Credo Technology Group Holding Ltd
For the period ended Jan 31, 2026. Filed Mar 3, 2026.
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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.
Jan 31, 2026 · Filed Mar 3, 2026
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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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| January 31, 2026 | February 1, 2025 | |
| Cash flows from operating activities: | ||
| Net income | $303,177 | $15,595 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 18,783 | 14,281 |
| Share-based compensation | 132,939 | 49,493 |
| Warrant contra revenue | — | 13,186 |
| Write-downs for excess and obsolete inventory | 11,831 | 4,353 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (81,069) | (97,471) |
| Inventories | (127,879) | (31,677) |
| Other current assets | (3,687) | 5,115 |
| Other non-current assets | (20,830) | 1,628 |
| Accounts payable | 36,303 | 22,343 |
| Accrued compensation and benefits, other current liabilities and other non-current liabilities | 12,482 | 10,415 |
| Net cash provided by operating activities | 282,050 | 7,261 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (52,523) | (32,406) |
| Maturities of short-term investments | 229,010 | 376,777 |
| Purchases of short-term investments | (115,000) | (113,716) |
| Business acquisition, net of cash acquired | (82,564) | — |
| Net cash (used in) provided by investing activities | (21,077) | 230,655 |
| Cash flows from financing activities: | ||
| Payments on technology license obligations | (5,718) | (5,394) |
| Proceeds from ordinary shares issued under At-The-Market Offering, net of issuance costs | 736,327 | — |
| Proceeds from employee share incentive plans | 6,599 | 6,797 |
| Tax withheld related to RSU settlement | (14,250) | (7,159) |
| Net cash provided by (used in) financing activities | 722,958 | (5,756) |
| Effect of exchange rate changes on cash | 205 | 106 |
| Net increase in cash and cash equivalents | 984,136 | 232,266 |
| Cash and cash equivalents at beginning of the period | 236,328 | 66,942 |
| Cash and cash equivalents at end of the period | $1,220,464 | $299,208 |
| Supplemental cash flow information: | ||
| Purchases of property and equipment included in accounts payable, other current liabilities and other non-current liabilities | $7,029 | $8,841 |
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