Revenue
5Y CAGR +86.8%5Y CAGR +86.8%YoY +114.7%$1.6B TTM$479M Q1 '27
FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
CRDO
$131.51-5.94%
as of close, Nov 13, 2026
☾ AH $131.51 -5.94%
Credo Technology Group Holding LtdStock · TechnologyNasdaq Composite · 0.09% of ONEQRussell 1000 · 0.06% of IWBUS Stock Market · 0.06% of VTIRussell 3000 · 0.06% of IWVMSCI World · 0.04% of URTHMSCI ACWI · 0.03% of ACWI
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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.
Financial overview#
Gross profit
5Y CAGR +88.4%5Y CAGR +88.4%YoY +105.5%$1.1B TTM$309.1M Q1 '27
FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Operating income
5Y n/m5Y n/mYoY +98.7%$505M TTM$120.7M Q1 '27
FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Net income
5Y n/m5Y n/mYoY +104.1%$538.3M TTM$129.4M Q1 '27
FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
EPS (diluted)
5Y n/m5Y n/mYoY +97.1%$2.81 TTM$0.67 Q1 '27
FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Operating cash flow
5Y n/m5Y n/mYoY +66.6%$500.4M TTM$90.2M Q1 '27
FY20FY21FY22FY23FY24FY25FY26TTM
Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Capital expenditure
5Y CAGR +56.7%5Y CAGR +56.7%YoY +158.1%$61.8M TTM$7.3M Q1 '27
FY20FY21FY22FY23FY24FY25FY26TTM
Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Free cash flow
5Y n/m5Y n/mYoY +61.5%$438.6M TTM$82.9M Q1 '27
FY20FY21FY22FY23FY24FY25FY26TTM
Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Shares (diluted)
5Y +172.4%5Y +172.4%YoY +5.3%191.8M TTM194.4M Q1 '27
FY20FY21FY22FY23FY24FY25FY26TTM
Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Shares outstanding (point-in-time)
2024-08 166.1M2024-11 167.2M2025-02 169.8M2025-05 171.6M2025-08 173.0M2025-11 180.6M2026-01 184.4M2026-05 186.5M2026-08 188.0M+13.2% 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.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | 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+205.7% | 437M+126.3% | 193M+4.8% | 184M+73.0% | 106M+81.4% | |
| 908M+221.1% | 283M+136.9% | 119M+12.5% | 106M+65.9% | 64.0M+67.2% | ||
| Cost of revenue | 427M+177.4% | 154M+109.2% | 73.5M-5.7% | 78.0M+83.7% | 42.5M+108.0% | |
| 463M+88.5% | 246M+57.1% | 156M+22.8% | 127M+48.2% | 86.0M+35.4% | ||
| Research & development | 279M+90.2% | 147M+52.5% | 96.3M+25.4% | 76.8M+60.1% | 47.9M+37.6% | |
| Selling, general & administrative | 184M+86.0% | 98.9M+64.3% | 60.2M+24.8% | 48.2M+38.2% | 34.9M+21.7% | |
| Amortization of intangibles | 400K | 0.00 | 0.00 | — | — | |
| Operating income | 445M+1098.7% | 37.1M+200.2% | -37.1M-74.5% | -21.2M+3.3% | -22.0M+12.9% | |
| Interest & investment income | 31.3M+66.5% | 18.8M+22.9% | 15.3M+225.5% | 4.70M | — | |
| Other non-operating income | 30.4M+71.5% | 17.7M+24.0% | 14.3M+331.0% | 3.32M+1455.5% | -245K-295.2% | |
| Pre-tax income | 475M+766.5% | 54.9M+341.2% | -22.7M-27.0% | -17.9M+19.4% | -22.2M+12.2% | |
| Income tax | 3.16M+17.5% | 2.69M-52.2% | 5.62M+511.4% | -1.37M-3594.6% | -37.0K-101.7% | |
| 472M+805.0% | 52.2M+283.9% | -28.4M-71.4% | -16.5M+25.4% | -22.2M+19.4% | ||
| Net income to common | 472M+805.0% | 52.2M+283.9% | -28.4M-71.4% | -16.5M+25.4% | -22.2M+19.4% | |
| $2.51+765.5% | $0.29+261.1% | -$0.18-63.6% | -$0.11+56.0% | -$0.25+37.5% | ||
| EPS (basic) | $2.65+754.8% | $0.31+272.2% | -$0.18-63.6% | -$0.11+56.0% | -$0.25+37.5% | |
| Weighted-avg shares (basic) | 179M+6.6% | 168M+8.0% | 155M+5.8% | 147M+65.8% | 88.4M+27.9% | |
| Weighted-avg shares (diluted) | 188M+3.9% | 181M+16.8% | 155M+5.8% | 147M+65.8% | 88.4M+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+180.4% | 714M+34.6% | 530M+61.6% | 328M-1.2% | 332M+141.1% | ||
| Cash & equivalents | 1.16B+392.9% | 236M+253.0% | 66.9M-38.3% | 109M-58.1% | 259M+149.9% | |
| Short-term investments | 278M+42.7% | 195M-43.2% | 343M+214.1% | 109M | 0.00 | |
| Accounts receivable | 233M+43.9% | 162M+171.8% | 59.7M+20.4% | 49.5M+67.8% | 29.5M+116.4% | |
| Inventory | 251M+178.6% | 90.0M+247.5% | 25.9M-43.7% | 46.0M+68.4% | 27.3M+284.8% | |
| Prepaid expenses | — | 30.0M-13.5% | 34.7M+541.0% | 5.41M-8.6% | 5.92M-32.2% | |
| Other current assets | 73.6M+145.1% | 30.0M | — | — | 1.26M+10.2% | |
| 2.30B+183.7% | 809M+34.4% | 602M+51.5% | 397M+5.7% | 376M+141.6% | ||
| Property, plant & equipment | 102M+59.7% | 63.6M+45.7% | 43.7M+8.6% | 40.2M+84.1% | 21.8M+53.5% | |
| Operating lease right-of-use | 24.6M+61.7% | 15.2M+16.5% | 13.1M-12.0% | 14.9M-12.4% | 17.0M | |
| Goodwill | 92.8M | 0.00 | — | — | — | |
| Intangible assets | 29.3M | 0.00 | — | — | — | |
| Other non-current assets | 46.2M+174.3% | 16.9M+13.0% | 14.9M+6.8% | 14.0M+196.5% | 4.71M+36.2% | |
| 197M+83.0% | 108M+141.4% | 44.6M+43.8% | 31.0M+17.1% | 26.5M+111.4% | ||
| Accounts payable | 107M+91.1% | 56.2M+318.6% | 13.4M+121.1% | 6.07M-28.5% | 8.49M+136.4% | |
| Accrued liabilities | — | 12.2M+38.2% | 8.83M+16.9% | 7.55M-9.8% | 8.37M+215.7% | |
| Deferred revenue | — | — | 3.90M-3.4% | 4.04M+227.4% | 1.23M-70.0% | |
| Current lease liability | 4.83M+44.6% | 3.34M+21.9% | 2.74M+4.2% | 2.63M+10.6% | 2.38M | |
| Other current liabilities | 68.1M+92.1% | 35.5M+59.7% | 22.2M | — | — | |
| 232M+81.7% | 128M+106.8% | 61.7M+24.3% | 49.7M+19.6% | 41.5M+220.5% | ||
| Deferred revenue (non-current) | — | — | 128K-66.3% | 380K | 0.00 | |
| Non-current lease liability | 20.6M+62.4% | 12.7M+14.0% | 11.1M-13.5% | 12.9M-13.1% | 14.8M | |
| Operating lease liability (total) | 25.4M+58.7% | 16.0M+15.6% | 13.9M-10.5% | 15.5M-9.8% | 17.2M | |
| Deferred tax liabilities | 5.75M | — | — | — | — | |
| Other non-current liabilities | 8.54M+17.5% | 7.27M+21.6% | 5.98M+4.0% | 5.75M+2515.0% | 220K-48.1% | |
| 2.06B+202.8% | 682M+26.2% | 540M+55.4% | 348M+4.0% | 334M+702.8% | ||
| Common stock | 9.00K+12.5% | 8.00K+0.0% | 8.00K+14.3% | 7.00K+0.0% | 7.00K+133.3% | |
| Additional paid-in capital | 1.67B+118.5% | 765M+13.2% | 676M+48.7% | 455M+7.1% | 425M+3271.7% | |
| Retained earnings | 389M+567.9% | -83.2M+38.6% | -135M-26.5% | -107M-18.3% | -90.4M-32.5% | |
| Accumulated other comprehensive income | 2.43M+655.1% | -437K+15.8% | -519K-171.7% | -191K-930.4% | 23.0K-89.9% | |
| Total equity incl. non-controlling | 2.06B+202.8% | 682M+26.2% | 540M+55.4% | 348M+4.0% | 334M | |
| Total liabilities & equity | 2.30B+183.7% | 809M+34.4% | 602M+51.5% | 397M+5.7% | 376M+141.6% | |
| Common shares issued | 185M+8.3% | 171M+4.2% | 164M+10.5% | 149M+2.7% | 145M+112.0% | |
| Common shares outstanding | 185M+8.3% | 171M+4.2% | 164M+10.5% | 149M+2.7% | 145M+112.0% | |
| Shares outstanding (cover) | 186M+8.6% | 172M+3.9% | 165M+10.8% | 149M+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+613.4% | 65.1M+98.8% | 32.7M+233.0% | -24.6M+20.2% | -30.8M+27.2% | ||
| Depreciation & amortization | 35.0M+59.7% | 21.9M+59.3% | 13.8M+44.7% | 9.51M+98.5% | 4.79M+116.1% | |
| Intangible amortization | 400K | 0.00 | 0.00 | — | — | |
| Share-based compensation | 183M+136.1% | 77.4M+98.2% | 39.0M+65.9% | 23.5M+155.9% | 9.19M+257.5% | |
| Deferred income taxes | -3.10M-834.6% | 422K-89.8% | 4.13M+296.3% | -2.11M-37.9% | -1.53M-211.6% | |
| Change in receivables | 70.8M-30.9% | 102M+912.6% | 10.1M-49.4% | 20.0M+26.1% | 15.9M+2428.3% | |
| Change in inventory | 174M+147.0% | 70.5M+547.1% | -15.8M-164.7% | 24.4M+12.5% | 21.7M+233.4% | |
| Change in payables | 48.8M+16.3% | 41.9M+376.2% | 8.81M+329.1% | -3.84M-180.9% | 4.75M+255.4% | |
| -254M-326.4% | 112M+144.9% | -249M-90.5% | -131M-644.8% | -17.6M-190.3% | ||
| Capital expenditure | 57.3M+58.9% | 36.1M+130.4% | 15.7M-27.9% | 21.7M+23.5% | 17.6M+190.3% | |
| Free cash flow | 407M+1302.4% | 29.0M+69.9% | 17.1M+136.9% | -46.3M+4.3% | -48.4M+0.0% | |
| Acquisitions | 113M | 0.00 | 0.00 | 0.00 | 0.00 | |
| 718M+9386.1% | -7.73M-104.4% | 175M+3488.0% | 4.88M-97.6% | 204M+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 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 231K+463.4% | 41.0K+124.3% | -169K-148.5% | -68.0K+66.7% | -204K-154.0% | |
| Net change in cash | 929M+448.2% | 169M+506.8% | -41.6M+72.4% | -151M-196.9% | 156M+421.2% | |
| Income taxes paid | 2.47M+70.8% | 1.45M+37.3% | 1.05M-12.5% | 1.20M+182.0% | 427K-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+315.0% | 8.19B+170.4% | 3.03B+152.5% | 1.20B-24.9% | 1.60B | |
| P/E | 100.1×-93.7% | 1601.1× | — | — | — | |
| P/S | 31.8×+27.3% | 25.0×+35.6% | 18.4×+191.5% | 6.3×-64.9% | 18.0× | |
| P/B | 18.4×+38.8% | 13.3×+133.5% | 5.7×+67.7% | 3.4×-35.3% | 5.2× | |
| P/FCF | 119.9× | — | 7851.5× | — | — | |
| Earnings yield | 1.00%+1499.6% | 0.06% | — | — | — | |
| FCF yield | 0.83% | — | 0.01% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
CEO pay#
As charts →| Fiscal year | CEO | Total, as reported | Actually paid | Other executives, average | $100 in the stock | $100 in peers |
|---|---|---|---|---|---|---|
| FY2026 | William (Bill) Brennan | $14.4M | $76.3M | $2.4M | $1,582.66 | $326.61 |
| FY2025 | — | $6.1M | $13.9M | $3.9M | $414.25 | $135.54 |
| FY2024 | — | $6.1M | $8M | $2.7M | $159.31 | $145.97 |
| FY2023 | — | $3.9M | $2.3M | $1.6M | $69.61 | $92.32 |
| FY2022 | — | $3M | $3.3M | $1.3M | — | — |
From the pay-versus-performance table of each proxy statement (DEF 14A), the newest that states the year. “Actually paid” values stock awards at the year’s closing price, so it falls when the stock does. A year two chief executives shared lists each one’s pay, as reported / actually paid, and the totals are both. $100 in the stock and in the peer group the proxy names are the newest proxy’s, from the start of its first year.
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.
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