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Cricut (CRCT) Research & Development: 2019-2024

Historic Research & Development for Cricut (CRCT) over the last 6 years, with Dec 2024 value amounting to $60.4 million.

  • Cricut's Research & Development rose 10.66% to $16.9 million in Q3 2025 from the same period last year, while for Sep 2025 it was $65.3 million, marking a year-over-year increase of 9.89%. This contributed to the annual value of $60.4 million for FY2024, which is 7.15% down from last year.
  • Cricut's Research & Development amounted to $60.4 million in FY2024, which was down 7.15% from $65.0 million recorded in FY2023.
  • In the past 5 years, Cricut's Research & Development registered a high of $79.8 million during FY2021, and its lowest value of $38.9 million during FY2020.
  • Over the past 3 years, Cricut's median Research & Development value was $65.0 million (recorded in 2023), while the average stood at $67.5 million.
  • Its Research & Development has fluctuated over the past 5 years, first skyrocketed by 105.02% in 2021, then declined by 15.43% in 2023.
  • Yearly analysis of 5 years shows Cricut's Research & Development stood at $38.9 million in 2020, then soared by 105.02% to $79.8 million in 2021, then declined by 3.63% to $76.9 million in 2022, then dropped by 15.43% to $65.0 million in 2023, then decreased by 7.15% to $60.4 million in 2024.