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Credo Technology (CRDO) | Financial Analysis & Statements

Credo Technology Group Holding Ltd. | Large-cap | Technology

$118.57

-1.53%

Credo Technology vs Nvidia Credo Technology vs Broadcom Credo Technology vs Texas Instruments Credo Technology vs Qualcomm Credo Technology vs Micron Technology Credo Technology vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Apr 2025

Income Metrics

Revenue 170.0M

Gross Profit 114.2M 67.16%

Operating Income 34.7M 20.39%

Net Income 36.6M 21.52%

Balance Sheet Metrics

Total Assets 809.3M

Total Liabilities 127.7M

Shareholders Equity 681.6M

Debt to Equity 0.19

Cash Flow Metrics

Operating Cash Flow 45.0M

Free Cash Flow 54.2M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Credo Technology Income Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Revenue i	436.8M	193.0M	184.2M	106.5M	58.7M
Cost of Goods Sold i	153.9M	73.5M	78.0M	42.5M	20.4M
Gross Profit i	282.9M	119.4M	106.2M	64.0M	38.3M
Gross Margin % i	64.8%	61.9%	57.7%	60.1%	65.2%
Operating Expenses
Research & Development i	146.0M	95.5M	76.8M	47.9M	34.8M
Selling, General & Administrative i	98.9M	60.2M	48.2M	34.9M	28.7M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	244.9M	155.7M	125.0M	82.8M	63.5M
Operating Income i	38.0M	-36.3M	-18.8M	-18.8M	-25.2M
Operating Margin % i	8.7%	-18.8%	-10.2%	-17.7%	-43.0%
Non-Operating Items
Interest Income i	-	-	-	-	-
Interest Expense i	-	-	-	-	-
Other Non-Operating Income	16.9M	13.5M	914.0K	-3.4M	-62.0K
Pre-tax Income i	54.9M	-22.7M	-17.9M	-22.2M	-25.3M
Income Tax i	2.7M	5.6M	-1.4M	-37.0K	2.2M
Effective Tax Rate % i	4.9%	0.0%	0.0%	0.0%	0.0%
Net Income i	52.2M	-28.4M	-16.5M	-22.2M	-27.5M
Net Margin % i	11.9%	-14.7%	-9.0%	-20.8%	-46.9%
Key Metrics
EBITDA i	60.8M	-21.8M	-6.9M	-10.9M	-23.0M
EPS (Basic) i	$0.31	$-0.18	$-0.11	$-0.25	$-0.20
EPS (Diluted) i	$0.29	$-0.18	$-0.11	$-0.25	$-0.20
Basic Shares Outstanding i	167505000	155091000	147145000	88398000	139947064
Diluted Shares Outstanding i	167505000	155091000	147145000	88398000	139947064

Income Statement Trend

Credo Technology Balance Sheet From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Assets
Current Assets
Cash & Equivalents i	236.3M	66.9M	108.6M	259.3M	103.8M
Short-term Investments i	195.0M	343.1M	109.2M	0	-
Accounts Receivable i	162.1M	59.7M	49.5M	29.5M	13.6M
Inventory i	90.0M	25.9M	46.0M	27.3M	7.1M
Other Current Assets	27.8M	13.1M	5.4M	5.9M	1.1M
Total Current Assets i	713.5M	530.3M	328.2M	332.2M	137.8M
Non-Current Assets
Property, Plant & Equipment i	82.3M	61.1M	50.9M	42.5M	12.7M
Goodwill i	-	-	-	-	-
Intangible Assets i	-	-	-	-	-
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	11.0M	6.7M	14.0M	5.7M	3.5M
Total Non-Current Assets i	95.7M	71.7M	69.1M	43.5M	17.7M
Total Assets i	809.3M	601.9M	397.3M	375.7M	155.5M
Liabilities
Current Liabilities
Accounts Payable i	56.2M	13.4M	6.1M	8.5M	3.6M
Short-term Debt i	3.3M	2.7M	2.6M	2.4M	-
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	1.3M	-	-	-	-
Total Current Liabilities i	107.7M	44.6M	31.0M	26.5M	12.5M
Non-Current Liabilities
Long-term Debt i	12.7M	11.1M	12.9M	14.8M	0
Deferred Tax Liabilities i	-	-	-	-	424.0K
Other Non-Current Liabilities	1.5M	903.0K	324.0K	220.0K	424.0K
Total Non-Current Liabilities i	20.0M	17.1M	18.6M	15.0M	198.4M
Total Liabilities i	127.7M	61.7M	49.7M	41.5M	210.9M
Equity
Common Stock i	8.0K	8.0K	7.0K	7.0K	3.0K
Retained Earnings i	-83.2M	-135.3M	-107.0M	-90.4M	-68.3M
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	681.6M	540.2M	347.6M	334.2M	-55.4M
Key Metrics
Total Debt i	16.0M	13.9M	15.5M	17.2M	0
Working Capital i	605.8M	485.6M	297.2M	305.7M	125.3M

Balance Sheet Composition

Credo Technology Cash Flow Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Operating Activities
Net Income i	52.2M	-28.4M	-16.5M	-22.2M	-27.5M
Depreciation & Amortization i	21.9M	13.8M	9.5M	4.8M	2.2M
Stock-Based Compensation i	77.4M	39.0M	23.5M	9.2M	2.6M
Working Capital Changes i	-124.3M	1.3M	-51.4M	-42.0M	-7.3M
Operating Cash Flow i	27.1M	25.7M	-34.9M	-50.2M	-30.0M
Investing Activities
Capital Expenditures i	-36.1M	-15.7M	-21.7M	-17.6M	-6.1M
Acquisitions i	-	-	-	-	-
Investment Purchases i	-258.7M	-403.6M	-159.2M	0	0
Investment Sales i	406.8M	169.8M	50.0M	0	0
Investing Cash Flow i	112.0M	-249.5M	-130.9M	-17.6M	-6.1M
Financing Activities
Share Repurchases i	-	-	0	0	-22.9M
Dividends Paid i	-	-	-	-	-
Debt Issuance i	-	-	-	-	-
Debt Repayment i	-	-	-	-	-
Financing Cash Flow i	-15.6M	168.2M	-616.0K	201.4M	76.4M
Free Cash Flow i	29.0M	17.1M	-46.3M	-48.4M	-48.4M
Net Change in Cash i	123.6M	-55.6M	-166.5M	133.7M	40.4M

Cash Flow Trend

Credo Technology Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 415.21

Forward P/E 156.38

Price to Book 30.24

Price to Sales 47.32

PEG Ratio 156.38

Profitability Ratios

Profit Margin 11.95%

Operating Margin 20.39%

Return on Equity 8.54%

Return on Assets 3.37%

Financial Health

Current Ratio 6.62

Debt to Equity 2.35

Beta 2.59

Per Share Data

EPS (TTM) $0.29

Book Value per Share $3.98

Revenue per Share $2.61

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
crdo	20.7B	415.21	30.24	8.54%	11.95%	2.35
Nvidia	4.5T	58.76	53.15	115.46%	51.69%	12.27
Broadcom	1.4T	111.30	5.15	18.98%	22.64%	166.03
Texas Instruments	170.2B	34.23	10.38	29.99%	30.23%	85.61
Qualcomm	159.2B	14.24	5.88	44.62%	26.77%	54.35
Micron Technology	133.1B	21.42	2.62	13.11%	18.41%	31.95

Financial data is updated regularly. All figures are in the company's reporting currency.