Cricut (CRCT) Gross Margin (2020 - 2026)
Cricut (CRCT) posted Gross Margin of 58.13% for Q1 2026, up 22.71% quarter-over-quarter from 47.37% in Q4 2025, and down 234.0% year-on-year from 43.38% in Q1 2025.
Cricut (CRCT) Gross Margin (2020 - 2026) Analysis & Trends
Cricut (CRCT) has reported Gross Margin for 7 consecutive years, with 58.13% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 58.13%, down 234.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 54.53% (up 373.0% YoY), and the FY2025 annual result was 55.08%, up 557.0% from the prior year.
- Gross Margin was 58.13% for Q1 2026 at Cricut, up from 47.37% in the prior quarter.
- Over five years, Gross Margin peaked at 60.47% in Q1 2025 and troughed at 29.78% in Q4 2022.
- Average Gross Margin over 5 years is 48.4%, with a median of 46.84% recorded in 2023.
- Year-over-year, Gross Margin surged 1241 bps in 2024 and tumbled 234 bps in 2026.
- Over 5 years, Gross Margin stood at 29.78% in 2022, then surged by 41 bps to 41.96% in 2023, then gained by 7 bps to 44.91% in 2024, then rose by 5 bps to 47.37% in 2025, then grew by 23 bps to 58.13% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 58.13% in Q1 2026, 47.37% in Q4 2025, and 55.21% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | 78.35% |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | 17.75% |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | 61.90% |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | 50.22% |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | 46.50% |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | 68.70% |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | 20.93% |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | 9.95% |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | 44.52% |
| 10 | Cricut | 936.83 Mn | 681.16 Mn | 92.70 Mn | 58.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 58.13% |
| Dec 31, 2025 | 47.37% |
| Sep 30, 2025 | 55.21% |
| Jun 30, 2025 | 59.00% |
| Mar 31, 2025 | 60.47% |
| Dec 31, 2024 | 44.91% |
| Sep 30, 2024 | 46.08% |
| Jun 30, 2024 | 53.49% |
| Mar 31, 2024 | 54.72% |
| Dec 31, 2023 | 41.96% |
| Sep 30, 2023 | 46.84% |
| Jun 30, 2023 | 49.31% |
| Mar 31, 2023 | 42.30% |
| Dec 31, 2022 | 29.78% |
| Sep 30, 2022 | 46.23% |
| Jun 30, 2022 | 46.49% |
| Mar 31, 2022 | 40.45% |
| Dec 31, 2021 | 27.03% |
| Sep 30, 2021 | 39.24% |
| Jun 30, 2021 | 38.95% |