Credo Technology Group Holding Ltd

For the period ended May 3, 2025. Filed Jul 2, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Jul 2, 2025

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

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Contents

Consolidated Statements of Operations

(in thousands, except per share amounts)

	Year Ended
	May 3, 2025	April 27, 2024	April 29, 2023
Revenue:
Product sales	$412,177	$145,048	$141,475
Product engineering services	12,122	19,898	10,780
IP license	12,476	28,024	31,939
Total revenue	436,775	192,970	184,194
Cost of revenue:
Cost of product sales revenue	152,381	70,498	75,143
Cost of product engineering services revenue	1,314	2,225	972
Cost of IP license revenue	171	816	1,885
Total cost of revenue	153,866	73,539	78,000
Gross profit	282,909	119,431	106,194
Operating expenses:
Research and development	145,994	95,531	76,774
Selling, general and administrative	98,918	60,193	48,248
Impairment charges	873	765	2,407
Total operating expenses	245,785	156,489	127,429
Operating income (loss)	37,124	(37,058)	(21,235)
Other income, net	17,746	14,313	3,321
Income (loss) before income taxes	54,870	(22,745)	(17,914)
Provision (benefit) for income taxes	2,687	5,624	(1,367)
Net income (loss)	$52,183	$(28,369)	$(16,547)
Net income (loss) per share:
Basic	$0.31	$(0.18)	$(0.11)
Diluted	$0.29	$(0.18)	$(0.11)
Weighted-average shares used in computing net income (loss) per share:
Basic	167,505	155,091	146,556
Diluted	181,158	155,091	146,556

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.