Credo Technology Group Holding Ltd (CRDO) Financial Statements (2025 and earlier)

Company Profile

Business Address C/O MAPLES CORPORATE SERVICES, LIMITED
GRAND CAYMAN, KY1-1104
State of Incorp.
Fiscal Year End April 30
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2024
MRQ
4/30/2024
1/31/2024
MRQ
4/30/2023
4/30/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments410,003409,134217,811259,322
Cash and cash equivalents66,94296,073108,583259,322
Short-term investments343,061313,061109,228 
Receivables59,66244,76049,54129,524
Inventory, net of allowances, customer advances and progress billings25,90731,50746,02327,337
Inventory25,90731,50746,02327,337
Prepaid expense    4,477
Contract with customer, asset, after allowance for credit loss21,56217,9099,44510,071
Other current assets    1,258
Other undisclosed current assets13,1318,1335,412188
Total current assets:530,265511,443328,232332,177
Noncurrent Assets
Operating lease, right-of-use asset13,07713,63414,86016,954
Property, plant and equipment43,66544,89940,22221,844
Other noncurrent assets14,92522,49013,9754,714
Total noncurrent assets:71,66781,02369,05743,512
TOTAL ASSETS:601,932592,466397,289375,689
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23,02720,16212,66222,884
Taxes payable1,312
Employee-related liabilities4,713
Accounts payable13,41710,2946,0678,487
Accrued liabilities9,6109,8686,5958,372
Deferred revenue3,9024,7224,0401,234
Other undisclosed current liabilities17,69115,31314,3302,379
Total current liabilities:44,62040,19731,03226,497
Noncurrent Liabilities
Long-term debt and lease obligation:    14,809
Liabilities, other than long-term debt17,11418,30218,622220
Other liabilities5,9816,7015,753220
Operating lease, liability11,13311,60112,86914,809
Total noncurrent liabilities:17,11418,30218,62215,029
Total liabilities:61,73458,49949,65441,526
Equity
Equity, attributable to parent540,198533,967347,635334,163
Common stock8877
Additional paid in capital676,054659,162454,795424,562
Accumulated other comprehensive income (loss)(519)(335)(191)23
Accumulated deficit(135,345)(124,868)(106,976)(90,429)
Total equity:540,198533,967347,635334,163
TOTAL LIABILITIES AND EQUITY:601,932592,466397,289375,689

Income Statement (P&L) ($ in thousands)

10/31/2024
TTM
4/30/2024
1/31/2024
TTM
4/30/2023
4/30/2022
Revenues192,970164,276184,194106,477
Cost of revenue
(Cost of Goods and Services Sold)
(73,539)(66,226)(78,000)(42,462)
Gross profit:119,43198,050106,19464,015
Operating expenses(156,489)(143,619)(127,429)(85,983)
Operating loss:(37,058)(45,569)(21,235)(21,968)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
14,31310,8533,321(245)
Loss from continuing operations before income taxes:(22,745)(34,716)(17,914)(22,213)
Income tax expense (benefit)(5,624)8871,36737
Loss from continuing operations:(28,369)(33,829)(16,547)(22,176)
Loss before gain (loss) on sale of properties:(22,176)
Net loss available to common stockholders, diluted:(28,369)(33,829)(16,547)(22,176)

Comprehensive Income ($ in thousands)

10/31/2024
TTM
4/30/2024
1/31/2024
TTM
4/30/2023
4/30/2022
Net loss:(28,369)(33,829)(16,547)(22,176)
Comprehensive loss:(28,369)(33,829)(16,547)(22,176)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(328)(266)(214)(204)
Comprehensive loss, net of tax, attributable to parent:(28,697)(34,095)(16,761)(22,380)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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