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Cricut Q1 FY26 net income drops 15% to $20.3 million; revenue falls 2% to $159.5 million

PUBT·05/05/2026 20:18:35
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Cricut Q1 FY26 net income drops 15% to $20.3 million; revenue falls 2% to $159.5 million
  • Cricut posted Q1 2026 revenue of $159.5 million, down 2% year over year; net income fell 15% to $20.3 million.
  • Diluted EPS slipped to $0.10 from $0.11; gross margin narrowed 2.4 percentage points to 58.1%.
  • Platform revenue rose nearly 6% to $84.8 million, while products revenue dropped 9.6% to $74.7 million.
  • Paid subscribers climbed 3% to 3,078,000; active users increased 1% to 5,969,000.
  • Board set a recurring semiannual dividend of $0.10 per share, payable July 21, 2026; CEO Ashish Arora cited early benefits from a platform-first strategy, including guided onboarding, bundles, and guided flows in Design Space.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cricut Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605051605PRIMZONEFULLFEED9713352) on May 05, 2026, and is solely responsible for the information contained therein.