What is Cricut, Inc.'s net debt?

Cricut, Inc. (CRCT) reported net debt of -$225.8M in Q1 2026.

How has Cricut, Inc.'s net debt changed year-over-year?

Cricut, Inc.'s net debt increased by 5.0% year-over-year, from -$237.63M to -$225.8M.

What is the long-term trend for Cricut, Inc.'s net debt?

Over 4 years (2021 to 2025), Cricut, Inc.'s net debt has grown at a 2.4% compound annual growth rate (CAGR), from -$222.06M to -$244.59M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Cricut, Inc. CRCT Net debt

Discontinued — last reported Q1 '26

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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

See full

Return on equity17.2%+4.4pp

Debt / equity0×0.0×

Current ratio2.7×-0.6×

Where this comes from

Calculated from Cricut, Inc.’s reported figures.

$10.7Mtotal debt−$236.5Mcash and equivalents=-$225.8M

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 net debt?: Cricut, Inc. (CRCT) reported net debt of -$225.8M in Q1 2026.
How has Cricut, Inc.'s net debt changed year-over-year?: Cricut, Inc.'s net debt increased by 5.0% year-over-year, from -$237.63M to -$225.8M.
What is the long-term trend for Cricut, Inc.'s net debt?: Over 4 years (2021 to 2025), Cricut, Inc.'s net debt has grown at a 2.4% compound annual growth rate (CAGR), from -$222.06M to -$244.59M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.