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Cricut (CRCT) Revenue & Revenue Breakdown

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Cricut Revenue Highlights

Latest Revenue (Y)

$765.15M

Latest Revenue (Q)

$167.89M

Main Segment (Y)

Subscriptions

Main Geography (Y)

North America

Cricut Revenue by Period

Cricut Revenue by Year

DateRevenueChange
2023-12-31$765.15M-13.67%
2022-12-31$886.30M-32.15%
2021-12-31$1.31B36.20%
2020-12-31$959.03M97.11%
2019-12-31$486.55M43.19%
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

DateRevenueChange
2024-09-30$167.89M-0.03%
2024-06-30$167.95M0.33%
2024-03-31$167.39M-27.61%
2023-12-31$231.25M32.21%
2023-09-30$174.91M-1.61%
2023-06-30$177.76M-1.91%
2023-03-31$181.23M-35.45%
2022-12-31$280.76M58.63%
2022-09-30$177.00M-3.68%
2022-06-30$183.76M-24.93%
2022-03-31$244.78M-36.88%
2021-12-31$387.83M49.11%
2021-09-30$260.09M-22.24%
2021-06-30$334.49M3.30%
2021-03-31$323.82M-12.71%
2020-12-31$370.97M77.49%
2020-09-30$209.00M-11.19%
2020-06-30$235.34M63.74%
2020-03-31$143.72M-17.23%
2019-12-31$173.63M54.40%
2019-09-30$112.46M-

Cricut generated $167.89M in revenue during Q3 2024, up -0.03% compared to the previous quarter, and up 94.44% compared to the same period a year ago.

Cricut Revenue Breakdown

Cricut Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Connected Machines$198.31M$252.56M$548.21M
Accessories And Materials$262.85M$361.39M$552.16M
Subscriptions$303.99M$272.34M$205.86M

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/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Accessories And Materials$46.31M$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$43.91M$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 Sep 24: Accessories And Materials (51.33%), and Connected Machines (48.67%).

Cricut Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 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

CountrySep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
North America$129.39M$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
International$38.50M$32.56M$117.63M$37.59M----------

Cricut's latest quarterly revenue breakdown by geography, as of Sep 24: North America (77.07%), and International (22.93%).

Cricut Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ANETArista Networks$5.86B$1.81B
SMCISuper Micro Computer$5.84B$3.85B
CRCTCricut$765.15M$167.89M
SSYSStratasys$627.60M$144.05M
QMCOQuantum$311.60M$71.34M
DMDesktop Metal$189.70M$36.41M
NNDMNano Dimension$56.31M$13.51M
IONQIonQ$22.04M$12.40M
RGTIRigetti Computing$12.01M$2.38M
QBTSD-Wave Quantum$8.76M$1.87M
QUBTQuantum Computing$358.05K$101.00K

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 Q3 2024 was $167.89M, a -0.03% decrease from the previous quarter (Q2 2024), and a -4.01% decrease year-over-year (Q3 2023). The company'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). CRCT'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).

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 Connected Machines, Accessories And Materials, and Subscriptions. Connected Machines generated $198.31M in revenue, accounting 25.92% of the company's total revenue, down -21.48% 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. Subscriptions generated $303.99M in revenue, accounting 39.73% of the company's total revenue, up 11.62% 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.