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

$193.87 +1.31 (+0.68%)

Closing price 04:00 PM Eastern

Extended Trading

$194.35 +0.48 (+0.25%)

As of 06:05 PM Eastern

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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	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	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	8/1/2026
Net Income / (Loss) Attributable to Common Shareholders	0.43	-10	-9.54	-4.23	29	37	63	83	157	169	129
Consolidated Net Income / (Loss)	0.43	-10	-9.54	-4.23	29	37	63	83	157	169	129
Net Income / (Loss) Continuing Operations	0.43	-10	-9.54	-4.23	29	37	63	83	157	169	129
Total Pre-Tax Income	-1.62	-2.72	-8.92	-3.93	30	38	65	84	159	168	129
Total Operating Income	-5.91	-7.88	-14	-8.41	26	34	61	79	150	156	121
Total Gross Profit	33	40	37	46	86	114	150	181	279	298	309
Total Revenue	53	61	60	72	135	170	223	268	407	437	479
Operating Revenue	53	61	60	72	135	170	223	268	407	437	479
Total Cost of Revenue	21	21	22	27	49	56	73	87	128	139	170
Operating Cost of Revenue	21	21	22	27	49	56	73	87	128	139	170
Total Operating Expenses	38	48	52	54	60	80	90	102	129	142	188
Selling, General & Admin Expense	14	20	21	22	23	32	37	44	51	52	74
Research & Development Expense	24	27	30	32	36	48	52	58	78	91	115
Total Other Income / (Expense), net	4.29	5.16	5.53	4.47	3.92	3.82	3.95	4.89	9.46	12	8.14
Other Income / (Expense), net	4.29	5.16	5.53	4.47	3.92	3.82	3.95	4.89	9.46	12	8.14
Income Tax Expense	-2.05	7.76	0.62	0.29	0.75	1.02	1.29	1.05	1.94	-1.12	-0.59
Basic Earnings per Share	$0.00	($0.06)	($0.06)	($0.03)	$0.17	$0.23	$0.37	$0.47	$0.86	$0.95	$0.70
Weighted Average Basic Shares Outstanding	157.16M	155.09M	165.14M	166.49M	168.17M	167.51M	171.93M	175.31M	182.22M	178.54M	186.01M
Diluted Earnings per Share	$0.00	($0.06)	($0.06)	($0.03)	$0.16	$0.22	$0.34	$0.44	$0.82	$0.91	$0.67
Weighted Average Diluted Shares Outstanding	167.16M	155.09M	165.14M	166.49M	182.46M	181.16M	184.58M	187.66M	192.02M	188.23M	194.38M
Weighted Average Basic & Diluted Shares Outstanding	163.29M	165.19M	166.06M	167.24M	169.80M	171.64M	173.00M	180.63M	184.45M	186.48M	187.95M

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	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	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	8/1/2026
Net Change in Cash & Equivalents	-33	-29	37	135	60	-63	-17	348	653	-56	-698
Net Cash From Operating Activities	-1.04	4.16	-7.24	10	4.21	58	54	62	166	182	90
Net Cash From Continuing Operating Activities	-1.04	4.16	-7.24	10	4.21	58	54	62	166	182	90
Net Income / (Loss) Continuing Operations	0.43	-10	-9.54	-4.23	29	37	63	83	157	169	129
Consolidated Net Income / (Loss)	0.43	-10	-9.54	-4.23	29	37	63	83	157	169	129
Depreciation Expense	3.44	3.69	4.23	4.99	5.06	7.66	5.46	6.57	6.76	16	8.61
Amortization Expense	-	-	-	-	-	-	0.00	-	-	-	12
Non-Cash Adjustments To Reconcile Net Income	3.46	17	20	26	32	24	37	51	56	54	92
Changes in Operating Assets and Liabilities, net	-8.36	-6.53	-21	-17	-62	-11	-52	-79	-54	-58	-151
Net Cash From Investing Activities	-207	-33	42	129	59	-119	-68	-92	138	-232	-762
Net Cash From Continuing Investing Activities	-207	-33	42	129	59	-119	-68	-92	138	-232	-762
Purchase of Property, Plant & Equipment	-5.10	-3.20	-5.86	-22	-4.60	-3.66	-2.82	-23	-27	-4.77	-7.28
Acquisitions	-	-	-	-	-	-	0.00	-	-	-30	-736
Purchase of Investments	-262	-30	-114	-	-	-145	-115	-	-	-278	-19
Sale and/or Maturity of Investments	61	-	162	151	64	30	50	14	165	81	0.00
Net Cash From Financing Activities	175	0.01	1.60	-4.03	-3.33	-1.97	-2.97	378	348	-5.33	-27
Net Cash From Continuing Financing Activities	175	0.01	1.60	-4.03	-3.33	-1.97	-2.97	378	348	-5.33	-27
Issuance of Common Equity	176	-4.89	3.51	0.87	2.41	-6.80	4.65	385	353	0.48	4.45
Other Financing Activities, net	-0.99	4.90	-1.91	-4.90	-5.75	4.83	-7.62	-7.26	-5.10	-5.81	-31
Effect of Exchange Rate Changes	0.15	-0.10	0.11	0.03	-0.03	-0.07	-0.07	0.12	0.15	0.03	0.30

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
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	5.75
Other Noncurrent Operating Liabilities	0.42	15	19	17	20	29
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	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026	Q1 2027
Period end date	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	8/1/2026
Total Assets	417	396	406	592	645	639	720	905	1,449	2,037	3,013
Total Current Assets	350	321	328	511	542	538	619	804	1,243	1,787	1,466
Cash & Equivalents	124	127	129	96	104	239	299	220	568	1,220	467
Short-Term Investments	109	111	112	313	295	144	80	260	246	81	297
Accounts Receivable	43	28	33	45	72	82	157	181	245	243	289
Inventories, net	50	41	36	32	32	36	53	117	150	208	313
Other Current Assets	19	8.05	12	18	24	20	14	26	34	34	100
Plant, Property, & Equipment, net	39	44	45	45	70	68	68	69	86	106	114
Total Noncurrent Assets	28	31	33	36	32	32	33	32	120	145	1,432
Goodwill	-	-	-	-	-	-	-	-	69	71	986
Intangible Assets	-	-	-	-	-	-	-	-	17	18	379
Other Noncurrent Operating Assets	28	31	33	36	32	32	33	32	34	56	67
Total Liabilities & Shareholders' Equity	417	396	406	592	645	639	720	905	1,449	2,037	3,013
Total Liabilities	63	48	56	58	92	71	102	124	163	188	284
Total Current Liabilities	43	31	37	40	69	50	81	108	140	165	198
Accounts Payable	36	23	28	29	59	38	70	55	64	94	102
Current Employee Benefit Liabilities	3.37	4.93	4.90	6.91	7.81	9.18	9.24	13	19	14	21
Other Current Liabilities	-	-	-	-	-	-	-	40	57	57	76
Total Noncurrent Liabilities	19	17	19	18	22	21	21	15	23	23	86
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	54
Other Noncurrent Operating Liabilities	19	17	19	18	22	21	21	15	23	23	32
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	355	347	350	534	553	568	618	781	1,286	1,849	2,728
Total Preferred & Common Equity	355	347	350	534	553	568	618	781	1,286	1,849	2,728
Total Common Equity	355	347	350	534	553	568	618	781	1,286	1,849	2,728
Common Stock	446	466	475	659	698	717	738	802	1,224	1,627	2,210
Retained Earnings	-91	-119	-125	-125	-145	-149	-120	-20	63	220	519
Accumulated Other Comprehensive Income / (Loss)	-0.07	-0.35	-0.58	-0.34	-0.38	-0.31	-0.40	-0.43	-0.63	2.08	-0.14

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	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	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	8/1/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	180,631,719.00	184,449,940.00	186,477,898.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	180,631,719.00	184,449,940.00	186,477,898.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.87	0.92	0.69
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.23%	89.42%	70.15%	63.58%	154.44%	179.73%	273.57%	272.08%	-	157.02%	114.73%
EBITDA Growth	-5.22%	108.27%	49.54%	142.51%	1,835.88%	4,576.24%	1,597.29%	8,479.09%	-	306.12%	112.47%
EBIT Growth	-355.06%	81.50%	27.10%	36.29%	1,958.77%	1,483.70%	825.36%	2,227.77%	-	346.65%	99.17%
NOPAT Growth	-104.82%	51.92%	-0.42%	5.27%	717.25%	695.84%	688.51%	1,422.17%	-	377.28%	103.67%
Net Income Growth	-84.84%	34.26%	18.44%	36.21%	6,759.81%	449.22%	764.56%	2,055.88%	-	362.18%	104.14%
EPS Growth	-100.00%	45.45%	25.00%	25.00%	0.00%	466.67%	666.67%	1,566.67%	-	313.64%	97.06%
Operating Cash Flow Growth	55.23%	135.11%	-129.41%	105.37%	506.56%	1,290.96%	848.59%	499.56%	-	215.18%	66.58%
Free Cash Flow Firm Growth	87.28%	91.14%	-150.83%	-599.98%	-1,093.28%	-1,380.68%	-60.27%	-156.39%	-	-144.55%	-1,657.06%
Invested Capital Growth	2.71%	0.29%	40.61%	69.63%	91.47%	92.21%	95.32%	155.47%	-	147.89%	550.98%
Revenue Q/Q Growth	20.49%	14.56%	-1.76%	20.63%	87.41%	25.94%	31.20%	20.15%	-	7.37%	9.61%
EBITDA Q/Q Growth	173.41%	-46.73%	-583.99%	122.45%	3,243.63%	28.69%	54.97%	28.66%	-	10.85%	-18.92%
EBIT Q/Q Growth	73.76%	-67.78%	-228.11%	55.90%	865.62%	24.90%	72.00%	29.37%	-	5.59%	-23.30%
NOPAT Q/Q Growth	33.40%	-33.33%	-83.37%	41.82%	533.99%	28.70%	81.11%	30.70%	-	6.15%	-22.72%
Net Income Q/Q Growth	106.46%	-2,547.90%	8.94%	55.71%	794.91%	24.62%	73.28%	30.34%	-	7.61%	-23.46%
EPS Q/Q Growth	100.00%	0.00%	0.00%	50.00%	633.33%	37.50%	54.55%	29.41%	-	10.98%	-26.37%
Operating Cash Flow Q/Q Growth	-120.69%	501.25%	-274.07%	242.14%	-59.05%	1,272.79%	-6.32%	13.84%	-	9.64%	-50.49%
Free Cash Flow Firm Q/Q Growth	36.43%	20.74%	-829.61%	-49.46%	-8.36%	1.65%	-0.62%	-139.10%	-	-32.75%	-622.92%
Invested Capital Q/Q Growth	14.49%	4.30%	18.66%	19.72%	29.23%	4.70%	20.58%	56.59%	-	13.32%	216.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.36%	65.75%	62.44%	63.18%	63.65%	67.16%	67.41%	67.55%	-	68.21%	64.53%
EBITDA Margin	3.42%	1.59%	-7.85%	1.46%	26.06%	26.62%	31.45%	33.67%	-	42.07%	31.12%
Operating Margin	-11.14%	-12.97%	-24.20%	-11.67%	19.40%	19.87%	27.23%	29.40%	-	35.66%	25.20%
EBIT Margin	-3.05%	-4.47%	-14.93%	-5.46%	22.30%	22.12%	29.00%	31.22%	-	38.44%	26.90%
Profit (Net Income) Margin	0.81%	-17.24%	-15.98%	-5.87%	21.75%	21.52%	28.42%	30.83%	-	38.70%	27.02%
Tax Burden Percent	-26.42%	385.47%	106.97%	107.42%	97.50%	97.29%	98.01%	98.75%	-	100.67%	100.45%
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%	2.50%	2.71%	1.99%	1.25%	-	-0.67%	-0.45%
Return on Invested Capital (ROIC)	-10.40%	-13.47%	-27.89%	-13.65%	34.06%	44.39%	70.21%	70.31%	-	110.11%	35.55%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.82%	-11.89%	-28.07%	-14.18%	33.09%	43.51%	69.33%	69.50%	-	108.81%	34.23%
Return on Net Nonoperating Assets (RNNOA)	8.54%	8.41%	19.83%	9.64%	-22.64%	-29.96%	-45.63%	-44.85%	-	-74.30%	-12.13%
Return on Equity (ROE)	-1.86%	-5.06%	-8.06%	-4.01%	11.42%	14.43%	24.58%	25.45%	-	35.81%	23.41%
Cash Return on Invested Capital (CROIC)	-28.57%	-20.24%	-53.41%	-69.10%	-63.64%	-44.55%	-16.60%	-27.93%	-	16.53%	-102.27%
Operating Return on Assets (OROA)	-0.99%	-1.73%	-6.25%	-2.57%	11.13%	13.69%	22.45%	23.81%	-	33.06%	21.85%
Return on Assets (ROA)	0.26%	-6.66%	-6.68%	-2.76%	10.86%	13.32%	22.01%	23.51%	-	33.28%	21.95%
Return on Common Equity (ROCE)	-1.86%	-5.06%	-8.06%	-4.01%	11.42%	14.43%	24.58%	25.45%	-	35.81%	23.41%
Return on Equity Simple (ROE_SIMPLE)	-6.34%	0.00%	-4.74%	-4.19%	0.83%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.14	-5.52	-10	-5.88	26	33	60	78	148	157	121
NOPAT Margin	-7.80%	-9.08%	-16.94%	-8.17%	18.92%	19.33%	26.69%	29.03%	-	35.90%	25.31%
Net Nonoperating Expense Percent (NNEP)	1.42%	-1.58%	0.18%	0.53%	0.97%	0.88%	0.88%	0.81%	-	1.30%	1.31%
Return On Investment Capital (ROIC_SIMPLE)	-0.77%	-	-	-	4.13%	4.82%	7.62%	6.05%	7.99%	7.60%	4.44%
Cost of Revenue to Revenue	38.64%	34.25%	37.56%	36.82%	36.35%	32.84%	32.59%	32.45%	-	31.79%	35.47%
SG&A Expenses to Revenue	26.83%	33.17%	35.71%	30.79%	17.39%	18.79%	16.67%	16.54%	-	11.83%	15.42%
R&D to Revenue	45.68%	44.29%	50.92%	44.07%	26.86%	27.99%	23.51%	21.61%	-	20.72%	23.91%
Operating Expenses to Revenue	72.50%	78.72%	86.64%	74.85%	44.25%	47.29%	40.18%	38.15%	-	32.54%	39.33%
Earnings before Interest and Taxes (EBIT)	-1.62	-2.72	-8.92	-3.93	30	38	65	84	159	168	129
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.82	0.97	-4.69	1.05	35	45	70	90	166	184	149
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.88	5.61	7.56	11.82	18.94	12.02	23.63	25.24	-	16.48	14.15
Price to Tangible Book Value (P/TBV)	5.88	5.61	7.56	11.82	18.94	12.02	23.63	27.05	-	17.52	28.31
Price to Revenue (P/Rev)	19.11	15.71	19.23	27.34	35.75	18.76	30.76	40.77	-	25.47	24.26
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	2,288.02	157.04	147.55	153.11	-	72.01	71.70
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%	0.04%	0.64%	0.68%	0.65%	-	1.39%	1.39%
Enterprise Value to Invested Capital (EV/IC)	21.87	20.13	24.50	34.23	47.41	31.02	59.60	66.97	-	52.50	19.26
Enterprise Value to Revenue (EV/Rev)	16.62	13.58	17.40	25.78	34.59	17.77	29.96	39.75	-	24.39	23.78
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	348.54	101.07	118.58	131.39	-	63.80	64.20
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	779.13	141.48	139.97	146.44	-	68.50	70.12
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	219.89	164.39	161.68	-	73.67	75.10
Enterprise Value to Operating Cash Flow (EV/OCF)	163.11	80.05	4,239.12	1,026.10	992.37	119.28	142.17	177.91	-	70.14	75.62
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	452.49	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
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	-0.72	-0.71	-0.71	-0.68	-0.68	-0.69	-0.66	-0.65	-	-0.68	-0.35
Leverage Ratio	1.14	1.13	1.16	1.14	1.14	1.16	1.16	1.13	-	1.13	1.12
Compound Leverage Factor	1.14	1.13	1.16	1.14	1.14	1.16	1.16	1.13	-	1.13	1.12
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	33.13	30.41	28.22	57.98	70.35	39.96	91.27	121.04	-	89.95	82.89
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	12.72	11.88	7.81	10.84	7.67	6.62	7.41	8.86	-	10.15	7.40
Quick Ratio	11.29	10.53	6.78	9.36	6.64	5.51	6.10	7.54	-	8.51	5.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-7.43	-5.89	-55	-82	-89	-87	-88	-210	-161	-213	-1,541
Operating Cash Flow to CapEx	-20.31%	130.11%	-123.42%	46.86%	91.66%	1,582.00%	1,920.17%	265.94%	-	3,818.19%	1,239.10%
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	0.33	0.39	0.42	0.47	0.50	0.62	0.77	0.76	-	0.86	0.81
Accounts Receivable Turnover	3.74	3.53	4.36	4.29	3.24	3.94	4.74	4.87	-	6.75	6.77
Inventory Turnover	1.62	2.04	2.26	2.50	2.81	2.65	2.75	2.84	-	2.50	2.44
Fixed Asset Turnover	3.91	4.60	3.79	4.34	5.81	8.14	8.59	10.32	-	16.16	17.30
Accounts Payable Turnover	2.04	2.82	2.00	2.74	2.41	4.42	3.59	5.16	-	5.22	6.69
Days Sales Outstanding (DSO)	97.68	103.28	83.73	85.09	112.49	92.68	76.96	74.95	-	54.06	53.91
Days Inventory Outstanding (DIO)	225.48	178.51	161.68	145.71	130.12	137.51	132.52	128.64	-	145.76	149.67
Days Payable Outstanding (DPO)	179.23	129.64	182.55	133.27	151.52	82.52	101.55	70.71	-	69.92	54.58
Cash Conversion Cycle (CCC)	143.93	152.14	62.86	97.53	91.10	147.67	107.93	132.89	-	129.91	149.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	125	130	154	185	239	250	302	472	547	620	1,964
Invested Capital Turnover	1.33	1.48	1.65	1.67	1.80	2.30	2.63	2.42	-	3.07	1.40
Increase / (Decrease) in Invested Capital	3.29	0.37	45	76	114	120	147	288	308	370	1,662
Enterprise Value (EV)	2,731	2,621	3,786	6,331	11,331	7,763	17,982	31,644	-	32,566	37,835
Market Capitalization	3,140	3,031	4,184	6,714	11,710	8,195	18,462	32,457	-	34,009	38,599
Book Value per Share	$3.54	$3.31	$3.35	$3.42	$3.70	$4.01	$4.55	$7.43	$10.24	$11.19	$14.63
Tangible Book Value per Share	$3.54	$3.31	$3.35	$3.42	$3.70	$4.01	$4.55	$6.94	$9.75	$10.53	$7.31
Total Capital	534	540	553	568	618	682	781	1,286	1,849	2,064	2,728
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	-409	-410	-399	-383	-379	-431	-480	-814	-1,301	-1,443	-764
Capital Expenditures (CapEx)	5.10	3.20	5.86	22	4.60	3.66	2.82	23	27	4.77	7.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	62	76	74	106	159	174	216	289	320	361	504
Debt-free Net Working Capital (DFNWC)	471	486	473	489	538	606	695	1,103	1,621	1,804	1,268
Net Working Capital (NWC)	471	486	473	489	538	606	695	1,103	1,621	1,804	1,268
Net Nonoperating Expense (NNE)	-4.57	4.96	-0.58	-1.66	-3.82	-3.72	-3.87	-4.83	-9.34	-12	-8.18
Net Nonoperating Obligations (NNO)	-409	-410	-399	-383	-379	-431	-480	-814	-1,301	-1,443	-764
Total Depreciation and Amortization (D&A)	3.44	3.69	4.23	4.99	5.06	7.66	5.46	6.57	6.76	16	20
Debt-free, Cash-free Net Working Capital to Revenue	37.81%	39.20%	34.16%	43.02%	48.61%	39.95%	35.92%	36.36%	-	27.02%	31.67%
Debt-free Net Working Capital to Revenue	286.86%	251.67%	217.35%	198.95%	164.39%	138.70%	115.84%	138.55%	-	135.12%	79.70%
Net Working Capital to Revenue	286.86%	251.67%	217.35%	198.95%	164.39%	138.70%	115.84%	138.55%	-	135.12%	79.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.06)	($0.06)	($0.03)	$0.17	$0.23	$0.37	$0.47	$0.86	$0.95	$0.70
Adjusted Weighted Average Basic Shares Outstanding	157.16M	155.09M	165.14M	166.49M	168.17M	167.51M	171.93M	175.31M	182.22M	178.54M	186.01M
Adjusted Diluted Earnings per Share	$0.00	($0.06)	($0.06)	($0.03)	$0.16	$0.22	$0.34	$0.44	$0.82	$0.91	$0.67
Adjusted Weighted Average Diluted Shares Outstanding	167.16M	155.09M	165.14M	166.49M	182.46M	181.16M	184.58M	187.66M	192.02M	188.23M	194.38M
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	163.29M	165.19M	166.06M	167.24M	169.80M	171.64M	173.00M	180.63M	184.45M	186.48M	187.95M
Normalized Net Operating Profit after Tax (NOPAT)	-4.14	-5.52	-10	-5.88	26	33	60	78	148	109	84
Normalized NOPAT Margin	-7.80%	-9.08%	-16.94%	-8.17%	18.92%	19.33%	26.69%	29.03%	-	24.96%	17.64%
Pre Tax Income Margin	-3.05%	-4.47%	-14.93%	-5.46%	22.30%	22.12%	29.00%	31.22%	-	38.44%	26.90%
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’s financial profile has improved substantially over the past several years. Quarterly revenue increased from $31.8 million in Q3 fiscal 2022 to $479.0 million in Q1 fiscal 2027. The company also progressed from recurring operating and net losses to sustained profitability, with Q1 fiscal 2027 net income of $129.4 million and diluted EPS of $0.67.

Recent growth has been particularly strong. Q1 fiscal 2027 revenue rose 9.6% from Q4 fiscal 2026 and 114.8% from Q1 fiscal 2026. Gross profit reached $309.1 million, although the gross margin declined to approximately 64.5% from 68.2% in the prior quarter. Operating cash flow remained positive at $90.2 million, but the quarter included unusually large acquisition spending and working-capital investment.

Rapid revenue expansion: Revenue grew from $35.1 million in Q1 fiscal 2024 to $479.0 million in Q1 fiscal 2027, demonstrating significant commercial momentum.
Profitability has improved: The company moved from a $14.4 million operating loss in Q1 fiscal 2024 to $120.7 million of operating income in Q1 fiscal 2027. Net income has been positive for the last several reported quarters.
Strong year-over-year earnings growth: Q1 fiscal 2027 net income of $129.4 million was more than double the $63.4 million reported in Q1 fiscal 2026, while diluted EPS increased from $0.34 to $0.67.
Positive operating cash flow: Operating cash flow improved from $54.2 million in Q1 fiscal 2026 to $90.2 million in Q1 fiscal 2027. Credo has generated positive operating cash flow in each of the latest several quarters.
Strong balance-sheet liquidity: Credo held $466.9 million in cash and $297.4 million in short-term investments at the end of Q1 fiscal 2027, providing approximately $764.3 million of readily available liquidity.
Limited financial leverage: Total liabilities were $284.2 million compared with $2.73 billion of equity. The data shows no significant debt balance, reducing near-term solvency and interest-rate risk.
Investment in future growth: Property, plant and equipment increased from $69.4 million in Q1 fiscal 2025 to $114.5 million in Q1 fiscal 2027, while research and development spending increased to $114.5 million in the latest quarter.
Acquisition materially changed the balance sheet: Credo spent $735.6 million on acquisitions in Q1 fiscal 2027. Goodwill and intangible assets rose to $986.4 million and $378.8 million, respectively, so future returns will depend on whether the acquired operations deliver expected growth and synergies.
Quarterly cash declined sharply: Net cash fell by $698.1 million in Q1 fiscal 2027, primarily because of the acquisition, compared with a $55.5 million decline in Q4 fiscal 2026. This substantially reduced cash and investments from approximately $1.30 billion at the end of Q3 fiscal 2026.
Working capital and margin pressure require monitoring: Changes in operating assets and liabilities consumed $151.3 million of cash in Q1 fiscal 2027, while inventory increased to $313.1 million. At the same time, gross margin narrowed and operating expenses rose to $188.4 million, which caused operating income to decline sequentially despite higher revenue.

Overall, the statements show a company transitioning from an early-stage loss profile into a rapidly growing, cash-generating business. The main investor risks are execution of the large acquisition, conversion of earnings into cash, rising working-capital requirements, margin volatility and potential dilution, as weighted-average basic shares increased from 149.3 million in Q1 fiscal 2024 to 186.0 million in Q1 fiscal 2027.

09/23/26 05:24 PM 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 fiscal year ends in May. Their fiscal 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 where experts think Credo Technology Group is headed by visiting Credo Technology Group's forecast page.

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%.

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Financial statements for NASDAQ:CRDO last updated on 9/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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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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Quarterly Metrics And Ratios for Credo Technology Group

Financials Breakdown Chart

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Credo Technology Group Financials - Frequently Asked Questions

When does Credo Technology Group's financial year end?

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

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

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