Core Insights - Cricut, Inc. reported a 2% increase in revenue for Q2 2025, totaling $172.1 million compared to Q2 2024 [1][6] - The company achieved a net income of $24.5 million, reflecting a 24% increase year-over-year [1][6] - Paid subscribers grew by 7% year-over-year, surpassing 3 million [1][7] Financial Performance - Revenue for Q2 2025 was $172.1 million, up 2% from $167.9 million in Q2 2024 [1][6] - Platform revenue reached $80.7 million, a 4% increase from the previous year, while product revenue was $91.4 million, up 1% [6] - Gross margin improved to 59.0%, up from 53.5% in Q2 2024 [6] - Operating income was $30.1 million, representing a 14% increase from $26.4 million in Q2 2024 [6] - Diluted earnings per share increased to $0.11 from $0.09 in Q2 2024 [6] Cash Flow and Capital Allocation - The company generated $36 million in cash from operations, slightly up from $35 million a year ago [4] - Cricut ended Q2 with cash and cash equivalents of $377 million and remains debt-free [4] - A total of $181 million was paid in dividends after the quarter closed, with $49 million remaining on the stock repurchase program [4][8] Subscriber and User Metrics - Paid subscribers increased to over 3 million, marking a 7% growth year-over-year [7] - The average revenue per user (ARPU) for the platform rose to $53.84, a 2% increase from the previous year [7][10] - Active users remained relatively stable at just over 5.9 million, while 90-day engaged users decreased slightly by less than 2% year-over-year [7][10] Business Strategy and Outlook - The CEO emphasized a focus on accelerating investments in hardware product development, materials, engagement, and marketing to drive future revenue growth [2] - The company is navigating uncertainties introduced by tariffs while maintaining a commitment to long-term growth [2]

Core Points - Cricut, Inc. will report its financial results for Q2 2025 on August 5, 2025, after U.S. market close [1] - A conference call and webcast will be held on the same day at 3:00 p.m. Mountain Time [1] - The earnings call will be accessible via Cricut's investor relations website [2] Company Overview - Cricut, Inc. is a creative technology company that provides a connected platform for DIY projects, including smart cutting machines and design software [4] - The company offers a range of products, including the Cricut Maker series, Cricut Explore series, Cricut Joy, and Cricut Venture, along with tools like Cricut EasyPress and Infusible Ink [4] - Cricut fosters a community of millions of users globally, enhancing the creative experience [4] Investor Relations - Cricut will use its investor relations website and Cricut News Blog to disclose material non-public information [5] - Stakeholders are encouraged to monitor these platforms along with press releases and SEC filings for updates [5]

Paid subscribers up 6% over Q1 2024 to just over 2.97 million Q1 2025 revenue of $162.6 million, down 3% compared to Q1 2024 Net income of $23.9 million, up 22% compared to Q1 2024 Board authorizes three capital allocation items SOUTH JORDAN, Utah, May 06, 2025 (GLOBE NEWSWIRE) -- Cricut, Inc. ("Cricut") (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced financial results for its first quarter ended March 31, 2025. ...