Credo Technology Group Holding Ltd (CRDO)

Name: Credo Technology Group Holding Ltd Financial Statements
Creator: Quarter Results

Technology | Communication Equipment

Latest reporting period: 2025-11-01

Latest Quarter

2025-11-01

Revenue

$268M

Net Income

$82.6M

Operating Margin

29.4%

Free Cash Flow

$29.0M

Debt / Assets

15.8%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Credo Technology Group Holding Ltd (CRDO).
Income Statement (Quarterly)	2025-11-01	2025-08-02	2025-02-01	2024-11-02
Revenue	268,027,000	223,074,000	135,002,000	72,034,000
Cost of Revenue	86,981,000	72,706,000	49,076,000	26,522,000
Gross Profit	181,046,000	150,368,000	85,926,000	45,512,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	44,334,000	37,178,000	23,471,000	22,177,000
Operating Expenses	102,250,000	89,626,000	59,732,000	53,919,000
Operating Income	78,796,000	60,742,000	26,194,000	-8,407,000
Interest Expense	0	0	0	0
Income Before Tax	83,685,000	64,688,000	30,112,000	-3,933,000
Income Tax Expense	1,049,000	1,289,000	752,000	292,000
Net Income	82,636,000	63,399,000	29,360,000	-4,225,000
Per Share
EPS	0.47	0.37	0.17	-0.03
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Credo Technology Group Holding Ltd (CRDO).
Income Statement (Annual)	2025-05-03	2025-04-30	2024-04-30	2024-04-27	2023-04-30
Revenue	436,775,000	436,775,000	192,970,000	192,970,000	184,194,000
Cost of Revenue	153,866,000	153,866,000	73,539,000	73,539,000	78,000,000
Gross Profit	282,909,000	282,909,000	119,431,000	119,431,000	106,194,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	98,918,000	98,918,000	60,193,000	60,193,000	48,248,000
Operating Expenses	245,785,000	245,785,000	156,489,000	156,489,000	125,022,000
Operating Income	37,124,000	37,124,000	-37,058,000	-37,058,000	-21,235,000
Interest Expense	0	0	0	0	-3,321,000
Income Before Tax	54,870,000	54,870,000	-22,745,000	-22,745,000	-17,914,000
Income Tax Expense	2,687,000	2,687,000	5,624,000	5,624,000	-1,367,000
Net Income	52,183,000	52,183,000	-28,369,000	-28,369,000	-16,547,000
Per Share
EPS	0.31	0.31	-0.18	-0.18	-0.11
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Credo Technology Group Holding Ltd (CRDO).
Balance Sheet (Quarterly)	2025-05-03	2025-04-30	2024-04-30	2024-04-27
Assets
Cash and Cash Equivalents	236,328,000	236,328,000	66,941,999	66,942,000
Short Term Investments	195,010,000	195,010,000	343,061,000	343,061,000
Net Receivables	162,144,000	162,144,000	81,224,000	81,224,000
Inventory	90,029,000	90,029,000	25,907,000	25,907,000
Total Current Assets	713,534,000	713,534,000	530,265,000	530,265,000
Property Plant Equipment	78,865,000	78,865,000	56,742,000	56,742,000
Goodwill and Intangibles	0	0	0	0
Total Assets	809,257,000	809,257,000	601,932,000	601,932,000
Liabilities
Account Payables	56,158,000	56,158,000	13,417,000	13,417,000
Short Term Debt	3,342,000	3,342,000	0	2,741,000
Total Current Liabilities	107,711,000	107,711,000	44,620,000	44,620,000
Long Term Debt	12,693,000	12,693,000	0	11,133,000
Total Liabilities	127,675,000	127,675,000	61,734,000	61,734,000
Shareholders Equity
Retained Earnings	-83,162,000	-83,162,000	-135,345,000	-135,345,000
Total Shareholders Equity	681,582,000	681,582,000	540,198,000	540,198,000

Balance sheet annual history for Credo Technology Group Holding Ltd (CRDO).
Balance Sheet (Annual)	2025-05-03	2025-04-30	2024-04-30	2024-04-27	2023-04-30
Assets
Cash and Cash Equivalents	236,328,000	236,328,000	66,941,999	66,942,000	108,583,000
Short Term Investments	195,010,000	195,010,000	343,061,000	343,061,000	109,228,000
Net Receivables	162,144,000	162,144,000	81,224,000	81,224,000	58,986,000
Inventory	90,029,000	90,029,000	25,907,000	25,907,000	46,023,000
Total Current Assets	713,534,000	713,534,000	530,265,000	530,265,000	328,232,000
Property Plant Equipment	78,865,000	78,865,000	56,742,000	56,742,000	55,082,000
Goodwill and Intangibles	0	0	0	0	0
Total Assets	809,257,000	809,257,000	601,932,000	601,932,000	397,289,000
Liabilities
Account Payables	56,158,000	56,158,000	13,417,000	13,417,000	6,067,000
Short Term Debt	3,342,000	3,342,000	0	2,741,000	0
Total Current Liabilities	107,711,000	107,711,000	44,620,000	44,620,000	31,032,000
Long Term Debt	12,693,000	12,693,000	0	11,133,000	12,869,000
Total Liabilities	127,675,000	127,675,000	61,734,000	61,734,000	49,654,000
Shareholders Equity
Retained Earnings	-83,162,000	-83,162,000	-135,345,000	-135,345,000	-106,976,000
Total Shareholders Equity	681,582,000	681,582,000	540,198,000	540,198,000	347,635,000

Cash flow quarterly history for Credo Technology Group Holding Ltd (CRDO).
Cash Flow Statement (Quarterly)	2025-05-03	2025-04-30	2024-04-27	2023-04-29
Operating Activities
Net Income	52,183,000	52,183,000	-28,369,000	-16,547,000
Depreciation & Amortization	21,938,000	21,938,000	13,771,000	9,514,000
Stock Based Compensation	77,355,000	77,355,000	39,022,000	23,516,000
Change in Working Capital	-108,404,000	-108,404,000	-731,000	-50,418,000
Operating Cash Flow	65,083,000	65,083,000	32,737,000	-24,615,000
Investing Activities
Capital Expenditure	-36,061,000	-36,061,000	-15,652,000	-21,713,000
Investments	-36,061,000	-36,061,000	-15,652,000	-21,713,000
Investing Cash Flow	111,990,000	111,990,000	-249,485,000	-130,941,000
Financing Activities
Debt Repayment	0	0	0	0
Common Stock Issued/Repurchased	0	0	173,431,000	5,501,000
Dividends Paid	0	0	0	0
Financing Cash Flow	-7,728,000	-7,728,000	175,276,000	4,885,000
Summary
Free Cash Flow	29,022,000	29,022,000	17,085,000	-46,328,000
Net Change in Cash	169,386,000	169,386,000	-41,641,000	-150,739,000

Cash flow annual history for Credo Technology Group Holding Ltd (CRDO).
Cash Flow Statement (Annual)	2025-05-03	2025-04-30	2024-04-27	2023-04-29	2022-04-30
Operating Activities
Net Income	52,183,000	52,183,000	-28,369,000	-16,547,000	-22,176,000
Depreciation & Amortization	21,938,000	21,938,000	13,771,000	9,514,000	4,793,000
Stock Based Compensation	77,355,000	77,355,000	39,022,000	23,516,000	9,188,000
Change in Working Capital	-108,404,000	-108,404,000	-731,000	-50,418,000	-29,608,000
Operating Cash Flow	65,083,000	65,083,000	32,737,000	-24,615,000	-30,832,000
Investing Activities
Capital Expenditure	-36,061,000	-36,061,000	-15,652,000	-21,713,000	-17,580,000
Investments	-36,061,000	-36,061,000	-15,652,000	-21,713,000	-17,580,000
Investing Cash Flow	111,990,000	111,990,000	-249,485,000	-130,941,000	-17,580,000
Financing Activities
Debt Repayment	0	0	0	0	0
Common Stock Issued/Repurchased	0	0	173,431,000	5,501,000	194,205,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	-7,728,000	-7,728,000	175,276,000	4,885,000	204,181,000
Summary
Free Cash Flow	29,022,000	29,022,000	17,085,000	-46,328,000	-48,412,000
Net Change in Cash	169,386,000	169,386,000	-41,641,000	-150,739,000	155,565,000