Cricut Inc
NASDAQ:CRCT
Income Statement
Earnings Waterfall
Cricut Inc
Revenue
|
765.1m
USD
|
Cost of Revenue
|
-421.9m
USD
|
Gross Profit
|
343.3m
USD
|
Operating Expenses
|
-263.4m
USD
|
Operating Income
|
79.9m
USD
|
Other Expenses
|
-26.3m
USD
|
Net Income
|
53.6m
USD
|
Income Statement
Cricut Inc
Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||
Revenue |
487
N/A
|
524
+8%
|
665
+27%
|
762
+15%
|
959
+26%
|
1 139
+19%
|
1 238
+9%
|
1 289
+4%
|
1 306
+1%
|
1 227
-6%
|
1 077
-12%
|
993
-8%
|
886
-11%
|
823
-7%
|
817
-1%
|
815
0%
|
765
-6%
|
|
Gross Profit | ||||||||||||||||||
Cost of Revenue |
(344)
|
(376)
|
(476)
|
(514)
|
(627)
|
(731)
|
(774)
|
(812)
|
(849)
|
(791)
|
(685)
|
(622)
|
(536)
|
(495)
|
(487)
|
(485)
|
(422)
|
|
Gross Profit |
142
N/A
|
148
+4%
|
190
+28%
|
248
+31%
|
332
+34%
|
408
+23%
|
465
+14%
|
477
+3%
|
458
-4%
|
436
-5%
|
391
-10%
|
371
-5%
|
350
-6%
|
328
-6%
|
330
+1%
|
330
+0%
|
343
+4%
|
|
Operating Income | ||||||||||||||||||
Operating Expenses |
(88)
|
(98)
|
(105)
|
(115)
|
(132)
|
(160)
|
(199)
|
(231)
|
(265)
|
(277)
|
(276)
|
(276)
|
(267)
|
(269)
|
(272)
|
(265)
|
(263)
|
|
Selling, General & Administrative |
(61)
|
(68)
|
(73)
|
(80)
|
(93)
|
(115)
|
(141)
|
(163)
|
(185)
|
(192)
|
(192)
|
(194)
|
(190)
|
(191)
|
(198)
|
(195)
|
(198)
|
|
Research & Development |
(27)
|
(30)
|
(33)
|
(35)
|
(39)
|
(45)
|
(57)
|
(68)
|
(80)
|
(85)
|
(84)
|
(82)
|
(77)
|
(74)
|
(70)
|
(68)
|
(65)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
0
|
|
Operating Income |
54
N/A
|
51
-6%
|
84
+66%
|
133
+57%
|
201
+51%
|
248
+24%
|
266
+7%
|
246
-7%
|
192
-22%
|
159
-17%
|
115
-28%
|
95
-18%
|
83
-12%
|
59
-29%
|
58
-1%
|
65
+11%
|
80
+24%
|
|
Pre-Tax Income | ||||||||||||||||||
Interest Income Expense |
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
|
Non-Reccuring Items |
(1)
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(10)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
4
|
8
|
9
|
2
|
|
Pre-Tax Income |
50
N/A
|
48
-5%
|
82
+71%
|
130
+60%
|
199
+53%
|
247
+24%
|
266
+8%
|
246
-7%
|
192
-22%
|
159
-17%
|
115
-28%
|
95
-17%
|
82
-14%
|
64
-23%
|
66
+4%
|
74
+12%
|
80
+8%
|
|
Net Income | ||||||||||||||||||
Tax Provision |
(11)
|
(10)
|
(18)
|
(29)
|
(45)
|
(56)
|
(61)
|
(56)
|
(52)
|
(45)
|
(36)
|
(34)
|
(21)
|
(17)
|
(18)
|
(21)
|
(26)
|
|
Income from Continuing Operations |
39
|
37
|
63
|
101
|
155
|
191
|
205
|
190
|
141
|
115
|
79
|
62
|
61
|
46
|
48
|
53
|
54
|
|
Net Income (Common) |
39
N/A
|
37
-5%
|
63
+70%
|
101
+60%
|
155
+53%
|
191
+23%
|
205
+7%
|
190
-7%
|
141
-26%
|
115
-19%
|
79
-31%
|
62
-22%
|
61
-1%
|
46
-24%
|
48
+5%
|
53
+10%
|
54
+1%
|
|
EPS (Diluted) |
0.18
N/A
|
0.17
-6%
|
0.29
+71%
|
0.46
+59%
|
0.7
+52%
|
0.91
+30%
|
0.94
+3%
|
0.84
-11%
|
0.64
-24%
|
0.51
-20%
|
0.35
-31%
|
0.28
-20%
|
0.28
N/A
|
0.21
-25%
|
0.22
+5%
|
0.24
+9%
|
0.24
N/A
|