InsiderClue
Stocks · Technology · Semiconductors & Related Devices

Credo Technology Group Holding Ltd

CRDO Clue Score80
Cayman Islands Fiscal year ends April CIK 0001807794
$216.55 +2.21% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $216.55 +1,201.38% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 27 Jan 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue53.8Operating income2.1Net income1.3EPS, diluted0.00Fiscal year 2021Revenue58.7 +9.0%Operating income−25.2Net income−27.5 −2,170.1%EPS, diluted−0.40Fiscal year 2022Revenue106.5 +81.4%Operating income−22.0Net income−22.2EPS, diluted−0.25Fiscal year 2023Revenue184.2 +73.0%Operating income−21.2Net income−16.5EPS, diluted−0.11Fiscal year 2024Revenue193.0 +4.8%Operating income−37.1Net income−28.4EPS, diluted−0.18Fiscal year 2025Revenue436.8 +126.3%Operating income37.1Net income52.2EPS, diluted0.29Fiscal year 2026Revenue1,335.1 +205.7%Operating income445.0Net income472.3 +805.0%EPS, diluted2.51
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 53.8 58.7 106.5 184.2 193.0 436.8 1,335.1
Growth +9.0% +81.4% +73.0% +4.8% +126.3% +205.7%
Operating income 2.1 −25.2 −22.0 −21.2 −37.1 37.1 445.0
Net income 1.3 −27.5 −22.2 −16.5 −28.4 52.2 472.3
Growth −2,170.1% +805.0%
EPS, diluted 0.00 −0.40 −0.25 −0.11 −0.18 0.29 2.51

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin85.6%Operating margin3.8%Net margin2.5%Free cash flow margin−35.5%Fiscal year 2021Gross margin65.2%Operating margin−43.0%Net margin−46.9%Free cash flow margin−82.5%Fiscal year 2022Gross margin60.1%Operating margin−20.6%Net margin−20.8%Free cash flow margin−45.5%Fiscal year 2023Gross margin57.7%Operating margin−11.5%Net margin−9.0%Free cash flow margin−25.2%Fiscal year 2024Gross margin61.9%Operating margin−19.2%Net margin−14.7%Free cash flow margin8.9%Fiscal year 2025Gross margin64.8%Operating margin8.5%Net margin11.9%Free cash flow margin6.6%Fiscal year 2026Gross margin68.0%Operating margin33.3%Net margin35.4%Free cash flow margin30.5%
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 85.6% 65.2% 60.1% 57.7% 61.9% 64.8% 68.0%
Operating margin 3.8% −43.0% −20.6% −11.5% −19.2% 8.5% 33.3%
Net margin 2.5% −46.9% −20.8% −9.0% −14.7% 11.9% 35.4%
Free cash flow margin −35.5% −82.5% −45.5% −25.2% 8.9% 6.6% 30.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−10.3Capital expenditure−8.8Free cash flow−19.1Buybacks0.0Fiscal year 2021Operating cash flow−42.4Capital expenditure−6.1Free cash flow−48.4Buybacks−22.9Fiscal year 2022Operating cash flow−30.8Capital expenditure−17.6Free cash flow−48.4Buybacks0.0Fiscal year 2023Operating cash flow−24.6Capital expenditure−21.7Free cash flow−46.3Buybacks0.0Fiscal year 2024Operating cash flow32.7Capital expenditure−15.7Free cash flow17.1Fiscal year 2025Operating cash flow65.1Capital expenditure−36.1Free cash flow29.0 +69.9%Fiscal year 2026Operating cash flow464.3Capital expenditure−57.3Free cash flow407.0 +1,302.4%
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −10.3 −42.4 −30.8 −24.6 32.7 65.1 464.3
Capital expenditure −8.8 −6.1 −17.6 −21.7 −15.7 −36.1 −57.3
Free cash flow −19.1 −48.4 −48.4 −46.3 17.1 29.0 407.0
Growth +69.9% +1,302.4%
Buybacks 0.0 −22.9 0.0 0.0 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2020Cash73.9Shareholders’ equity−9.4Fiscal year 2021Cash103.8Shareholders’ equity−55.4Fiscal year 2022Cash259.3Shareholders’ equity334.2Fiscal year 2023Cash108.6Shareholders’ equity347.6Fiscal year 2024Cash66.9Shareholders’ equity540.2Fiscal year 2025Cash236.3Shareholders’ equity681.6Fiscal year 2026Cash1,165.0Shareholders’ equity2,063.6
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 73.9 103.8 259.3 108.6 66.9 236.3 1,165.0
Shareholders’ equity −9.4 −55.4 334.2 347.6 540.2 681.6 2,063.6

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending May, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 30 Apr 2020 FY2021 30 Apr 2021 FY2022 30 Apr 2022 FY2023† 29 Apr 2023 FY2024 27 Apr 2024 FY2025 3 May 2025 FY2026 2 May 2026
Revenue and profit
53.8 58.7 106.5 184.2 193.0 436.8 1,335.1
Growth +9.0% +81.4% +73.0% +4.8% +126.3% +205.7%
7.7 20.4 42.5 78.0 73.5 153.9 426.8
46.1 38.3 64.0 106.2 119.4 282.9 908.3
Growth −17.0% +67.2% +65.9% +12.5% +136.9% +221.1%
27.6 34.8 47.9 76.8 96.3 146.9 279.4
16.5 28.7 34.9 48.2 60.2 98.9 184.0
2.1 −25.2 −22.0 −21.2 −37.1 37.1 445.0
Growth −1,318.4% +1,098.7%
2.1 −25.3 −22.2 −17.9 −22.7 54.9 475.4
0.8 2.2 −0.0 −1.4 5.6 2.7 3.2
1.3 −27.5 −22.2 −16.5 −28.4 52.2 472.3
Growth −2,170.1% +805.0%
Per share
0.00 −0.40 −0.25 −0.11 −0.18 0.31 2.65
0.00 −0.40 −0.25 −0.11 −0.18 0.29 2.51
Growth +765.5%
71.7 69.1 88.4 146.6 155.1 167.5 178.5
71.7 69.1 88.4 146.6 155.1 181.2 188.2
Growth −3.7% +27.9% +65.8% +5.8% +16.8% +3.9%

† The diluted share count jumps at 2023, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 86.8% a year over five years.
  • Operating margin is up 76.3 points on five years ago, at 33.3%.
  • A net loss in 4 of 7 years on file.