Cricut (CRCT) Revenue & Revenue Breakdown
Cricut Revenue Highlights
Latest Revenue (Y)
$765.15M
Latest Revenue (Q)
$167.95M
Main Segment (Y)
Subscriptions
Main Geography (Y)
North America
Cricut Revenue by Period
Cricut Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $765.15M | -13.67% |
| 2022-12-31 | $886.30M | -32.15% |
| 2021-12-31 | $1.31B | 36.20% |
| 2020-12-31 | $959.03M | 97.11% |
| 2019-12-31 | $486.55M | 43.19% |
| 2018-12-31 | $339.79M | - |
Cricut generated $765.15M in revenue during NA 2023, up -13.67% compared to the previous quarter, and up 225.18% compared to the same period a year ago.
Cricut Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $167.95M | 0.33% |
| 2024-03-31 | $167.39M | -27.61% |
| 2023-12-31 | $231.25M | 32.21% |
| 2023-09-30 | $174.91M | -1.61% |
| 2023-06-30 | $177.76M | -1.91% |
| 2023-03-31 | $181.23M | -35.45% |
| 2022-12-31 | $280.76M | 58.63% |
| 2022-09-30 | $177.00M | -3.68% |
| 2022-06-30 | $183.76M | -24.93% |
| 2022-03-31 | $244.78M | -36.88% |
| 2021-12-31 | $387.83M | 49.11% |
| 2021-09-30 | $260.09M | -22.24% |
| 2021-06-30 | $334.49M | 3.30% |
| 2021-03-31 | $323.82M | -12.71% |
| 2020-12-31 | $370.97M | 77.49% |
| 2020-09-30 | $209.00M | -11.19% |
| 2020-06-30 | $235.34M | 63.74% |
| 2020-03-31 | $143.72M | -17.23% |
| 2019-12-31 | $173.63M | 54.40% |
| 2019-09-30 | $112.46M | - |
Cricut generated $167.95M in revenue during Q2 2024, up 0.33% compared to the previous quarter, and up 92.67% compared to the same period a year ago.
Cricut Revenue Breakdown
Cricut Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Subscriptions | $303.99M | $272.34M | $205.86M |
| Accessories And Materials | $262.85M | $361.39M | $552.16M |
| Connected Machines | $198.31M | $252.56M | $548.21M |
Cricut's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscriptions (39.73%), Accessories And Materials (34.35%), and Connected Machines (25.92%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accessories And Materials | $52.16M | $77.33M | $49.15M | $64.35M | $72.01M | $107.35M | $55.71M | $80.72M | $117.61M | $173.98M | $104.33M | $137.49M | $136.36M |
| Connected Machines | $36.95M | $77.40M | $49.49M | $37.28M | $34.13M | $102.31M | $52.42M | $35.44M | $62.39M | $158.10M | $102.45M | $146.33M | $141.32M |
| Subscriptions | - | $76.51M | $76.27M | $76.13M | $75.08M | $71.10M | $68.86M | $67.60M | $64.78M | $55.74M | $53.30M | $50.67M | $46.14M |
Cricut's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Accessories And Materials (58.53%), and Connected Machines (41.47%).
Cricut Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| North America | $609.93M | $743.96M | $1.16B |
| International | $155.21M | - | - |
Cricut's latest annual revenue breakdown by geography, as of Dec 23: North America (79.71%), and International (20.29%).
Quarterly Revenue by Country
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| International | $32.56M | $117.63M | $37.59M | - | - | - | - | - | - | - | - | - | - |
| North America | $134.84M | $179.73M | $137.32M | $145.12M | $147.75M | $226.82M | $149.36M | $159.48M | $208.31M | $332.31M | $228.86M | $306.17M | $290.34M |
Cricut's latest quarterly revenue breakdown by geography, as of Mar 24: North America (80.55%), and International (19.45%).
Cricut Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| ANET | Arista Networks | $5.86B | $1.69B |
| SMCI | Super Micro Computer | $5.84B | $3.85B |
| CRCT | Cricut | $765.15M | $167.95M |
| SSYS | Stratasys | $627.60M | $144.05M |
| QMCO | Quantum | $311.60M | $71.34M |
| DM | Desktop Metal | $189.70M | $36.41M |
| VLD | Velo3D | $77.56M | $10.34M |
| NNDM | Nano Dimension | $56.31M | $13.51M |
| IONQ | IonQ | $22.04M | $7.58M |
| RGTI | Rigetti Computing | $12.01M | $3.09M |
| QBTS | D-Wave Quantum | $8.76M | $2.18M |
| QUBT | Quantum Computing | $358.05K | $183.00K |
CRCT Revenue FAQ
What is Cricut’s yearly revenue?
Cricut's yearly revenue for 2023 was $765.15M, representing a decrease of -13.67% compared to 2022. The company's yearly revenue for 2022 was $886.3M, representing a decrease of -32.15% compared to 2021. CRCT's yearly revenue for 2021 was $1.31B, representing an increase of 36.20% compared to 2020.
What is Cricut’s quarterly revenue?
Cricut's quarterly revenue for Q2 2024 was $167.95M, a 0.33% increase from the previous quarter (Q1 2024), and a -5.52% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $167.39M, a -27.61% decrease from the previous quarter (Q4 2023), and a -7.63% decrease year-over-year (Q1 2023). CRCT's quarterly revenue for Q4 2023 was $231.25M, a 32.21% increase from the previous quarter (Q3 2023), and a -17.64% decrease year-over-year (Q4 2022).
What is Cricut’s revenue growth rate?
Cricut's revenue growth rate for the last 3 years (2021-2023) was -41.42%, and for the last 5 years (2019-2023) was 57.26%.
What are Cricut’s revenue streams?
Cricut's revenue streams in c 23 are Subscriptions, Accessories And Materials, and Connected Machines. Subscriptions generated $303.99M in revenue, accounting 39.73% of the company's total revenue, up 11.62% year-over-year. Accessories And Materials generated $262.85M in revenue, accounting 34.35% of the company's total revenue, down -27.27% year-over-year. Connected Machines generated $198.31M in revenue, accounting 25.92% of the company's total revenue, down -21.48% year-over-year.
What is Cricut’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Cricut was Subscriptions. This segment made a revenue of $303.99M, representing 39.73% of the company's total revenue.