Quarterly ResultMay 5, 2026, 04:14 PM
Cricut Q1 Revenue $159.5M, Net Income $20.3M; Declares $0.10 Dividend
AI Summary
Cricut, Inc. reported its first-quarter 2026 financial results, with revenue declining 2% to $159.5 million and net income falling 15% to $20.3 million. Despite the overall revenue decline, platform revenue grew nearly 6% to $84.8 million, and paid subscribers increased 3% year-over-year. The company also declared a recurring semi-annual dividend of $0.10 per share and continued its stock repurchase program.
Key Highlights
- Declared a recurring semi-annual dividend of $0.10 per share, payable July 2026.
- Q1 2026 revenue was $159.5 million, down 2% compared to Q1 2025.
- Net income for Q1 2026 was $20.3 million, down 15% from Q1 2025.
- Platform revenue grew nearly 6% to $84.8 million in Q1 2026.
- Paid Subscribers increased 3% year-over-year to just under 3.08 million.
- Repurchased $12.2 million of common stock in Q1 2026.
- Ended Q1 2026 with approximately $256 million in cash and no debt.