Cricut, Inc. designs and markets a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates in three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations. Its connected machines include Cricut Joy, Cricut Explore, and Cricut Maker to cut, write, score, and create decorative effects using various materials, such as paper, vinyl, leather, and others; and design apps comprise Design Space app and Cricut Joy-specific app. The company also provides Cricut Access and Cricut Access Premium subscription offerings, and in-app purchases; and a software that integrates its connected machines and design apps. In addition, it offers a range of accessories and materials, such as Cricut EasyPress, Cricut Mug Press, various hand tools, machine replacement tools and blades, and project materials. The company offers its products through its third-party brick-and-mortar and online retail partners; and its website cricut.com, as well as through a network of distributors. It operates in the United States, the United Kingdom, Ireland, Australia, New Zealand, and Western Europe, as well as the Middle East, Latin America, South Africa, and Asia. The company was formerly known as Provo Craft & Novelty, Inc. and changed its name to Cricut, Inc. in March 2018. The company was incorporated in 1969 and is headquartered in South Jordan, Utah.
Company profile
Ticker
CRCT
Exchange
Website
CEO
Mr. Ashish Arora
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
resTORbio, Inc.
SEC CIK
Corporate docs
IRS number
870282025
CRCT stock data
Latest filings (excl ownership)
8-K
Cricut Adds New Independent Board Member Heidi Zak
30 Sep 24
10-Q
2024 Q2
Quarterly report
6 Aug 24
8-K
Cricut, Inc. Reports Second Quarter 2024 Financial Results
6 Aug 24
SD
Conflict minerals disclosure
29 May 24
8-K
Submission of Matters to a Vote of Security Holders
17 May 24
10-Q
2024 Q1
Quarterly report
7 May 24
8-K
Cricut, Inc. Reports First Quarter 2024 Financial Results
7 May 24
ARS
2023 FY
Annual report to shareholders
3 Apr 24
DEFA14A
Additional proxy soliciting materials
3 Apr 24
DEF 14A
Definitive proxy
3 Apr 24
Transcripts
CRCT
Earnings call transcript
2024 Q2
6 Aug 24
CRCT
Earnings call transcript
2024 Q1
7 May 24
CRCT
Earnings call transcript
2023 Q4
5 Mar 24
CRCT
Earnings call transcript
2023 Q3
7 Nov 23
CRCT
Earnings call transcript
2023 Q2
8 Aug 23
CRCT
Earnings call transcript
2023 Q2
8 Aug 23
CRCT
Earnings call transcript
2023 Q1
9 May 23
CRCT
Earnings call transcript
2022 Q4
7 Mar 23
CRCT
Earnings call transcript
2022 Q3
9 Nov 22
CRCT
Earnings call transcript
2022 Q2
13 Aug 22
Latest ownership filings
4
Heidi Zak
30 Sep 24
3
Heidi Zak
30 Sep 24
4
Donald B. Olsen
30 Aug 24
144
Notice of proposed sale of securities
29 Aug 24
4
Arora Ashish
27 Aug 24
4/A
Arora Ashish
19 Aug 24
4
Arora Ashish
16 Aug 24
144
Notice of proposed sale of securities
15 Aug 24
4
Arora Ashish
13 Aug 24
144
Notice of proposed sale of securities
9 Aug 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 195.55 mm | 195.55 mm | 195.55 mm | 195.55 mm | 195.55 mm | 195.55 mm |
Cash burn (monthly) | (no burn) | 7.55 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 28.65 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 166.90 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 22.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
10.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 110 |
Opened positions | 24 |
Closed positions | 26 |
Increased positions | 44 |
Reduced positions | 27 |
13F shares | Current |
---|---|
Total value | 126.83 bn |
Total shares | 23.13 mm |
Total puts | 35.30 k |
Total calls | 46.50 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 4.47 mm | $26.79 bn |
BLK BlackRock | 3.28 mm | $19.63 bn |
Tenzing Global Management | 2.05 mm | $12.28 bn |
MS Morgan Stanley | 2.04 mm | $12.23 bn |
Geode Capital Management | 1.07 mm | $6.42 bn |
STT State Street | 987.44 k | $5.91 bn |
Arrowstreet Capital, Limited Partnership | 807.29 k | $4.84 mm |
Aqr Capital Management | 765.47 k | $4.59 bn |
Millennium Management | 725.61 k | $4.35 bn |
Gsa Capital Partners | 535.91 k | $3.21 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Sep 24 | Heidi Zak | Class A Common Stock | Grant | Acquire A | No | No | 0 | 64,935 | 0.00 | 64,935 |
29 Aug 24 | Donald B. Olsen | Class A Common Stock | Sell | Dispose S | No | No | 5.7405 | 40,000 | 229.62 k | 655,833 |
27 Aug 24 | Arora Ashish | Class A Common Stock | Conversion | Acquire C | No | Yes | 0 | 1,530,000 | 0.00 | 4,035,840 |
27 Aug 24 | Arora Ashish | Class B Common Stock Class A Common Stock | Conversion | Dispose C | No | Yes | 0 | 1,530,000 | 0.00 | 23,554,801 |
15 Aug 24 | Arora Ashish | Class A Common Stock | Conversion | Acquire C | No | No | 0 | 8,613 | 0.00 | 2,539,450 |
15 Aug 24 | Arora Ashish | Class B Common Stock Class A Common Stock | Conversion | Dispose C | No | No | 0 | 8,613 | 0.00 | 25,114,683 |