CRDO on Nasdaq
Credo Technology Group Holding Ltd
At Credo, our mission is to transform connectivity at scale through fast, reliable and energy-efficient system solutions.1
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Last updated Oct 19, 2026.
Overview
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- TickerCRDO on Nasdaq1
- IndustrySemiconductors & Related Devices1
- HeadquartersGrand Cayman, Cayman Islands1
- Incorporated inCayman Islands3
- Business addressC/O Maples Corporate Services, Limited, Po Box 309, Ugland House, Grand Cayman, E9 Ky1-11043
- Filer categoryLarge accelerated filer3
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At Credo, our mission is to transform connectivity at scale through fast, reliable and energy-efficient system solutions. The Company’s highspeed copper and optical interconnect products deliver industry-leading power and performance at up to 1.6T to meet the ever-expanding data infrastructure demands of AI. The Company’s product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers, OmniConnect memory solutions and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, all leveraging the Company’s PILOT diagnostic and analytics software platform. The Company’s innovations enable our customers to connect the systems that connect the world.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
United States brought in 58% of the revenue Credo Technology Group Holding Ltd broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| United States | $49.6M | $65.1M | $768.1M |
| HKMember | $70.2M | $243.7M | $378.2M |
| Rest Of The World | $23.7M | $44.3M | $85.2M |
| [China [Member]] | $28.3M | $80.1M | $80.9M |
| TWMember | $21.3M | $3.6M | $22.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue31¢$426.8M
- Research and development20¢$279.4M
- Selling, general and admin13¢$184.0M
- Income tax0¢$3.2M
- Profit35¢$472.3M
Out of $1.3B in revenue.2
Where each dollar of operating cash went, fiscal 2026
- Capital spending12¢$57.3M
- Kept or used elsewhere88¢$407.0M
Out of $464.3M of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-04-30 | 2025-04-30 | 2024-04-30 |
|---|---|---|---|
| Revenue | $1.3B | $436.8M | $193.0M |
| Cost of revenue | $426.8M | $153.9M | $73.5M |
| Gross profit | $908.3M | $282.9M | $119.4M |
| Research and development | $279.4M | $146.9M | $96.3M |
| Selling, general and administrative | $184.0M | $98.9M | $60.2M |
| Total operating expenses | $463.3M | $245.8M | $156.5M |
| Operating income (loss) | $445.0M | $37.1M | -$37.1M |
| Other income, net | $30.4M | $17.7M | $14.3M |
| Income (loss) before income taxes | $475.4M | $54.9M | -$22.7M |
| Provision for income taxes | $3.2M | $2.7M | $5.6M |
| Net income (loss) | $472.3M | $52.2M | -$28.4M |
| Basic (in US dollars per share) | $2.65 | $0.31 | -$0.18 |
| Diluted (in US dollars per share) | $2.51 | $0.29 | -$0.18 |
| Basic (in shares) | 178.5M shares | 167.5M shares | 155.1M shares |
| Diluted (in shares) | 188.2M shares | 181.2M shares | 155.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.2B | $236.3M | ||
| Short-term investments | $278.3M | $195.0M | ||
| Accounts receivable | $233.4M | $162.1M | ||
| Inventories | $250.8M | $90.0M | ||
| Other current assets | $73.6M | $30.0M | ||
| Total current assets | $2.0B | $713.5M | ||
| Property and equipment, net | $101.6M | $63.6M | ||
| Right of use assets | $24.6M | $15.2M | ||
| Goodwill | $92.8M | $0 | ||
| Intangible assets, net | $29.3M | $0 | ||
| Other non-current assets | $46.2M | $16.9M | ||
| Total assets | $2.3B | $809.3M | ||
| Accounts payable | $107.3M | $56.2M | ||
| Accrued compensation and benefits | $21.6M | $16.1M | ||
| Other current liabilities | $68.1M | $35.5M | ||
| Total current liabilities | $197.1M | $107.7M | ||
| Non-current operating lease liabilities | $20.6M | $12.7M | ||
| Other non-current liabilities | $14.3M | $7.3M | ||
| Total liabilities | $232.0M | $127.7M | ||
| Ordinary shares, $0.00005 par value; 1,000,000 shares authorized; 185,419 and 171,169 shares issued and outstanding at May 2, 2026 and May 3, 2025, respectively | $9.0K | $8.0K | ||
| Additional paid in capital | $1.7B | $765.2M | ||
| Accumulated other comprehensive income (loss) | $2.4M | -$437.0K | ||
| Retained earnings (accumulated deficit) | $389.1M | -$83.2M | ||
| Total shareholders' equity | $2.1B | $681.6M | $540.2M | $347.6M |
| Total liabilities and shareholders' equity | $2.3B | $809.3M | ||
| Common stock, par value (in US dollars per share) | $0.00 | $0.00 | ||
| Common stock authorized (in shares) | 1.0B shares | 1.0B shares | ||
| Common stock issued (in shares) | 185.4M shares | 171.2M shares | ||
| Common stock outstanding (in shares) | 185.4M shares | 171.2M shares |
| Period ending | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.2B | $236.3M | ||
| Short-term investments | $278.3M | $195.0M | ||
| Accounts receivable | $233.4M | $162.1M | ||
| Inventories | $250.8M | $90.0M | ||
| Other current assets | $73.6M | $30.0M | ||
| Total current assets | $2.0B | $713.5M | ||
| Property and equipment, net | $101.6M | $63.6M | ||
| Right of use assets | $24.6M | $15.2M | ||
| Goodwill | $92.8M | $0 | ||
| Intangible assets, net | $29.3M | $0 | ||
| Other non-current assets | $46.2M | $16.9M | ||
| Total assets | $2.3B | $809.3M | ||
| Accounts payable | $107.3M | $56.2M | ||
| Accrued compensation and benefits | $21.6M | $16.1M | ||
| Other current liabilities | $68.1M | $35.5M | ||
| Total current liabilities | $197.1M | $107.7M | ||
| Non-current operating lease liabilities | $20.6M | $12.7M | ||
| Other non-current liabilities | $14.3M | $7.3M | ||
| Total liabilities | $232.0M | $127.7M | ||
| Ordinary shares, $0.00005 par value; 1,000,000 shares authorized; 185,419 and 171,169 shares issued and outstanding at May 2, 2026 and May 3, 2025, respectively | $9.0K | $8.0K | ||
| Additional paid in capital | $1.7B | $765.2M | ||
| Accumulated other comprehensive income (loss) | $2.4M | -$437.0K | ||
| Retained earnings (accumulated deficit) | $389.1M | -$83.2M | ||
| Total shareholders' equity | $2.1B | $681.6M | $540.2M | $347.6M |
| Total liabilities and shareholders' equity | $2.3B | $809.3M | ||
| Common stock, par value (in US dollars per share) | $0.00 | $0.00 | ||
| Common stock authorized (in shares) | 1.0B shares | 1.0B shares | ||
| Common stock issued (in shares) | 185.4M shares | 171.2M shares | ||
| Common stock outstanding (in shares) | 185.4M shares | 171.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-04-30 | 2025-04-30 | 2024-04-30 |
|---|---|---|---|
| Net income (loss) | $472.3M | $52.2M | -$28.4M |
| Depreciation and amortization | $34.6M | $21.9M | $13.8M |
| Amortization of acquired intangible assets | $400.0K | $0 | $0 |
| Share-based compensation | $182.6M | $77.4M | $39.0M |
| Warrant contra revenue | $0 | $13.2M | $3.9M |
| Write-downs for excess and obsolete inventory | $15.1M | $8.0M | $4.4M |
| Impairment of assets | $1.5M | $873.0K | $765.0K |
| Accounts receivable | -$70.8M | -$102.5M | -$10.1M |
| Inventories | -$174.0M | -$70.5M | $15.8M |
| Other current assets | -$44.8M | $4.6M | -$19.8M |
| Other non-current assets | -$26.5M | $2.1M | -$654.0K |
| Accounts payable | $48.8M | $41.9M | $8.8M |
| Accrued compensation and benefits, other current liabilities and other non-current liabilities | $25.1M | $15.9M | $5.3M |
| Net cash provided by operating activities | $464.3M | $65.1M | $32.7M |
| Purchases of property and equipment | -$57.3M | -$36.1M | -$15.7M |
| Purchases of short-term investments | -$393.3M | -$258.7M | -$403.6M |
| Maturities of short-term investments | $310.0M | $406.8M | $169.8M |
| Business acquisitions, net of cash acquired | -$112.9M | $0 | $0 |
| Net cash provided by (used in) investing activities | -$253.5M | $112.0M | -$249.5M |
| Proceeds from issuance of ordinary shares in connection with public offerings, net of offering costs | $736.3M | $0 | $173.4M |
| Payments on technology license obligations | -$6.6M | -$6.3M | -$3.1M |
| Proceeds from equity incentive plans | $7.1M | $7.8M | $7.1M |
| Tax withheld related to RSU settlement | -$19.2M | -$9.3M | -$2.2M |
| Net cash provided by (used in) financing activities | $717.6M | -$7.7M | $175.3M |
| Effect of exchange rate changes on cash | $231.0K | $41.0K | -$169.0K |
| Net increase (decrease) in cash and cash equivalents | $928.6M | $169.4M | -$41.6M |
| Income taxes paid | $2.5M | $1.4M | $1.1M |
| Purchases of property and equipment included in accounts payable, other current liabilities and other non-current liabilities | $16.1M | $8.9M | $8.3M |
No quarter-by-quarter statement was filed.
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Leadership
Who has led Credo Technology Group Holding Ltd, and when. Pick a name to see everywhere that person has worked.
- Chief financial officerDaniel W. Fleming Jan 26, 2022 to now12
- Chief operating officerYat Tung Lam Jan 26, 2022 to now13
Board members and other officers (13)
- Chief Technology OfficerChi Fung Cheng Jan 26, 2022 to now14
- Board memberFariba Danesh Mar 24, 2025 to now15
- Board memberBrian Kelleher Nov 3, 2025 to now16
- Board memberClyde Hosein Apr 3, 2024 to now17
- Board memberChi Fung Cheng Jan 26, 2022 to now14
- Board memberDavid Zinsner Jan 26, 2022 to Dec 20, 202418
- Board memberLip-Bu Tan Jan 26, 2022 to now19
- Board memberManpreet Khaira Jan 26, 2022 to now20
- Board memberPantas Sutardja Jan 26, 2022 to now21
- Board memberYat Tung Lam Jan 26, 2022 to now13
- General counselKatherine Schuelke Jan 30, 2024 to Jul 29, 202422
- General counselJames Laufman Aug 27, 2024 to now23
- General counselAdam Thorngate-Gottlund Jan 26, 2022 to Feb 7, 202424
Filings
910 filings to the SEC since October 2021: 6 annual reports, 14 quarterly reports, 37 major events, 538 insider forms, 27 large holders, 288 other. The latest 20:
- Oct 14, 20264 EDGAR
- Oct 14, 20264 EDGAR
- Oct 14, 20264 EDGAR
- Oct 14, 20264 EDGAR
- Oct 14, 20264 EDGAR
- Oct 14, 20264 EDGAR
- Oct 14, 20264 EDGAR
- Oct 13, 2026144 EDGAR
- Oct 13, 2026144 EDGAR
- Oct 13, 2026144 EDGAR
- Oct 13, 20264 EDGAR
- Oct 9, 20264 EDGAR
- Oct 8, 2026144 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 6, 20264 EDGAR
- Oct 6, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 1, 2026144 EDGAR
The 910 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
456 open-market trades by officers, directors and large owners since October 2021: 3 buys and 453 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 17, 2027 | Brennan William JosephPres & Chief Executive Officer | Sale | 15,000 | $17.71 | $265.6K | Form 4 |
| Sep 25, 2026 | Lam Yat TungChief Operating Officer | Sale | 100,000 | $206.29 | $20.6M | Form 4 |
| Sep 23, 2026 | Cheng Chi FungChief Technology Officer | Sale | 27,500 | $193.12 | $5.3M | Form 4 |
| Sep 21, 2026 | Laufman JamesChief Legal Officer, Secretary | Sale | 5,000 | $185.00 | $925.0K | Form 4 |
| Sep 17, 2026 | Cheng Chi FungChief Technology Officer | Sale | 27,500 | $166.39 | $4.6M | Form 4 |
| Sep 14, 2026 | Brennan William JosephPres & Chief Executive Officer | Sale | 16,672 | $151.88 | $2.5M | Form 4 |
| Sep 11, 2026 | Cheng Chi FungChief Technology Officer | Sale | 27,500 | $162.73 | $4.5M | Form 4 |
| Sep 4, 2026 | Cheng Chi FungChief Technology Officer | Sale | 3,790 | $170.00 | $644.3K | Form 4 |
| Jul 31, 2026 | Lam Yat TungChief Operating Officer | Sale | 105,441 | $213.17 | $22.5M | Form 4 |
| Jul 31, 2026 | Cheng Chi FungChief Technology Officer | Sale | 27,473 | $209.53 | $5.8M | Form 4 |
| Jul 27, 2026 | Cheng Chi FungChief Technology Officer | Sale | 27,500 | $205.53 | $5.7M | Form 4 |
| Jul 21, 2026 | Cheng Chi FungChief Technology Officer | Sale | 27,500 | $222.34 | $6.1M | Form 4 |
| Jul 15, 2026 | Lam Yat TungChief Operating Officer | Sale | 50,000 | $225.45 | $11.3M | Form 4 |
| Jul 15, 2026 | Lam Yat TungChief Operating Officer | Sale | 55,998 | $225.44 | $12.6M | Form 4 |
| Jul 14, 2026 | Cheng Chi FungChief Technology Officer | Sale | 27,500 | $240.21 | $6.6M | Form 4 |
| Jul 8, 2026 | Fleming Daniel W.Chief Financial Officer | Sale | 7,580 | $245.88 | $1.9M | Form 4 |
| Jul 8, 2026 | Cheng Chi FungChief Technology Officer | Sale | 3,790 | $258.71 | $980.5K | Form 4 |
| Jul 7, 2026 | Cheng Chi FungChief Technology Officer | Sale | 27,500 | $243.06 | $6.7M | Form 4 |
| Jul 1, 2026 | HOSEIN CLYDEDirector | Sale | 3,451 | $262.33 | $905.3K | Form 4 |
| Jun 30, 2026 | Cheng Chi FungChief Technology Officer | Sale | 27,500 | $269.84 | $7.4M | Form 4 |
All 456 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G/A, 4 filings Dec 6, 2024 to Jul 27, 202625
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2023 to Mar 26, 202626
- Chi Fung ChengSCHEDULE 13G/A, 6 filings Feb 13, 2023 to Apr 21, 202527
- JPMorgan ChaseSCHEDULE 13G/A, 2 filings Jan 8, 2024 to Mar 6, 202528
- Yat Tung LamSC 13G/A, 4 filings Feb 13, 2023 to Oct 17, 202429
- Lip-Bu TanSC 13G/A, 2 filings Feb 14, 2023 to Feb 13, 202430
- Capital Research Global InvestorsSC 13G/A, 2 filings Feb 13, 2023 to Feb 9, 202431
Members of Congress who traded it
15 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 2, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Sale | $1,001 - $15,000 | +33.5% | Report |
| Jun 30, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Partial sale | $1,001 - $15,000 | +40.9% | Report |
| Feb 4, 2026 | Markwayne Mullin, Senate | Sale | $15,001 - $50,000 | −62.6% | Report |
| Jan 20, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −3.1% | Report |
| Dec 18, 2025 | Markwayne Mullin, Senate | Sale | $15,001 - $50,000 | −8.4% | Report |
| Dec 18, 2025 | Markwayne Mullin, Senate | Sale | $15,001 - $50,000 | −8.4% | Report |
| Oct 30, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −11.7% | Report |
| Jun 3, 2025 | Robert P. Bresnahan, Jr.Republican, House | Buy | $1,001 - $15,000 | +106.5% | Report |
| Mar 4, 2025 | Robert P. Bresnahan, Jr.Republican, House | Sale | $1,001 - $15,000 | −178.6% | Report |
| Feb 3, 2025 | Markwayne Mullin, Senate | Buy | $1,001 - $15,000 | +107.2% | Report |
| Jan 29, 2025 | Robert P. Bresnahan, Jr.Republican, House | Sale | $1,001 - $15,000 | −160.4% | Report |
| Jan 29, 2025 | Robert P. Bresnahan, Jr.Republican, House | Sale | $1,001 - $15,000 | −160.4% | Report |
| Jan 29, 2025 | Robert P. Bresnahan, Jr.Republican, House | Sale | $1,001 - $15,000 | −160.4% | Report |
| Jan 2, 2025 | Markwayne Mullin, Senate | Buy | $15,001 - $50,000 | +107.2% | Report |
| Jan 2, 2025 | Markwayne Mullin, Senate | Buy | $15,001 - $50,000 | +107.2% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARFariba Danesh, Board member
- 16SEC EDGARBrian Kelleher, Board member
- 17SEC EDGARClyde Hosein, Board member
- 18SEC EDGARDavid Zinsner, Board member
- 19SEC EDGARLip-Bu Tan, Board member
- 20SEC EDGARManpreet Khaira, Board member
- 21SEC EDGARPantas Sutardja, Board member
- 22SEC EDGARKatherine Schuelke, General counsel
- 23SEC EDGARJames Laufman, General counsel
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