Cricut annual r&d spending
2019
2020
2021
2022
2023
2024
2025
Cricut R&D Spending Growth & History (CRCT)
Cricut's r&d spending was $66.5M for fiscal 2025.
View full Cricut company overviewCricut annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $66.5M | $6.1M | +10.14% |
| 2024 | 2024-12-31 | $60.4M | −$4.6M | −7.15% |
| 2023 | 2023-12-31 | $65.0M | −$11.9M | −15.43% |
| 2022 | 2022-12-31 | $76.9M | −$2.9M | −3.63% |
| 2021 | 2021-12-31 | $79.8M | $40.9M | +105.02% |
| 2020 | 2020-12-31 | $38.9M | $12.3M | +45.95% |
| 2019 | 2019-12-31 | $26.7M | — | — |
Cricut quarterly r&d spending
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $16.9M | $97,000 | +0.58% |
| Q1 2026 | 2026-03-31 | $16.6M | $945,000 | +6.04% |
| Q4 2025 | 2025-12-31 | $17.2M | $1.2M | +7.80% |
| Q3 2025 | 2025-09-30 | $16.9M | $1.6M | +10.66% |
| Q2 2025 | 2025-06-30 | $16.8M | $2.4M | +17.09% |
| Q1 2025 | 2025-03-31 | $15.7M | $804,000 | +5.41% |
| Q4 2024 | 2024-12-31 | $16.0M | $1.0M | +6.67% |
| Q3 2024 | 2024-09-30 | $15.2M | −$670,000 | −4.21% |
| Q2 2024 | 2024-06-30 | $14.3M | −$2.0M | −12.43% |
| Q1 2024 | 2024-03-31 | $14.9M | −$2.9M | −16.56% |
| Q4 2023 | 2023-12-31 | $15.0M | −$2.6M | −14.74% |
| Q3 2023 | 2023-09-30 | $15.9M | −$2.8M | −15.13% |
| Q2 2023 | 2023-06-30 | $16.3M | −$3.7M | −18.49% |
| Q1 2023 | 2023-03-31 | $17.8M | −$2.7M | −13.29% |
| Q4 2022 | 2022-12-31 | $17.6M | −$5.4M | −23.49% |
| Q3 2022 | 2022-09-30 | $18.7M | −$1.8M | −8.69% |
| Q2 2022 | 2022-06-30 | $20.1M | −$551,000 | −2.67% |
| Q1 2022 | 2022-03-31 | $20.5M | $4.8M | +30.78% |
| Q4 2021 | 2021-12-31 | $23.0M | $11.8M | +106.16% |
| Q3 2021 | 2021-09-30 | $20.5M | $10.6M | +105.78% |
| Q2 2021 | 2021-06-30 | $20.6M | $12.0M | +138.61% |
| Q1 2021 | 2021-03-31 | $15.7M | $6.5M | +71.17% |
| Q4 2020 | 2020-12-31 | $11.1M | — | — |
| Q3 2020 | 2020-09-30 | $10.0M | — | — |
| Q2 2020 | 2020-06-30 | $8.6M | — | — |
| Q1 2020 | 2020-03-31 | $9.2M | — | — |
Cricut r&d spending trends
Over the last five fiscal years, Cricut's r&d spending increased from $38.9M to $66.5M, a change of $27.6M. The latest reported quarter, Q2 2026, shows $16.9M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cricut source filings ↗