Cricut (CRCT) Gross Margin (2020 - 2026)
Cricut (CRCT) reported Gross Margin of 58.13% for Q1 2026, down 234.0% on a YoY basis from 43.38% in Q1 2025, and up 22.71% quarter-over-quarter from 47.37% in Q4 2025.
Cricut (CRCT) Gross Margin (2020 - 2026) Analysis & Trends
Cricut has reported Gross Margin for 7 years, with the latest figure at 58.13% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 234.0% year-over-year to 58.13%; the trailing twelve-month figure through Mar 2026 stood at 54.53% (up 373.0% YoY), and the FY2025 full-year result was 55.08%, up 557.0% from the prior year.
- Gross Margin for Q1 2026 stood at 58.13%, up from 47.37% in the prior quarter.
- The five-year high for Gross Margin was 60.47% in Q1 2025, with the low at 29.78% in Q4 2022.
- Historically, Gross Margin has averaged 48.4% across 5 years, with a median of 46.84% in 2023.
- Annual changes were most pronounced in 2024 — Gross Margin soared 1241 bps — and 2026, when it sank 234 bps.
- Cricut's Gross Margin stood at 29.78% in 2022, then surged by 41 bps to 41.96% in 2023, then grew by 7 bps to 44.91% in 2024, then climbed by 5 bps to 47.37% in 2025, then gained by 23 bps to 58.13% in 2026.
- The last three Gross Margin figures came in at 58.13% (Q1 2026), 47.37% (Q4 2025), and 55.21% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 20.16% |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 78.35% |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 61.90% |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 46.50% |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 50.22% |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 9.95% |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 69.89% |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 20.93% |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 23.84% |
| 10 | Cricut | 871.57 Mn | 615.90 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% |