CRDO financial statements

The full income statement, balance sheet, and cash-flow statement for Credo Technology Group Holding Ltd (CRDO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-04 165.2M2024-08 166.1M2024-11 167.2M2025-02 169.8M2025-05 171.6M2025-08 173.0M2025-11 180.6M2026-01 184.4M2026-05 186.5M+12.9% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofMay 2 ’26	as ofMay 3 ’25	as ofApr 27 ’24	as ofApr 29 ’23	as ofApr 30 ’22
Revenue	1.34B YoY+205.7%	437M YoY+126.3%	193M YoY+4.8%	184M YoY+73.0%	106M YoY+81.4%
	908M YoY+221.1%	283M YoY+136.9%	119M YoY+12.5%	106M YoY+65.9%	64.0M YoY+67.2%
Cost of revenue	427M YoY+177.4%	154M YoY+109.2%	73.5M YoY-5.7%	78.0M YoY+83.7%	42.5M YoY+108.0%
	463M YoY+88.5%	246M YoY+57.1%	156M YoY+22.8%	127M YoY+48.2%	86.0M YoY+35.4%
Research & development	279M YoY+90.2%	147M YoY+52.5%	96.3M YoY+25.4%	76.8M YoY+60.1%	47.9M YoY+37.6%
Selling, general & administrative	184M YoY+86.0%	98.9M YoY+64.3%	60.2M YoY+24.8%	48.2M YoY+38.2%	34.9M YoY+21.7%
Amortization of intangibles	400K	0.00	0.00	—	—
Operating income	445M YoY+1098.7%	37.1M YoY+200.2%	-37.1M YoY-74.5%	-21.2M YoY+3.3%	-22.0M YoY+12.9%
Interest & investment income	31.3M YoY+66.5%	18.8M YoY+22.9%	15.3M YoY+225.5%	4.70M	—
Other non-operating income	30.4M YoY+71.5%	17.7M YoY+24.0%	14.3M YoY+331.0%	3.32M YoY+1455.5%	-245K YoY-295.2%
Pre-tax income	475M YoY+766.5%	54.9M YoY+341.2%	-22.7M YoY-27.0%	-17.9M YoY+19.4%	-22.2M YoY+12.2%
Income tax	3.16M YoY+17.5%	2.69M YoY-52.2%	5.62M YoY+511.4%	-1.37M YoY-3594.6%	-37.0K YoY-101.7%
	472M YoY+805.0%	52.2M YoY+283.9%	-28.4M YoY-71.4%	-16.5M YoY+25.4%	-22.2M YoY+19.4%
Net income to common	—	—	—	—	-22.2M YoY+19.4%
	$2.51 YoY+765.5%	$0.29 YoY+261.1%	-$0.18 YoY-63.6%	-$0.11 YoY+56.0%	-$0.25 YoY+37.5%
EPS (basic)	$2.65 YoY+754.8%	$0.31 YoY+272.2%	-$0.18 YoY-63.6%	-$0.11 YoY+56.0%	-$0.25 YoY+37.5%
	179M YoY+6.6%	168M YoY+8.0%	155M YoY+5.8%	147M YoY+65.8%	88.4M YoY+27.9%
	188M YoY+3.9%	181M YoY+16.8%	155M YoY+5.8%	147M YoY+65.8%	88.4M YoY+27.9%
Balance Sheet	as ofMay 2 ’26	as ofMay 3 ’25	as ofApr 27 ’24	as ofApr 29 ’23	as ofApr 30 ’22
	2.00B YoY+180.4%	714M YoY+34.6%	530M YoY+61.6%	328M YoY-1.2%	332M YoY+141.1%
Cash & equivalents	1.16B YoY+392.9%	236M YoY+253.0%	66.9M YoY-38.3%	109M YoY-58.1%	259M YoY+149.9%
Short-term investments	278M YoY+42.7%	195M YoY-43.2%	343M YoY+214.1%	109M	0.00
Accounts receivable	233M YoY+43.9%	162M YoY+171.8%	59.7M YoY+20.4%	49.5M YoY+67.8%	29.5M YoY+116.4%
Inventory	251M YoY+178.6%	90.0M YoY+247.5%	25.9M YoY-43.7%	46.0M YoY+68.4%	27.3M YoY+284.8%
Prepaid expenses	—	30.0M YoY-13.5%	34.7M YoY+541.0%	5.41M YoY-8.6%	5.92M YoY-32.2%
Other current assets	73.6M YoY+145.1%	30.0M	—	—	1.26M YoY+10.2%
	2.30B YoY+183.7%	809M YoY+34.4%	602M YoY+51.5%	397M YoY+5.7%	376M YoY+141.6%
Property, plant & equipment	102M YoY+59.7%	63.6M YoY+45.7%	43.7M YoY+8.6%	40.2M YoY+84.1%	21.8M YoY+53.5%
Operating lease right-of-use	24.6M YoY+61.7%	15.2M YoY+16.5%	13.1M YoY-12.0%	14.9M YoY-12.4%	17.0M YoY+323.9%
Goodwill	92.8M	0.00	—	—	—
Intangible assets	29.3M	0.00	—	—	—
Other non-current assets	46.2M YoY+174.3%	16.9M YoY+13.0%	14.9M YoY+6.8%	14.0M YoY+196.5%	4.71M YoY+36.2%
	197M YoY+83.0%	108M YoY+141.4%	44.6M YoY+43.8%	31.0M YoY+17.1%	26.5M YoY+111.4%
Accounts payable	107M YoY+91.1%	56.2M YoY+318.6%	13.4M YoY+121.1%	6.07M YoY-28.5%	8.49M YoY+136.4%
Accrued liabilities	—	12.2M YoY+38.2%	8.83M YoY+16.9%	7.55M YoY-9.8%	8.37M YoY+215.7%
Deferred revenue	—	—	3.90M YoY-3.4%	4.04M YoY+227.4%	1.23M YoY-70.0%
Current lease liability	4.83M YoY+44.6%	3.34M YoY+21.9%	2.74M YoY+4.2%	2.63M YoY+10.6%	2.38M
Other current liabilities	68.1M YoY+92.1%	35.5M YoY+59.7%	22.2M	—	—
	232M YoY+81.7%	128M YoY+106.8%	61.7M YoY+24.3%	49.7M YoY+19.6%	41.5M YoY+220.5%
Deferred revenue (non-current)	—	—	128K YoY-66.3%	380K	0.00
Non-current lease liability	20.6M YoY+62.4%	12.7M YoY+14.0%	11.1M YoY-13.5%	12.9M YoY-13.1%	14.8M
Operating lease liability (total)	25.4M YoY+58.7%	16.0M YoY+15.6%	13.9M YoY-10.5%	15.5M YoY-9.8%	17.2M
Other non-current liabilities	14.3M YoY+96.7%	7.27M YoY+21.6%	5.98M YoY+4.0%	5.75M YoY+2515.0%	220K YoY-48.1%
	2.06B YoY+202.8%	682M YoY+26.2%	540M YoY+55.4%	348M YoY+4.0%	334M YoY+702.8%
Common stock	9.00K YoY+12.5%	8.00K YoY+0.0%	8.00K YoY+14.3%	7.00K YoY+0.0%	7.00K YoY+133.3%
Additional paid-in capital	1.67B YoY+118.5%	765M YoY+13.2%	676M YoY+48.7%	455M YoY+7.1%	425M YoY+3271.7%
Retained earnings	389M YoY+567.9%	-83.2M YoY+38.6%	-135M YoY-26.5%	-107M YoY-18.3%	-90.4M YoY-32.5%
Accumulated other comprehensive income	2.43M YoY+655.1%	-437K YoY+15.8%	-519K YoY-171.7%	-191K YoY-930.4%	23.0K YoY-89.9%
Total liabilities & equity	2.30B YoY+183.7%	809M YoY+34.4%	602M YoY+51.5%	397M YoY+5.7%	376M YoY+141.6%
	185M YoY+8.3%	171M YoY+4.2%	164M YoY+10.5%	149M YoY+2.7%	145M YoY+112.0%
	185M YoY+8.3%	171M YoY+4.2%	164M YoY+10.5%	149M YoY+2.7%	145M YoY+112.0%
	186M YoY+8.6%	172M YoY+3.9%	165M YoY+10.8%	149M YoY+2.6%	145M
Cash Flow	as ofMay 2 ’26	as ofMay 3 ’25	as ofApr 27 ’24	as ofApr 29 ’23	as ofApr 30 ’22
	464M YoY+613.4%	65.1M YoY+98.8%	32.7M YoY+233.0%	-24.6M YoY+20.2%	-30.8M YoY+27.2%
Depreciation & amortization	34.6M YoY+57.9%	21.9M YoY+59.3%	13.8M YoY+44.7%	9.51M YoY+98.5%	4.79M YoY+116.1%
Intangible amortization	400K	0.00	0.00	—	—
Share-based compensation	183M YoY+136.1%	77.4M YoY+98.2%	39.0M YoY+65.9%	23.5M YoY+155.9%	9.19M YoY+257.5%
Deferred income taxes	-3.10M YoY-834.6%	422K YoY-89.8%	4.13M YoY+296.3%	-2.11M YoY-37.9%	-1.53M YoY-211.6%
Change in receivables	70.8M YoY-30.9%	102M YoY+912.6%	10.1M YoY-49.4%	20.0M YoY+26.1%	15.9M YoY+2428.3%
Change in inventory	174M YoY+147.0%	70.5M YoY+547.1%	-15.8M YoY-164.7%	24.4M YoY+12.5%	21.7M YoY+233.4%
Change in payables	48.8M YoY+16.3%	41.9M YoY+376.2%	8.81M YoY+329.1%	-3.84M YoY-180.9%	4.75M YoY+255.4%
	-254M YoY-326.4%	112M YoY+144.9%	-249M YoY-90.5%	-131M YoY-644.8%	-17.6M YoY-190.3%
Capital expenditure	57.3M YoY+58.9%	36.1M YoY+130.4%	15.7M YoY-27.9%	21.7M YoY+23.5%	17.6M YoY+190.3%
Free cash flow	407M YoY+1302.4%	29.0M YoY+69.9%	17.1M YoY+136.9%	-46.3M YoY+4.3%	-48.4M YoY+0.0%
Acquisitions	113M	0.00	0.00	0.00	0.00
	718M YoY+9386.1%	-7.73M YoY-104.4%	175M YoY+3488.0%	4.88M YoY-97.6%	204M YoY+162.1%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	231K YoY+463.4%	41.0K YoY+124.3%	-169K YoY-148.5%	-68.0K YoY+66.7%	-204K YoY-154.0%
Net change in cash	929M YoY+448.2%	169M YoY+506.8%	-41.6M YoY+72.4%	-151M YoY-196.9%	156M YoY+421.2%
Income taxes paid	2.47M YoY+70.8%	1.45M YoY+37.3%	1.05M YoY-12.5%	1.20M YoY+182.0%	427K YoY-65.0%
Valuation Ratios	as ofMay 2 ’26	as ofMay 3 ’25	as ofApr 27 ’24	as ofApr 29 ’23	as ofApr 30 ’22
Market cap	34.0B YoY+315.0%	8.19B YoY+170.4%	3.03B YoY+152.5%	1.20B YoY-24.9%	1.60B
P/E	100.1× YoY-93.7%	1601.1×	—	—	—
P/S	31.8× YoY+27.3%	25.0× YoY+35.6%	18.4× YoY+191.5%	6.3× YoY-64.9%	18.0×
P/B	18.4× YoY+38.8%	13.3× YoY+133.5%	5.7× YoY+67.7%	3.4× YoY-35.3%	5.2×
P/FCF	119.9×	—	7851.5×	—	—
	1.00% YoY+1499.6%	0.06%	—	—	—
	0.83%	—	0.01%	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CRDO's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CRDO filings on SEC EDGAR → Not investment advice.