Credo Technology Group Holding Ltd
For the period ended Aug 2, 2025. Filed Sep 4, 2025.
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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.
Aug 2, 2025 · Filed Sep 4, 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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Condensed Consolidated Statements of Operations
(unaudited, in thousands, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| August 2, 2025 | August 3, 2024 | |
| Revenue: | ||
| Product sales revenue | $217,059 | $57,325 |
| IP license revenue | 6,015 | 2,389 |
| Total revenue | 223,074 | 59,714 |
| Cost of revenue | 72,706 | 22,431 |
| Gross profit | 150,368 | 37,283 |
| Operating expenses: | ||
| Research and development | 52,448 | 30,409 |
| Selling, general and administrative | 37,178 | 21,325 |
| Total operating expenses | 89,626 | 51,734 |
| Operating income (loss) | 60,742 | (14,451) |
| Other income, net | 3,946 | 5,533 |
| Income (loss) before income taxes | 64,688 | (8,918) |
| Provision for income taxes | 1,289 | 622 |
| Net income (loss) | $63,399 | $(9,540) |
| Net income (loss) per share: | ||
| Basic | $0.37 | $(0.06) |
| Diluted | $0.34 | $(0.06) |
| Weighted-average shares: | ||
| Basic | 171,927 | 165,140 |
| Diluted | 184,577 | 165,140 |
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