Credo Technology Group Holding Ltd (CRDO) financial statements: income statement, balance sheet and cash flow
Credo Technology Group Holding Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (May 2, 2026 · FY), Credo Technology Group Holding Ltd reported revenue of $1.3B (+205.7% year on year) and net income of $472.3M (+805.0% year on year).
Income statement
Credo Technology Group Holding Ltd income statement, fiscal years
Line item
May 2, 2026 · FY
May 3, 2025 · FY
Apr 27, 2024 · FY
Apr 29, 2023 · FY
Revenue
$1.3B
$436.8M
$193.0M
$184.2M
Cost of revenue
$426.8M
$153.9M
$73.5M
$78.0M
Gross profit
$908.3M
$282.9M
$119.4M
$106.2M
Research and development
$279.4M
$146.0M
$95.5M
$76.8M
Selling, general and administrative
$184.0M
$98.9M
$60.2M
$48.2M
Total operating expenses
$463.3M
$245.8M
$156.5M
$127.4M
Operating income (loss)
$445.0M
$37.1M
($37.1M)
($21.2M)
Other income, net
$30.4M
$17.7M
$14.3M
$3.3M
Income (loss) before income taxes
$475.4M
$54.9M
($22.7M)
($17.9M)
Provision for income taxes
$3.2M
$2.7M
$5.6M
($1.4M)
Net income (loss)
$472.3M
$52.2M
($28.4M)
($16.5M)
Basic (in US dollars per share)
$2.65
$0.31
-$0.18
-$0.11
Diluted (in US dollars per share)
$2.51
$0.29
-$0.18
-$0.11
Basic (in shares)
178.5M
167.5M
155.1M
146.6M
Diluted (in shares)
188.2M
181.2M
155.1M
146.6M
Credo Technology Group Holding Ltd income statement, quarters
Line item
Aug 1, 2026 · Q4
Jan 31, 2026 · Q3
Nov 1, 2025 · Q2
Aug 2, 2025 · Q1
Revenue
$479.0M
$407.0M
$268.0M
$223.1M
Cost of revenue
$169.9M
$128.1M
$87.0M
$72.7M
Gross profit
$309.1M
$278.9M
$181.0M
$150.4M
Research and development
$114.5M
$78.5M
$57.9M
$52.4M
Selling, general and administrative
$73.9M
$50.8M
$44.3M
$37.2M
Total operating expenses
$188.4M
$129.2M
$102.3M
$89.6M
Operating income
$120.7M
$149.6M
$78.8M
$60.7M
Other income, net
$8.1M
$9.5M
$4.9M
$3.9M
Income before income taxes
$128.8M
$159.1M
$83.7M
$64.7M
Provision (benefit) for income taxes
($585.0K)
$1.9M
$1.0M
$1.3M
Net income
$129.4M
$157.1M
$82.6M
$63.4M
Basic (in US dollars per share)
$0.70
$0.86
$0.47
$0.37
Diluted (in US dollars per share)
$0.67
$0.82
$0.44
$0.34
Basic (in shares)
186.0M
182.2M
175.3M
171.9M
Diluted (in shares)
194.4M
192.0M
187.7M
184.6M
Balance sheet
Credo Technology Group Holding Ltd balance sheet, fiscal years
Line item
May 2, 2026 · FY
May 3, 2025 · FY
Apr 27, 2024 · FY
Apr 29, 2023 · FY
Cash and cash equivalents
$1.2B
$236.3M
$66.9M
$108.6M
Short-term investments
$278.3M
$195.0M
$343.1M
$109.2M
Accounts receivable
$233.4M
$162.1M
$59.7M
$49.5M
Inventories
$250.8M
$90.0M
$25.9M
$46.0M
Other current assets
$73.6M
$30.0M
—
—
Total current assets
$2.0B
$713.5M
$530.3M
$328.2M
Property and equipment, net
$101.6M
$63.6M
$43.7M
$40.2M
Right of use assets
$24.6M
$15.2M
$13.1M
$14.9M
Goodwill
$92.8M
—
—
—
Intangible assets, net
$29.3M
—
—
—
Other non-current assets
$46.2M
$16.9M
$14.9M
$14.0M
Total assets
$2.3B
$809.3M
$601.9M
$397.3M
Accounts payable
$107.3M
$56.2M
$13.4M
$6.1M
Accrued compensation and benefits
$21.6M
$16.1M
$9.0M
$6.5M
Other current liabilities
$68.1M
$35.5M
—
—
Total current liabilities
$197.1M
$107.7M
$44.6M
$31.0M
Non-current operating lease liabilities
$20.6M
$12.7M
$11.1M
$12.9M
Other non-current liabilities
$14.3M
$7.3M
$6.0M
$5.8M
Total liabilities
$232.0M
$127.7M
$61.7M
$49.7M
Ordinary shares, $0.00005 par value; 1,000,000 shares authorized; 185,419 and 171,169 shares issued and outstanding at May 2, 2026 and May 3, 2025, respectively
9.0K
8.0K
8.0K
7.0K
Additional paid in capital
$1.7B
$765.2M
$676.1M
$454.8M
Accumulated other comprehensive income (loss)
$2.4M
($437.0K)
($519.0K)
($191.0K)
Retained earnings (accumulated deficit)
$389.1M
($83.2M)
($135.3M)
($107.0M)
Total shareholders' equity
$2.1B
$681.6M
$540.2M
$347.6M
Total liabilities and shareholders' equity
$2.3B
$809.3M
$601.9M
$397.3M
Credo Technology Group Holding Ltd balance sheet, quarters
Line item
Aug 1, 2026
Jan 31, 2026
Nov 1, 2025
Aug 2, 2025
Cash and cash equivalents
$466.9M
$1.2B
$567.6M
$219.6M
Short-term investments
$297.4M
$81.0M
$246.0M
$260.0M
Accounts receivable
$288.8M
$243.2M
$245.2M
$181.2M
Inventories
$313.1M
$208.0M
$150.2M
$116.7M
Other current assets
$100.2M
$34.0M
$34.5M
$26.1M
Total current assets
$1.5B
$1.8B
$1.2B
$803.6M
Property and equipment, net
$114.5M
$106.0M
$86.0M
$69.4M
Right-of-use assets
$25.1M
$15.5M
$15.7M
$14.8M
Goodwill
$986.4M
$70.9M
$68.9M
—
Intangible assets, net
$378.8M
$17.6M
$17.1M
—
Other non-current assets
$41.6M
$40.8M
$18.2M
$17.3M
Total assets
$3.0B
$2.0B
$1.4B
$905.2M
Accounts payable
$101.8M
$93.8M
$64.1M
$54.9M
Accrued compensation and benefits
$20.7M
$14.4M
$19.3M
$13.2M
Other current liabilities
$75.6M
$57.0M
$56.9M
$40.3M
Total current liabilities
$198.2M
$165.2M
$140.4M
$108.4M
Non-current operating lease liabilities
$20.7M
$12.6M
$12.8M
$12.3M
Deferred tax liabilities
$53.7M
—
—
—
Other non-current liabilities
$11.7M
$10.6M
$10.0M
$3.1M
Total liabilities
$284.2M
$188.5M
$163.2M
$123.8M
Ordinary shares, $0.00005 par value; 1,000,000 shares authorized; 187,768 and 185,419 shares issued and outstanding at August 1, 2026 and May 2, 2026, respectively
9.0K
9.0K
9.0K
9.0K
Additional paid in capital
$2.2B
$1.6B
$1.2B
$801.6M
Accumulated other comprehensive income (loss)
($138.0K)
$2.1M
($632.0K)
($428.0K)
Retained earnings
$518.5M
$220.0M
$62.9M
($19.8M)
Total shareholders' equity
$2.7B
$1.8B
$1.3B
$781.4M
Total liabilities and shareholders' equity
$3.0B
$2.0B
$1.4B
$905.2M
Cash flow statement
Credo Technology Group Holding Ltd cash flow statement, fiscal years
Line item
May 2, 2026 · FY
May 3, 2025 · FY
Apr 27, 2024 · FY
Apr 29, 2023 · FY
Net income (loss)
$472.3M
$52.2M
($28.4M)
($16.5M)
Depreciation and amortization
$34.6M
$21.9M
$13.8M
$9.5M
Amortization of acquired intangible assets
$400.0K
—
—
—
Share-based compensation
$182.6M
$77.4M
$39.0M
$23.5M
Warrant contra revenue
$0
$13.2M
$3.9M
$1.2M
Write-downs for excess and obsolete inventory
$15.1M
$8.0M
$4.4M
$5.7M
Impairment of assets
$1.5M
$873.0K
$765.0K
$2.4M
Accounts receivable
($70.8M)
($102.5M)
($10.1M)
($20.0M)
Inventories
($174.0M)
($70.5M)
$15.8M
($24.4M)
Other current assets
($44.8M)
$4.6M
—
—
Other non-current assets
($26.5M)
$2.1M
($654.0K)
($8.0M)
Accounts payable
$48.8M
$41.9M
$8.8M
($3.8M)
Accrued compensation and benefits, other current liabilities and other non-current liabilities
$25.1M
—
—
—
Net cash provided by operating activities
$464.3M
$65.1M
$32.7M
($24.6M)
Purchases of property and equipment
($57.3M)
($36.1M)
($15.7M)
($21.7M)
Purchases of short-term investments
($393.3M)
($258.7M)
($403.6M)
($159.2M)
Maturities of short-term investments
$310.0M
$406.8M
$169.8M
$50.0M
Business acquisitions, net of cash acquired
($112.9M)
—
—
—
Net cash provided by (used in) investing activities
($253.5M)
$112.0M
($249.5M)
($130.9M)
Proceeds from issuance of ordinary shares in connection with public offerings, net of offering costs
736.3M
0
173.4M
0
Payments on technology license obligations
($6.6M)
($6.3M)
($3.1M)
($616.0K)
Proceeds from equity incentive plans
7.1M
—
—
—
Tax withheld related to RSU settlement
($19.2M)
($9.3M)
($2.2M)
—
Net cash provided by (used in) financing activities
$717.6M
($7.7M)
$175.3M
$4.9M
Effect of exchange rate changes on cash
$231.0K
$41.0K
($169.0K)
($68.0K)
Net increase (decrease) in cash and cash equivalents
$928.6M
$169.4M
($41.6M)
($150.7M)
Cash and cash equivalents at beginning of the year
$236.3M
$66.9M
$108.6M
$259.3M
Cash and cash equivalents at end of the year
$1.2B
$236.3M
$66.9M
$108.6M
Income taxes paid
$2.5M
$1.4M
($1.1M)
($1.2M)
Purchases of property and equipment included in accounts payable, other current liabilities and other non-current liabilities
$16.1M
$8.9M
$8.3M
$10.9M
Credo Technology Group Holding Ltd cash flow statement, quarters
Line item
Aug 1, 2026 · Q4
Jan 31, 2026 · YTD
Nov 1, 2025 · YTD
Aug 2, 2025 · Q1
Net income
$129.4M
$303.2M
$146.0M
$63.4M
Depreciation and amortization
$8.6M
$18.8M
$12.0M
$5.5M
Share-based compensation
$88.0M
$132.9M
$80.8M
$35.5M
Amortization of acquired intangible assets
$11.6M
—
—
—
Write-downs for excess and obsolete inventory
$3.9M
$11.8M
$8.1M
$2.0M
Accounts receivable
($54.5M)
($81.1M)
($83.1M)
($19.1M)
Inventories
($61.5M)
($127.9M)
($66.4M)
($27.5M)
Other current assets
($25.3M)
($3.7M)
($1.9M)
$3.9M
Other non-current assets
$6.5M
($20.8M)
$1.7M
$495.0K
Accounts payable
($12.6M)
$36.3M
$5.6M
($9.0M)
Accrued compensation and benefits, other current liabilities, deferred tax liabilities and other non-current liabilities
($3.9M)
—
—
—
Net cash provided by operating activities
$90.2M
$282.1M
$115.8M
$54.2M
Purchases of property and equipment
($7.3M)
($52.5M)
($26.0M)
($2.8M)
Maturities of short-term investments
$0
$229.0M
$64.0M
$50.0M
Purchases of short-term investments
($19.1M)
($115.0M)
($115.0M)
($115.0M)
Business acquisition, net of cash acquired
($735.6M)
($82.6M)
($82.6M)
—
Net cash used in investing activities
($762.0M)
($21.1M)
($159.6M)
($67.8M)
Payments on technology license obligations
($5.2M)
($5.7M)
($4.8M)
($3.9M)
Proceeds from employee share incentive plans
4.5M
6.6M
5.2M
4.6M
Tax withheld related to RSU settlement
($25.9M)
($14.3M)
($10.1M)
($3.7M)
Net cash used in financing activities
($26.7M)
$723.0M
$374.9M
($3.0M)
Effect of exchange rate changes on cash
$300.0K
$205.0K
$53.0K
($69.0K)
Net decrease in cash and cash equivalents
($698.1M)
$984.1M
$331.2M
($16.7M)
Cash and cash equivalents at beginning of the period
$1.2B
$236.3M
$236.3M
$236.3M
Cash and cash equivalents at end of the period
$466.9M
$1.2B
$567.6M
$219.6M
Purchases of property and equipment included in accounts payable, other current liabilities and other non-current liabilities