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Cricut (CRCT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Cricut (CRCT) reported revenue of $204M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and +19% from the quarter before. Operating margin was 6.8%, net earnings $7.8M (3.8% of revenue).
Cricut, Q4 2025: revenue $204M (-3% year over year), operating margin 6.8%, net earnings $7.8M, operating cash flow $82.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $204M | +19% | -3% |
| Gross profit | $96.4M | +2% | +3% |
| Operating profit | $13.9M | -38% | +0.4% |
| Net earnings | $7.8M | -62% | -35% |
| Operating cash flow | $82.4M | +303% | -20% |
What changed
Revenue was $203.6M in Q4 2025, down 3% year over year and up 19% from the previous quarter. Platform was the largest line at 41% of revenue.
Gross margin was 47.4%, up 2.5 points from a year earlier. Operating profit was $13.9M, a 6.8% margin (up 0.2 points year over year). Operating expenses grew 3% against a revenue fall of 3%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $7.8M, down 35% year over year. The effective tax rate was 50.7%.
Operating cash flow was $82.4M (down 20% year over year), 1058% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items added $61.1M.
Questions
What was Cricut's revenue in the fourth quarter 2025?
Cricut (CRCT) reported revenue of $204M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and +19% from the quarter before.
Was Cricut profitable in the fourth quarter 2025?
Operating profit was $13.9M (6.8% of revenue) and net earnings $7.8M.
Source: Cricut 10-K on SEC EDGAR.