Cricut Reports Q3 2026 Growth Driven by Product Launches and Platform Expansion
Cricut (CRCT) reported strong third-quarter results for fiscal year 2026, with total revenue rising 11% to $188.6 million. The growth was primarily fueled by a 17% increase in product revenue due to new machine launches and a 30% surge in international revenue. Despite seasonal declines in sequential paid subscribers, the company saw an increase in Platform ARPU to $56.70. Profitability improved significantly, with net income rising 36% year-over-year to $27.8 million and diluted EPS increasing to $0.13. Gross margins expanded to 57.7%, aided by manufacturing efficiencies and the monetization of obsolete inventory. The company maintains a strong liquidity position with $272.7 million in cash and no debt, while also executing a $6.5 million share repurchase program during the quarter.
Tickers: $CRCT
Topics: gross margin platform revenue revenue growth subscriber metrics