Cricut has been a public company since 2021, and Petrus Trust Company of Dallas and its affiliates hold about 74 percent of the vote. That is the ownership answer. The making answer is shorter. Cricut's annual report says three contract manufacturers in Malaysia build its cutting machines, and none of them are in Utah. The company is run from South Jordan, and it started in Provo in 1969 as a craft business called Provo Craft & Novelty.
Quick answers
Where are Cricut machines made?
By three contract manufacturers in Malaysia, according to Cricut's 2025 annual report.
Is Cricut an American company?
Yes. It was incorporated in Utah in 1969 as Provo Craft & Novelty and is run from South Jordan, Utah.
Who owns Cricut?
It is public on Nasdaq as CRCT, but Petrus and its affiliates held about 74 percent of the voting power at the end of 2025.
Where is Cricut located?
Its headquarters is in South Jordan, Utah.
Where are Cricut machines made
In Malaysia. Cricut outsources all of its manufacturing, according to its annual report for 2025. It uses three contract manufacturers with operations in Malaysia to build the connected machines, meaning the Joy, Explore, Maker and Venture lines. Accessories and materials, such as vinyl and cardstock, come from contract manufacturers mainly in Malaysia, China, Thailand and South Korea.
Cricut doesn't own a factory or any other real estate. Every office is leased. Besides headquarters in South Jordan, it rents space elsewhere in Utah and abroad, in China and Malaysia.
Where is Cricut's headquarters
South Jordan, Utah, under leases that run to May 2029. The company had more than 700 employees at the end of 2025, 185 of them outside the United States.
It was incorporated in Utah in June 1969 as Provo Craft & Novelty, and it reincorporated in Delaware in 2020. Its old building in downtown Provo emptied out when Provo Craft moved its internet sales division and woodshop to Spanish Fork in 2006, the Daily Herald reported. The first Cricut machine arrived in January 2005, according to Wikipedia. It cut shapes up to 6 by 12 inches from designs stored on cartridges, which now sounds like a description of a video game console. The company changed its name to Cricut, Inc. in March 2018.
Who owns Cricut
Public shareholders own part of it, and Petrus owns most of the vote. Cricut sold shares on Nasdaq under the ticker CRCT in March 2021, but it has two classes of stock. Class A shares, the ones that trade, carry one vote each. Class B shares carry five. The annual report says Petrus and its affiliates held about 74 percent of the voting power at the end of 2025, which makes Cricut a "controlled company" under Nasdaq rules.
An ownership filing with the SEC, dated to March 31, 2026, lists the Petrus entities in care of Petrus Trust Company on Turtle Creek Boulevard in Dallas. Ashish Arora, whom the report calls the founder of Cricut's current product family and business model, is CEO.
How big is Cricut
Revenue was $708.8 million in 2025, down 1 percent from the year before, and net income was $76.7 million. Cricut counted nearly 5.9 million active users at the end of the year. The report says 94 percent of them identify as women and about 23 percent make projects to sell.
Cricut calls that a shift in production "from factory floors to kitchen tables." The factory floors are in Malaysia. The company that sells the idea still answers to an address in South Jordan.
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