PomegraCricut Stock Soars 49% on Earnings Beat, Special Dividend
Why did Cricut stock jump 49%?
Cricut (CRCT) stock soared 49% to $8.90 on Wednesday after the craft-machine maker beat earnings forecasts with $188.6M in sales and declared a $0.70-per-share special dividend.
Key numbers
| Share price (close) | $8.90+49% (from $5.97) |
|---|---|
| Q3 revenue | $188.6M+11% YoY |
| Net income | $27.8M+36% YoY |
| Products revenue | $102.7M+17% YoY |
| International revenue | $52.8M+30% YoY |
| Special dividend | $0.70/shareplus $0.10 regular |
What happened
Cricut (CRCT) stock soared 49% to $8.90 on Wednesday after the craft-machine maker beat earnings forecasts with $188.6M in sales and declared a $0.70-per-share special dividend. Sales were up 11% from a year earlier, and profit rose 36% to $27.8 million. Cricut will also pay a regular $0.10 dividend on January 21, 2027, and renewed its buyback program (the company buying back its own shares) up to $50 million. Analysts had expected about $164 million in sales, so the result was a clear surprise.
Why it matters
Cricut's report suggests its crafting machines are selling again: product sales rose 17% and international sales jumped 30%. The special dividend sends cash straight to shareholders, and the company still holds $272.7 million with no debt. Holiday-season discounts are expected to squeeze profit margins (how much of each sale is kept as profit) in the fourth quarter.
Who this affects
- MarketbullishMedium impact
- Small-company investors saw a very large one-day gain.
- CompanybullishHigh impact
- Shareholders gain a $0.70 special payout plus buybacks.
- CompetitorsneutralLow impact
- Hobby-maker peers rose modestly; little direct read-across.
- IndustrybullishLow impact
- Consumer hobby demand looks steady; tariff relief helped margins.
Cricut vs Hasbro, Mattel
How we got here
Cricut reports Q3 results and declares special and regular dividends after the market close.
Cricut shares jump about 49% to close near $8.90.
Record date to qualify for the $0.70 special and $0.10 regular dividends.
Both dividends are scheduled to be paid.
What to watch
- Fourth-quarter holiday discounts and their effect on profit marginsQ4 2026
- Payment of the $0.70 special and $0.10 regular dividends2027-01-21
Educational content only. Not investment advice.
More briefsAll briefs →
Oil Falls 9% to $94 as Iran Talks Ease Hormuz Fears
Brent crude (BZ=F) trades near $94 as Trump says the Iran war was worth it despite heavy midterm losses
Kyndryl Stock Jumps 30% After Earnings, Cloud Growth
Kyndryl (KD) held its full-year outlook as revenue tied to cloud providers grew 27% in the quarter.
Bitcoin Rises to $80,500 on Weaker Dollar, Democratic Congress
Bitcoin (BTC) is up over 6% from its election-night low of $75,600 as the dollar falls to a five-week low.