Company profile · free preview
Credo Technologies
CRDO · Updated 10/24/2026
Revenue
$1.3B
Fiscal 2026
Net income
$472.3M
Fiscal 2026
Free cash flow
$407.0M
Fiscal 2026
Net cash / (debt)
—
Fiscal 2026
Five-year financials
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $1.3B | $436.8M | $193.0M | $184.2M | $106.5M |
| Net income | $472.3M | $52.2M | (28.4M) | (16.5M) | (22.2M) |
| Diluted EPS | — | — | — | — | — |
| Operating cash flow | $464.3M | $65.1M | $32.7M | (24.6M) | (30.8M) |
| Free cash flow | $407.0M | $29.0M | $17.1M | (46.3M) | (48.4M) |
| Cash | $1.2B | $236.3M | $66.9M | $108.6M | $259.3M |
| Total debt | — | — | — | — | — |
Where the cash went
Cumulative, fiscal 2022–2026, straight from the reported cash-flow statements.
Reinvested in capex
29.3%
of operating cash flow
Returned to owners
—
of free cash flow (buybacks + dividends)
Diluted share count
—
change 2022–2026
| Operating cash flow | $506.7M |
| Capital expenditure | ($148.3M) |
| Free cash flow | $358.4M |
| Share buybacks | — |
| Dividends paid | — |
| Acquisitions (net) | — |
| Net debt issued / (repaid) | — |
| Stock-based compensation (non-cash) | — |
"—" means a year didn't report that line, so no total is shown rather than an estimate.
SEC filings
- 10-K · period 2026-05-022026-06-15EDGAR
Analyst overview
Credo Technologies designs and develops high-speed connectivity solutions, primarily servicing the data center and enterprise networking markets. The company generates revenue through the sale of its integrated circuits and related intellectual property, leveraging its specialized expertise in high-performance serial connectivity. Credo operates in a highly competitive niche, where technological differentiation and consistent innovation are critical for market share.
A review of Credo's financials reveals significant growth in recent years. Revenue surged from 106.5M in 2022 to 1.3B in 2026, marking a substantial expansion. Concurrently, net income turned positive, growing from a 28.4M loss in 2024 to a profit of 472.3M in 2026. Free cash flow also demonstrated a strong upward trajectory, rising from 29.0M in 2025 to 407.0M in 2026, while the company maintains a robust cash position of 1.2B with no reported debt as of 2026.
Credo's core strengths lie in its rapid revenue and earnings growth, coupled with a strong balance sheet and positive free cash flow generation. Key risks include the cyclical nature of semiconductor demand and intense competition within its specialized market. Investors will be closely watching the company's ability to sustain its growth trajectory and adapt to evolving technological standards in future reporting periods.
AI-generated from published financials and filings · 10/24/2026. Not investment advice.
Ask anything about Credo Technologies's filings
"What changed since last year?" "Where is the cash going?" Get answers drawn straight from the filings.
Start researching free