Cricut (CRCT) Cash Flow: Operating & Free Cash Flow

Cricut (CRCT) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Cricut generated $200.23M of operating cash flow and spent $24.42M on capital expenditures. That left free cash flow of $175.81M, down 28.7% from $246.63M a year earlier, or 24.8% of revenue. It returned $237.44M to shareholders through $202.10M in dividends and $35.34M in share buybacks.

Cricut Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Cricut, Inc. (CRCT) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Operating Activities
Net Income	76.71	62.83	53.64	60.67	140.47	154.58	39.21	27.43
Depreciation & Amortization	24.44	29.01	30.04	26.96	19.39	14.12	9.18	8.06
Deferred Income Tax	26.12	-4.38	-11.24	-20.46	-0.14	-2.46	-1.26	2.71
Stock Based Compensation	34.79	45.07	47.33	41.12	38.07	9.48	1.85	10.38
Change in Working Capital	57.27	130.03	127.40	-8.29	-313.10	69.42	-51.77	-59.75
Change in Accounts Receivable	12.62	4.89	23.50	63.70	-37.67	-97.63	-4.88	-15.02
Change in Inventory	41.16	149.97	78.38	63.09	-207.98	-37.98	-73.23	-85.15
Change in Accounts Payable	16.85	-23.12	13.54	-139.85	-46.67	157.02	10.34	30.06
Change in Other Working Capital	-9.62	-13.71	11.99	4.78	4.18	48.00	16.00	10.37
Other Operating Activities	7.03	-1.97	40.94	17.69	4.18	3.09	6.66	2.87
Net Cash from Operating Activities	200.23	264.97	288.10	117.68	-104.95	248.23	3.86	-8.30
Investing Activities
Capital Expenditures	-24.42	-18.33	-23.72	-33.77	-35.79	-21.84	-14.10	-8.11
Acquisitions	0.00	0.00	0.00	74.10	0.20	1.09	1.30	2.68
Purchases of Investments	0.00	-110.52	-63.45	-180.11	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	85.07	110.53	38.39	106.01	0.00	0.00	0.00	0.00
Other Investing Activities	0.00	0.00	0.00	-74.10	-0.20	-1.09	-1.30	0.00
Net Cash from Investing Activities	60.66	-18.33	-48.78	-107.87	-35.79	-21.84	-14.10	-8.11
Financing Activities
Debt Repayment	0.00	0.00	0.00	0.00	0.00	-55.59	10.43	15.06
Common Stock Issued	0.38	0.00	0.00	0.00	262.01	0.00	0.00	0.00
Common Stock Repurchased	-35.34	-46.46	-20.33	-18.58	-2.02	-3.04	-0.73	-0.30
Dividends Paid	-202.10	-109.97	-294.13	0.00	0.00	-51.20	0.00	0.00
Other Financing Activities	-10.59	-7.97	-7.72	-7.67	-2.04	-1.08	1.19	2.68
Net Cash from Financing Activities	-237.45	-156.44	-322.19	-26.25	260.24	-110.92	10.90	17.44
Summary
Effect of Forex Changes on Cash	0.63	-0.25	0.11	-0.22	-0.13	0.09	-0.03	0.00
Net Change in Cash	24.08	89.95	-82.76	-16.65	119.51	115.56	0.64	1.02
Cash at Beginning of Period	232.14	142.19	224.94	241.60	122.22	6.65	6.02	4.99
Cash at End of Period	256.22	232.14	142.19	224.94	241.60	122.22	6.65	6.02
Free Cash Flow	175.81	246.63	264.38	83.91	-140.74	226.39	-10.23	-16.42
Supplemental Disclosures
Interest Paid	-	-	-	-	0.01	1.31	-	-
Income Taxes Paid	-	43.60	24.07	28.92	81.13	42.32	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Cricut Cash Flow

What is Cricut's free cash flow?

Cricut generated free cash flow of $175.81M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $200.23M minus $24.42M of capital expenditures. That was down 28.7% from $246.63M a year earlier. Free cash flow equaled 24.8% of revenue.

How much does Cricut spend on capital expenditures?

Cricut spent $24.42M on capital expenditures in fiscal 2025, compared with $18.33M a year earlier. That equals 12.2% of operating cash flow.

Does Cricut pay dividends or buy back shares?

Yes. In fiscal 2025 Cricut returned $202.10M in dividends and $35.34M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition