Cricut CRCT

Nasdaq · Special Industry Machinery, Nec · $1.9B

$9.25+4.17%Nov 5 close · Databento

Every report since 2023 →

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CRCT Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing

Nov 5, 2026CLOSE $9.251D +4.17%3M +56.78%SMA20 $6.60SMA50 $6.20RSI(14) 83.5

9.25

RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 83.5

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

The numbers

fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via Databento

Market cap$1.9B

Enterprise value$1.7B

Revenue$708.8M −0.5%

Gross margin55.1%

ROIC78.2%

EPS, diluted$0.35 +20.7%

Modern Valuation (EOD)

Market Cap$1.9B

Enterprise Value$1.7B

EV / True FCF—

EV / FCF—

EV / Gross Profit4.29

EV / EBIT17.43

EV / Sales2.36

P / E (GAAP)25.16

P / FCF—

P / Oper. CF9.64

P / Book5.62

Owner & Cash Yields

True FCF Yield—

FCF Yield—

Owner Earn. Yield—

Earnings Yield4.0%

Shareholder Yield+10.0%

Buyback Yield1.3%

Dividend Yield—

Dividend / sh—

Payout Ratio264%

FCF / sh—

EPS (diluted)$0.35

Compounder & Returns

Rule of 40—

ROIC78.2%

Cash ROIC (CROIC)—

GP / Assets67.2%

ROE22.3%

ROA13.2%

Gross Margin55.1%

Oper. Margin13.5%

Net Margin10.8%

FCF Margin—

True FCF Margin—

Quality & Dilution

Cash Conversion—

Accrual Ratio−21.3%

SBC % of FCF—

SBC % of Rev4.9%

Reinvest. Rate33%

Sales Growth Y/Y−0.5%

Sales 3Y CAGR−7.2%

EPS Growth Y/Y+20.7%

FCF Growth Y/Y—

FCF 3Y CAGR—

Share Change Y/Y+0.8%

Balance Sheet & Scale

Revenue (FY)$708.8M

Gross Profit (FY)$390.4M

Oper. Income (FY)$96.0M

GAAP Net Income$76.7M

True FCF (ex-SBC)—

Cash & Equiv$256.2M

Total Debt—

Net Cash (Debt)$256.2M

Net Cash % MCap+13.3%

Debt / FCF (yrs)—

Current Ratio2.26

Price & Technicals (EOD)

Perf Week+49.68%

Perf Month+45.44%

Perf Quarter+58.39%

Perf Half Y+112.16%

Perf YTD+102.85%

SMA 20 Dist+40.12%$6.60

SMA 50 Dist+49.30%$6.20

SMA 100 Dist+66.54%$5.55

Window High0.00%$9.25

Window Low+135.97%$3.92

RSI (14) · Vol83.5145%v

Income Distribution & Cash Flow ConversionHow every dollar of CRCT revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow

Where Every $100 of Revenue Goes (FY2025)

Cost of Revenue (COGS)$318.3M ($44.9 / $100)

R&D Reinvestment$66.5M ($9.4 / $100)

Operating Expenses$227.9M ($32.2 / $100)

Tax & Non-Operating$19.3M ($2.7 / $100)

Net Profit Kept$76.7M ($10.8 / $100)

Earnings Quality: GAAP Profit → True Owner Cash (FY2025)

GAAP Net Income$76.7M (10.8% margin)

Operating Cash Flow (OCF)$200.2M(28.2% of rev)

Less: Capital Expenditures—

Standard Free Cash Flow (FCF)—

Less: Stock-Based Comp (SBC)−$34.8M

True FCF (Owner Cash ex-SBC)—

Revenue by fiscal year

Operating leverage — margins

GrossOperatingNet

Line Item (USD)	FY2021	FY2022	FY2023	FY2024	FY2025	YoY Δ	4Y CAGR
Income Statement
Revenue	$1.3B	$886.3M	$765.1M	$712.5M	$708.8M	−0.5%	−14.2%
Cost of Revenue (COGS)	$848.8M	$536.4M	$421.9M	$359.8M	$318.3M	−11.5%	−21.7%
Gross Profit	$457.4M	$349.9M	$343.3M	$352.8M	$390.4M	+10.7%	−3.9%
Research & Development (R&D)	$79.8M	$76.9M	$65.0M	$60.4M	$66.5M	+10.1%	−4.5%
Total Operating Expenses	$265.0M	$269.9M	$273.3M	$276.7M	$294.4M	+6.4%	+2.7%
Operating Income (EBIT)	$192.4M	$80.0M	$70.0M	$76.1M	$96.0M	+26.2%	−15.9%
Interest Expense	$298,000	$289,000	$323,000	$326,000	$567,000	+73.9%	+17.4%
Income Tax Expense	$51.9M	$21.3M	$26.1M	$26.0M	$31.2M	+19.7%	−12.0%
GAAP Net Income	$140.5M	$60.7M	$53.6M	$62.8M	$76.7M	+22.1%	−14.0%
Diluted EPS	$0.64	$0.28	$0.24	$0.29	$0.35	+20.7%	−14.0%
Diluted Shares	219.8M	220.6M	219.7M	215.6M	217.3M	+0.8%	−0.3%
Balance Sheet
Cash & Equivalents	$241.6M	$224.9M	$142.2M	$232.1M	$256.2M	+10.4%	+1.5%
Inventory	$454.2M	$381.5M	$277.5M	$134.3M	$113.5M	−15.4%	−29.3%
Total Current Assets	$928.1M	$811.3M	$620.0M	$580.2M	$499.6M	−13.9%	−14.3%
Total Assets	$1.0B	$949.6M	$750.1M	$693.0M	$580.8M	−16.2%	−12.8%
Total Current Liabilities	$308.4M	$254.1M	$196.5M	$203.4M	$221.1M	+8.7%	−8.0%
Total Liabilities	$332.3M	$276.9M	$215.2M	$226.3M	$237.2M	+4.8%	−8.1%
Stockholders' Equity	$674.0M	$672.7M	$534.9M	$466.8M	$343.6M	−26.4%	−15.5%
Net Cash / (Net Debt)	$241.6M	$224.9M	$142.2M	$232.1M	$256.2M	+10.4%	+1.5%
Invested Capital	$432.4M	$447.8M	$392.7M	$234.6M	$87.3M	−62.8%	−33.0%
Cash Flow & Capital Allocation
Operating Cash Flow (OCF)	$-104.9M	$117.7M	$288.1M	$265.0M	$200.2M	−24.4%	—
Depreciation & Amortization (D&A)	$19.4M	$27.0M	$30.0M	$29.0M	$24.4M	−15.7%	+6.0%
Stock-Based Compensation (SBC)	$38.1M	$41.1M	$47.3M	$45.1M	$34.8M	−22.8%	−2.2%
Share Repurchases (Buybacks)	$0	$18.6M	$20.3M	$38.5M	$24.7M	−35.7%	—
Dividends Paid	$0	$0	$294.1M	$110.0M	$202.1M	+83.8%	—

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

On the Wire

what CRCT did at the next close after each story

No Wire story has named CRCT yet.

What happened · big days

26 big days in a year, and what we hold on each

A big day is a close more than 3.96% from the one before, three times CRCT’s median day (1.32%). On 3 of the 26, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±3.96%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayCRCTWhat we hold that dayGroup (median of 4) · each

1 Nov 5, 2025−5.19%
Resultsgroup +3.1%, did not move with it
1Nov 5, 2025−5.19%
ResultsFirst close after the Nov 4 results filing
+3.1% did not move with itACMR −19.9 · VECO +1.4 · ACLS +4.9 · LRCX +6.0
2 Dec 23, 2025−4.85%
Before our storiesgroup +0.3%, did not move with it
2Dec 23, 2025−4.85%
Before our stories
+0.3% did not move with itACMR −2.3 · LRCX −0.1 · ACLS +0.7 · VECO +0.7
3 Jan 14, 2026−8.08%
Before our storiesgroup −2.6%, did not move with it
3Jan 14, 2026−8.08%
Before our stories
−2.6% did not move with itACLS −3.9 · LRCX −2.6 · VECO −2.6 · ACMR −1.6
4 Jan 16, 2026−4.01%
Before our storiesgroup −0.4%, did not move with it
4Jan 16, 2026−4.01%
Before our stories
−0.4% did not move with itACLS −3.5 · VECO −3.3 · LRCX +2.5 · ACMR +2.7
5 Feb 23, 2026−4.55%
Before our storiesgroup −1.9%, did not move with it
5Feb 23, 2026−4.55%
Before our stories
−1.9% did not move with itACMR −2.2 · VECO −2.0 · ACLS −1.7 · LRCX −1.1
6 Mar 4, 2026+4.63%
Resultsgroup +0.7%, did not move with it
6Mar 4, 2026+4.63%
ResultsFirst close after the Mar 3 results filing
+0.7% did not move with itLRCX +2.6 · ACLS +0.9 · ACMR +0.5 · VECO −0.3
7 Mar 5, 2026−8.41%
Before our storiesgroup −2.7%, did not move with it
7Mar 5, 2026−8.41%
Before our stories
−2.7% did not move with itACMR −6.8 · LRCX −3.7 · VECO −1.6 · ACLS −0.8
8 Mar 27, 2026−4.53%
Before our storiesgroup −1.6%, did not move with it
8Mar 27, 2026−4.53%
Before our stories
−1.6% did not move with itACMR −2.7 · VECO −2.1 · ACLS −1.0 · LRCX −0.1
9 Apr 1, 2026+4.28%
Before our storiesgroup +2.7%, moved with CRCT
9Apr 1, 2026+4.28%
Before our stories
+2.7% moved with CRCTLRCX +3.9 · ACMR +2.8 · ACLS +2.6 · VECO +2.4
10 May 6, 2026+5.21%
Resultsgroup +15.1%, moved with CRCT
10May 6, 2026+5.21%
ResultsFirst close after the May 5 results filing
+15.1% moved with CRCTVECO +25.2 · ACLS +22.4 · LRCX +7.8 · ACMR +4.9
11 May 13, 2026−7.51%
Before our storiesgroup +1.2%, did not move with it
11May 13, 2026−7.51%
Before our stories
+1.2% did not move with itVECO −1.9 · ACLS +0.3 · LRCX +2.1 · ACMR +2.8
12 May 27, 2026+4.46%
Before our storiesgroup −2.4%, did not move with it
12May 27, 2026+4.46%
Before our stories
−2.4% did not move with itACMR +2.5 · LRCX −1.2 · VECO −3.6 · ACLS −3.9
13 Jun 1, 2026+5.78%
Before our storiesgroup −0.5%, did not move with it
13Jun 1, 2026+5.78%
Before our stories
−0.5% did not move with itACLS +0.0 · LRCX −0.3 · VECO −0.7 · ACMR −5.2
14 Jun 2, 2026−5.47%
Before our storiesgroup +6.1%, did not move with it
14Jun 2, 2026−5.47%
Before our stories
+6.1% did not move with itLRCX +5.5 · ACLS +5.6 · VECO +6.6 · ACMR +12.0
15 Jun 9, 2026+5.01%
Before our storiesgroup +3.6%, moved with CRCT
15Jun 9, 2026+5.01%
Before our stories
+3.6% moved with CRCTVECO +10.1 · ACLS +6.3 · ACMR +0.9 · LRCX +0.8
16 Jun 26, 2026+4.75%
Nothing on CRCTgroup −4.9%, did not move with it
16Jun 26, 2026+4.75%
Nothing on CRCTNo CRCT story, brief or results filing in our record that day
−4.9% did not move with itACMR −2.2 · ACLS −4.1 · LRCX −5.7 · VECO −6.0
17 Jun 29, 2026−4.10%
Nothing on CRCTgroup +5.0%, did not move with it
17Jun 29, 2026−4.10%
Nothing on CRCTNo CRCT story, brief or results filing in our record that day
+5.0% did not move with itVECO −2.1 · ACLS +1.7 · LRCX +8.4 · ACMR +13.8
18 Jul 15, 2026+5.58%
Nothing on CRCTgroup −2.5%, did not move with it
18Jul 15, 2026+5.58%
Nothing on CRCTNo CRCT story, brief or results filing in our record that day
−2.5% did not move with itACLS +1.9 · VECO −1.8 · LRCX −3.1 · ACMR −7.0
19 Jul 23, 2026−4.49%
Nothing on CRCTgroup −0.2%, did not move with it
19Jul 23, 2026−4.49%
Nothing on CRCTNo CRCT story, brief or results filing in our record that day
−0.2% did not move with itACMR −1.2 · ACLS −0.3 · VECO −0.0 · LRCX +0.1
20 Jul 24, 2026+4.94%
Nothing on CRCTgroup −4.9%, did not move with it
20Jul 24, 2026+4.94%
Nothing on CRCTNo CRCT story, brief or results filing in our record that day
−4.9% did not move with itLRCX −4.6 · ACMR −4.6 · ACLS −5.2 · VECO −5.3
21 Jul 28, 2026+4.80%
Nothing on CRCTgroup −6.9%, did not move with it
21Jul 28, 2026+4.80%
Nothing on CRCTNo CRCT story, brief or results filing in our record that day
−6.9% did not move with itVECO −5.8 · ACLS −6.3 · LRCX −7.5 · ACMR −9.9
22 Aug 5, 2026+22.87%
Resultsgroup −2.7%, did not move with it
22Aug 5, 2026+22.87%
ResultsFirst close after the Aug 4 results filing
−2.7% did not move with itVECO −1.6 · ACLS −2.2 · ACMR −3.2 · LRCX −3.3
23 Aug 17, 2026−4.34%
Nothing on CRCTgroup +3.6%, did not move with it
23Aug 17, 2026−4.34%
Nothing on CRCTNo CRCT story, brief or results filing in our record that day
+3.6% did not move with itACLS +2.8 · LRCX +3.5 · VECO +3.8 · ACMR +6.5
24 Sep 4, 2026−5.30%
Nothing on CRCTgroup +5.0%, did not move with it
24Sep 4, 2026−5.30%
Nothing on CRCTNo CRCT story, brief or results filing in our record that day
+5.0% did not move with itACLS +4.3 · VECO +5.0 · LRCX +5.1 · ACMR +7.2
25 Nov 4, 2026+48.74%
Resultsgroup −3.9%, did not move with it
25Nov 4, 2026+48.74%
ResultsFirst close after the Nov 3 results filing
−3.9% did not move with itACMR −2.0 · VECO −3.7 · LRCX −4.0 · ACLS −5.4
26 Nov 5, 2026+4.17%
Nothing on CRCTgroup −9.6%, did not move with it
26Nov 5, 2026+4.17%
Nothing on CRCTNo CRCT story, brief or results filing in our record that day
−9.6% did not move with itACLS −2.3 · VECO −7.6 · ACMR −11.5 · LRCX −16.4

A story on the same day is not a cause, and a group move is not proof either. Group: the median of LRCX, ACMR, ACLS and VECO that day, the largest companies in CRCT’s SEC industry; “moved with CRCT” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). CRCT reports after the close, so day 1 is the next close. 2 of 4 times, day 6 ended on the same side as day 1.

Reported Nov 4, 2025

day 1−5.19%day 6−5.19%

Reported Mar 3, 2026

day 1+4.63%day 6−6.25%

Reported May 5, 2026

day 1+5.21%day 6−6.64%

Reported Aug 4, 2026

day 1+22.87%day 6+19.03%

Next report: expected early FebruaryEstimated from the dates of its last four results filings. Not announced. Since the Nov 3 report: +54.94%. Four reports is a small sample.

Every report since 2023 →

Each line is CRCT’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

Same industry

CRCT against four same-industry peers, a year at 100

CRCT is up 93.9% in a year. All four did less: ACM Research (+26.4%), Lam Research (+16.2%), Veeco Instruments (+9.3%) and Axcelis Technologies (+5.0%). Weekly closes, Nov 7, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

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CRCT +93.9%. ACM Research +26.4%, Lam Research +16.2%, Veeco Instruments +9.3%, Axcelis Technologies +5.0%. Weekly closes, Nov 7, 2025 = 100, log scale.

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End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in CRCT’s SEC industry (Special Industry Machinery, Nec) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

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LRCX	Lam Research	$277.1B	−16.36%
ACMR	ACM Research	$3.0B	−11.52%
ACLS	Axcelis Technologies	$2.8B	−2.32%
VECO	Veeco Instruments	$2.2B	−7.64%
AZTA	Azenta	$1.7B	−4.50%
ERII	Energy Recovery	$366M	−6.42%
ASYS	Amtech Systems	$216M	−10.24%
VELO	Velo3D	$181M	−14.26%