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Cricut (CRCT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Cricut (CRCT) reported revenue of $189M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +21% from the quarter before. Operating margin was 18.0%, net earnings $27.8M (14.8% of revenue).
Cricut, Q3 2026: revenue $189M (+11% year over year), operating margin 18.0%, net earnings $27.8M, operating cash flow $23.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $189M | +21% | +11% |
| Gross profit | $109M | -6% | +16% |
| Operating profit | $33.9M | -29% | +50% |
| Net earnings | $27.8M | -29% | +36% |
| Operating cash flow | $23.7M | -53% | +16% |
What changed
Revenue was $188.6M in Q3 2026, up 11% year over year and up 21% from the previous quarter. Products was the largest line at 54% of revenue. Products added $15.1M year over year (up 17%), 83% of the total change.
Gross margin was 57.7%, up 2.5 points from Q3 2025. Operating profit was $33.9M, a 18.0% margin (up 4.7 points year over year). Of the extra revenue versus Q3 2025, 62% reached operating profit, above the 13% margin then. Operating expenses grew 5% against revenue growth of 11%. Net earnings were $27.8M, up 36% year over year. The effective tax rate was 23.5%.
Operating cash flow was $23.7M (up 16% year over year), 85% of net earnings. Non-cash charges added back $6.4M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $16.6M.
Questions
What was Cricut's revenue in the third quarter 2026?
Cricut (CRCT) reported revenue of $189M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +21% from the quarter before.
Was Cricut profitable in the third quarter 2026?
Operating profit was $33.9M (18.0% of revenue) and net earnings $27.8M.
Source: Cricut 10-Q on SEC EDGAR.