Cricut(US:CRCT) Globenewswire·2025-11-04 21:05Core Insights - Cricut, Inc. reported a 2% increase in revenue for Q3 2025, totaling $170.4 million, compared to Q3 2024 [1][6] - The company achieved a net income of $20.5 million, reflecting a significant 79% increase year-over-year [1][6] - Cricut announced a recurring semi-annual dividend of $0.10 per share, to be paid in January 2026 [1][4] Financial Performance - Revenue for Q3 2025 was $170.4 million, up 2% from $167.9 million in Q3 2024 [6][21] - Operating income surged by 114% to $22.7 million, representing 13.3% of total revenue [6][21] - Gross margin improved to 55.2%, up from 46.1% in Q3 2024 [6][21] - Diluted earnings per share increased to $0.10, compared to $0.05 in Q3 2024 [6][23] Subscriber and User Metrics - The number of paid subscribers grew by 6% year-over-year, exceeding 3 million [1][7] - The average revenue per user (ARPU) for the platform increased to $54.96, a 4% rise from the previous year [7][13] - Active users remained relatively stable at nearly 5.9 million, while 90-day engaged users decreased by 3% to 3.4 million [7][9] Cash Flow and Capital Allocation - The company generated $20 million in cash from operations during Q3 2025 [4][6] - Cricut repurchased 441,000 shares for $2.3 million, with $46.9 million remaining on its stock repurchase program [4][6] - The board of directors views the current level of capital allocation, including stock repurchases and dividends, as appropriate given the company's financial plans [5]