Credo Technology Group Holding Ltd (CRDO)

CRDO Income Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 3, 2025	Apr 27, 2024	Apr 29, 2023	Apr 30, 2022	Apr 30, 2021
Revenue	436.78	192.97	184.19	106.48	58.7
Revenue Growth (YoY)	126.34%	4.76%	72.99%	81.40%	9.03%
Cost of Revenue	153.87	73.54	78	42.46	20.42
Gross Profit	282.91	119.43	106.19	64.02	38.28
Selling, General & Admin	98.92	60.19	48.25	34.9	28.67
Research & Development	145.99	95.53	76.77	47.95	34.85
Operating Expenses	244.91	155.72	125.02	82.85	63.51
Operating Income	38	-36.29	-18.83	-18.83	-25.23
Other Non Operating Income (Expenses)	17.75	14.31	3.32	-0.25	-0.06
EBT Excluding Unusual Items	55.74	-21.98	-15.51	-19.08	-25.3
Asset Writedown	-0.87	-0.77	-2.41	-3.13	-
Pretax Income	54.87	-22.75	-17.91	-22.21	-25.3
Income Tax Expense	2.69	5.62	-1.37	-0.04	2.22
Net Income	52.18	-28.37	-16.55	-22.18	-27.51
Net Income to Common	52.18	-28.37	-16.55	-22.18	-27.51
Shares Outstanding (Basic)	168	155	147	88	69
Shares Outstanding (Diluted)	181	155	147	88	69
Shares Change (YoY)	16.81%	5.82%	65.79%	27.93%	-3.67%
EPS (Basic)	0.31	-0.18	-0.11	-0.25	-0.40
EPS (Diluted)	0.29	-0.18	-0.11	-0.25	-0.40
Free Cash Flow	-	17.09	-46.33	-48.41	-48.42
Free Cash Flow Per Share	-	0.11	-0.32	-0.55	-0.70
Gross Margin	64.77%	61.89%	57.65%	60.12%	65.21%
Operating Margin	8.70%	-18.81%	-10.22%	-17.69%	-42.99%
Profit Margin	11.95%	-14.70%	-8.98%	-20.83%	-46.87%
Free Cash Flow Margin	-	8.85%	-25.15%	-45.47%	-82.49%
EBITDA	57.04	-22.52	-9.31	-14.04	-23.02
EBITDA Margin	13.06%	-11.67%	-5.06%	-13.19%	-39.21%
D&A For EBITDA	19.04	13.77	9.51	4.79	2.22
EBIT	38	-36.29	-18.83	-18.83	-25.23
EBIT Margin	8.70%	-18.81%	-10.22%	-17.69%	-42.99%
Effective Tax Rate	4.90%	-	-	-	-
Revenue as Reported	436.78	192.97	184.19	106.48	58.7

Updated Jun 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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