut profitable in the third quarter 2025?
Operating profit was $22.7M (13.3% of revenue) and net earnings $20.5M.
Source: Cricut 10-Q on SEC EDGAR.