Filing Flows › Cricut (CRCT) › Q3 2026 › vs Q2 2026
Cricut (CRCT) Q3 2026 vs Q2 2026 (quarter over quarter)
Cricut's revenue rose $32.3M (+21%) from $156M in Q2 2026 to $189M in Q3 2026. The biggest changes: Products +$31.5M (+44%); Platform +$869K (+1%). Gross margin 57.7% against 74.5% (-16.8 pts).
Cricut, Q3 2026: revenue $189M (+11% year over year), operating margin 18.0%, net earnings $27.8M, operating cash flow $23.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 57.7% | 74.5% | -16.8 pts |
| Operating margin | 18.0% | 30.3% | -12.4 pts |
| Net margin | 14.8% | 25.0% | -10.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Products | $103M | $71.3M | $31.5M | +44% |
| Platform | $85.9M | $85.0M | $869K | +1% |
| Revenue | $189M | $156M | $32.3M | +21% |
| Gross profit | $109M | $116M | −$7.5M | -6% |
| Cost of revenue | $79.7M | $39.9M | $39.9M | +100% |
| Other income, net | $2.5M | $2.9M | −$412K | -14% |
| Operating profit | $33.9M | $47.4M | −$13.5M | -29% |
| Operating expenses | $75.0M | $69.0M | $6.0M | +9% |
| Pre-tax earnings | $36.4M | $50.3M | −$13.9M | -28% |
| Research & development | $17.1M | $16.9M | $223K | +1% |
| Sales & marketing | $41.2M | $38.0M | $3.2M | +8% |
| General & admin | $16.7M | $14.1M | $2.6M | +18% |
| Net earnings | $27.8M | $39.1M | −$11.2M | -29% |
| Income tax | $8.5M | $11.3M | −$2.7M | -24% |
| Depreciation & amortization | $6.4M | $6.1M | $303K | +5% |
| Share-based compensation | $6.0M | $5.7M | $247K | +4% |
| Working capital & other | $16.6M | $579K | $16.0M | 29× |
| Operating cash flow | $23.7M | $50.4M | −$26.7M | -53% |
Questions
How much did Cricut's revenue grow quarter over quarter in Q3 2026?
Cricut's revenue rose $32.3M (+21%) from $156M in Q2 2026 to $189M in Q3 2026.
What drove Cricut's revenue change in Q3 2026?
Products +$31.5M (+44%); Platform +$869K (+1%).