CRDO · XBRL financial data
Credo Technology Group Holding financial statements, every fiscal year
The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (CRDO's year ends in early May)
| In millions of dollars | Apr 30, 2022 | Apr 29, 2023 | Apr 27, 2024 | May 3, 2025 | May 2, 2026 |
|---|---|---|---|---|---|
| Revenue from contracts with customers | 106 | 184 | 193 | 437 | 1,335 |
| Cost of goods and services sold | 42 | 78 | 74 | 154 | 427 |
| Gross profit | 64 | 106 | 119 | 283 | 908 |
| Research and development | 48 | 77 | 96 | 146 | 279 |
| Selling, general and administrative | 35 | 48 | 60 | 99 | 184 |
| Total operating expenses | 86 | 127 | 156 | 246 | 463 |
| Operating income (loss) | (22) | (21) | (37) | 37 | 445 |
| Other income (expense) | (0) | 3 | 14 | 18 | 30 |
| Income tax expense (benefit) | (0) | (1) | 6 | 3 | 3 |
| Net income (loss) | (22) | (17) | (28) | 52 | 472 |
| Earnings per share, basic USD per share | (0.25) | (0.11) | (0.18) | 0.31 | 2.65 |
| Earnings per share, diluted USD per share | (0.25) | (0.11) | (0.18) | 0.29 | 2.51 |
| Weighted average shares, basic millions of shares | 88 | 147 | 155 | 168 | 179 |
| Weighted average shares, diluted millions of shares | 88 | 147 | 155 | 181 | 188 |
Balance sheet
CSVFiscal years (CRDO's year ends in early May)
| In millions of dollars | Apr 30, 2022 | Apr 29, 2023 | Apr 27, 2024 | May 3, 2025 | May 2, 2026 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 259 | 109 | 67 | 236 | 1,165 |
| Short-term investments | 0 | 109 | 343 | 195 | 278 |
| Accounts receivable | 30 | 50 | 60 | 162 | 233 |
| Inventory | 27 | 46 | 26 | 90 | 251 |
| Prepaid and other current assets | 6 | 5 | 13 | 30 | — |
| Total current assets | 332 | 328 | 530 | 714 | 2,001 |
| Property and equipment, net | 22 | 40 | 44 | 64 | 102 |
| Right-of-use asset | 17 | 15 | 13 | 15 | 25 |
| Goodwill | — | — | — | 0 | 93 |
| Total assets | 376 | 397 | 602 | 809 | 2,296 |
| Accounts payable | 8 | 6 | 13 | 56 | 107 |
| Accrued liabilities | 8 | 7 | 10 | 12 | — |
| Total current liabilities | 26 | 31 | 45 | 108 | 197 |
| Lease liability, non-current | 15 | 13 | 11 | 13 | 21 |
| Total liabilities | 42 | 50 | 62 | 128 | 232 |
| Retained earnings (accumulated deficit) | (90) | (107) | (135) | (83) | 389 |
| Total stockholders' equity | 334 | 348 | 540 | 682 | 2,064 |
| Total liabilities and equity | 376 | 397 | 602 | 809 | 2,296 |
| Common shares outstanding (cover page) millions of shares | 145 | 149 | 165 | 172 | 186 |
Cash flows
CSVFiscal years (CRDO's year ends in early May)
| In millions of dollars | Apr 30, 2022 | Apr 29, 2023 | Apr 27, 2024 | May 3, 2025 | May 2, 2026 |
|---|---|---|---|---|---|
| Net income (loss) | (22) | (17) | (28) | 52 | 472 |
| Stock-based compensation | 9 | 24 | 39 | 77 | 183 |
| Depreciation and amortization | 5 | 10 | 14 | 22 | 35 |
| Net cash from operating activities | (31) | (25) | 33 | 65 | 464 |
| Purchases of property and equipment | 18 | 22 | 16 | 36 | 57 |
| Net cash from investing activities | (18) | (131) | (249) | 112 | (254) |
| Share repurchases | 0 | 0 | — | — | — |
| Net cash from financing activities | 204 | 5 | 175 | (8) | 718 |
| Net change in cash | 156 | (151) | (42) | 169 | 929 |
Compare with peers
SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Credo Technology Group Holding | 467 | 479 | 90 | 188.0M | 10-QAug 1, 2026 |
| Microchip Technology | 272 | 1,485 | 512 | 543.0M | 10-QJun 30, 2026 |
| Monolithic Power Systems | 561 | 1,202 | 290* | 48.8M | 10-QSep 30, 2026 |
| Jabil | 1,739 | 10,616* | 733* | 103.0M | 10-KAug 31, 2026 |
| On Semiconductor | 4,158 | 1,722 | 516* | 389.3M | 10-QOct 2, 2026 |
| Solaredge Technologies | 527 | 346 | 11* | 61.5M | 10-QJun 30, 2026 |
| Hubbell | 335 | 1,873 | 323* | 52.8M | 10-QSep 30, 2026 |
| Flex | 3,083 | 8,491 | 501* | 369.5M | 10-QSep 25, 2026 |
| Qnity Electronics | 1,124 | 1,556 | 271* | 209.0M | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.
