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Cricut Inc(CRCT)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
2-STAR RATING
Consider higher Upturn Star rating
BUY for 79 days
PROFIT SINCE LAST BUY
+44.67% ▲
LAST CLOSE
$6.38
10/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for CRCT

10/06/2026: CRCT (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Cricut Inc is a consumer technology company that provides a connected ecosystem of smart cutting machines, software, and crafting materials. Its primary strength lies in its high-margin subscription service and a deeply engaged, loyal community that fosters recurring revenue. The main investment story centers on the company’s ability to grow its subscriber base and expand its footprint in international markets. However, investors must consider the risks of discretionary spending sensitivity, rising competition from low-cost imports, and the challenge of sustaining innovation. Cricut may suit investors looking for consumer-facing growth opportunities, though it is not a traditional dividend play and carries cyclical risks.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is currently driven more by subscriber stability than explosive hardware adoption.
Momentum investorWeak fitThe stock has lacked significant upward momentum trends in recent quarters.
Value investorMixed fitValuation has compressed, but the business remains sensitive to discretionary spending cycles.
Dividend investorWeak fitThe company lacks a consistent, predictable dividend program.
Low-risk investorWeak fitConsumer discretionary stocks exhibit high sensitivity to economic headwinds.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock has seen significant price swings related to consumer spending sentiment.
Valuation riskMediumMarket expectations for growth must be balanced against cyclical demand risks.
Competition risk (Low-cost entrants)Medium / highBudget-friendly craft machines pose a threat to market share among price-sensitive buyers.
Business qualityMediumHigh-margin subscription revenue offers stability, but the business model is still evolving.
Dividend incomeLow / noneIncome investors should not look to this stock for reliable yields.
Execution riskMediumSustaining innovation in software and hardware is necessary to prevent user attrition.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 0.75%
Avg. Invested days 30
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CRCT receives a 3-star rating, supported by strong unit economics, solid company fundamentals, and solid quantitative characteristics. The rating is constrained by weak analyst coverage, weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
CRCT has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and strong ownership. In FY2025 versus FY2024, solid earnings growth (+22.1%) and strong cash generation (FCF margin 24.8%) are partially offset by slightly negative revenue growth (-0.5%).

Financial Health Rating

★★★★★
CRCT's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 48.0%). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is CRCT's strongest growth driver at +22.1% FY2025 versus FY2024 (solid, 4 stars). By comparison, while revenue growth (-0.5%, slightly negative) and free-cash-flow growth (-28.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 56.3% and approximately 84.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 11.89% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 2.04%
Vanguard Portfolio Management, LLC 1.12%
American Century Companies Inc 1.00%
Vanguard Capital Management, LLC 0.99%
Geode Capital Management, LLC 0.84%

Unit Economics (Per $1K Revenue)

★★★★★
CRCT generates approximately $551 of gross profit, $135 of operating income, and $248 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 28.91%

Quantitative Style Profile

★★★★★
CRCT has a high-quality, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.36B USD
Price to earnings Ratio 15.78
1Y Target Price 4.07
Price to earnings Ratio 15.78
1Y Target Price 4.07
Volume (30-day avg) 679.5K shares
Beta 0.17
52 Weeks Range 3.65 - 6.66
Updated Date 10/06/2026
52 Weeks Range 3.65 - 6.66
Updated Date 10/06/2026
Dividends yield (FY) 3.07%
Basic EPS (TTM) 0.41

How Company Makes Money

Business areaWhat it includesRetail investor read
Connected MachinesSmart cutting machines and related hardware devices.Hardware sales drive the initial customer acquisition.
SubscriptionsCricut Access recurring monthly/annual memberships.This is the high-margin, sticky part of the business.
Materials and AccessoriesVinyl, mats, blades, and other project supplies.Repeat purchases from existing users provide ongoing revenue.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 15.78
Forward PE -
Enterprise Value 957.74M
Price to Sales(TTM) 1.97
Enterprise Value 957.74M
Price to Sales(TTM) 1.97
Enterprise Value to Revenue 1.39
Enterprise Value to EBITDA 6.77
Shares Outstanding 55.02M
Shares Floating 46.33M
Shares Outstanding 55.02M
Shares Floating 46.33M
Percent Insiders 11.89
Percent Institutions 56.26

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Cricut Inc

Exchange NASDAQ
Headquarters South Jordan, UT, United States
IPO Launch date 2021-03-25
CEO, President & Director Mr. Ashish Arora
Sector Technology
Industry Computer Hardware
Full time employees 700
Full time employees 700

Cricut, Inc. engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods in the United States, Canada, the United Kingdom, Ireland, Australia, New Zealand, Western Europe, the Middle East, Latin America, South Africa, and Asia. It operates through Platform and Products segments. The company offers connected machines, accessories, and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations. Its connected machines, which are used to cut, write, score, and create decorative effects on paper, adhesive vinyl, iron-on vinyl, wood, and leather, comprise Cricut Joy family, Cricut Explore family, Cricut Maker family, and Cricut Venture. The company also provides Cricut Design Space, a cloud-based software that integrates with connected machines to enable users to create and work on projects across desktop and mobile devices; Cricut Access and Cricut Access Premium subscription offerings; and in-app purchases of images, fonts, and projects. In addition, it offers a range of accessories and materials, such as Cricut EasyPress, Cricut Mug Press, hand tools, machine replacement tools and blades, and project materials, such as vinyl and iron-on. Further, the company provides craft, DIY, home décor products, and extensions. It offers its products through its third-party brick-and-mortar and online retail partners; and its website cricut.com, as well as through a network of distributors. Cricut, Inc. was formerly known as Provo Craft & Novelty, Inc. and changed its name to Cricut, Inc. in March 2018. The company was incorporated in 1969 and is headquartered in South Jordan, Utah.