C 
Credo Technology Group Holding CRDO · USD
Information Technology · US listing · 🇺🇸 United States
132.89
+10.27%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$1.34bn
FY2020FY2026
Net income
$472.3m
FY2020FY2026
Free cash flow
$407.0m
FY2020FY2026
Shareholders' equity
$2.06bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.34bn | $436.8m | $193.0m | $184.2m | $106.5m | $58.7m | $53.8m |
| Gross profit | $908.3m | $282.9m | $119.4m | $106.2m | $64.0m | $38.3m | $46.1m |
| Research and development | $279.4m | $146.0m | $95.5m | $76.8m | $47.9m | $34.8m | $27.6m |
| Operating income | $445.0m | $38.0m | −$37.1m | −$21.2m | −$22.0m | −$25.2m | $2.1m |
| Net income | $472.3m | $52.2m | −$28.4m | −$16.5m | −$22.2m | −$27.5m | $1.3m |
| Diluted earnings per share | 2.43 | 0.28 | -0.17 | -0.11 | -0.15 | -0.19 | 0.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | $2.30bn | $809.3m | $601.9m | $397.3m | $375.7m | $155.5m | $108.0m |
| Cash and short-term investments | $1.44bn | $431.3m | $410.0m | $217.8m | $259.3m | $103.8m | $73.9m |
| Total liabilities | $232.0m | $127.7m | $61.7m | $49.7m | $41.5m | $210.9m | $117.4m |
| Debt | $4.8m | $3.3m | $2.7m | $2.6m | — | — | — |
| Shareholders' equity | $2.06bn | $681.6m | $540.2m | $347.6m | $334.2m | −$55.4m | −$9.4m |
| Shares outstanding | 194m | 188m | 166m | 150m | 146m | 145m | 70m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | $464.3m | $65.1m | $32.7m | −$24.6m | −$30.8m | −$42.4m | −$10.3m |
| Capital spending | −$57.3m | −$36.1m | −$15.7m | −$21.7m | −$17.6m | −$6.1m | −$8.8m |
| Free cash flow | $407.0m | $29.0m | $17.1m | −$46.3m | −$48.4m | −$48.4m | −$19.1m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $479.0m | $437.0m | $407.0m | $268.0m | $223.1m | $170.0m | $135.0m | $72.0m |
| Gross profit | $309.1m | $298.1m | $278.9m | $181.0m | $150.4m | $114.2m | $85.9m | $45.5m |
| Operating income | $120.7m | $155.8m | $149.6m | $78.8m | $60.7m | $34.7m | $26.2m | −$8.4m |
| Net income | $129.4m | $169.1m | $157.1m | $82.6m | $63.4m | $36.6m | $29.4m | −$4.2m |
| Diluted earnings per share | 0.67 | 0.87 | 0.81 | 0.44 | 0.34 | 0.19 | 0.16 | -0.03 |
| Cash from operations | $90.0m | $182.0m | $166.0m | $61.0m | $54.0m | $57.0m | $4.0m | $10.0m |
| Capital spending | −$7.0m | −$4.0m | −$26.0m | −$23.0m | −$2.0m | −$3.0m | −$4.0m | −$21.0m |
| Free cash flow | $83.0m | $178.0m | $140.0m | $38.0m | $52.0m | $54.0m | $0 | −$11.0m |
| Total assets | $3.01bn | $2.30bn | $2.04bn | $1.45bn | $905.2m | $809.3m | $719.9m | $638.6m |
| Cash and short-term investments | $764.3m | $1.44bn | $1.30bn | $813.6m | $479.6m | $431.3m | $379.2m | $383.0m |
| Debt | — | $4.8m | $3.7m | — | — | — | — | — |
| Shareholders' equity | $2.73bn | $2.06bn | $1.85bn | $1.29bn | $781.4m | $681.6m | $618.2m | $567.9m |
Financial ratios
Data as of 25 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 68.0% | 64.8% | 61.9% | 57.7% | 60.1% | 65.2% | — |
| Operating margin | 35.6% | 12.6% | -18.8% | -10.2% | -17.7% | -43.0% | — |
| Net margin | 35.4% | 11.9% | -14.7% | -9.0% | -20.8% | -46.9% | — |
| Return on equity | 22.9% | 7.7% | -5.3% | -4.8% | -6.6% | 49.6% | — |
| Return on assets | 20.6% | 6.4% | -4.7% | -4.2% | -5.9% | -17.7% | — |
| Free cash flow yield | 1.4% | 0.3% | 0.1% | -0.0% | -0.0% | -0.1% | — |
| Revenue growth | 205.7% | 126.3% | 4.8% | 73.0% | 81.4% | 9.0% | — |
| Earnings growth | 805.0% | -283.9% | 71.4% | -25.4% | -19.4% | -2170.1% | — |
| Current ratio | 10.15x | 6.62x | 11.88x | 10.58x | 12.54x | 11.00x | — |
| Debt to equity | 0.00x | 0.00x | 0.01x | 0.01x | 0.01x | — | -0.28x |
| Equity ratio | 89.9% | 84.2% | 89.7% | 87.5% | 88.9% | -35.6% | — |
| Interest coverage | — | — | — | -2.89x | -2.89x | -407.00x | — |
| R&D as a share of sales | 20.9% | 33.4% | 49.5% | 41.7% | 45.0% | 59.4% | — |
| Buybacks as a share of market value | -3.6% | -12.7% | -10.8% | -2.9% | -0.7% | -105.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 93.5% | 86.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 67.2% | 65.9% | 65.6% | — |
| Operating margin | 27.3% | 19.8% | 16.3% | — |
| Net margin | 29.6% | 22.3% | 18.6% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 56.2 | — | -394.4 | -176.8 | -46.6 |
| Price to sales | 19.9 | 61.8 | 58.0 | 15.9 | 9.7 |
Market value over time
31 Jan 2022 to 24 Sept 2026, in USD
$894.6m$38.09bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Return | 109% | 243% | 176% | 13% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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