Credo Technology Group (CRDO) income statement
NASDAQ · Technology · Semiconductors · 807 employees · CEO William J. Brennan
- Price
- $150.99 -8.65%
- Market cap
- $28.4B
- Enterprise value
- $27.9B
- Last report
- Q1 '27 filed 2026-09-02
- Next report
- 2026-12-02 EPS est. $1.29
Credo Technology Group (CRDO) reported revenue of $479M for Q1 '27 (+114.7% year on year), operating income of $121M (25.2% of revenue) and net income of $129M. Over the last four quarters revenue was $1.59B.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44M | $53.1M | $60.8M | $59.7M | $72M | $135M | $170M | $223M | $268M | $407M | $437M | $479M | |
| Cost of revenue | $17.9M | $20.5M | $20.8M | $22.4M | $26.5M | $49.1M | $55.8M | $72.7M | $87M | $128M | $139M | $170M | |
| Gross profit | $26.1M | $32.6M | $40M | $37.3M | $45.5M | $85.9M | $114M | $150M | $181M | $279M | $298M | $309M | |
| Research & development | $21.7M | $24.2M | $26.9M | $30.4M | $31.7M | $36.3M | $47.6M | $52.4M | $57.9M | $78.5M | $90.5M | $115M | |
| Other operating expenses | $0 | $0 | $765K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $35M | $38.5M | $47.8M | $51.7M | $53.9M | $59.7M | $79.5M | $89.6M | $102M | $129M | $142M | $188M | |
| Operating income | -$8.88M | -$5.91M | -$7.88M | -$14.5M | -$8.41M | $26.2M | $34.7M | $60.7M | $78.8M | $150M | $156M | $121M | |
| Other non-operating income (gains on investments, FX ...) | -$2.7M | -$4.29M | -$765K | -$5.53M | -$4.47M | -$3.92M | -$2.95M | -$3.95M | -$4.89M | -$9.46M | -$12.1M | -$8.14M | |
| Total non-operating income | $2.7M | $4.29M | $5.16M | $5.53M | $4.47M | $3.92M | $2.95M | $3.95M | $4.89M | $9.46M | $12.1M | $8.14M | |
| Income before tax | -$6.17M | -$1.62M | -$2.72M | -$8.92M | -$3.93M | $30.1M | $37.6M | $64.7M | $83.7M | $159M | $168M | $129M | |
| Income tax | $450K | -$2.05M | $7.76M | $622K | $292K | $752K | $1.02M | $1.29M | $1.05M | $1.94M | -$1.12M | -$585K | |
| Net income | -$6.62M | $428K | -$10.5M | -$9.54M | -$4.23M | $29.4M | $36.6M | $63.4M | $82.6M | $157M | $169M | $129M | |
| EPS (basic) | -$0.04 | $0.00 | -$0.06 | -$0.06 | -$0.03 | $0.17 | $0.21 | $0.37 | $0.47 | $0.86 | $0.92 | $0.70 | |
| EPS (diluted) | -$0.04 | $0.00 | -$0.06 | -$0.06 | -$0.03 | $0.16 | $0.20 | $0.34 | $0.44 | $0.82 | $0.88 | $0.67 | |
| Shares (basic, weighted) | 150M | 157M | 164M | 165M | 166M | 168M | 170M | 172M | 175M | 182M | 185M | 186M | |
| Shares (diluted, weighted) | 150M | 167M | 164M | 165M | 166M | 182M | 182M | 185M | 188M | 192M | 193M | 194M | |
| Depreciation & amortization | $3.7M | $3.44M | $3.69M | $4.23M | $4.99M | $5.06M | $7.66M | $5.46M | $6.57M | $6.76M | $16.3M | $20.2M | |
| EBITDA | -$2.48M | $1.82M | -$3.43M | -$4.69M | $1.05M | $35.2M | $45.3M | $70.1M | $90.3M | $166M | $184M | $149M |
| Income statement | Trend | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $53.8M | $58.7M | $106M | $184M | $193M | $437M | $1.34B | |
| Cost of revenue | $7.73M | $20.4M | $42.5M | $78M | $73.5M | $154M | $427M | |
| Gross profit | $46.1M | $38.3M | $64M | $106M | $119M | $283M | $908M | |
| Research & development | $27.6M | $34.8M | $47.9M | $76.8M | $95.5M | $146M | $279M | |
| Sales & marketing | $9.63M | $17.5M | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $6.84M | $11.1M | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $0 | $0 | $3.13M | $2.41M | $765K | $0 | $0 | |
| Operating expenses | $44M | $63.5M | $86M | $127M | $156M | $245M | $463M | |
| Operating income | $2.07M | -$25.2M | -$22M | -$21.2M | -$37.1M | $38M | $445M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | -$3.13M | -$2.41M | -$765K | -$16.9M | -$30.4M | |
| Total non-operating income | $24K | -$62K | -$245K | $3.32M | $14.3M | $16.9M | $30.4M | |
| Income before tax | $2.1M | -$25.3M | -$22.2M | -$17.9M | -$22.7M | $54.9M | $475M | |
| Income tax | $766K | $2.22M | -$37K | -$1.37M | $5.62M | $2.69M | $3.16M | |
| Net income | $1.33M | -$27.5M | -$22.2M | -$16.5M | -$28.4M | $52.2M | $472M | |
| EPS (basic) | $0.02 | -$0.20 | -$0.16 | -$0.11 | -$0.18 | $0.31 | $2.65 | |
| EPS (diluted) | $0.02 | -$0.20 | -$0.15 | -$0.11 | -$0.18 | $0.29 | $2.51 | |
| Shares (basic, weighted) | 72.7M | 140M | 143M | 147M | 155M | 168M | 179M | |
| Shares (diluted, weighted) | 72.7M | 140M | 145M | 147M | 155M | 181M | 188M | |
| Depreciation & amortization | $1.81M | $2.22M | $4.79M | $9.51M | $13.8M | $21.9M | $34.6M | |
| EBITDA | $3.88M | -$23M | -$14M | -$9.31M | -$22.5M | $76.8M | $510M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-01, 10-K 2026-05-02, 10-Q 2026-01-31, 10-Q 2025-11-01, 10-Q 2025-08-02, 10-K 2025-05-03, 10-Q 2025-02-01, 10-Q 2024-11-02, 10-Q 2024-08-03
Data as of 2026-11-02