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Credo Technology Group Holding Ltd

CRDO Clue Score80
Cayman Islands Fiscal year ends April CIK 0001807794
$216.55 +2.21% Close, 9 Oct 2026
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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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
85.6% 65.2% 60.1% 57.7% 61.9% 64.8% 68.0%
3.8% −43.0% −20.6% −11.5% −19.2% 8.5% 33.3%
3.9% −43.1% −20.9% −9.7% −11.8% 12.6% 35.6%
2.5% −46.9% −20.8% −9.0% −14.7% 11.9% 35.4%
−35.5% −82.5% −45.5% −25.2% 8.9% 6.6% 30.5%
Spending
51.2% 59.4% 45.0% 41.7% 49.9% 33.6% 20.9%
30.6% 48.8% 32.8% 26.2% 31.2% 22.6% 13.8%
16.4% 10.3% 16.5% 11.8% 8.1% 8.3% 4.3%
36.6% n/a n/a n/a n/a 4.9% 0.7%
Returns
n/a n/a −6.6% −4.8% −5.3% 7.7% 22.9%
n/a −17.7% −5.9% −4.2% −4.7% 6.4% 20.6%
Balance and payout
n/a 8.3% 11.1% 12.5% 10.3% 15.8% 10.1%