What is Credo Technology Group's operating income?

Credo Technology Group's total operating income in 2026 was $445.01 million, based on the following breakdown: Total Gross Profit: $908.35 million Total Operating Expenses: $463.34 million

Credo Technology Group (CRDO) Financials

$241.91 0.00 (0.00%)

Closing price 07/2/2026 04:00 PM Eastern

Extended Trading

$243.50 +1.59 (+0.66%)

As of 07/2/2026 07:59 PM Eastern

Compare

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	2026
Period end date	4/30/2020	4/30/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025	5/2/2026
Net Income / (Loss) Attributable to Common Shareholders	0.00	-28	-22	-17	-28	52	472
Consolidated Net Income / (Loss)	1.33	-28	-22	-17	-28	52	472
Net Income / (Loss) Continuing Operations	1.33	-28	-22	-17	-28	52	472
Total Pre-Tax Income	2.10	-25	-22	-18	-23	55	475
Total Operating Income	2.07	-25	-22	-21	-37	37	445
Total Gross Profit	46	38	64	106	119	283	908
Total Revenue	54	59	106	184	193	437	1,335
Operating Revenue	54	59	106	184	193	437	1,335
Total Cost of Revenue	7.73	20	42	78	74	154	427
Operating Cost of Revenue	-	20	42	78	74	154	427
Total Operating Expenses	44	64	86	127	156	246	463
Selling, General & Admin Expense	16	29	35	48	60	99	184
Research & Development Expense	28	35	48	77	96	147	279
Total Other Income / (Expense), net	0.02	-0.06	-0.25	3.32	14	18	30
Other Income / (Expense), net	0.02	-0.06	-0.25	3.32	14	18	30
Income Tax Expense	0.77	2.22	-0.04	-1.37	5.62	2.69	3.16
Basic Earnings per Share	$0.00	($0.40)	($0.25)	($0.11)	($0.18)	$0.31	$2.65
Weighted Average Basic Shares Outstanding	71.73M	69.10M	88.40M	146.56M	155.09M	167.51M	178.54M
Diluted Earnings per Share	$0.00	($0.40)	($0.25)	($0.11)	($0.18)	$0.29	$2.51
Weighted Average Diluted Shares Outstanding	71.73M	69.10M	88.40M	146.56M	155.09M	181.16M	188.23M
Weighted Average Basic & Diluted Shares Outstanding	-	-	145.30M	149.08M	165.19M	171.64M	186.48M

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	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	10/28/2023	1/27/2024	4/27/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026
Net Income / (Loss) Attributable to Common Shareholders	-6.62	0.43	-10	-9.54	-4.23	29	37	63	83	157	169
Consolidated Net Income / (Loss)	-6.62	0.43	-10	-9.54	-4.23	29	37	63	83	157	169
Net Income / (Loss) Continuing Operations	-6.62	0.43	-10	-9.54	-4.23	29	37	63	83	157	169
Total Pre-Tax Income	-6.17	-1.62	-2.72	-8.92	-3.93	30	38	65	84	159	168
Total Operating Income	-8.88	-5.91	-7.88	-14	-8.41	26	34	61	79	150	156
Total Gross Profit	26	33	40	37	46	86	114	150	181	279	298
Total Revenue	44	53	61	60	72	135	170	223	268	407	437
Operating Revenue	44	53	61	60	72	135	170	223	268	407	437
Total Cost of Revenue	18	21	21	22	27	49	56	73	87	128	139
Operating Cost of Revenue	18	21	21	22	27	49	56	73	87	128	139
Total Operating Expenses	35	38	48	52	54	60	80	90	102	129	142
Selling, General & Admin Expense	13	14	20	21	22	23	32	37	44	51	52
Research & Development Expense	22	24	27	30	32	36	48	52	58	78	91
Total Other Income / (Expense), net	2.70	4.29	5.16	5.53	4.47	3.92	3.82	3.95	4.89	9.46	12
Other Income / (Expense), net	2.70	4.29	5.16	5.53	4.47	3.92	3.82	3.95	4.89	9.46	12
Income Tax Expense	0.45	-2.05	7.76	0.62	0.29	0.75	1.02	1.29	1.05	1.94	-1.12
Basic Earnings per Share	($0.04)	$0.00	($0.06)	($0.06)	($0.03)	$0.17	$0.23	$0.37	$0.47	$0.86	$0.95
Weighted Average Basic Shares Outstanding	150.23M	157.16M	155.09M	165.14M	166.49M	168.17M	167.51M	171.93M	175.31M	182.22M	178.54M
Diluted Earnings per Share	($0.04)	$0.00	($0.06)	($0.06)	($0.03)	$0.16	$0.22	$0.34	$0.44	$0.82	$0.91
Weighted Average Diluted Shares Outstanding	150.23M	167.16M	155.09M	165.14M	166.49M	182.46M	181.16M	184.58M	187.66M	192.02M	188.23M
Weighted Average Basic & Diluted Shares Outstanding	150.66M	163.29M	165.19M	166.06M	167.24M	169.80M	171.64M	173.00M	180.63M	184.45M	186.48M

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	2026
Period end date	4/30/2020	4/30/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025	5/2/2026
Net Change in Cash & Equivalents	42	30	156	-151	-42	169	929
Net Cash From Operating Activities	-10	-42	-31	-25	33	65	464
Net Cash From Continuing Operating Activities	-10	-42	-31	-25	33	65	464
Net Income / (Loss) Continuing Operations	1.33	-28	-22	-17	-28	52	472
Consolidated Net Income / (Loss)	1.33	-28	-22	-17	-28	52	472
Depreciation Expense	1.81	2.22	4.79	9.51	14	22	35
Amortization Expense	-	-	-	-	0.00	0.00	0.40
Non-Cash Adjustments To Reconcile Net Income	1.40	1.60	11	33	48	99	199
Changes in Operating Assets and Liabilities, net	-15	-19	-25	-50	-0.73	-108	-242
Net Cash From Investing Activities	-8.83	-6.06	-18	-131	-249	112	-254
Net Cash From Continuing Investing Activities	-8.83	-6.06	-18	-131	-249	112	-254
Purchase of Property, Plant & Equipment	-8.83	-6.06	-18	-22	-16	-36	-57
Acquisitions	-	-	-	-	0.00	0.00	-113
Purchase of Investments	-	0.00	0.00	-159	-404	-259	-393
Sale and/or Maturity of Investments	-	0.00	0.00	50	170	407	310
Net Cash From Financing Activities	61	78	204	4.89	175	-7.73	718
Net Cash From Continuing Financing Activities	61	78	204	4.89	175	-7.73	718
Issuance of Common Equity	0.00	0.00	194	0.00	180	7.83	743
Other Financing Activities, net	0.72	1.45	2.73	4.89	-5.21	-16	-26
Effect of Exchange Rate Changes	0.03	0.38	-0.20	-0.07	-0.17	0.04	0.23
Cash Income Taxes Paid	0.60	1.22	0.43	1.20	1.05	1.45	2.47

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	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	10/28/2023	1/27/2024	4/27/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026
Net Change in Cash & Equivalents	1.94	-33	-29	37	135	60	-63	-17	348	653	-56
Net Cash From Operating Activities	5.01	-1.04	4.16	-7.24	10	4.21	58	54	62	166	182
Net Cash From Continuing Operating Activities	5.01	-1.04	4.16	-7.24	10	4.21	58	54	62	166	182
Net Income / (Loss) Continuing Operations	-6.62	0.43	-10	-9.54	-4.23	29	37	63	83	157	169
Consolidated Net Income / (Loss)	-6.62	0.43	-10	-9.54	-4.23	29	37	63	83	157	169
Depreciation Expense	3.70	3.44	3.69	4.23	4.99	5.06	7.66	5.46	6.57	6.76	16
Non-Cash Adjustments To Reconcile Net Income	5.03	3.46	17	20	26	32	24	37	51	56	54
Changes in Operating Assets and Liabilities, net	2.90	-8.36	-6.53	-21	-17	-62	-11	-52	-79	-54	-58
Net Cash From Investing Activities	-3.05	-207	-33	42	129	59	-119	-68	-92	138	-232
Net Cash From Continuing Investing Activities	-3.05	-207	-33	42	129	59	-119	-68	-92	138	-232
Purchase of Property, Plant & Equipment	-2.05	-5.10	-3.20	-5.86	-22	-4.60	-3.66	-2.82	-23	-27	-4.77
Acquisitions	-	-	-	-	-	-	-	-	-	-	-30
Purchase of Investments	-51	-262	-30	-114	-	-	-145	-115	-	-	-278
Sale and/or Maturity of Investments	50	61	-	162	151	64	30	50	14	165	81
Net Cash From Financing Activities	0.13	175	0.01	1.60	-4.03	-3.33	-1.97	-2.97	378	348	-5.33
Net Cash From Continuing Financing Activities	0.13	175	0.01	1.60	-4.03	-3.33	-1.97	-2.97	378	348	-5.33
Issuance of Common Equity	0.64	176	-4.89	3.51	0.87	2.41	-6.80	4.65	385	353	0.48
Other Financing Activities, net	-0.51	-0.99	4.90	-1.91	-4.90	-5.75	4.83	-7.62	-7.26	-5.10	-5.81
Effect of Exchange Rate Changes	-0.15	0.15	-0.10	0.11	0.03	-0.03	-0.07	-0.07	0.12	0.15	0.03

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	2026
Period end date	4/30/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025	5/2/2026
Total Assets	155	376	397	602	809	2,296
Total Current Assets	138	332	328	530	714	2,001
Cash & Equivalents	104	259	109	67	236	1,165
Short-Term Investments	-	0.00	109	343	195	278
Accounts Receivable	14	30	50	60	162	233
Inventories, net	7.10	27	46	26	90	251
Other Current Assets	4.56	10	9.45	-	30	74
Plant, Property, & Equipment, net	14	22	40	44	64	102
Total Noncurrent Assets	3.46	22	29	28	32	193
Goodwill	-	-	-	-	0.00	93
Intangible Assets	-	-	-	-	0.00	29
Other Noncurrent Operating Assets	3.46	22	29	28	32	71
Total Liabilities & Shareholders' Equity	155	376	397	602	809	2,296
Total Liabilities	13	42	50	62	128	232
Total Current Liabilities	13	26	31	45	108	197
Accounts Payable	6.87	21	21	13	56	107
Current Employee Benefit Liabilities	1.55	4.71	6.47	9.00	16	22
Other Current Liabilities	-	-	-	22	35	68
Total Noncurrent Liabilities	0.42	15	19	17	20	35
Other Noncurrent Operating Liabilities	0.42	15	19	17	20	35
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-55	334	348	540	682	2,064
Total Preferred & Common Equity	-55	334	348	540	682	2,064
Total Common Equity	-55	334	348	540	682	2,064
Common Stock	13	425	455	676	765	1,672
Retained Earnings	-68	-90	-107	-135	-83	389
Accumulated Other Comprehensive Income / (Loss)	0.23	0.02	-0.19	-0.52	-0.44	2.43

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	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	11/1/2025	1/31/2026
Total Assets	414	417	396	406	592	645	639	720	905	1,449	2,037
Total Current Assets	350	350	321	328	511	542	538	619	804	1,243	1,787
Cash & Equivalents	191	124	127	129	96	104	239	299	220	568	1,220
Short-Term Investments	50	109	111	112	313	295	144	80	260	246	81
Accounts Receivable	52	43	28	33	45	72	82	157	181	245	243
Inventories, net	48	50	41	36	32	32	36	53	117	150	208
Other Current Assets	6.43	19	8.05	12	18	24	20	14	26	34	34
Plant, Property, & Equipment, net	41	39	44	45	45	70	68	68	69	86	106
Total Noncurrent Assets	24	28	31	33	36	32	32	33	32	120	145
Goodwill	-	-	-	-	-	-	-	-	-	69	71
Intangible Assets	-	-	-	-	-	-	-	-	-	17	18
Other Noncurrent Operating Assets	24	28	31	33	36	32	32	33	32	34	56
Total Liabilities & Shareholders' Equity	414	417	396	406	592	645	639	720	905	1,449	2,037
Total Liabilities	70	63	48	56	58	92	71	102	124	163	188
Total Current Liabilities	49	43	31	37	40	69	50	81	108	140	165
Accounts Payable	43	36	23	28	29	59	38	70	55	64	94
Current Employee Benefit Liabilities	5.37	3.37	4.93	4.90	6.91	7.81	9.18	9.24	13	19	14
Other Current Liabilities	-	-	-	-	-	-	-	-	40	57	57
Total Noncurrent Liabilities	20	19	17	19	18	22	21	21	15	23	23
Other Noncurrent Operating Liabilities	20	19	17	19	18	22	21	21	15	23	23
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	344	355	347	350	534	553	568	618	781	1,286	1,849
Total Preferred & Common Equity	344	355	347	350	534	553	568	618	781	1,286	1,849
Total Common Equity	344	355	347	350	534	553	568	618	781	1,286	1,849
Common Stock	438	446	466	475	659	698	717	738	802	1,224	1,627
Retained Earnings	-94	-91	-119	-125	-125	-145	-149	-120	-20	63	220
Accumulated Other Comprehensive Income / (Loss)	-0.39	-0.07	-0.35	-0.58	-0.34	-0.38	-0.31	-0.40	-0.43	-0.63	2.08

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

Metric	2020	2021	2022	2023	2024	2025	2026
Period end date	4/30/2020	4/30/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025	5/2/2026
DEI Shares Outstanding	-	-	-	-	-	-	184,449,940.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	184,449,940.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	2.56
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	9.03%	81.40%	72.99%	4.76%	126.34%	205.68%
EBITDA Growth	0.00%	-690.53%	24.52%	51.78%	-6.83%	955.89%	564.61%
EBIT Growth	0.00%	-1,307.45%	12.19%	19.35%	-26.97%	341.24%	766.48%
NOPAT Growth	0.00%	-1,444.51%	12.94%	3.34%	-74.51%	236.10%	1,152.06%
Net Income Growth	0.00%	-2,170.05%	19.39%	25.38%	-71.45%	283.94%	805.04%
EPS Growth	0.00%	0.00%	37.50%	56.00%	-63.64%	261.11%	765.52%
Operating Cash Flow Growth	0.00%	-313.16%	27.22%	20.16%	233.00%	98.81%	613.38%
Free Cash Flow Firm Growth	0.00%	0.00%	8.86%	-35.78%	62.33%	-222.07%	184.93%
Invested Capital Growth	0.00%	0.00%	93.00%	73.47%	0.29%	92.21%	147.89%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-2.87%	17.47%	33.35%	24.99%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-403.30%	58.55%	136.26%	37.41%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-84.05%	34.48%	277.29%	37.78%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-90.01%	18.68%	2,307.34%	39.01%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-177.40%	16.14%	919.60%	39.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-1,000.00%	21.74%	2,800.00%	37.91%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	31.03%	-136.32%	95.55%	470.00%	36.61%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	25.23%	26.81%	650.81%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	6.81%	4.30%	4.70%	13.32%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	85.64%	65.21%	60.12%	57.65%	61.89%	64.77%	68.04%
EBITDA Margin	7.26%	-39.32%	-16.36%	-4.56%	-4.65%	17.59%	38.23%
Operating Margin	3.85%	-42.99%	-20.63%	-11.53%	-19.20%	8.50%	33.33%
EBIT Margin	3.89%	-43.10%	-20.86%	-9.73%	-11.79%	12.56%	35.61%
Profit (Net Income) Margin	2.47%	-46.87%	-20.83%	-8.98%	-14.70%	11.95%	35.37%
Tax Burden Percent	63.44%	108.76%	99.83%	92.37%	124.73%	95.10%	99.34%
Interest Burden Percent	100.00%	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%	0.66%
Return on Invested Capital (ROIC)	0.00%	-91.10%	-27.07%	-14.53%	-19.95%	18.56%	101.55%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-72.12%	-23.32%	-13.82%	-19.18%	14.55%	98.33%
Return on Net Nonoperating Assets (RNNOA)	0.00%	52.50%	17.76%	9.67%	13.56%	-10.02%	-67.15%
Return on Equity (ROE)	0.00%	-38.60%	-9.30%	-4.85%	-6.39%	8.54%	34.41%
Cash Return on Invested Capital (CROIC)	0.00%	-291.10%	-90.55%	-68.26%	-20.24%	-44.55%	16.53%
Operating Return on Assets (OROA)	0.00%	-16.27%	-8.36%	-4.64%	-4.55%	7.78%	30.63%
Return on Assets (ROA)	0.00%	-17.69%	-8.35%	-4.28%	-5.68%	7.40%	30.42%
Return on Common Equity (ROCE)	0.00%	15.01%	-5.44%	-4.85%	-6.39%	8.54%	34.41%
Return on Equity Simple (ROE_SIMPLE)	0.00%	49.63%	-6.64%	-4.76%	-5.25%	7.66%	0.00%
Net Operating Profit after Tax (NOPAT)	1.31	-18	-15	-15	-26	35	442
NOPAT Margin	2.44%	-30.09%	-14.44%	-8.07%	-13.44%	8.08%	33.11%
Net Nonoperating Expense Percent (NNEP)	0.00%	-18.98%	-3.74%	-0.71%	-0.77%	4.01%	3.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	5.18%	21.42%
Cost of Revenue to Revenue	14.36%	34.79%	39.88%	42.35%	38.11%	35.23%	31.96%
SG&A Expenses to Revenue	30.60%	48.84%	32.78%	26.19%	31.19%	22.65%	13.78%
R&D to Revenue	51.20%	59.36%	45.03%	41.68%	49.51%	33.43%	20.93%
Operating Expenses to Revenue	81.80%	108.20%	80.75%	69.18%	81.10%	56.27%	34.70%
Earnings before Interest and Taxes (EBIT)	2.10	-25	-22	-18	-23	55	475
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.91	-23	-17	-8.40	-8.97	77	510
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.78	3.45	5.61	12.02	16.48
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.78	3.45	5.61	12.02	17.52
Price to Revenue (P/Rev)	3.72	3.41	15.01	6.52	15.71	18.76	25.47
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	157.04	72.01
Dividend Yield	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%	0.64%	1.39%
Enterprise Value to Invested Capital (EV/IC)	0.00	7.59	17.90	7.57	20.13	31.02	52.50
Enterprise Value to Revenue (EV/Rev)	0.00	5.01	12.58	5.33	13.58	17.77	24.39
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	101.07	63.80
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	141.48	68.50
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	219.89	73.67
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	80.05	119.28	70.14
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	452.49
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	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
Financial Leverage	0.00	-0.73	-0.76	-0.70	-0.71	-0.69	-0.68
Leverage Ratio	0.00	1.09	1.11	1.13	1.13	1.16	1.13
Compound Leverage Factor	0.00	1.09	1.11	1.13	1.13	1.16	1.13
Debt to Total Capital	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%
Long-Term Debt to Total Capital	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%
Noncontrolling Interests to Total Capital	0.00%	138.89%	0.00%	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%	100.00%
Debt to EBITDA	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
Long-Term Debt to EBITDA	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
Net Debt to NOPAT	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
Altman Z-Score	0.00	9.46	23.83	15.34	30.30	40.03	90.40
Noncontrolling Interest Sharing Ratio	0.00%	138.89%	41.53%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	11.00	12.54	10.58	11.88	6.62	10.15
Quick Ratio	0.00	9.37	10.90	8.62	10.53	5.51	8.51
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-56	-51	-70	-26	-85	72
Operating Cash Flow to CapEx	-116.09%	-699.49%	-175.38%	-113.37%	209.16%	180.48%	810.34%
Free Cash Flow to Firm to Interest Expense	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
Operating Cash Flow Less CapEx to Interest Expense	0.00	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	0.86
Accounts Receivable Turnover	0.00	4.30	4.93	4.66	3.53	3.94	6.75
Inventory Turnover	0.00	2.87	2.47	2.13	2.04	2.65	2.50
Fixed Asset Turnover	0.00	4.12	5.90	5.94	4.60	8.14	16.16
Accounts Payable Turnover	0.00	2.97	3.10	3.80	2.82	4.42	5.22
Days Sales Outstanding (DSO)	0.00	84.85	73.99	78.34	103.28	92.68	54.06
Days Inventory Outstanding (DIO)	0.00	126.99	148.03	171.64	178.51	137.51	145.76
Days Payable Outstanding (DPO)	0.00	122.75	117.84	96.10	129.64	82.52	69.92
Cash Conversion Cycle (CCC)	0.00	89.09	104.18	153.89	152.14	147.67	129.91
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	39	75	130	130	250	620
Invested Capital Turnover	0.00	3.03	1.87	1.80	1.48	2.30	3.07
Increase / (Decrease) in Invested Capital	0.00	39	36	55	0.37	120	370
Enterprise Value (EV)	0.00	294	1,339	982	2,621	7,763	32,566
Market Capitalization	200	200	1,599	1,200	3,031	8,195	34,009
Book Value per Share	$0.00	($0.80)	$2.31	$2.37	$3.31	$4.01	$11.19
Tangible Book Value per Share	$0.00	($0.80)	$2.31	$2.37	$3.31	$4.01	$10.53
Total Capital	0.00	143	334	348	540	682	2,064
Total Debt	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
Net Debt	0.00	-104	-259	-218	-410	-431	-1,443
Capital Expenditures (CapEx)	8.83	6.06	18	22	16	36	57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	22	46	79	76	174	361
Debt-free Net Working Capital (DFNWC)	0.00	125	306	297	486	606	1,804
Net Working Capital (NWC)	0.00	125	306	297	486	606	1,804
Net Nonoperating Expense (NNE)	-0.02	9.85	6.80	1.68	2.43	-17	-30
Net Nonoperating Obligations (NNO)	0.00	-104	-259	-218	-410	-431	-1,443
Total Depreciation and Amortization (D&A)	1.81	2.22	4.79	9.51	14	22	35
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	36.65%	43.54%	43.10%	39.20%	39.95%	27.02%
Debt-free Net Working Capital to Revenue	0.00%	213.41%	287.09%	161.35%	251.67%	138.70%	135.12%
Net Working Capital to Revenue	0.00%	213.41%	287.09%	161.35%	251.67%	138.70%	135.12%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.25)	($0.11)	($0.18)	$0.31	$2.65
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	88.40M	146.56M	155.09M	167.51M	178.54M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.25)	($0.11)	($0.18)	$0.29	$2.51
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	88.40M	146.56M	155.09M	181.16M	188.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$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	186.48M
Normalized Net Operating Profit after Tax (NOPAT)	1.31	-18	-13	-13	-25	36	442
Normalized NOPAT Margin	2.44%	-30.09%	-12.38%	-7.16%	-13.17%	8.27%	33.11%
Pre Tax Income Margin	3.89%	-43.10%	-20.86%	-9.73%	-11.79%	12.56%	35.61%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	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
EBIT Less CapEx to Interest Expense	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
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	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%	0.00%

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	10/28/2023	1/27/2024	4/27/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	180,631,719.00	184,449,940.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	180,631,719.00	184,449,940.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.87	0.92
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.28%	-2.23%	89.42%	70.15%	63.58%	154.44%	179.73%	273.57%	272.08%	-	157.02%
EBITDA Growth	-1,382.38%	-5.22%	108.27%	49.54%	142.51%	1,835.88%	4,576.24%	1,597.29%	8,479.09%	-	306.12%
EBIT Growth	-153.93%	-355.06%	81.50%	27.10%	36.29%	1,958.77%	1,483.70%	825.36%	2,227.77%	-	346.65%
NOPAT Growth	-410.35%	-104.82%	51.92%	-0.42%	5.27%	717.25%	695.84%	688.51%	1,422.17%	-	377.28%
Net Income Growth	-97.11%	-84.84%	34.26%	18.44%	36.21%	6,759.81%	449.22%	764.56%	2,055.88%	-	362.18%
EPS Growth	-100.00%	-100.00%	45.45%	25.00%	25.00%	0.00%	466.67%	666.67%	1,566.67%	-	313.64%
Operating Cash Flow Growth	185.03%	55.23%	135.11%	-129.41%	105.37%	506.56%	1,290.96%	848.59%	499.56%	-	215.18%
Free Cash Flow Firm Growth	88.85%	87.28%	91.14%	-150.83%	-599.98%	-1,093.28%	-1,380.68%	-60.27%	-156.39%	-	-144.55%
Invested Capital Growth	5.29%	2.71%	0.29%	40.61%	69.63%	91.47%	92.21%	95.32%	155.47%	-	147.89%
Revenue Q/Q Growth	25.47%	20.49%	14.56%	-1.76%	20.63%	87.41%	25.94%	31.20%	20.15%	-	7.37%
EBITDA Q/Q Growth	73.34%	173.41%	-46.73%	-583.99%	122.45%	3,243.63%	28.69%	54.97%	28.66%	-	10.85%
EBIT Q/Q Growth	49.54%	73.76%	-67.78%	-228.11%	55.90%	865.62%	24.90%	72.00%	29.37%	-	5.59%
NOPAT Q/Q Growth	38.33%	33.40%	-33.33%	-83.37%	41.82%	533.99%	28.70%	81.11%	30.70%	-	6.15%
Net Income Q/Q Growth	43.38%	106.46%	-2,547.90%	8.94%	55.71%	794.91%	24.62%	73.28%	30.34%	-	7.61%
EPS Q/Q Growth	50.00%	100.00%	0.00%	0.00%	50.00%	633.33%	37.50%	54.55%	29.41%	-	10.98%
Operating Cash Flow Q/Q Growth	-79.65%	-120.69%	501.25%	-274.07%	242.14%	-59.05%	1,272.79%	-6.32%	13.84%	-	9.64%
Free Cash Flow Firm Q/Q Growth	46.44%	36.43%	20.74%	-829.61%	-49.46%	-8.36%	1.65%	-0.62%	-139.10%	-	-32.75%
Invested Capital Q/Q Growth	-0.76%	14.49%	4.30%	18.66%	19.72%	29.23%	4.70%	20.58%	56.59%	-	13.32%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.31%	61.36%	65.75%	62.44%	63.18%	63.65%	67.16%	67.41%	67.55%	-	68.21%
EBITDA Margin	-5.62%	3.42%	1.59%	-7.85%	1.46%	26.06%	26.62%	31.45%	33.67%	-	42.07%
Operating Margin	-20.15%	-11.14%	-12.97%	-24.20%	-11.67%	19.40%	19.87%	27.23%	29.40%	-	35.66%
EBIT Margin	-14.02%	-3.05%	-4.47%	-14.93%	-5.46%	22.30%	22.12%	29.00%	31.22%	-	38.44%
Profit (Net Income) Margin	-15.04%	0.81%	-17.24%	-15.98%	-5.87%	21.75%	21.52%	28.42%	30.83%	-	38.70%
Tax Burden Percent	107.29%	-26.42%	385.47%	106.97%	107.42%	97.50%	97.29%	98.01%	98.75%	-	100.67%
Interest Burden Percent	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%	2.50%	2.71%	1.99%	1.25%	-	-0.67%
Return on Invested Capital (ROIC)	-21.96%	-10.40%	-13.47%	-27.89%	-13.65%	34.06%	44.39%	70.21%	70.31%	-	110.11%
ROIC Less NNEP Spread (ROIC-NNEP)	-21.79%	-11.82%	-11.89%	-28.07%	-14.18%	33.09%	43.51%	69.33%	69.50%	-	108.81%
Return on Net Nonoperating Assets (RNNOA)	15.11%	8.54%	8.41%	19.83%	9.64%	-22.64%	-29.96%	-45.63%	-44.85%	-	-74.30%
Return on Equity (ROE)	-6.85%	-1.86%	-5.06%	-8.06%	-4.01%	11.42%	14.43%	24.58%	25.45%	-	35.81%
Cash Return on Invested Capital (CROIC)	-33.17%	-28.57%	-20.24%	-53.41%	-69.10%	-63.64%	-44.55%	-16.60%	-27.93%	-	16.53%
Operating Return on Assets (OROA)	-5.66%	-0.99%	-1.73%	-6.25%	-2.57%	11.13%	13.69%	22.45%	23.81%	-	33.06%
Return on Assets (ROA)	-6.07%	0.26%	-6.66%	-6.68%	-2.76%	10.86%	13.32%	22.01%	23.51%	-	33.28%
Return on Common Equity (ROCE)	-6.85%	-1.86%	-5.06%	-8.06%	-4.01%	11.42%	14.43%	24.58%	25.45%	-	35.81%
Return on Equity Simple (ROE_SIMPLE)	-8.99%	-6.34%	0.00%	-4.74%	-4.19%	0.83%	0.00%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	-6.21	-4.14	-5.52	-10	-5.88	26	33	60	78	148	157
NOPAT Margin	-14.11%	-7.80%	-9.08%	-16.94%	-8.17%	18.92%	19.33%	26.69%	29.03%	-	35.90%
Net Nonoperating Expense Percent (NNEP)	-0.17%	1.42%	-1.58%	0.18%	0.53%	0.97%	0.88%	0.88%	0.81%	-	1.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.77%	-	-	-	4.13%	4.82%	7.62%	6.05%	7.99%	7.60%
Cost of Revenue to Revenue	40.69%	38.64%	34.25%	37.56%	36.82%	36.35%	32.84%	32.59%	32.45%	-	31.79%
SG&A Expenses to Revenue	30.10%	26.83%	33.17%	35.71%	30.79%	17.39%	18.79%	16.67%	16.54%	-	11.83%
R&D to Revenue	49.36%	45.68%	44.29%	50.92%	44.07%	26.86%	27.99%	23.51%	21.61%	-	20.72%
Operating Expenses to Revenue	79.46%	72.50%	78.72%	86.64%	74.85%	44.25%	47.29%	40.18%	38.15%	-	32.54%
Earnings before Interest and Taxes (EBIT)	-6.17	-1.62	-2.72	-8.92	-3.93	30	38	65	84	159	168
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.48	1.82	0.97	-4.69	1.05	35	45	70	90	166	184
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.97	5.88	5.61	7.56	11.82	18.94	12.02	23.63	25.24	-	16.48
Price to Tangible Book Value (P/TBV)	5.97	5.88	5.61	7.56	11.82	18.94	12.02	23.63	27.05	-	17.52
Price to Revenue (P/Rev)	12.61	19.11	15.71	19.23	27.34	35.75	18.76	30.76	40.77	-	25.47
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	2,288.02	157.04	147.55	153.11	-	72.01
Dividend Yield	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%	0.04%	0.64%	0.68%	0.65%	-	1.39%
Enterprise Value to Invested Capital (EV/IC)	16.93	21.87	20.13	24.50	34.23	47.41	31.02	59.60	66.97	-	52.50
Enterprise Value to Revenue (EV/Rev)	11.16	16.62	13.58	17.40	25.78	34.59	17.77	29.96	39.75	-	24.39
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	348.54	101.07	118.58	131.39	-	63.80
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	779.13	141.48	139.97	146.44	-	68.50
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	219.89	164.39	161.68	-	73.67
Enterprise Value to Operating Cash Flow (EV/OCF)	119.41	163.11	80.05	4,239.12	1,026.10	992.37	119.28	142.17	177.91	-	70.14
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	-	452.49
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
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
Financial Leverage	-0.69	-0.72	-0.71	-0.71	-0.68	-0.68	-0.69	-0.66	-0.65	-	-0.68
Leverage Ratio	1.18	1.14	1.13	1.16	1.14	1.14	1.16	1.16	1.13	-	1.13
Compound Leverage Factor	1.18	1.14	1.13	1.16	1.14	1.14	1.16	1.16	1.13	-	1.13
Debt to Total Capital	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%
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%
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%
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%
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%
Debt to EBITDA	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
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
Debt to NOPAT	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
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
Altman Z-Score	23.04	33.13	30.41	28.22	57.98	70.35	39.96	91.27	121.04	-	89.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.82	12.72	11.88	7.81	10.84	7.67	6.62	7.41	8.86	-	10.15
Quick Ratio	7.34	11.29	10.53	6.78	9.36	6.64	5.51	6.10	7.54	-	8.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-12	-7.43	-5.89	-55	-82	-89	-87	-88	-210	-161	-213
Operating Cash Flow to CapEx	244.89%	-20.31%	130.11%	-123.42%	46.86%	91.66%	1,582.00%	1,920.17%	265.94%	-	3,818.19%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.40	0.33	0.39	0.42	0.47	0.50	0.62	0.77	0.76	-	0.86
Accounts Receivable Turnover	3.92	3.74	3.53	4.36	4.29	3.24	3.94	4.74	4.87	-	6.75
Inventory Turnover	1.63	1.62	2.04	2.26	2.50	2.81	2.65	2.75	2.84	-	2.50
Fixed Asset Turnover	3.87	3.91	4.60	3.79	4.34	5.81	8.14	8.59	10.32	-	16.16
Accounts Payable Turnover	1.94	2.04	2.82	2.00	2.74	2.41	4.42	3.59	5.16	-	5.22
Days Sales Outstanding (DSO)	93.18	97.68	103.28	83.73	85.09	112.49	92.68	76.96	74.95	-	54.06
Days Inventory Outstanding (DIO)	224.31	225.48	178.51	161.68	145.71	130.12	137.51	132.52	128.64	-	145.76
Days Payable Outstanding (DPO)	188.45	179.23	129.64	182.55	133.27	151.52	82.52	101.55	70.71	-	69.92
Cash Conversion Cycle (CCC)	129.04	143.93	152.14	62.86	97.53	91.10	147.67	107.93	132.89	-	129.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	109	125	130	154	185	239	250	302	472	547	620
Invested Capital Turnover	1.56	1.33	1.48	1.65	1.67	1.80	2.30	2.63	2.42	-	3.07
Increase / (Decrease) in Invested Capital	5.47	3.29	0.37	45	76	114	120	147	288	308	370
Enterprise Value (EV)	1,846	2,731	2,621	3,786	6,331	11,331	7,763	17,982	31,644	-	32,566
Market Capitalization	2,087	3,140	3,031	4,184	6,714	11,710	8,195	18,462	32,457	-	34,009
Book Value per Share	$2.33	$3.54	$3.31	$3.35	$3.42	$3.70	$4.01	$4.55	$7.43	$10.24	$11.19
Tangible Book Value per Share	$2.33	$3.54	$3.31	$3.35	$3.42	$3.70	$4.01	$4.55	$6.94	$9.75	$10.53
Total Capital	350	534	540	553	568	618	682	781	1,286	1,849	2,064
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	-241	-409	-410	-399	-383	-379	-431	-480	-814	-1,301	-1,443
Capital Expenditures (CapEx)	2.05	5.10	3.20	5.86	22	4.60	3.66	2.82	23	27	4.77
Debt-free, Cash-free Net Working Capital (DFCFNWC)	51	62	76	74	106	159	174	216	289	320	361
Debt-free Net Working Capital (DFNWC)	291	471	486	473	489	538	606	695	1,103	1,621	1,804
Net Working Capital (NWC)	291	471	486	473	489	538	606	695	1,103	1,621	1,804
Net Nonoperating Expense (NNE)	0.41	-4.57	4.96	-0.58	-1.66	-3.82	-3.72	-3.87	-4.83	-9.34	-12
Net Nonoperating Obligations (NNO)	-241	-409	-410	-399	-383	-379	-431	-480	-814	-1,301	-1,443
Total Depreciation and Amortization (D&A)	3.70	3.44	3.69	4.23	4.99	5.06	7.66	5.46	6.57	6.76	16
Debt-free, Cash-free Net Working Capital to Revenue	30.56%	37.81%	39.20%	34.16%	43.02%	48.61%	39.95%	35.92%	36.36%	-	27.02%
Debt-free Net Working Capital to Revenue	175.89%	286.86%	251.67%	217.35%	198.95%	164.39%	138.70%	115.84%	138.55%	-	135.12%
Net Working Capital to Revenue	175.89%	286.86%	251.67%	217.35%	198.95%	164.39%	138.70%	115.84%	138.55%	-	135.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.04)	$0.00	($0.06)	($0.06)	($0.03)	$0.17	$0.23	$0.37	$0.47	$0.86	$0.95
Adjusted Weighted Average Basic Shares Outstanding	150.23M	157.16M	155.09M	165.14M	166.49M	168.17M	167.51M	171.93M	175.31M	182.22M	178.54M
Adjusted Diluted Earnings per Share	($0.04)	$0.00	($0.06)	($0.06)	($0.03)	$0.16	$0.22	$0.34	$0.44	$0.82	$0.91
Adjusted Weighted Average Diluted Shares Outstanding	150.23M	167.16M	155.09M	165.14M	166.49M	182.46M	181.16M	184.58M	187.66M	192.02M	188.23M
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	150.66M	163.29M	165.19M	166.06M	167.24M	169.80M	171.64M	173.00M	180.63M	184.45M	186.48M
Normalized Net Operating Profit after Tax (NOPAT)	-6.21	-4.14	-5.52	-10	-5.88	26	33	60	78	148	109
Normalized NOPAT Margin	-14.11%	-7.80%	-9.08%	-16.94%	-8.17%	18.92%	19.33%	26.69%	29.03%	-	24.96%
Pre Tax Income Margin	-14.02%	-3.05%	-4.47%	-14.93%	-5.46%	22.30%	22.12%	29.00%	31.22%	-	38.44%
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
NOPAT to Interest Expense	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
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
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%
Augmented Payout Ratio	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) posted a strong finish to fiscal 2026, with Q4 revenue and earnings continuing the sharp upward trend seen over the past year. The company’s results show improving scale, rising profitability, and a very liquid balance sheet, although cash flow was negative in the latest quarter due to heavy investing activity and a large acquisition.

Revenue momentum remains strong. Q4 2026 revenue rose to $437.0 million from $407.0 million in Q3 2026 and $170.0 million in Q4 2025, showing rapid year-over-year growth and solid sequential improvement.
Profitability expanded meaningfully. Q4 2026 net income reached $169.1 million, up from $157.1 million in Q3 2026 and $36.6 million in Q4 2025, reflecting better operating leverage.
Operating margin is trending higher. Q4 2026 operating income was $155.8 million on $437.0 million of revenue, a strong margin profile for a growth-stage semiconductor company.
Gross profit grew faster than costs. Gross profit in Q4 2026 was $298.1 million versus $278.9 million in Q3 2026, suggesting the company is scaling efficiently.
Cash and investments remain substantial. As of Q3 2026, Credo held $1.22 billion in cash and equivalents plus $81 million in short-term investments, giving it significant financial flexibility.
The balance sheet is very conservative. Q3 2026 total liabilities were only $188.5 million versus $1.85 billion of equity, indicating very low leverage and a strong net cash position.
Operating cash flow improved sharply versus last year. Q4 2026 operating cash flow was $182.2 million, compared with $57.8 million in Q4 2025 and a negative $11.8 million in Q4 2024.
Share count is still rising. Diluted weighted average shares increased to 188.2 million in Q4 2026 from 181.2 million in Q4 2025, which can dilute per-share gains over time.
Inventories and receivables remain sizable. Q3 2026 inventories were $208.0 million and accounts receivable were $243.2 million, which is not unusual for hardware businesses but should be monitored.
Investing cash outflows were heavy. Q4 2026 investing activities used $232.5 million of cash, driven by $278.3 million of investment purchases and $30.3 million of acquisitions.
Cash declined in the latest quarter. Net change in cash and equivalents was negative $55.5 million in Q4 2026, after much larger positive cash changes in earlier quarters of fiscal 2026.
Recent growth has been aided by equity issuance in prior quarters. Credo raised significant cash through common equity issuance in Q2 and Q3 2026, which helped build the balance sheet but can be dilutive to shareholders.

Bottom line: Credo Technology appears to be in a strong growth phase, with accelerating revenue, expanding profits, and a fortress-like balance sheet. The main caution for investors is that the company is still investing aggressively, and recent acquisitions plus share dilution could weigh on per-share returns if growth slows.

07/05/26 10:10 AM ETAI Generated. May Contain Errors.

Credo Technology Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Credo Technology Group's financial year ends in May. Their financial year 2026 ended on May 2, 2026.

Credo Technology Group's net income appears to be on an upward trend, with a most recent value of $472.28 million in 2026, rising from $1.33 million in 2020. The previous period was $52.18 million in 2025. See Credo Technology Group's forecast for analyst expectations on what's next for the company.

Credo Technology Group's total operating income in 2026 was $445.01 million, based on the following breakdown:

Total Gross Profit: $908.35 million
Total Operating Expenses: $463.34 million

Over the last 6 years, Credo Technology Group's total revenue changed from $53.84 million in 2020 to $1.34 billion in 2026, a change of 2,380.0%.

Credo Technology Group's total liabilities were at $232.01 million at the end of 2026, a 81.7% increase from 2025, and a 1,690.7% increase since 2021.

In the past 5 years, Credo Technology Group's cash and equivalents has ranged from $66.94 million in 2024 to $1.16 billion in 2026, and is currently $1.16 billion as of their latest financial filing in 2026.

Over the last 6 years, Credo Technology Group's book value per share changed from 0.00 in 2020 to 11.19 in 2026, a change of 1,118.8%.

Related Companies

Financial statements for NASDAQ:CRDO last updated on 6/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Credo Technology Group (CRDO) Financials

Financials Breakdown Chart

Key Financial Trends

Credo Technology Group Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Credo Technology Group (CRDO) Financials

Annual Income Statements for Credo Technology Group

Quarterly Income Statements for Credo Technology Group

Annual Cash Flow Statements for Credo Technology Group

Quarterly Cash Flow Statements for Credo Technology Group

Annual Balance Sheets for Credo Technology Group

Quarterly Balance Sheets for Credo Technology Group

Annual Metrics And Ratios for Credo Technology Group

Quarterly Metrics And Ratios for Credo Technology Group

Financials Breakdown Chart

Key Financial Trends

Credo Technology Group Financials - Frequently Asked Questions

When does Credo Technology Group's fiscal year end?

How has Credo Technology Group's net income changed over the last 6 years?

What is Credo Technology Group's operating income?

How has Credo Technology Group's revenue changed over the last 6 years?

How much debt does Credo Technology Group have?

How much cash does Credo Technology Group have?

How has Credo Technology Group's book value per share changed over the last 6 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools