Circut Results Presentation Deck

cricut. As % of Revenue Gross Margin R&D Expense S&M Expense G&A Expense Operating Margin Long-term target model Cricut ADAPTIVE TOOL SYSTEM FY19 29% 5% 8% 5% 11% FY20 35% 4% 7% 3% 21% Q1 2022 Financial Results FY21 35% 6% 10% 4% 15% Long-Term Targets 37 - 38% 7-8% 8 - 10% 3 - 4% 15 - 19% 23

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