Credo Technology Group Holding (CRDO) Financial Statements & Analysis

Credo Technology Group Holding (CRDO) Income Statement

Credo Technology Group Holding reported revenue of $1.34B in fiscal 2026 (fiscal year ended May 2, 2026), up 205.7% from $436.77M a year earlier. Net income was $472.28M, up 805.0% year over year, a net margin of 35.4%. Gross margin was 68.0% and operating margin 33.3%. In the most recent quarter, Q1 fiscal 2027 (ended Aug 1, 2026), revenue was $479.00M, up 114.7% from the same quarter a year earlier.

Credo Technology Group Holding Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Credo Technology Group Holding Ltd income statement - Annual data in billions USD
Breakdown	FY 2026	FY 2026	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	May 2026	Apr 2026	May 2025	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020
Revenue & Gross Profit
Revenue	1.34	1.34	0.44	0.44	0.19	0.18	0.11	0.06	0.05
Cost of Revenue	0.43	0.43	0.15	0.15	0.07	0.08	0.04	0.02	0.01
Gross Profit	0.91	0.91	0.28	0.28	0.12	0.11	0.06	0.04	0.05
Operating Expenses
Research & Development	0.28	0.28	0.15	0.15	0.10	0.08	0.05	0.03	0.03
Selling, General & Administrative	0.18	0.18	0.10	0.10	0.06	0.05	0.03	0.03	0.02
Operating Expenses	0.46	0.46	0.25	0.24	0.16	0.13	0.08	0.06	0.04
Operating Income	0.45	0.45	0.04	0.04	-0.04	-0.02	-0.02	-0.03	0.00
Other Income/Expense
Interest Income	-	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	-	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	0.03	0.03	0.02	0.02	0.01	0.00	0.00	0.00	0.00
Income
Income Before Tax	0.48	0.48	0.05	0.05	-0.02	-0.02	-0.02	-0.03	0.00
Income Tax Expense	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Net Income	0.47	0.47	0.05	0.05	-0.03	-0.02	-0.02	-0.03	0.00
Net Income - Continuous Operations	-	0.47	-	0.05	-0.03	-0.02	-0.02	-0.03	0.00
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	0.48	0.48	0.06	0.08	-0.02	-0.01	-0.01	-0.02	0.00
EBIT	0.45	0.45	0.04	0.04	-0.04	-0.02	-0.02	-0.03	-
Depreciation & Amortization	-	0.04	0.02	0.02	0.01	0.01	0.00	0.00	0.00
Earnings Per Share
Basic EPS	3.00	3.00	-	-	-	-	-	-	-
Diluted EPS	3.00	3.00	-	-	-	-	-	-	-
Basic Shares Outstanding	0.18	0.18	0.17	0.17	0.16	0.15	0.09	0.07	0.07
Diluted Shares Outstanding	0.19	0.19	0.18	0.18	0.16	0.15	0.09	0.07	0.07

Source: Company financial statements from annual and quarterly filings. Data as of Aug 1, 2026. Data sources and methodology

Frequently Asked Questions About Credo Technology Group Holding Financial Statements

What was Credo Technology Group Holding's revenue in fiscal 2026?

Credo Technology Group Holding reported revenue of $1.34B in fiscal 2026 (fiscal year ended May 2, 2026). That was up 205.7% from $436.77M a year earlier.

Is Credo Technology Group Holding profitable?

Yes. Credo Technology Group Holding earned net income of $472.28M in fiscal 2026, a net margin of 35.4%. In fiscal 2025 it earned $52.18M.

What is Credo Technology Group Holding's operating margin?

Credo Technology Group Holding's operating income was $445.00M on revenue of $1.34B in fiscal 2026, an operating margin of 33.3%, compared with 8.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition