Credo Technology Group (CRDO) Financials

$169.56 -2.75 (-1.60%)

Closing price 09/19/2025 04:00 PM Eastern

Extended Trading

$170.46 +0.91 (+0.53%)

As of 09/19/2025 07:58 PM Eastern

Annual Income Statements for Credo Technology Group

This table shows Credo Technology Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	4/30/2020	4/30/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025
Net Income / (Loss) Attributable to Common Shareholders	0.00	-28	-22	-17	-28	52
Consolidated Net Income / (Loss)	1.33	-28	-22	-17	-28	52
Net Income / (Loss) Continuing Operations	1.33	-28	-22	-17	-28	52
Total Pre-Tax Income	2.10	-25	-22	-18	-23	55
Total Operating Income	2.07	-25	-22	-21	-37	37
Total Gross Profit	46	38	64	106	119	283
Total Revenue	54	59	106	184	193	437
Operating Revenue	54	59	106	184	193	437
Total Cost of Revenue	7.73	20	42	78	74	154
Operating Cost of Revenue	-	20	42	78	74	154
Total Operating Expenses	44	64	86	127	156	246
Selling, General & Admin Expense	16	29	35	48	60	99
Research & Development Expense	28	35	48	77	96	146
Impairment Charge	0.00	0.00	3.13	2.41	0.77	0.87
Total Other Income / (Expense), net	0.02	-0.06	-0.25	3.32	14	18
Other Income / (Expense), net	0.02	-0.06	-0.25	3.32	14	18
Income Tax Expense	0.77	2.22	-0.04	-1.37	5.62	2.69
Basic Earnings per Share	$0.00	($0.40)	($0.25)	($0.11)	($0.18)	$0.31
Weighted Average Basic Shares Outstanding	71.73M	69.10M	88.40M	146.56M	155.09M	167.51M
Diluted Earnings per Share	$0.00	($0.40)	($0.25)	($0.11)	($0.18)	$0.29
Weighted Average Diluted Shares Outstanding	71.73M	69.10M	88.40M	146.56M	155.09M	181.16M
Weighted Average Basic & Diluted Shares Outstanding	-	-	145.30M	149.08M	165.19M	171.64M

This table shows Credo Technology Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	1/28/2023	4/29/2023	7/29/2023	10/28/2023	1/27/2024	4/27/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025
Net Income / (Loss) Attributable to Common Shareholders	2.82	-16	-12	-6.62	0.43	-10	-9.54	-4.23	29	37	63
Consolidated Net Income / (Loss)	2.82	-16	-12	-6.62	0.43	-10	-9.54	-4.23	29	37	63
Net Income / (Loss) Continuing Operations	2.82	-16	-12	-6.62	0.43	-10	-9.54	-4.23	29	37	63
Total Pre-Tax Income	-0.36	-15	-12	-6.17	-1.62	-2.72	-8.92	-3.93	30	38	65
Total Operating Income	-2.89	-16	-14	-8.88	-5.91	-7.88	-14	-8.41	26	34	61
Total Gross Profit	32	19	21	26	33	40	37	46	86	114	150
Total Revenue	54	32	35	44	53	61	60	72	135	170	223
Operating Revenue	54	32	35	44	53	61	60	72	135	170	223
Total Cost of Revenue	22	14	14	18	21	21	22	27	49	56	73
Operating Cost of Revenue	22	14	14	18	21	21	22	27	49	56	73
Total Operating Expenses	35	35	35	35	38	48	52	54	60	80	90
Selling, General & Admin Expense	12	14	13	13	14	20	21	22	23	32	37
Research & Development Expense	21	21	23	22	24	27	30	32	36	48	52
Total Other Income / (Expense), net	2.53	1.70	2.16	2.70	4.29	5.16	5.53	4.47	3.92	3.82	3.95
Other Income / (Expense), net	2.53	1.70	2.16	2.70	4.29	5.16	5.53	4.47	3.92	3.82	3.95
Income Tax Expense	-3.18	1.25	-0.54	0.45	-2.05	7.76	0.62	0.29	0.75	1.02	1.29
Basic Earnings per Share	$0.02	($0.11)	($0.08)	($0.04)	$0.00	($0.06)	($0.06)	($0.03)	$0.17	$0.23	$0.37
Weighted Average Basic Shares Outstanding	146.91M	146.56M	149.28M	150.23M	157.16M	155.09M	165.14M	166.49M	168.17M	167.51M	171.93M
Diluted Earnings per Share	$0.02	($0.11)	($0.08)	($0.04)	$0.00	($0.06)	($0.06)	($0.03)	$0.16	$0.22	$0.34
Weighted Average Diluted Shares Outstanding	156.52M	146.56M	149.28M	150.23M	167.16M	155.09M	165.14M	166.49M	182.46M	181.16M	184.58M
Weighted Average Basic & Diluted Shares Outstanding	147.99M	149.08M	150.03M	150.66M	163.29M	165.19M	166.06M	167.24M	169.80M	171.64M	173.00M

This table details how cash moves in and out of Credo Technology Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	4/30/2020	4/30/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025
Net Change in Cash & Equivalents	42	30	156	-151	-42	169
Net Cash From Operating Activities	-10	-42	-31	-25	33	65
Net Cash From Continuing Operating Activities	-10	-42	-31	-25	33	65
Net Income / (Loss) Continuing Operations	1.33	-28	-22	-17	-28	52
Consolidated Net Income / (Loss)	1.33	-28	-22	-17	-28	52
Depreciation Expense	1.81	2.22	4.79	9.51	14	22
Non-Cash Adjustments To Reconcile Net Income	1.40	1.60	11	33	48	99
Changes in Operating Assets and Liabilities, net	-15	-19	-25	-50	-0.73	-108
Net Cash From Investing Activities	-8.83	-6.06	-18	-131	-249	112
Net Cash From Continuing Investing Activities	-8.83	-6.06	-18	-131	-249	112
Purchase of Property, Plant & Equipment	-8.83	-6.06	-18	-22	-16	-36
Purchase of Investments	-	0.00	0.00	-159	-404	-259
Sale and/or Maturity of Investments	-	0.00	0.00	50	170	407
Net Cash From Financing Activities	61	78	204	4.89	175	-7.73
Net Cash From Continuing Financing Activities	61	78	204	4.89	175	-7.73
Issuance of Common Equity	0.00	0.00	194	0.00	173	0.00
Other Financing Activities, net	0.72	1.45	2.73	4.89	1.85	-7.73
Effect of Exchange Rate Changes	0.03	0.38	-0.20	-0.07	-0.17	0.04
Cash Income Taxes Paid	0.60	1.22	0.43	1.20	1.05	1.45

This table details how cash moves in and out of Credo Technology Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	1/28/2023	4/29/2023	7/29/2023	10/28/2023	1/27/2024	4/27/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025
Net Change in Cash & Equivalents	-67	-15	18	1.94	-33	-29	37	135	60	-63	-17
Net Cash From Operating Activities	-2.31	-12	25	5.01	-1.04	4.16	-7.24	10	4.21	58	54
Net Cash From Continuing Operating Activities	-2.31	-12	25	5.01	-1.04	4.16	-7.24	10	4.21	58	54
Net Income / (Loss) Continuing Operations	2.82	-16	-12	-6.62	0.43	-10	-9.54	-4.23	29	37	63
Consolidated Net Income / (Loss)	2.82	-16	-12	-6.62	0.43	-10	-9.54	-4.23	29	37	63
Depreciation Expense	2.27	2.98	2.95	3.70	3.44	3.69	4.23	4.99	5.06	7.66	5.46
Non-Cash Adjustments To Reconcile Net Income	-2.99	22	9.98	5.03	3.46	17	20	26	32	24	37
Changes in Operating Assets and Liabilities, net	-4.42	-21	23	2.90	-8.36	-6.53	-21	-17	-62	-11	-52
Net Cash From Investing Activities	-66	-3.90	-6.61	-3.05	-207	-33	42	129	59	-119	-68
Net Cash From Continuing Investing Activities	-66	-3.90	-6.61	-3.05	-207	-33	42	129	59	-119	-68
Purchase of Property, Plant & Equipment	-6.89	-3.90	-5.31	-2.05	-5.10	-3.20	-5.86	-22	-4.60	-3.66	-2.82
Purchase of Investments	-59	-50	-61	-51	-262	-30	-114	-	-	-145	-115
Sale and/or Maturity of Investments	-	50	59	50	61	-	162	151	64	30	50
Net Cash From Financing Activities	1.56	0.60	0.53	0.13	175	0.01	1.60	-4.03	-3.33	-1.97	-2.97
Net Cash From Continuing Financing Activities	1.56	0.60	0.53	0.13	175	0.01	1.60	-4.03	-3.33	-1.97	-2.97
Issuance of Common Equity	1.87	-4.60	3.44	0.64	176	-4.89	3.51	0.87	2.41	-6.80	4.65
Other Financing Activities, net	-0.31	5.19	-2.91	-0.51	-0.99	4.90	-1.91	-4.90	-5.75	4.83	-7.62
Effect of Exchange Rate Changes	0.11	-0.06	-0.07	-0.15	0.15	-0.10	0.11	0.03	-0.03	-0.07	-0.07

This table presents Credo Technology Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	4/30/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025
Total Assets	155	376	397	602	809
Total Current Assets	138	332	328	530	714
Cash & Equivalents	104	259	109	67	236
Short-Term Investments	-	0.00	109	343	195
Accounts Receivable	14	30	50	60	162
Inventories, net	7.10	27	46	26	90
Other Current Assets	4.56	10	9.45	-	30
Plant, Property, & Equipment, net	14	22	40	44	64
Total Noncurrent Assets	3.46	22	29	28	32
Other Noncurrent Operating Assets	3.46	22	29	28	32
Total Liabilities & Shareholders' Equity	155	376	397	602	809
Total Liabilities	13	42	50	62	128
Total Current Liabilities	13	26	31	45	108
Accounts Payable	6.87	21	21	13	56
Current Employee Benefit Liabilities	1.55	4.71	6.47	9.00	16
Other Current Liabilities	-	-	-	22	35
Total Noncurrent Liabilities	0.42	15	19	17	20
Other Noncurrent Operating Liabilities	0.42	15	19	17	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-55	334	348	540	682
Total Preferred & Common Equity	-55	334	348	540	682
Total Common Equity	-55	334	348	540	682
Common Stock	13	425	455	676	765
Retained Earnings	-68	-90	-107	-135	-83
Accumulated Other Comprehensive Income / (Loss)	0.23	0.02	-0.19	-0.52	-0.44

This table presents Credo Technology Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	1/31/2022	7/30/2022	10/29/2022	1/28/2023	7/29/2023	10/28/2023	1/27/2024	8/3/2024	11/2/2024	2/1/2025	8/2/2025
Total Assets	334	406	414	417	396	406	592	645	639	720	905
Total Current Assets	302	346	350	350	321	328	511	542	538	619	804
Cash & Equivalents	241	244	191	124	127	129	96	104	239	299	220
Short-Term Investments	-	-	50	109	111	112	313	295	144	80	260
Accounts Receivable	22	55	52	43	28	33	45	72	82	157	181
Inventories, net	26	37	48	50	41	36	32	32	36	53	117
Other Current Assets	9.80	6.03	6.43	19	8.05	12	18	24	20	14	26
Plant, Property, & Equipment, net	24	38	41	39	44	45	45	70	68	68	69
Total Noncurrent Assets	8.80	21	24	28	31	33	36	32	32	33	32
Other Noncurrent Operating Assets	8.80	21	24	28	31	33	36	32	32	33	32
Total Liabilities & Shareholders' Equity	334	406	414	417	396	406	592	645	639	720	905
Total Liabilities	29	64	70	63	48	56	58	92	71	102	124
Total Current Liabilities	26	43	49	43	31	37	40	69	50	81	108
Accounts Payable	17	37	43	36	23	28	29	59	38	70	55
Current Employee Benefit Liabilities	2.32	2.93	5.37	3.37	4.93	4.90	6.91	7.81	9.18	9.24	13
Other Current Liabilities	-	-	-	-	-	-	-	-	-	-	40
Total Noncurrent Liabilities	2.70	21	20	19	17	19	18	22	21	21	15
Other Noncurrent Operating Liabilities	2.70	21	20	19	17	19	18	22	21	21	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	306	342	344	355	347	350	534	553	568	618	781
Total Preferred & Common Equity	306	342	344	355	347	350	534	553	568	618	781
Total Common Equity	306	342	344	355	347	350	534	553	568	618	781
Common Stock	391	432	438	446	466	475	659	698	717	738	802
Retained Earnings	-85	-91	-94	-91	-119	-125	-125	-145	-149	-120	-20
Accumulated Other Comprehensive Income / (Loss)	0.02	-0.07	-0.39	-0.07	-0.35	-0.58	-0.34	-0.38	-0.31	-0.40	-0.43

This table displays calculated financial ratios and metrics derived from Credo Technology Group's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	4/30/2020	4/30/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	9.03%	81.40%	72.99%	4.76%	126.34%
EBITDA Growth	0.00%	-690.53%	24.52%	51.78%	-6.83%	955.89%
EBIT Growth	0.00%	-1,307.45%	12.19%	19.35%	-26.97%	341.24%
NOPAT Growth	0.00%	-1,444.51%	12.94%	3.34%	-74.51%	236.10%
Net Income Growth	0.00%	-2,170.05%	19.39%	25.38%	-71.45%	283.94%
EPS Growth	0.00%	0.00%	37.50%	56.00%	-63.64%	261.11%
Operating Cash Flow Growth	0.00%	-313.16%	27.22%	20.16%	233.00%	98.81%
Free Cash Flow Firm Growth	0.00%	0.00%	8.86%	-35.78%	62.33%	-222.07%
Invested Capital Growth	0.00%	0.00%	93.00%	73.47%	0.29%	92.21%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-2.87%	17.47%	33.35%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-403.30%	58.55%	136.26%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-84.05%	34.48%	277.29%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-90.01%	18.68%	2,307.34%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-177.40%	16.14%	919.60%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-1,000.00%	21.74%	2,800.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	31.03%	-136.32%	95.55%	470.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	25.23%	26.81%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	6.81%	4.30%	4.70%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	85.64%	65.21%	60.12%	57.65%	61.89%	64.77%
EBITDA Margin	7.26%	-39.32%	-16.36%	-4.56%	-4.65%	17.59%
Operating Margin	3.85%	-42.99%	-20.63%	-11.53%	-19.20%	8.50%
EBIT Margin	3.89%	-43.10%	-20.86%	-9.73%	-11.79%	12.56%
Profit (Net Income) Margin	2.47%	-46.87%	-20.83%	-8.98%	-14.70%	11.95%
Tax Burden Percent	63.44%	108.76%	99.83%	92.37%	124.73%	95.10%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	36.56%	0.00%	0.00%	0.00%	0.00%	4.90%
Return on Invested Capital (ROIC)	0.00%	-91.10%	-27.07%	-14.53%	-19.95%	18.56%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-72.12%	-23.32%	-13.82%	-19.18%	14.55%
Return on Net Nonoperating Assets (RNNOA)	0.00%	52.50%	17.76%	9.67%	13.56%	-10.02%
Return on Equity (ROE)	0.00%	-38.60%	-9.30%	-4.85%	-6.39%	8.54%
Cash Return on Invested Capital (CROIC)	0.00%	-291.10%	-90.55%	-68.26%	-20.24%	-44.55%
Operating Return on Assets (OROA)	0.00%	-16.27%	-8.36%	-4.64%	-4.55%	7.78%
Return on Assets (ROA)	0.00%	-17.69%	-8.35%	-4.28%	-5.68%	7.40%
Return on Common Equity (ROCE)	0.00%	15.01%	-5.44%	-4.85%	-6.39%	8.54%
Return on Equity Simple (ROE_SIMPLE)	0.00%	49.63%	-6.64%	-4.76%	-5.25%	7.66%
Net Operating Profit after Tax (NOPAT)	1.31	-18	-15	-15	-26	35
NOPAT Margin	2.44%	-30.09%	-14.44%	-8.07%	-13.44%	8.08%
Net Nonoperating Expense Percent (NNEP)	0.00%	-18.98%	-3.74%	-0.71%	-0.77%	4.01%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	5.18%
Cost of Revenue to Revenue	14.36%	34.79%	39.88%	42.35%	38.11%	35.23%
SG&A Expenses to Revenue	30.60%	48.84%	32.78%	26.19%	31.19%	22.65%
R&D to Revenue	51.20%	59.36%	45.03%	41.68%	49.51%	33.43%
Operating Expenses to Revenue	81.80%	108.20%	80.75%	69.18%	81.10%	56.27%
Earnings before Interest and Taxes (EBIT)	2.10	-25	-22	-18	-23	55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.91	-23	-17	-8.40	-8.97	77
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.78	3.45	5.61	12.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.78	3.45	5.61	12.02
Price to Revenue (P/Rev)	3.72	3.41	15.01	6.52	15.71	18.76
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	157.04
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.64%
Enterprise Value to Invested Capital (EV/IC)	0.00	7.59	17.90	7.57	20.13	31.02
Enterprise Value to Revenue (EV/Rev)	0.00	5.01	12.58	5.33	13.58	17.77
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	101.07
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	141.48
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	219.89
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	80.05	119.28
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.73	-0.76	-0.70	-0.71	-0.69
Leverage Ratio	0.00	1.09	1.11	1.13	1.13	1.16
Compound Leverage Factor	0.00	1.09	1.11	1.13	1.13	1.16
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	138.89%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-38.89%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	9.46	23.83	15.34	30.30	40.03
Noncontrolling Interest Sharing Ratio	0.00%	138.89%	41.53%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	11.00	12.54	10.58	11.88	6.62
Quick Ratio	0.00	9.37	10.90	8.62	10.53	5.51
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-56	-51	-70	-26	-85
Operating Cash Flow to CapEx	-116.09%	-699.49%	-175.38%	-113.37%	209.16%	180.48%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.38	0.40	0.48	0.39	0.62
Accounts Receivable Turnover	0.00	4.30	4.93	4.66	3.53	3.94
Inventory Turnover	0.00	2.87	2.47	2.13	2.04	2.65
Fixed Asset Turnover	0.00	4.12	5.90	5.94	4.60	8.14
Accounts Payable Turnover	0.00	2.97	3.10	3.80	2.82	4.42
Days Sales Outstanding (DSO)	0.00	84.85	73.99	78.34	103.28	92.68
Days Inventory Outstanding (DIO)	0.00	126.99	148.03	171.64	178.51	137.51
Days Payable Outstanding (DPO)	0.00	122.75	117.84	96.10	129.64	82.52
Cash Conversion Cycle (CCC)	0.00	89.09	104.18	153.89	152.14	147.67
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	39	75	130	130	250
Invested Capital Turnover	0.00	3.03	1.87	1.80	1.48	2.30
Increase / (Decrease) in Invested Capital	0.00	39	36	55	0.37	120
Enterprise Value (EV)	0.00	294	1,339	982	2,621	7,763
Market Capitalization	200	200	1,599	1,200	3,031	8,195
Book Value per Share	$0.00	($0.80)	$2.31	$2.37	$3.31	$4.01
Tangible Book Value per Share	$0.00	($0.80)	$2.31	$2.37	$3.31	$4.01
Total Capital	0.00	143	334	348	540	682
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-104	-259	-218	-410	-431
Capital Expenditures (CapEx)	8.83	6.06	18	22	16	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	22	46	79	76	174
Debt-free Net Working Capital (DFNWC)	0.00	125	306	297	486	606
Net Working Capital (NWC)	0.00	125	306	297	486	606
Net Nonoperating Expense (NNE)	-0.02	9.85	6.80	1.68	2.43	-17
Net Nonoperating Obligations (NNO)	0.00	-104	-259	-218	-410	-431
Total Depreciation and Amortization (D&A)	1.81	2.22	4.79	9.51	14	22
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	36.65%	43.54%	43.10%	39.20%	39.95%
Debt-free Net Working Capital to Revenue	0.00%	213.41%	287.09%	161.35%	251.67%	138.70%
Net Working Capital to Revenue	0.00%	213.41%	287.09%	161.35%	251.67%	138.70%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.25)	($0.11)	($0.18)	$0.31
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	88.40M	146.56M	155.09M	167.51M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.25)	($0.11)	($0.18)	$0.29
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	88.40M	146.56M	155.09M	181.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	145.30M	149.08M	165.19M	171.64M
Normalized Net Operating Profit after Tax (NOPAT)	1.31	-18	-13	-13	-25	36
Normalized NOPAT Margin	2.44%	-30.09%	-12.38%	-7.16%	-13.17%	8.27%
Pre Tax Income Margin	3.89%	-43.10%	-20.86%	-9.73%	-11.79%	12.56%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-83.27%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Credo Technology Group's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	1/28/2023	4/29/2023	7/29/2023	10/28/2023	1/27/2024	4/27/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	70.66%	-14.49%	-24.47%	-14.28%	-2.23%	89.42%	70.15%	63.58%	154.44%	179.73%	273.57%
EBITDA Growth	162.24%	-135.24%	-874.96%	-1,382.38%	-5.22%	108.27%	49.54%	142.51%	1,835.88%	4,576.24%	1,597.29%
EBIT Growth	32.96%	-125.71%	-2,693.15%	-153.93%	-355.06%	81.50%	27.10%	36.29%	1,958.77%	1,483.70%	825.36%
NOPAT Growth	-539.91%	-158.83%	-6,501.38%	-410.35%	-104.82%	51.92%	-0.42%	5.27%	717.25%	695.84%	688.51%
Net Income Growth	2,060.42%	-197.61%	-15,923.29%	-97.11%	-84.84%	34.26%	18.44%	36.21%	6,759.81%	449.22%	764.56%
EPS Growth	0.00%	-1,000.00%	0.00%	-100.00%	-100.00%	45.45%	25.00%	25.00%	0.00%	466.67%	666.67%
Operating Cash Flow Growth	-233.99%	-601.65%	301.39%	185.03%	55.23%	135.11%	-129.41%	105.37%	506.56%	1,290.96%	848.59%
Free Cash Flow Firm Growth	10.80%	0.00%	77.80%	88.85%	87.28%	91.14%	-150.83%	-599.98%	-1,093.28%	-1,380.68%	-60.27%
Invested Capital Growth	86.53%	73.47%	11.97%	5.29%	2.71%	0.29%	40.61%	69.63%	91.47%	92.21%	95.32%
Revenue Q/Q Growth	5.65%	-40.87%	9.37%	25.47%	20.49%	14.56%	-1.76%	20.63%	87.41%	25.94%	31.20%
EBITDA Q/Q Growth	893.26%	-710.75%	20.70%	73.34%	173.41%	-46.73%	-583.99%	122.45%	3,243.63%	28.69%	54.97%
EBIT Q/Q Growth	85.36%	-4,026.12%	16.71%	49.54%	73.76%	-67.78%	-228.11%	55.90%	865.62%	24.90%	72.00%
NOPAT Q/Q Growth	-65.96%	-467.98%	12.21%	38.33%	33.40%	-33.33%	-83.37%	41.82%	533.99%	28.70%	81.11%
Net Income Q/Q Growth	184.02%	-664.54%	26.60%	43.38%	106.46%	-2,547.90%	8.94%	55.71%	794.91%	24.62%	73.28%
EPS Q/Q Growth	200.00%	-650.00%	27.27%	50.00%	100.00%	0.00%	0.00%	50.00%	633.33%	37.50%	54.55%
Operating Cash Flow Q/Q Growth	-231.70%	-411.62%	307.86%	-79.65%	-120.69%	501.25%	-274.07%	242.14%	-59.05%	1,272.79%	-6.32%
Free Cash Flow Firm Q/Q Growth	44.26%	-13.79%	67.17%	46.44%	36.43%	20.74%	-829.61%	-49.46%	-8.36%	1.65%	-0.62%
Invested Capital Q/Q Growth	17.36%	6.81%	-15.37%	-0.76%	14.49%	4.30%	18.66%	19.72%	29.23%	4.70%	20.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.94%	57.92%	59.24%	59.31%	61.36%	65.75%	62.44%	63.18%	63.65%	67.16%	67.41%
EBITDA Margin	3.53%	-36.49%	-26.45%	-5.62%	3.42%	1.59%	-7.85%	1.46%	26.06%	26.62%	31.45%
Operating Margin	-5.32%	-51.08%	-41.01%	-20.15%	-11.14%	-12.97%	-24.20%	-11.67%	19.40%	19.87%	27.23%
EBIT Margin	-0.66%	-45.78%	-34.86%	-14.02%	-3.05%	-4.47%	-14.93%	-5.46%	22.30%	22.12%	29.00%
Profit (Net Income) Margin	5.20%	-49.67%	-33.33%	-15.04%	0.81%	-17.24%	-15.98%	-5.87%	21.75%	21.52%	28.42%
Tax Burden Percent	-792.98%	108.50%	95.61%	107.29%	-26.42%	385.47%	106.97%	107.42%	97.50%	97.29%	98.01%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.50%	2.71%	1.99%
Return on Invested Capital (ROIC)	-7.56%	-64.36%	-47.70%	-21.96%	-10.40%	-13.47%	-27.89%	-13.65%	34.06%	44.39%	70.21%
ROIC Less NNEP Spread (ROIC-NNEP)	-9.61%	-62.49%	-47.03%	-21.79%	-11.82%	-11.89%	-28.07%	-14.18%	33.09%	43.51%	69.33%
Return on Net Nonoperating Assets (RNNOA)	6.89%	43.73%	32.84%	15.11%	8.54%	8.41%	19.83%	9.64%	-22.64%	-29.96%	-45.63%
Return on Equity (ROE)	-0.67%	-20.63%	-14.86%	-6.85%	-1.86%	-5.06%	-8.06%	-4.01%	11.42%	14.43%	24.58%
Cash Return on Invested Capital (CROIC)	0.00%	-68.26%	-35.13%	-33.17%	-28.57%	-20.24%	-53.41%	-69.10%	-63.64%	-44.55%	-16.60%
Operating Return on Assets (OROA)	-0.33%	-21.82%	-15.04%	-5.66%	-0.99%	-1.73%	-6.25%	-2.57%	11.13%	13.69%	22.45%
Return on Assets (ROA)	2.63%	-23.67%	-14.38%	-6.07%	0.26%	-6.66%	-6.68%	-2.76%	10.86%	13.32%	22.01%
Return on Common Equity (ROCE)	-0.67%	-20.63%	-14.86%	-6.85%	-1.86%	-5.06%	-8.06%	-4.01%	11.42%	14.43%	24.58%
Return on Equity Simple (ROE_SIMPLE)	-1.68%	0.00%	-8.11%	-8.99%	-6.34%	0.00%	-4.74%	-4.19%	0.83%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.02	-11	-10	-6.21	-4.14	-5.52	-10	-5.88	26	33	60
NOPAT Margin	-3.72%	-35.76%	-28.70%	-14.11%	-7.80%	-9.08%	-16.94%	-8.17%	18.92%	19.33%	26.69%
Net Nonoperating Expense Percent (NNEP)	2.05%	-1.87%	-0.67%	-0.17%	1.42%	-1.58%	0.18%	0.53%	0.97%	0.88%	0.88%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-0.77%	-	-	-	4.13%	4.82%	7.62%
Cost of Revenue to Revenue	41.06%	42.08%	40.76%	40.69%	38.64%	34.25%	37.56%	36.82%	36.35%	32.84%	32.59%
SG&A Expenses to Revenue	21.99%	42.30%	35.74%	30.10%	26.83%	33.17%	35.71%	30.79%	17.39%	18.79%	16.67%
R&D to Revenue	37.83%	66.70%	64.50%	49.36%	45.68%	44.29%	50.92%	44.07%	26.86%	27.99%	23.51%
Operating Expenses to Revenue	64.26%	109.00%	100.25%	79.46%	72.50%	78.72%	86.64%	74.85%	44.25%	47.29%	40.18%
Earnings before Interest and Taxes (EBIT)	-0.36	-15	-12	-6.17	-1.62	-2.72	-8.92	-3.93	30	38	65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.92	-12	-9.28	-2.48	1.82	0.97	-4.69	1.05	35	45	70
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.17	3.45	7.25	5.97	5.88	5.61	7.56	11.82	18.94	12.02	23.63
Price to Tangible Book Value (P/TBV)	7.17	3.45	7.25	5.97	5.88	5.61	7.56	11.82	18.94	12.02	23.63
Price to Revenue (P/Rev)	13.40	6.52	14.58	12.61	19.11	15.71	19.23	27.34	35.75	18.76	30.76
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,288.02	157.04	147.55
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.64%	0.68%
Enterprise Value to Invested Capital (EV/IC)	18.98	7.57	20.77	16.93	21.87	20.13	24.50	34.23	47.41	31.02	59.60
Enterprise Value to Revenue (EV/Rev)	12.17	5.33	13.20	11.16	16.62	13.58	17.40	25.78	34.59	17.77	29.96
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	348.54	101.07	118.58
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	779.13	141.48	139.97
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	219.89	164.39
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	186.85	119.41	163.11	80.05	4,239.12	1,026.10	992.37	119.28	142.17
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.72	-0.70	-0.70	-0.69	-0.72	-0.71	-0.71	-0.68	-0.68	-0.69	-0.66
Leverage Ratio	1.14	1.13	1.16	1.18	1.14	1.13	1.16	1.14	1.14	1.16	1.16
Compound Leverage Factor	1.14	1.13	1.16	1.18	1.14	1.13	1.16	1.14	1.14	1.16	1.16
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	25.34	15.36	32.11	23.04	33.13	30.41	28.22	57.98	70.35	39.96	91.27
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.07	10.58	10.27	8.82	12.72	11.88	7.81	10.84	7.67	6.62	7.41
Quick Ratio	6.37	8.62	8.51	7.34	11.29	10.53	6.78	9.36	6.64	5.51	6.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-58	-66	-22	-12	-7.43	-5.89	-55	-82	-89	-87	-88
Operating Cash Flow to CapEx	-33.58%	-303.72%	463.25%	244.89%	-20.31%	130.11%	-123.42%	46.86%	91.66%	1,582.00%	1,920.17%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.48	0.43	0.40	0.33	0.39	0.42	0.47	0.50	0.62	0.77
Accounts Receivable Turnover	5.85	4.66	4.18	3.92	3.74	3.53	4.36	4.29	3.24	3.94	4.74
Inventory Turnover	2.05	2.13	1.89	1.63	1.62	2.04	2.26	2.50	2.81	2.65	2.75
Fixed Asset Turnover	6.05	5.94	4.18	3.87	3.91	4.60	3.79	4.34	5.81	8.14	8.59
Accounts Payable Turnover	2.91	3.80	2.46	1.94	2.04	2.82	2.00	2.74	2.41	4.42	3.59
Days Sales Outstanding (DSO)	62.42	78.34	87.37	93.18	97.68	103.28	83.73	85.09	112.49	92.68	76.96
Days Inventory Outstanding (DIO)	178.26	171.64	193.23	224.31	225.48	178.51	161.68	145.71	130.12	137.51	132.52
Days Payable Outstanding (DPO)	125.50	96.10	148.17	188.45	179.23	129.64	182.55	133.27	151.52	82.52	101.55
Cash Conversion Cycle (CCC)	115.18	153.89	132.44	129.04	143.93	152.14	62.86	97.53	91.10	147.67	107.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	122	130	110	109	125	130	154	185	239	250	302
Invested Capital Turnover	2.03	1.80	1.66	1.56	1.33	1.48	1.65	1.67	1.80	2.30	2.63
Increase / (Decrease) in Invested Capital	56	55	12	5.47	3.29	0.37	45	76	114	120	147
Enterprise Value (EV)	2,307	982	2,282	1,846	2,731	2,621	3,786	6,331	11,331	7,763	17,982
Market Capitalization	2,540	1,200	2,519	2,087	3,140	3,031	4,184	6,714	11,710	8,195	18,462
Book Value per Share	$2.42	$2.37	$2.33	$2.33	$3.54	$3.31	$3.35	$3.42	$3.70	$4.01	$4.55
Tangible Book Value per Share	$2.42	$2.37	$2.33	$2.33	$3.54	$3.31	$3.35	$3.42	$3.70	$4.01	$4.55
Total Capital	355	348	347	350	534	540	553	568	618	682	781
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-233	-218	-238	-241	-409	-410	-399	-383	-379	-431	-480
Capital Expenditures (CapEx)	6.89	3.90	5.31	2.05	5.10	3.20	5.86	22	4.60	3.66	2.82
Debt-free, Cash-free Net Working Capital (DFCFNWC)	74	79	52	51	62	76	74	106	159	174	216
Debt-free Net Working Capital (DFNWC)	307	297	289	291	471	486	473	489	538	606	695
Net Working Capital (NWC)	307	297	289	291	471	486	473	489	538	606	695
Net Nonoperating Expense (NNE)	-4.84	4.46	1.62	0.41	-4.57	4.96	-0.58	-1.66	-3.82	-3.72	-3.87
Net Nonoperating Obligations (NNO)	-233	-218	-238	-241	-409	-410	-399	-383	-379	-431	-480
Total Depreciation and Amortization (D&A)	2.27	2.98	2.95	3.70	3.44	3.69	4.23	4.99	5.06	7.66	5.46
Debt-free, Cash-free Net Working Capital to Revenue	38.83%	43.10%	30.01%	30.56%	37.81%	39.20%	34.16%	43.02%	48.61%	39.95%	35.92%
Debt-free Net Working Capital to Revenue	161.70%	161.35%	167.48%	175.89%	286.86%	251.67%	217.35%	198.95%	164.39%	138.70%	115.84%
Net Working Capital to Revenue	161.70%	161.35%	167.48%	175.89%	286.86%	251.67%	217.35%	198.95%	164.39%	138.70%	115.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	($0.11)	($0.08)	($0.04)	$0.00	($0.06)	($0.06)	($0.03)	$0.17	$0.23	$0.37
Adjusted Weighted Average Basic Shares Outstanding	146.91M	146.56M	149.28M	150.23M	157.16M	155.09M	165.14M	166.49M	168.17M	167.51M	171.93M
Adjusted Diluted Earnings per Share	$0.02	($0.11)	($0.08)	($0.04)	$0.00	($0.06)	($0.06)	($0.03)	$0.16	$0.22	$0.34
Adjusted Weighted Average Diluted Shares Outstanding	156.52M	146.56M	149.28M	150.23M	167.16M	155.09M	165.14M	166.49M	182.46M	181.16M	184.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	147.99M	149.08M	150.03M	150.66M	163.29M	165.19M	166.06M	167.24M	169.80M	171.64M	173.00M
Normalized Net Operating Profit after Tax (NOPAT)	-0.34	-11	-10	-6.21	-4.14	-5.52	-10	-5.88	26	33	60
Normalized NOPAT Margin	-0.62%	-35.76%	-28.70%	-14.11%	-7.80%	-9.08%	-16.94%	-8.17%	18.92%	19.33%	26.69%
Pre Tax Income Margin	-0.66%	-45.78%	-34.86%	-14.02%	-3.05%	-4.47%	-14.93%	-5.46%	22.30%	22.12%	29.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Credo Technology Group (NASDAQ: CRDO) has shown strong growth in its financial performance over the past four years, with improving profitability, increasing revenues, and solid cash flow management. Here are the key trends and observations from the latest eight quarters of financial data:

Revenue Growth: Operating revenue has consistently increased, from $31.8 million in Q3 2022 to $223.1 million in Q1 2026, indicating strong top-line growth.
Rising Profitability: The company reported a consolidated net income of $63.4 million in Q1 2026, a significant improvement from small losses and modest profits in earlier periods.
Operating Margin Expansion: Total operating income increased substantially, reaching $60.7 million in Q1 2026 versus losses or modest gains in prior years, reflecting improved operational efficiency.
Positive Free Cash Flow: Net cash from operating activities was $54.2 million in Q1 2026, compared to negative or smaller cash flows in earlier periods, showing stronger cash generation.
Healthy Balance Sheet: Total assets increased from approximately $334 million in Q3 2022 to $905 million in Q1 2026, with substantial common equity of $781 million and manageable liabilities ($124 million), ensuring financial stability.
Effective Investment Activities: Despite large purchases of investments (e.g., $115 million in Q1 2026), the company also had significant sales and maturities, maintaining liquidity.
Stock Issuance and Share Count: Shares outstanding increased over time, with weighted average basic shares rising from roughly 74 million in early 2022 to about 172 million in Q1 2026, slightly diluting EPS but supporting capital needs.
Research & Development Spending: R&D expenses have grown steadily, reflecting ongoing innovation efforts, reaching $52.4 million in Q1 2026. This is supportive long-term but increases costs in the short term.
Volatile Net Income History: Prior to 2025, the company experienced losses in many quarters, with net losses as high as $16 million in Q4 2023, indicating past operational challenges.
High Investment Purchases: Large capital expenditures and investment purchases (e.g., $145 million in Q4 2025 and $115 million in Q1 2026) imply significant cash outflows which could pressure liquidity if not managed properly.

In summary, Credo Technology Group has transitioned from a period of losses and operating challenges to robust revenue growth and profitability in recent quarters, backed by solid cash flow and an expanding asset base. While ongoing investment spending and share dilution present some risks, the overall financial trajectory appears positive and suggests improving operational performance and financial health.

09/20/25 04:18 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Credo Technology Group's Financials

When does Credo Technology Group's fiscal year end?

According to the most recent income statement we have on file, Credo Technology Group's financial year ends in May. Their financial year 2025 ended on May 3, 2025.

How has Credo Technology Group's net income changed over the last 5 years?

Credo Technology Group's net income appears to be on a downward trend, with a most recent value of $52.18 million in 2025, rising from $1.33 million in 2020. The previous period was -$28.37 million in 2024. View Credo Technology Group's forecast to see where analysts expect Credo Technology Group to go next.

What is Credo Technology Group's operating income?

Credo Technology Group's total operating income in 2025 was $37.12 million, based on the following breakdown:

Total Gross Profit: $282.91 million
Total Operating Expenses: $245.79 million

How has Credo Technology Group's revenue changed over the last 5 years?

Over the last 5 years, Credo Technology Group's total revenue changed from $53.84 million in 2020 to $436.78 million in 2025, a change of 711.3%.

How much debt does Credo Technology Group have?

Credo Technology Group's total liabilities were at $127.68 million at the end of 2025, a 106.8% increase from 2024, and a 885.5% increase since 2021.

How much cash does Credo Technology Group have?

In the past 4 years, Credo Technology Group's cash and equivalents has ranged from $66.94 million in 2024 to $259.32 million in 2022, and is currently $236.33 million as of their latest financial filing in 2025.

How has Credo Technology Group's book value per share changed over the last 5 years?

Over the last 5 years, Credo Technology Group's book value per share changed from 0.00 in 2020 to 4.01 in 2025, a change of 401.4%.

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This page (NASDAQ:CRDO) was last updated on 9/20/2025 by MarketBeat.com Staff

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Credo Technology Group (CRDO) Financials

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Credo Technology Group (CRDO) Financials

Annual Income Statements for Credo Technology Group

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Annual Balance Sheets for Credo Technology Group

Quarterly Balance Sheets for Credo Technology Group

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Quarterly Metrics And Ratios for Credo Technology Group

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Key Financial Trends

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