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Cricut, Inc. CRCT Inventory write-downs

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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:InventoryWriteDown.

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 inventory write-downs?
Cricut, Inc. (CRCT) reported inventory write-downs of -$1.44M in Q1 2026.
How has Cricut, Inc.'s inventory write-downs changed year-over-year?
Cricut, Inc.'s inventory write-downs increased by 70.5% year-over-year, from -$4.87M to -$1.44M.
What is the long-term trend for Cricut, Inc.'s inventory write-downs?
Over 4 years (2021 to 2025), Cricut, Inc.'s inventory write-downs has grown at a 40.4% compound annual growth rate (CAGR), from $5.07M to -$19.71M.
What does inventory write-downs mean?
This reflects the net impact of adjustments made to inventory values due to obsolescence, damage, or market price declines. It serves as an indicator of inventory management quality and the risk of product lifecycle mismanagement. High levels may suggest inefficiencies in supply chain planning or changing consumer demand.