Cricut Stock Jumps 49% After Strong Third-Quarter Results and Special Dividend

Cricut (Nasdaq: CRCT) shares jumped 48.7% on Wednesday, closing at $8.88 against a previous close of $5.97. The S&P 500 ETF (SPY) rose 1.65% over the same session. The move followed the company's release of third-quarter 2026 results the evening before, which was filed with an 8-K.

Revenue and profit grew

Cricut reported revenue of $188.6 million for the quarter, up 11% from a year earlier. Products revenue rose 17% to $102.7 million, and Platform revenue grew nearly 4% to $85.9 million. Net income was $27.8 million, up 36%, and diluted earnings per share were $0.13, compared with $0.10 a year earlier. Operating income rose 50% to $33.9 million. Chief Executive Ashish Arora called it a strong third quarter and pointed to double-digit sell-out growth for a second consecutive quarter.

A special dividend on top of a regular payout

The board approved a special dividend of $0.70 per share, payable in January 2027, along with a recurring semi-annual dividend of $0.10 per share. The board also replenished the stock repurchase program up to $50 million. Against a previous close of $5.97, the special dividend alone equals roughly 12% of the stock's price before the move.

Subscribers and users

Paid subscribers reached 3.07 million, up 2% from a year earlier, and active users grew 2% to nearly 6.0 million. Platform revenue per user rose 3% to $56.70 on a trailing twelve-month basis. The company's market capitalization was about $1.25 billion before the move.

The filings do not link the share move to any single figure, and the company did not comment on the stock's reaction.