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Cricut (CRCT) backlog: remaining performance obligations

How much revenue Cricut already has under contract, how fast it converts, and who it is with.

Data as of .

Cricut backlog history

$0$250M$500M$750MDec 2022Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2026Sep 2026Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
30 Sep 2026$54.7M$708M0.1 yrs$54.7M
30 Jun 2026$56.3M$690M0.1 yrs$56.3M
31 Mar 2026$57.4M$706M0.1 yrs$57.4M
31 Dec 2025$53.3M$709M0.1 yrs$53.3M
30 Sep 2025$51.7M$714M0.1 yrs$51.7M
30 Jun 2025$53.6M$712M0.1 yrs$53.6M
31 Mar 2025$53.8M$708M0.1 yrs$53.8M
31 Dec 2024$48.3M$712M0.1 yrs$48.3M
30 Sep 2024$45.9M$734M0.1 yrs$45.9M
30 Jun 2024$47.1M$742M0.1 yrs$47.1M
31 Mar 2024$46.6M$751M0.1 yrs$46.6M
31 Dec 2023$43.2M$765M0.1 yrs$43.2M

Questions

What is Cricut's backlog?
Cricut reported $54.7M of remaining performance obligations at 30 Sep 2026, up 6% from a year earlier and down 3% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.