Credo Technology Group Holding Ltd
For the period ended May 3, 2025. Filed Jul 2, 2025.
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FY2025 · Filed Jul 2, 2025
CRDO$129.80-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended | |||
|---|---|---|---|
| May 3, 2025 | April 27, 2024 | April 29, 2023 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $52,183 | $(28,369) | $(16,547) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||
| Depreciation and amortization | 21,938 | 13,771 | 9,514 |
| Share-based compensation | 77,355 | 39,022 | 23,516 |
| Warrant contra revenue | 13,186 | 3,925 | 1,220 |
| Write-downs for excess and obsolete inventory | 7,952 | 4,354 | 5,693 |
| Impairment of assets | 873 | 765 | 2,407 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (102,482) | (10,121) | (20,017) |
| Inventories | (70,470) | 15,762 | (24,379) |
| Other current assets | 4,596 | (19,836) | 2,121 |
| Other non-current assets | 2,089 | (654) | (7,977) |
| Accounts payable | 41,930 | 8,806 | (3,843) |
| Accrued compensation and other liabilities | 15,933 | 5,312 | 3,677 |
| Net cash provided by (used in) operating activities | 65,083 | 32,737 | (24,615) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (36,061) | (15,652) | (21,713) |
| Purchases of short-term investments | (258,726) | (403,587) | (159,228) |
| Maturities of short-term investments | 406,777 | 169,754 | 50,000 |
| Net cash provided by (used in) investing activities | 111,990 | (249,485) | (130,941) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of ordinary shares in connection with public offering, net of offering costs | — | 173,431 | — |
| Payments on technology license obligations | (6,306) | (3,052) | (616) |
| Proceeds from employee share incentive plans | 7,831 | 7,055 | 5,501 |
| Tax withheld related to RSU settlement | (9,253) | (2,158) | — |
| Net cash provided by (used in) financing activities | (7,728) | 175,276 | 4,885 |
| Effect of exchange rate changes on cash | 41 | (169) | (68) |
| Net increase (decrease) in cash and cash equivalents | 169,386 | (41,641) | (150,739) |
| Cash and cash equivalents at beginning of the year | 66,942 | 108,583 | 259,322 |
| Cash and cash equivalents at end of the year | $236,328 | $66,942 | $108,583 |
| Supplemental cash flow information: | |||
| Income taxes paid | $1,447 | $1,054 | $1,204 |
| Purchases of property and equipment included in accounts payable, accrued expenses and other liabilities | $8,877 | $8,287 | $10,909 |
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