Quick Answer
Cricut, Inc. reported R&D Expense of $66.52 million for fiscal year 2025.
Cricut, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $66.52M | +10.1% |
| 2024 | $60.40M | -7.1% |
| 2023 | $65.05M | -15.4% |
| 2022 | $76.91M | -3.6% |
| 2021 | $79.81M | +105.0% |
| 2020 | $38.93M | +45.9% |
| 2019 | $26.67M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $16.86M | +10.7% | +0.6% |
| June 30, 2025 | $16.76M | +17.1% | +7.1% |
| March 31, 2025 | $15.66M | +5.4% | +2.7% |
| September 30, 2024 | $15.24M | -4.2% | +6.5% |
| June 30, 2024 | $14.31M | -12.4% | -3.6% |
| March 31, 2024 | $14.85M | -16.6% | -6.6% |
| September 30, 2023 | $15.91M | -15.1% | -2.7% |
| June 30, 2023 | $16.35M | -18.5% | -8.2% |
- Cricut, Inc. showed an increase of +10.1% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, Cricut, Inc.’s r&d expense has grown by 149.4% (from $26.67 million to $66.52 million).
- The most recent figure is from Cricut, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 4, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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