Circut Results Presentation Deck

[Reconciliation of Net Income to EBITDA - FY 2019 - FY 2021 (in thousands) Net Income Net Income Margin Adjusted to exclude the following: Depreciation and Amortization Expense Interest Expense, Net Corporate Income Tax Expense EBITDA* EBITDA Margin cricut THREE MONTHS ENDED THREE MONTHS ENDED 12/31/21 12/31/20 $11,924 3.1% $5,956 $26 $13,876 $31,782 8.2% $61,448 16.6% $3,906 $74 $18,060 $83,488 22.5% THREE MONTHS ENDED 12/31/19 $7,789 04 and Full Year 2021 Financial Results 4.5% $2,787 $1,229 $2,502 $14,307 8.2% YEAR ENDED 12/31/21 $140,473 10.8% $19,109 $159 $51,900 $211,641 16.2% YEAR ENDED 12/31/20 $154,578 16.1% $14,003 $1,155 $44,615 $214,351 22.4% YEAR ENDED 12/31/19 $39,211 8.1% $9,108 $3,291 $11,057 $62,667 *EBITDA includes stock-based compensation expense of $10.1 million for the three months ended December 31, 2021, $4.5 million for the three months ended December 31, 2020, $0.6 million for the three months ended December 31, 2019. EBITDA includes stock-based compensation expense of $38.1 million for the year ended December 31, 2021, $9.5 million for the year ended December 31, 2020, and $1.8 million for the year ended December 31, 2019. EBITDA includes $29.9 million in recurring stock-based compensation expense and $8.2 million in one-time expenses related to the corporate reorganization associated with the IPO in the year ended December 31, 2021. 13.0% 30

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