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Cricut, Inc. CRCT Platform — Cost of revenue

Other product segments

Products
$57.41M+3.2%

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Other financials

Income statement

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Revenue$159.5M-1.9%
Gross profit$92.7M-5.7%
Operating income$22.9M-22.0%
Net income$20.3M-15.0%
EPS (diluted)$0.10-9.1%

Balance sheet

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Cash & equivalents$236.5M-6.2%
Total debt$10.7M-26.3%
Total equity$357.5M-27.1%
Total assets$543.8M-20.2%

Cash flow

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Operating cash flow$26.9M-56.1%
CapEx$3.4M+67.0%
Free cash flow$23.5M-60.3%

Valuation

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Market cap$927.75M-33.0%
Enterprise value$701.95M-38.8%
P/E12.7×-8.0×
P/S1.3×-0.6×

Profitability

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Gross margin54.5%+3.7pp
Operating margin12.7%+1.4pp
Net margin10.4%+0.9pp
FCF margin22.8%-14.9pp

Returns & leverage

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Return on equity17.2%+4.4pp
Debt / equity0.0×
Current ratio2.7×-0.6×

Where this comes from

Reported directly by Cricut, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: Cricut, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cricut, Inc.'s platform — cost of revenue?
Cricut, Inc. (CRCT) reported platform — cost of revenue of $9.36M in Q1 2026.
How has Cricut, Inc.'s platform — cost of revenue changed year-over-year?
Cricut, Inc.'s platform — cost of revenue increased by 8.0% year-over-year, from $8.67M to $9.36M.
What is the long-term trend for Cricut, Inc.'s platform — cost of revenue?
Over 3 years (2022 to 2025), Cricut, Inc.'s platform — cost of revenue has grown at a 10.5% compound annual growth rate (CAGR), from $26.68M to $35.99M.
What does platform — cost of revenue mean?
This metric represents the direct costs incurred to deliver platform services, such as server maintenance, cloud infrastructure, and customer support for digital applications. Monitoring these expenses is essential for evaluating the cost-to-serve ratio and the underlying efficiency of the digital platform. Lower costs relative to revenue indicate a more efficient delivery model for software and subscription services.