CRDO · Credo Technology Group Holding Ltd - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $407.01M | $268.03M | $223.07M | $72.03M | $135.00M | $59.71M | $44.03M | $53.06M | $35.09M | $26.43M |
| Cost of Revenue | $128.14M | $86.98M | $72.71M | $26.52M | $49.08M | $22.43M | $17.92M | $20.50M | $14.30M | $10.47M |
| Gross Profit | $278.87M | $181.05M | $150.37M | $45.51M | $85.93M | $37.28M | $26.12M | $32.56M | $20.79M | $15.95M |
| R&D | $78.48M | $57.92M | $52.45M | $31.74M | $36.26M | $30.41M | $21.74M | $24.24M | $22.64M | $11.80M |
| SG&A | $50.76M | $44.33M | $37.18M | $22.18M | $23.47M | $21.32M | $13.26M | $14.23M | $12.54M | $7.71M |
| Total Operating Expenses | $129.25M | $102.25M | $89.63M | $53.92M | $59.73M | $51.73M | $34.99M | $38.47M | $35.18M | $19.51M |
| D&A | $6.70M | $6.50M | $5.46M | $5.00M | $5.10M | $4.23M | $3.70M | $3.40M | $2.95M | $1.10M |
| Operating Income | $149.62M | $78.80M | $60.74M | ($8.41M) | $26.19M | ($14.45M) | ($8.88M) | ($5.91M) | ($14.39M) | ($3.55M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $1.94M | $1.05M | $1.29M | $292.0K | $752.0K | $622.0K | $450.0K | ($2.05M) | ($537.0K) | $601.0K |
| Net Income | $157.14M | $82.64M | $63.40M | ($4.22M) | $29.36M | ($9.54M) | ($6.62M) | $428.0K | ($11.70M) | ($4.10M) |
| EPS - Basic | $0.86 | $0.47 | $0.37 | ($0.03) | $0.17 | ($0.06) | ($0.04) | $0.00 | ($0.08) | ($0.06) |
| EPS - Diluted | $0.82 | $0.44 | $0.34 | ($0.03) | $0.16 | ($0.06) | ($0.04) | $0.00 | ($0.08) | ($0.06) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.22B | $567.58M | $219.64M | $236.33M | $299.21M | $103.90M | $66.94M | $96.07M | $127.05M | $108.58M |
| Accounts Receivable | $243.21M | $245.20M | $181.20M | $162.14M | $157.13M | $71.86M | $59.66M | $44.76M | $27.97M | $49.54M |
| Inventory | $207.96M | $150.19M | $116.68M | $90.03M | $53.23M | $31.56M | $25.91M | $31.51M | $40.79M | $46.02M |
| Accounts Payable | $93.82M | $64.10M | $54.90M | $56.16M | $36.80M | $38.47M | $13.42M | $10.29M | $7.92M | $6.07M |
| Current Assets | $1.79B | $1.24B | $803.61M | $713.53M | $619.15M | $542.35M | $530.26M | $511.44M | $320.65M | $328.23M |
| Total Assets | $2.04B | $1.45B | $905.17M | $809.26M | $719.92M | $644.87M | $601.93M | $592.47M | $395.70M | $397.29M |
| Current Liabilities | $165.19M | $140.37M | $108.39M | $107.71M | $80.73M | $69.42M | $44.62M | $40.20M | $31.21M | $31.03M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $188.45M | $163.20M | $123.79M | $127.67M | $101.69M | $91.76M | $61.73M | $58.50M | $48.27M | $49.65M |
| Stockholders' Equity | $1.85B | $1.29B | $781.38M | $681.58M | $618.23M | $553.10M | $540.20M | $533.97M | $347.44M | $347.63M |
| Retained Earnings | $220.01M | $62.87M | ($19.76M) | ($83.16M) | ($119.75M) | ($144.88M) | ($135.34M) | ($124.87M) | ($118.67M) | ($106.98M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $54.17M | - | - | ($7.24M) | - | - | $24.61M | - |
| Investing Cash Flow | - | - | ($67.82M) | - | - | $42.48M | - | - | ($6.61M) | - |
| Financing Cash Flow | - | - | ($2.97M) | - | - | $1.60M | - | - | $534.0K | - |
| CapEx | - | - | $2.82M | - | - | $5.86M | - | - | $5.31M | - |
| Free Cash Flow | - | - | $51.35M | - | - | ($13.10M) | - | - | $19.30M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 68.5% | 67.5% | 67.4% | 63.2% | 63.6% | 62.4% | 59.3% | 61.4% | 59.2% | 60.4% |
| Operating margin | 36.8% | 29.4% | 27.2% | -11.7% | 19.4% | -24.2% | -20.2% | -11.1% | -41.0% | -13.4% |
| EBITDA margin | 38.4% | 31.8% | 29.7% | -4.7% | 23.2% | -17.1% | -11.8% | -4.7% | -32.6% | -9.3% |
| Net margin | 38.6% | 30.8% | 28.4% | -5.9% | 21.7% | -16.0% | -15.0% | 0.8% | -33.3% | -15.5% |
| Free cash flow margin | - | - | 23.0% | - | - | -21.9% | - | - | 55.0% | - |
| FCF / Net income | - | - | 0.81 | - | - | 1.37 | - | - | -1.65 | - |
| R&D / Revenue | 19.3% | 21.6% | 23.5% | 44.1% | 26.9% | 50.9% | 49.4% | 45.7% | 64.5% | 44.7% |
| SG&A / Revenue | 12.5% | 16.5% | 16.7% | 30.8% | 17.4% | 35.7% | 30.1% | 26.8% | 35.7% | 29.2% |
| Effective tax rate | 1.2% | 1.3% | 2.0% | - | 2.5% | - | - | - | - | - |
| Return on assets | 7.7% | 5.7% | 7.0% | -0.5% | 4.1% | -1.5% | -1.1% | 0.1% | -3.0% | -1.0% |
| Return on equity | 8.5% | 6.4% | 8.1% | -0.6% | 4.7% | -1.7% | -1.2% | 0.1% | -3.4% | -1.2% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 10.82 | 8.86 | 7.41 | 6.62 | 7.67 | 7.81 | 11.88 | 12.72 | 10.27 | 10.58 |
| Quick ratio | 9.56 | 7.79 | 6.34 | 5.79 | 7.01 | 7.36 | 11.30 | 11.94 | 8.97 | 9.09 |
| Cash ratio | 7.39 | 4.04 | 2.03 | 2.19 | 3.71 | 1.50 | 1.50 | 2.39 | 4.07 | 3.50 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.10 | 1.13 | 1.16 | 1.19 | 1.16 | 1.17 | 1.11 | 1.11 | 1.14 | 1.14 |
| Liabilities / Assets | 0.09 | 0.11 | 0.14 | 0.16 | 0.14 | 0.14 | 0.10 | 0.10 | 0.12 | 0.12 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | 0.18 | 0.25 | 0.09 | 0.19 | 0.09 | 0.07 | 0.09 | 0.09 | 0.07 |
| Inventory turnover | 0.62 | 0.58 | 0.62 | 0.29 | 0.92 | 0.71 | 0.69 | 0.65 | 0.35 | 0.23 |
| Days sales outstanding | 218d | 334d | 296d | 822d | 425d | 439d | 495d | 308d | 291d | 684d |
| Days inventory outstanding | 592d | 630d | 586d | 1239d | 396d | 513d | 528d | 561d | 1041d | 1604d |
| Days payable outstanding | 267d | 269d | 276d | 773d | 274d | 626d | 273d | 183d | 202d | 211d |
| Cash conversion cycle | 543d | 695d | 607d | 1288d | 547d | 327d | 749d | 686d | 1130d | 2077d |
| Valuation | ||||||||||
| P / E | 152.8x | 426.4x | 316.4x | - | 437.6x | - | - | - | - | - |
| P / B | 13.0x | 27.4x | 25.4x | 11.8x | 20.7x | 7.6x | 5.2x | 6.5x | 7.3x | 1.6x |
| P / S | 59.1x | 131.4x | 89.0x | 111.5x | 94.6x | 70.1x | 63.3x | 65.7x | 71.9x | 21.2x |
| EV / EBITDA | 146.1x | 406.1x | 296.6x | - | 398.7x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 201.5% | 272.1% | 273.6% | 63.6% | 154.4% | 70.1% | 66.6% | -2.2% | 227.3% | - |
| Revenue CAGR (3y) | 95.7% | 116.5% | 175.0% | - | 61.9% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 224.5% | 297.8% | 303.3% | 74.3% | 163.9% | 79.3% | 63.7% | 1.8% | 301.4% | - |
| Operating income growth (YoY) | 471.2% | - | - | 5.3% | - | -0.4% | -149.7% | -104.8% | -23.7% | - |
| Net income growth (YoY) | 435.2% | - | - | 36.2% | 6759.8% | 18.4% | -61.5% | -84.8% | 7.0% | - |
| EPS growth (YoY) | 412.5% | - | - | 25.0% | - | 25.0% | 33.3% | - | 55.6% | - |
| EPS CAGR (3y) | 244.8% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 199.1% | 88.7% | 41.3% | 26.2% | 15.8% | 59.2% | 55.4% | 50.6% | 1.6% | 4.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-05-03.
Business segments
$436.77M totalReportable Segment$436.77M · 100.0%
Product / service
$436.77M totalProduct$412.18M · 94.4%
License$12.48M · 2.9%
Product Engineering Services$12.12M · 2.8%
Geographic
$436.77M totalHK$243.73M · 55.8%
CN$80.06M · 18.3%
US$65.10M · 14.9%
RESTOFTHEWORLD$44.27M · 10.1%
TW$3.62M · 0.8%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing Credo Technology Group Holding Ltd against the 5 most active filers in the same SIC group.