Credo Technology Group Holding Ltd
For the period ended May 2, 2026. Filed Jun 15, 2026.
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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.
FY2026 · Filed Jun 15, 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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended | |||
|---|---|---|---|
| May 2, 2026 | May 3, 2025 | April 27, 2024 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $472,279 | $52,183 | $(28,369) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 34,637 | 21,938 | 13,771 |
| Amortization of acquired intangible assets | 400 | — | — |
| Share-based compensation | 182,638 | 77,355 | 39,022 |
| Warrant contra revenue | — | 13,186 | 3,925 |
| Write-downs for excess and obsolete inventory | 15,116 | 7,952 | 4,354 |
| Impairment of assets | 1,500 | 873 | 765 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (70,798) | (102,482) | (10,121) |
| Inventories | (174,036) | (70,470) | 15,762 |
| Other current assets | (44,801) | 4,596 | (19,836) |
| Other non-current assets | (26,453) | 2,089 | (654) |
| Accounts payable | 48,752 | 41,930 | 8,806 |
| Accrued compensation and benefits, other current liabilities and other non-current liabilities | 25,058 | 15,933 | 5,312 |
| Net cash provided by operating activities | 464,292 | 65,083 | 32,737 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (57,296) | (36,061) | (15,652) |
| Purchases of short-term investments | (393,334) | (258,726) | (403,587) |
| Maturities of short-term investments | 310,010 | 406,777 | 169,754 |
| Business acquisitions, net of cash acquired | (112,908) | — | — |
| Net cash provided by (used in) investing activities | (253,528) | 111,990 | (249,485) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of ordinary shares in connection with public offerings, net of offering costs | 736,327 | — | 173,431 |
| Payments on technology license obligations | (6,624) | (6,306) | (3,052) |
| Proceeds from equity incentive plans | 7,083 | 7,831 | 7,055 |
| Tax withheld related to RSU settlement | (19,157) | (9,253) | (2,158) |
| Net cash provided by (used in) financing activities | 717,629 | (7,728) | 175,276 |
| Effect of exchange rate changes on cash | 231 | 41 | (169) |
| Net increase (decrease) in cash and cash equivalents | 928,624 | 169,386 | (41,641) |
| Cash and cash equivalents at beginning of the year | 236,328 | 66,942 | 108,583 |
| Cash and cash equivalents at end of the year | $1,164,952 | $236,328 | $66,942 |
| Supplemental cash flow information: | |||
| Income taxes paid | $2,472 | $1,447 | $1,054 |
| Purchases of property and equipment included in accounts payable, other current liabilities and other non-current liabilities | $16,106 | $8,877 | $8,287 |
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