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Credo Technology Group Holding Ltd(CRDO)Earnings, Financials & Key Ratios
CRDO•NASDAQ
$198.29
$36.53B mkt cap·683.8× P/E·Price updated May 6, 2026
AboutCredo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies. The company also offers intellectual property solutions consist of SerDes IP licensing. The company was founded in 2008 and is headquartered in San Jose, California.Show more
- Revenue$437M+126.3%
- EBITDA$59M+353.6%
- Net Income$52M+283.9%
- EPS (Diluted)0.29+261.1%
- Gross Margin64.77%+4.7%
- EBITDA Margin13.52%+212.1%
- Operating Margin8.5%+144.3%
- Net Margin11.95%+181.3%
- ROE8.54%+233.7%
- ROIC5.87%+178.3%
- Debt/Equity0.02-8.4%
CRDO Key Insights
Credo Technology Group Holding Ltd (CRDO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong 5Y profit CAGR of 108.4%
- ✓Strong Piotroski F-Score: 7/9
- ✓Momentum leader: RS Rating 89 (top 11%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 52.0%
✗Weaknesses
- ✗Shares diluted 16.8% in last year
- ✗Expensive at 52.7x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CRDO Price & Volume
Credo Technology Group Holding Ltd (CRDO) stock price & volume — 10-year historical chart
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CRDO Growth Metrics
Credo Technology Group Holding Ltd (CRDO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years52%
3 Years60.08%
TTM226.12%
Profit CAGR
10 Years-
5 Years108.35%
3 Years-
TTM6538.63%
EPS CAGR
10 Years-
5 Years73.78%
3 Years-
TTM13962.5%
Return on Capital
10 Years-6.06%
5 Years-7.74%
3 Years-2.69%
Last Year5.9%
CRDO Recent Earnings
Credo Technology Group Holding Ltd (CRDO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Mar 2, 2026EPS
$1.07
Est $0.91
+17.3%
Revenue
$407M
Est $406M
+0.2%
Q4 2025
Dec 1, 2025EPS
$0.67
Est $0.49
+36.2%
Revenue
$268M
Est $235M
+14.1%
Q4 2025
Sep 3, 2025EPS
$0.52
Est $0.36
+43.9%
Revenue
$223M
Est $191M
+17.0%
Q3 2025
Jun 2, 2025EPS
$0.35
Est $0.27
+27.8%
Revenue
$170M
Est $160M
+6.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 2, 2026 | $1.07vs $0.91+17.3% | $407Mvs $406M+0.2% |
| Q4 2025 | Dec 1, 2025 | $0.67vs $0.49+36.2% | $268Mvs $235M+14.1% |
| Q4 2025 | Sep 3, 2025 | $0.52vs $0.36+43.9% | $223Mvs $191M+17.0% |
| Q3 2025 | Jun 2, 2025 | $0.35vs $0.27+27.8% | $170Mvs $160M+6.5% |
Based on last 12 quarters of dataView full earnings history →
CRDO Peer Comparison
Credo Technology Group Holding Ltd (CRDO) competitors in Optical Transport and Fiber Access — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MRVL | 149.08B | 172.15 | 56.07 | 42.09% | 32.58% | 19.38% | 0.31 | |
 MTSI | 23.24B | 309.81 | -424.40 | 32.58% | 15.88% | 11.98% | 0.41 | |
 CIEN | 81.59B | 576.79 | 678.58 | 18.79% | 4.47% | 8.26% | 0.58 | |
 LITE | 67.42B | 944.28 | 2552.11 | 21.03% | 17.68% | 30.68% | 2.30 | |
 AVGO | 2.02T | 425.44 | 89.19 | 23.87% | 36.57% | 32.86% | 0.80 | |
 SLAB | 7.14B | 216.54 | -109.36 | 34.29% | -8.27% | -5.93% | ||
 MPWR | 81.16B | 1652.35 | 129.60 | 26.43% | 22.07% | 17.89% | 0.01 | |
 ALGM | 9.52B | 51.37 | -131.72 | -30.91% | -1.57% | -1.37% | 0.40 |
Compare CRDO vs Peers
Credo Technology Group Holding Ltd (CRDO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CRDO Income Statement
Credo Technology Group Holding Ltd (CRDO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Apr'20 | Apr'21 | Apr'22 | Apr'23 | Apr'24 | Apr'25 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 53.84M | 58.7M | 106.48M | 184.19M | 192.97M | 436.77M | 1.07B |
| Revenue Growth % | - | 9.03% | 81.4% | 72.99% | 4.76% | 126.34% | 226.12% |
| Cost of Goods Sold | 7.73M | 20.42M | 42.46M | 78M | 73.54M | 153.87M | 343.67M |
| COGS % of Revenue | 14.36% | 34.79% | 39.88% | 42.35% | 38.11% | 35.23% | - |
| Gross Profit | 46.11M▲ 0% | 38.28M▼ 17.0% | 64.02M▲ 67.2% | 106.19M▲ 65.9% | 119.43M▲ 12.5% | 282.91M▲ 136.9% | 724.47M▲ 0% |
| Gross Margin % | 85.64% | 65.21% | 60.12% | 57.65% | 61.89% | 64.77% | 67.83% |
| Gross Profit Growth % | - | -16.98% | 67.24% | 65.89% | 12.46% | 136.88% | - |
| Operating Expenses | 44.03M | 63.51M | 85.98M | 127.43M | 156.49M | 245.78M | 401.52M |
| OpEx % of Revenue | 81.8% | 108.2% | 80.75% | 69.18% | 81.09% | 56.27% | - |
| Selling, General & Admin | 16.47M | 28.67M | 34.9M | 48.25M | 60.19M | 98.92M | 164.22M |
| SG&A % of Revenue | 30.6% | 48.84% | 32.78% | 26.19% | 31.19% | 22.65% | - |
| Research & Development | 27.56M | 34.84M | 47.95M | 76.77M | 95.53M | 145.99M | 236.43M |
| R&D % of Revenue | 51.2% | 59.36% | 45.03% | 41.68% | 49.51% | 33.43% | - |
| Other Operating Expenses | 0 | 0 | 3.13M | 2.41M | 765K | 873K | 873K |
| Operating Income | 2.07M▲ 0% | -25.23M▼ 1318.4% | -21.97M▲ 12.9% | -21.23M▲ 3.3% | -37.06M▼ 74.5% | 37.12M▲ 200.2% | 322.95M▲ 0% |
| Operating Margin % | 3.85% | -42.99% | -20.63% | -11.53% | -19.2% | 8.5% | 30.23% |
| Operating Income Growth % | - | -1318.45% | 12.94% | 3.34% | -74.51% | 200.18% | - |
| EBITDA | 3.88M | -23.02M | -17.18M | -11.72M | -23.29M | 59.06M | 340.06M |
| EBITDA Margin % | 7.21% | -39.21% | -16.13% | -6.36% | -12.07% | 13.52% | 31.84% |
| EBITDA Growth % | - | -692.58% | 25.38% | 31.76% | -98.68% | 353.63% | 2433.63% |
| D&A (Non-Cash Add-back) | 1.81M | 2.22M | 4.79M | 9.51M | 13.77M | 21.94M | 7.66M |
| EBIT | 2.07M | -25.23M | -18.83M | -18.83M | -36.29M | 38M | 342.12M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 24K | -62K | -245K | 3.32M | 14.31M | 17.75M | 22.11M |
| Pretax Income | 2.1M▲ 0% | -25.3M▼ 1307.4% | -22.21M▲ 12.2% | -17.91M▲ 19.4% | -22.75M▼ 27.0% | 54.87M▲ 341.2% | 345.06M▲ 0% |
| Pretax Margin % | 3.89% | -43.1% | -20.86% | -9.73% | -11.79% | 12.56% | 32.31% |
| Income Tax | 766K | 2.21M | -37K | -1.37M | 5.62M | 2.69M | 5.3M |
| Effective Tax Rate % | 36.56% | -8.76% | 0.17% | 7.63% | -24.73% | 4.9% | 1.54% |
| Net Income | 1.33M▲ 0% | -27.51M▼ 2170.1% | -22.18M▲ 19.4% | -16.55M▲ 25.4% | -28.37M▼ 71.4% | 52.18M▲ 283.9% | 339.76M▲ 0% |
| Net Margin % | 2.47% | -46.87% | -20.83% | -8.98% | -14.7% | 11.95% | 31.81% |
| Net Income Growth % | - | -2170.05% | 19.39% | 25.38% | -71.45% | 283.94% | 6538.63% |
| Net Income (Continuing) | 1.33M | -27.51M | -22.18M | -16.55M | -28.37M | 52.18M | 36.59M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.02▲ 0% | -0.20▼ 1192.9% | -0.15▲ 25.0% | -0.11▲ 26.7% | -0.18▼ 63.6% | 0.29▲ 261.1% | 1.82▲ 0% |
| EPS Growth % | - | -1192.9% | 25% | 26.67% | -63.64% | 261.11% | 13962.5% |
| EPS (Basic) | 0.02 | -0.20 | -0.16 | -0.11 | -0.18 | 0.31 | - |
| Diluted Shares Outstanding | 72.68M | 139.95M | 145.01M | 146.56M | 155.09M | 181.16M | 186.6M |
| Basic Shares Outstanding | 72.68M | 139.95M | 142.51M | 146.56M | 155.09M | 167.5M | 176.49M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
CRDO Balance Sheet
Credo Technology Group Holding Ltd (CRDO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Apr'20 | Apr'21 | Apr'22 | Apr'23 | Apr'24 | Apr'25 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 95.84M | 137.8M | 332.18M | 328.23M | 530.26M | 713.53M | 1.79B |
| Cash & Short-Term Investments | 73.91M | 103.76M | 259.32M | 217.81M | 410M | 431.34M | 1.3B |
| Cash Only | 73.91M | 103.76M | 259.32M | 108.58M | 66.94M | 236.33M | 1.22B |
| Short-Term Investments | 0 | 0 | 0 | 109.23M | 343.06M | 195.01M | 81M |
| Accounts Receivable | 18.04M | 18.21M | 39.59M | 58.99M | 81.22M | 162.14M | 243.21M |
| Days Sales Outstanding | 122.3 | 113.22 | 135.73 | 116.89 | 153.63 | 135.5 | 71.98 |
| Inventory | 2.28M | 7.1M | 27.34M | 46.02M | 25.91M | 90.03M | 207.96M |
| Days Inventory Outstanding | 107.48 | 126.99 | 234.99 | 215.36 | 128.59 | 213.57 | 149.98 |
| Other Current Assets | 248K | 1.14M | 1.26M | 5.41M | 13.13M | 27.82M | 33.96M |
| Total Non-Current Assets | 12.2M | 17.69M | 43.51M | 69.06M | 71.67M | 95.72M | 250.75M |
| Property, Plant & Equipment | 10.69M | 14.23M | 38.8M | 55.08M | 56.74M | 78.86M | 121.51M |
| Fixed Asset Turnover | 5.04x | 4.12x | 2.74x | 3.34x | 3.40x | 5.54x | 11.06x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 70.86M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 17.62M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 533K | 3.43M | 4.71M | 13.97M | 14.93M | 16.86M | 93.1M |
| Total Assets | 108.04M▲ 0% | 155.49M▲ 43.9% | 375.69M▲ 141.6% | 397.29M▲ 5.7% | 601.93M▲ 51.5% | 809.26M▲ 34.4% | 2.04B▲ 0% |
| Asset Turnover | 0.50x | 0.38x | 0.28x | 0.46x | 0.32x | 0.54x | 0.82x |
| Asset Growth % | - | 43.92% | 141.62% | 5.75% | 51.51% | 34.44% | 384.77% |
| Total Current Liabilities | 18.57M | 12.53M | 26.5M | 31.03M | 44.62M | 107.71M | 165.19M |
| Accounts Payable | 2.45M | 3.59M | 8.49M | 6.07M | 13.42M | 56.16M | 93.82M |
| Days Payables Outstanding | 115.8 | 64.17 | 72.95 | 28.39 | 66.59 | 133.22 | 71.42 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 4.55M | 4.12M | 1.23M | 4.04M | 3.9M | 0 | 3.1M |
| Other Current Liabilities | 9.43M | 1.55M | 4.71M | 6.47M | 9M | 17.43M | 71.37M |
| Current Ratio | 5.16x | 11.00x | 12.54x | 10.58x | 11.88x | 6.62x | 6.62x |
| Quick Ratio | 5.04x | 10.43x | 11.50x | 9.09x | 11.30x | 5.79x | 5.79x |
| Cash Conversion Cycle | 113.99 | 176.03 | 297.76 | 303.86 | 215.63 | 215.85 | 150.54 |
| Total Non-Current Liabilities | 98.87M | 198.39M | 15.03M | 18.62M | 17.11M | 19.96M | 23.26M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 12.62M |
| Capital Lease Obligations | 0 | 0 | 14.81M | 12.87M | 11.13M | 12.69M | 37.85M |
| Deferred Tax Liabilities | 0 | 424K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 98.87M | 197.97M | 220K | 5.37M | 5.85M | 7.27M | 31M |
| Total Liabilities | 117.45M | 210.92M | 41.53M | 49.65M | 61.73M | 127.67M | 188.45M |
| Total Debt | 0 | 0 | 17.19M | 15.5M | 13.87M | 16.04M | 12.62M |
| Net Debt | -73.91M | -103.76M | -242.13M | -93.08M | -53.07M | -220.29M | -1.21B |
| Debt / Equity | - | - | 0.05x | 0.04x | 0.03x | 0.02x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | 0.27x | 0.04x |
| Net Debt / EBITDA | -19.03x | - | - | - | - | -3.73x | -3.73x |
| Interest Coverage | - | - | - | - | - | - | - |
| Total Equity | -9.41M▲ 0% | -55.43M▼ 489.2% | 334.16M▲ 702.8% | 347.63M▲ 4.0% | 540.2M▲ 55.4% | 681.58M▲ 26.2% | 1.85B▲ 0% |
| Equity Growth % | - | -489.19% | 702.85% | 4.03% | 55.39% | 26.17% | 392.97% |
| Book Value per Share | -0.13 | -0.40 | 2.30 | 2.37 | 3.48 | 3.76 | 9.91 |
| Total Shareholders' Equity | -9.41M | -55.43M | 334.16M | 347.63M | 540.2M | 681.58M | 1.85B |
| Common Stock | 4K | 3K | 7K | 7K | 8K | 8K | 9K |
| Retained Earnings | -18.77M | -68.25M | -90.43M | -106.98M | -135.34M | -83.16M | 220.01M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -151K | 227K | 23K | -191K | -519K | -437K | 2.08M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CRDO Cash Flow Statement
Credo Technology Group Holding Ltd (CRDO) cash flow — operating, investing & free cash flow history
| Line item | Apr'20 | Apr'21 | Apr'22 | Apr'23 | Apr'24 | Apr'25 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -10.25M | -42.36M | -30.83M | -24.61M | 32.74M | 65.08M | 65.08M |
| Operating CF Margin % | -19.05% | -72.17% | -28.96% | -13.36% | 16.96% | 14.9% | - |
| Operating CF Growth % | - | -313.16% | 27.22% | 20.16% | 233% | 98.81% | 6485.38% |
| Net Income | 1.33M | -27.51M | -22.18M | -16.55M | -28.37M | 52.18M | 339.76M |
| Depreciation & Amortization | 1.81M | 2.22M | 4.79M | 9.51M | 13.77M | 21.94M | 26.44M |
| Stock-Based Compensation | 1.25M | 2.57M | 9.19M | 23.52M | 39.02M | 77.36M | 160.8M |
| Deferred Taxes | -76K | 1.37M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 229K | -1.37M | 6.97M | 9.32M | 9.04M | 22.01M | -135.44M |
| Working Capital Changes | -14.79M | -19.64M | -29.61M | -50.42M | -731K | -108.4M | -51.69M |
| Change in Receivables | -10.55M | 682K | -15.88M | -20.02M | -10.12M | -102.48M | -94.06M |
| Change in Inventory | 1.3M | -4.83M | -21.68M | -24.38M | 15.76M | -70.47M | -26.96M |
| Change in Payables | 1.01M | 1.34M | 4.75M | -3.84M | 8.81M | 41.93M | 55.89M |
| Cash from Investing | -8.83M | -6.06M | -17.58M | -130.94M | -249.49M | 111.99M | -139.74M |
| Capital Expenditures | -8.83M | -6.06M | -17.58M | -21.71M | -15.65M | -36.06M | -56.18M |
| CapEx % of Revenue | 16.41% | 10.32% | 16.51% | 11.79% | 8.11% | 8.26% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | -82.56M |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 61.21M | 77.89M | 204.18M | 4.88M | 175.28M | -7.73M | 720.99M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 0 | 1000K | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -22.91M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 721K | 1.45M | 2.73M | 4.88M | 1.84M | -7.73M | 720.99M |
| Net Change in Cash | 42.15M▲ 0% | 29.85M▼ 29.2% | 155.56M▲ 421.2% | -150.74M▼ 196.9% | -41.64M▲ 72.4% | 169.39M▲ 506.8% | 921.26M▲ 0% |
| Free Cash Flow | -19.09M▲ 0% | -48.42M▼ 153.7% | -48.41M▲ 0.0% | -46.33M▲ 4.3% | 17.09M▲ 136.9% | 29.02M▲ 69.9% | 283.69M▲ 0% |
| FCF Margin % | -35.45% | -82.49% | -45.47% | -25.15% | 8.85% | 6.64% | 26.56% |
| FCF Growth % | - | -153.69% | 0.01% | 4.3% | 136.88% | 69.87% | 1273.11% |
| FCF per Share | -0.26 | -0.35 | -0.33 | -0.32 | 0.11 | 0.16 | 0.16 |
| FCF Conversion (FCF/Net Income) | -7.71x | 1.54x | 1.39x | 1.49x | -1.15x | 1.25x | 0.83x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 595K | 1.22M | 427K | 1.2M | 1.05M | 1.45M | 0 |
CRDO Key Ratios
Credo Technology Group Holding Ltd (CRDO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -15.91% | -4.85% | -6.39% | 8.54% | 29.56% |
| Return on Invested Capital (ROIC) | - | -17.9% | -9.19% | -7.49% | 5.87% | 5.87% |
| Gross Margin | 65.21% | 60.12% | 57.65% | 61.89% | 64.77% | 67.83% |
| Net Margin | -46.87% | -20.83% | -8.98% | -14.7% | 11.95% | 31.81% |
| Debt / Equity | - | 0.05x | 0.04x | 0.03x | 0.02x | 0.02x |
| FCF Conversion | 1.54x | 1.39x | 1.49x | -1.15x | 1.25x | 0.83x |
| Revenue Growth | 9.03% | 81.4% | 72.99% | 4.76% | 126.34% | 226.12% |
CRDO SEC Filings & Documents
Credo Technology Group Holding Ltd (CRDO) SEC filings — annual & quarterly reports (10-K, 10-Q)
CRDO Frequently Asked Questions
Credo Technology Group Holding Ltd (CRDO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Credo Technology Group Holding Ltd (CRDO) reported $1.07B in revenue for fiscal year 2025. This represents a 1884% increase from $53.8M in 2020.
Credo Technology Group Holding Ltd (CRDO) grew revenue by 126.3% over the past year. This is strong growth.
Yes, Credo Technology Group Holding Ltd (CRDO) is profitable, generating $339.8M in net income for fiscal year 2025 (11.9% net margin).
Dividend & Returns
Credo Technology Group Holding Ltd (CRDO) has a return on equity (ROE) of 8.5%. This is below average, suggesting room for improvement.
Credo Technology Group Holding Ltd (CRDO) generated $283.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More CRDO
Credo Technology Group Holding Ltd (CRDO) financial analysis — history, returns, DCA and operating performance tools
Full CRDO Stock Analysis
Analyst verdict, bull/bear case, risk factors and peer comparison
Total Return Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates