Credo Technology Group Holding Ltd.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.34B | $436.8M | $193.0M | $184.2M | $106.5M | $58.7M | $53.8M |
| Cost of Revenue | $426.8M | $153.9M | $73.5M | $78.0M | $42.5M | $20.4M | $7.7M |
| Gross Profit | $908.3M | $282.9M | $119.4M | $106.2M | $64.0M | $38.3M | $46.1M |
| Gross Margin | 68.0% | 64.8% | 61.9% | 57.7% | 60.1% | 65.2% | 85.6% |
| Operating Expenses | |||||||
| Research & Development | $279.4M | $146.9M | $96.3M | $76.8M | $47.9M | $34.8M | $27.6M |
| SG&A Expense | $184.0M | $98.9M | $60.2M | $48.2M | $34.9M | $28.7M | $16.5M |
| Operating Income | $445.0M | $37.1M | $-37.1M | $-21.2M | $-22.0M | $-25.2M | $2.1M |
| Operating Margin | 33.3% | 8.5% | -19.2% | -11.5% | -20.6% | -43.0% | 3.8% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $475.4M | $54.9M | $-22.7M | $-17.9M | $-22.2M | $-25.3M | $2.1M |
| Income Tax Expense | $3.2M | $2.7M | $5.6M | $-1.4M | $-37.0K | $2.2M | $766.0K |
| Net Income | $472.3M | $52.2M | $-28.4M | $-16.5M | $-22.2M | $-27.5M | $1.3M |
| Net Margin | 35.4% | 11.9% | -14.7% | -9.0% | -20.8% | -46.9% | 2.5% |
| EPS (Basic) | $2.65 | $0.31 | $-0.18 | $-0.11 | $-0.25 | $-0.40 | $0.00 |
| EPS (Diluted) | $2.51 | $0.29 | $-0.18 | $-0.11 | $-0.25 | $-0.40 | $0.00 |
| Shares Outstanding (Basic) | 178.5M | 167.5M | 155.1M | 146.6M | 88.4M | 69.1M | 71.7M |
| Shares Outstanding (Diluted) | 188.2M | 181.2M | 155.1M | 146.6M | 88.4M | 69.1M | 71.7M |
| Dividends Per Share | — | — | — | — | — | — | — |