Credo Technology Group (CRDO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 1, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Sep 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CRDO SEC filings page.
Credo Technology Group (CRDO) reported $1.3B in revenue over the twelve months to Aug 1, 2026, up 205.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Rapid scale has converted into higher margins and cash generation without requiring heavy balance-sheet leverage.
In FY2024, the company reported a net loss of$28.4M but generated operating cash flow of$32.7M , indicating cash conversion improved before reported profitability arrived. By FY2026, operating cash flow of$464M nearly matched net income of$472M , showing the earnings inflection was accompanied by cash rather than confined to accounting results.
Revenue reached
FY2026 liabilities were
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Credo Technology Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Credo Technology Group has an operating margin of 33.3%, meaning the company retains $33 of operating profit per $100 of revenue. This results in a moderate score of 57/100, indicating healthy but not exceptional operating efficiency. This is up from 8.5% the prior year.
Credo Technology Group's revenue surged 205.7% year-over-year to $1.3B, reflecting rapid business expansion. This strong growth earns a score of 99/100.
Credo Technology Group carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 10.15, Credo Technology Group holds $10.15 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 98/100.
Credo Technology Group converts 30.5% of revenue into free cash flow ($407.0M). This strong cash generation earns a score of 85/100.
Credo Technology Group's ROE of 22.9% shows moderate profitability relative to equity, earning a score of 51/100. This is up from 7.7% the prior year.
Credo Technology Group scores 104.56, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($39.5B) relative to total liabilities ($232.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Credo Technology Group passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Credo Technology Group generates $0.98 in operating cash flow ($464.3M OCF vs $472.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Credo Technology Group generated $479.0M in revenue in Q1 2027. This represents an increase of 114.7% from the same quarter a year earlier. Against the prior quarter it is up 164.5%.
Credo Technology Group's EBITDA was $129.3M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 95.3% from the same quarter a year earlier. Against the prior quarter it is up 18.9%.
Credo Technology Group reported $129.4M in net income in Q1 2027. This represents an increase of 104.1% from the same quarter a year earlier. Against the prior quarter it is up 25.6%.
Credo Technology Group earned $0.67 per diluted share (EPS) in Q1 2027. This represents an increase of 97.1% from the same quarter a year earlier.
Cash & Balance Sheet
Credo Technology Group generated $82.9M in free cash flow in Q1 2027, representing cash available after capex. This represents an increase of 61.5% from the same quarter a year earlier. Against the prior quarter it is down 53.3%.
Credo Technology Group held $466.9M in cash as of Q1 2027; long-term debt is not reported for that period.
Not reported for Q1 2027.
Margins & Returns
Credo Technology Group's gross margin was 64.5% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 12.4 percentage points.
Credo Technology Group's operating margin was 25.2% in Q1 2027, reflecting core business profitability. This is down 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 27.7 percentage points.
Credo Technology Group's net profit margin was 27.0% in Q1 2027, showing the share of revenue converted to profit. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 29.9 percentage points.
Credo Technology Group's ROE was 4.7% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Capital Allocation
Credo Technology Group invested $114.5M in research and development in Q1 2027. This represents an increase of 118.4% from the same quarter a year earlier. Against the prior quarter it is up 302.4%.
Credo Technology Group invested $7.3M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 158.1% from the same quarter a year earlier. Against the prior quarter it is up 52.6%.
Not reported for Q1 2027.
CRDO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $479.0M+114.7% | $181.1M+2616.8% | $407.0M+201.5% | $268.0M+272.1% | $223.1M+273.6% | $6.7M-89.0% | $135.0M+154.4% | $72.0M+63.6% |
| Cost of Revenue | $169.9M+133.7% | $41.7M+650.1% | $128.1M+161.1% | $87.0M+228.0% | $72.7M+224.1% | $5.6M-73.3% | $49.1M+139.4% | $26.5M+48.0% |
| Gross Profit | $309.1M+105.5% | $139.4M+12534.2% | $278.9M+224.5% | $181.0M+297.8% | $150.4M+303.3% | $1.1M-97.2% | $85.9M+163.9% | $45.5M+74.3% |
| R&D Expenses | $114.5M+118.4% | $28.5M+7.7% | $78.5M+116.4% | $57.9M+82.5% | $52.4M+72.5% | $26.4M-4.6% | $36.3M+49.6% | $31.7M+46.0% |
| SG&A Expenses | $73.9M+98.7% | $15.0M-6.7% | $50.8M+116.3% | $44.3M+99.9% | $37.2M+74.3% | $16.1M-20.2% | $23.5M+64.9% | $22.2M+67.3% |
| Operating Income | $120.7M+98.7% | $95.9M+331.6% | $149.6M+471.2% | $78.8M+1037.3% | $60.7M+520.3% | -$41.4M-425.4% | $26.2M+543.1% | -$8.4M+5.3% |
| EBITDA | $129.3M+95.3% | $108.7M+410.4% | $156.3M+399.5% | $85.3M+2603.6% | $66.2M+747.9% | -$35.0M-742.0% | $31.3M+1346.3% | -$3.4M+34.2% |
| Income Tax | -$585K-145.4% | $753K+112.7% | $1.9M+157.8% | $1.0M+259.2% | $1.3M+107.2% | $354K-95.4% | $752K+136.7% | $292K-35.1% |
| Net Income | $129.4M+104.1% | $103.1M+383.6% | $157.1M+435.2% | $82.6M+2055.9% | $63.4M+764.6% | -$36.4M-247.0% | $29.4M+6759.8% | -$4.2M+36.2% |
| EPS (Basic) | $0.70+89.2% | $0.93+322.7% | $0.86+405.9% | $0.47+1666.7% | $0.37+716.7% | $0.22+466.7% | $0.17 | -$0.03+25.0% |
| EPS (Diluted) | $0.67+97.1% | $0.89+345.0% | $0.82+412.5% | $0.44+1566.7% | $0.34+666.7% | $0.20+433.3% | $0.16 | -$0.03+25.0% |
| Diluted Shares (Avg) | 194M+5.3% | N/A | 192M+5.2% | 188M+12.7% | 185M+11.8% | N/A | 182M+9.2% | 166M+10.8% |
Not reported in any period shown, so not listed: Interest Expense.
CRDO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.0B+232.8% | $2.3B+183.7% | $2.0B+183.0% | $1.4B+127.0% | $905.2M+40.4% | $809.3M+34.4% | $719.9M+21.5% | $638.6M+57.4% |
| Current Assets | $1.5B+82.5% | $2.0B+180.4% | $1.8B+188.6% | $1.2B+131.0% | $803.6M+48.2% | $713.5M+34.6% | $619.1M+21.1% | $538.3M+63.9% |
| Cash & Equivalents | $466.9M+112.6% | $1.2B+392.9% | $1.2B+307.9% | $567.6M+137.2% | $219.6M+111.4% | $236.3M+253.0% | $299.2M+211.4% | $239.2M+85.5% |
| Short-Term Investments | $297.4M+14.4% | $278.3M+42.7% | $81.0M+1.3% | $246.0M+71.2% | $260.0M-11.8% | $195.0M-43.2% | $80.0M-74.4% | $143.7M+28.9% |
| Inventory | $313.1M+168.3% | $250.8M+178.6% | $208.0M+290.7% | $150.2M+313.6% | $116.7M+269.7% | $90.0M+247.5% | $53.2M+68.9% | $36.3M+1.5% |
| Accounts Receivable | $288.8M+59.4% | $233.4M+43.9% | $243.2M+54.8% | $245.2M+199.8% | $181.2M+152.2% | $162.1M+171.8% | $157.1M+251.1% | $81.8M+149.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $986.4M | $92.8M | $70.9M | $68.9M | N/A | $0 | N/A | N/A |
| Total Liabilities | $284.2M+129.6% | $232.0M+81.7% | $188.5M+85.3% | $163.2M+131.0% | $123.8M+34.9% | $127.7M+106.8% | $101.7M+73.8% | $70.6M+25.6% |
| Current Liabilities | $198.2M+82.8% | $197.1M+83.0% | $165.2M+104.6% | $140.4M+182.7% | $108.4M+56.1% | $107.7M+141.4% | $80.7M+100.8% | $49.6M+33.3% |
| Non-Current Liabilities | $86.1M+458.7% | $34.9M+74.9% | $23.3M+11.0% | $22.8M+8.7% | $15.4M-31.1% | $20.0M+16.7% | $21.0M+14.5% | $21.0M+10.4% |
| Total Equity | $2.7B+249.2% | $2.1B+202.8% | $1.8B+199.1% | $1.3B+126.5% | $781.4M+41.3% | $681.6M+26.2% | $618.2M+15.8% | $567.9M+62.5% |
| Retained Earnings | $518.5M+2723.8% | $389.1M+567.9% | $220.0M+283.7% | $62.9M+142.2% | -$19.8M+86.4% | -$83.2M+38.6% | -$119.8M+4.1% | -$149.1M-19.0% |
Not reported in any period shown, so not listed: Long-Term Debt.
CRDO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $90.2M+66.6% | $182.2M+215.2% | $166.2M+3846.3% | $61.7M+499.6% | $54.2M+848.6% | $57.8M+1291.0% | $4.2M+506.6% | $10.3M+105.4% |
| Depreciation & Amortization | $8.6M+57.6% | $15.9M+107.1% | $6.7M+31.4% | $6.5M+30.0% | $5.5M+29.0% | $7.7M+107.7% | $5.1M+50.0% | $5.0M+35.1% |
| Stock-Based Compensation | $88.0M+148.1% | N/A | $52.2M+222.2% | $45.3M+172.0% | $35.5M+113.1% | N/A | $16.2M+94.3% | $16.7M+104.6% |
| Capital Expenditures | $7.3M+158.1% | $4.8M+30.6% | $26.5M+477.0% | $23.2M+5.6% | $2.8M-51.9% | $3.7M+14.4% | $4.6M-9.9% | $21.9M+973.3% |
| Free Cash Flow | $82.9M+61.5% | $177.5M+227.6% | $139.7M+36576.0% | $38.5M+429.9% | $51.3M+492.0% | $54.2M+5530.7% | -$383K+93.8% | -$11.7M-493.6% |
| Investing Cash Flow | -$762.0M-1023.5% | -$232.5M-95.9% | $138.5M+134.2% | -$91.7M-171.1% | -$67.8M-259.6% | -$118.7M-257.5% | $59.1M+128.6% | $129.1M+4338.2% |
| Financing Cash Flow | -$26.7M-797.6% | -$5.3M-170.2% | $348.0M+10538.9% | $377.9M+9486.3% | -$3.0M-285.2% | -$2.0M-28271.4% | -$3.3M-101.9% | -$4.0M-3196.9% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CRDO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.5%-2.9pp | 77.0%+60.4pp | 68.5%+4.9pp | 67.5%+4.4pp | 67.4%+5.0pp | 16.6%-49.2pp | 63.6%+2.3pp | 63.2%+3.9pp |
| Operating Margin | 25.2%-2.0pp | 52.9% | 36.8%+17.4pp | 29.4%+41.1pp | 27.2%+51.4pp | -621.2% | 19.4%+30.5pp | -11.7%+8.5pp |
| Net Margin | 27.0%-1.4pp | 56.9% | 38.6%+16.9pp | 30.8%+36.7pp | 28.4%+44.4pp | -545.4% | 21.8%+20.9pp | -5.9%+9.2pp |
| Return on Equity | 4.7%-3.4pp | 5.0%+10.3pp | 8.5%+3.8pp | 6.4%+7.2pp | 8.1%+9.8pp | -5.3%-3.4pp | 4.8%+4.7pp | -0.7%+1.1pp |
| Return on Assets | 4.3%-2.7pp | 4.5%+9.0pp | 7.7%+3.6pp | 5.7%+6.4pp | 7.0%+8.5pp | -4.5%-2.8pp | 4.1%+4.0pp | -0.7%+1.0pp |
| Current Ratio | 7.400.0x | 10.15+3.5x | 10.82+3.1x | 8.86-2.0x | 7.41-0.4x | 6.62-5.3x | 7.67-5.1x | 10.84+2.0x |
| Debt-to-Equity | 0.10-0.1x | 0.11-0.1x | 0.10-0.1x | 0.130.0x | 0.160.0x | 0.19+0.1x | 0.16+0.1x | 0.120.0x |
| Asset Turnover | 0.16-0.1x | 0.08+0.1x | 0.200.0x | 0.18+0.1x | 0.25+0.2x | 0.01-0.1x | 0.19+0.1x | 0.110.0x |
| FCF Margin | 17.3%-5.7pp | 98.0% | 34.3%+34.6pp | 14.4%+30.6pp | 23.0%+45.0pp | 812.7% | -0.3%+11.3pp | -16.2%-22.9pp |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Credo Technology Group CRDO | FY2026 | $1.3B | $472.3M | 35.4% | $39.5B | 78/100 |
| Astera Labs ALAB | FY2025 | $852.5M | $219.1M | 25.7% | $61.8B | 76/100 |
| ASE Technology Holding Co., Ltd. ASX | FY2025 | $20.6B | $1.3B | 6.4% | $115.8B | 32/100 |
| Microchip Technology Inc MCHP | FY2026 | $4.7B | $230.0M | 4.9% | $42.2B | 48/100 |
| STMicroelectronics N.V. STM | FY2025 | $11.8B | $166.0M | 1.4% | $47.6B | 49/100 |
| ON Semiconductor Corp ON | FY2025 | $6.0B | $121.0M | 2.0% | $29.9B | 59/100 |
Where Credo Technology Group Ranks
Frequently Asked Questions
What is Credo Technology Group's annual revenue?
Credo Technology Group (CRDO) reported $1.3B in total revenue for fiscal year 2026. This represents a 205.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Credo Technology Group's revenue growing?
Credo Technology Group (CRDO) revenue grew by 205.7% year-over-year, from $436.8M to $1.3B in fiscal year 2026.
Is Credo Technology Group profitable?
Yes, Credo Technology Group (CRDO) reported a net income of $472.3M in fiscal year 2026, with a net profit margin of 35.4%.
What is Credo Technology Group's EBITDA?
Credo Technology Group (CRDO) had EBITDA of $479.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Credo Technology Group's gross margin?
Credo Technology Group (CRDO) had a gross margin of 68.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Credo Technology Group's operating margin?
Credo Technology Group (CRDO) had an operating margin of 33.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Credo Technology Group's net profit margin?
Credo Technology Group (CRDO) had a net profit margin of 35.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Credo Technology Group's return on equity (ROE)?
Credo Technology Group (CRDO) has a return on equity of 22.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Credo Technology Group's free cash flow?
Credo Technology Group (CRDO) generated $407.0M in free cash flow during fiscal year 2026. This represents a 1302.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Credo Technology Group's operating cash flow?
Credo Technology Group (CRDO) generated $464.3M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Credo Technology Group's total assets?
Credo Technology Group (CRDO) had $2.3B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Credo Technology Group's capital expenditures?
Credo Technology Group (CRDO) invested $57.3M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Credo Technology Group spend on research and development?
Credo Technology Group (CRDO) invested $279.4M in research and development during fiscal year 2026.
What is Credo Technology Group's current ratio?
Credo Technology Group (CRDO) had a current ratio of 10.15 as of fiscal year 2026, which is generally considered healthy.
What is Credo Technology Group's debt-to-equity ratio?
Credo Technology Group (CRDO) had a debt-to-equity ratio of 0.11 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Credo Technology Group's return on assets (ROA)?
Credo Technology Group (CRDO) had a return on assets of 20.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Credo Technology Group's P/E ratio?
Credo Technology Group (CRDO) trades at 83.6x earnings, its market capitalization divided by net income of $472.3M net income, trailing 12 months to August 1, 2026. The market capitalization is $39.5B as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Credo Technology Group's price-to-sales ratio?
Credo Technology Group (CRDO) trades at 29.6x sales, its market capitalization divided by revenue of $1.3B revenue, trailing 12 months to August 1, 2026. The market capitalization is $39.5B as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Credo Technology Group's Altman Z-Score?
Credo Technology Group (CRDO) has an Altman Z-Score of 104.56, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Credo Technology Group's Piotroski F-Score?
Credo Technology Group (CRDO) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Credo Technology Group's earnings high quality?
Credo Technology Group (CRDO) has an earnings quality ratio of 0.98x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Credo Technology Group?
Credo Technology Group (CRDO) scores 78 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.