Credo Technology Group Holding Ltd

For the period ended Feb 1, 2025. Filed Mar 10, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Feb 1, 2025 · Filed Mar 10, 2025

CRDO$132.89+10.3%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

(unaudited, in thousands, except per share amounts)

	Three Months Ended		Nine Months Ended
	February 1, 2025	January 27, 2024	February 1, 2025	January 27, 2024
Revenue:
Product sales	$129,371	$39,975	$247,653	$104,250
Product engineering services	2,667	11,830	10,785	16,557
IP license	2,964	1,253	8,312	11,381
Total revenue	135,002	53,058	266,750	132,188
Cost of revenue:
Cost of product sales revenue	48,835	18,912	96,602	50,126
Cost of product engineering services revenue	233	1,471	1,256	1,935
Cost of IP license revenue	8	117	171	662
Total cost of revenue	49,076	20,500	98,029	52,723
Gross profit	85,926	32,558	168,721	79,465
Operating expenses:
Research and development	36,261	24,236	98,412	68,610
Selling, general and administrative	23,471	14,233	66,973	40,032
Total operating expenses	59,732	38,469	165,385	108,642
Operating income (loss)	26,194	(5,911)	3,336	(29,177)
Other income, net	3,918	4,291	13,925	9,150
Income (loss) before income taxes	30,112	(1,620)	17,261	(20,027)
Provision (benefit) for income taxes	752	(2,048)	1,666	(2,135)
Net income (loss)	$29,360	$428	$15,595	$(17,892)
Net income (loss) per share:
Basic	$0.17	$—	$0.09	$(0.12)
Diluted	$0.16	$—	$0.09	$(0.12)
Weighted-average shares:
Basic	168,167	157,155	166,562	152,063
Diluted	182,464	167,160	180,495	152,063

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.