Credo Technology Group Holding Ltd CRDO R2KAI

Technology · Semiconductors · Cayman Islands

Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. It provides HiWire active electrical cables solutions, including HiWire CLOS, SPAN, SHIFT, and SWITCH; optical PAM4 digital signal processors; low-power line card PHY; serializer/deserializer (SerDes) chiplets; and SerDes IP, as well as integrated circuits. The company also offers intellectual property solutions consist of SerDes IP licensing. In addition, it offers predictive integrity link optimization and telemetry; PCIe retimer solutions; and support and maintenance, engineering, and royalties services. The company sells its products to hyperscalers, original equipment manufacturers, original design manufacturers, and optical module manufacturers, as well as into the enterprise and HPC markets. Credo Technology Group Holding Ltd was founded in 2008 and is based in Grand Cayman, the Cayman Islands.

Market & Price

Market Cap

$43.54B

Current Price

$236.03

High / Low (52W)

$236.03 / $60.96

Beta

3.18

Valuation

Stock P/E

129.69

Industry PE

32.74

Forward P/E

42.79

PEG Ratio

Book Value

$10.04

Price to Book

23.52

P/S

40.76

EV/EBITDA

120.63

Dividend Yield

Profitability & Returns

ROCE

5.42%

ROE

27.54%

ROA

14.68%

Profit Margin

31.81%

Op Margin

36.76%

EPS (Latest Qtr)

$0.82

EPS (TTM)

$1.82

Balance Sheet & Liquidity

Debt/Equity

0.88

Quick Ratio

9.35

Current Ratio

10.81

Debt

$16.28M

Total Assets

$809.26M

Current Assets

$713.53M

Working Capital

$605.82M

Ownership

Promoter Holding

11.14%

Chg in Prom Hold

FII / Inst Holding

76.46%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$42.25B

Total Revenue (TTM)

$1.07B

EBITDA

$350.26M

Free Cash Flow

$172.24M

Operating Cash Flow

$339.87M

Shares Outstanding

184.45M

Gross Margin

67.83%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

60.08%

Profit 5Y

111.77%

Revenue (YoY)

201.50%

Earnings (YoY)

412.50%

PROS

Strong return on equity of 27.5%.
Excellent profit margin of 31.8%.
Compounding revenue at 60.1% over 5 years.
Profit CAGR of 111.8% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 129.7.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	CRDO Credo Technology Group Holding Ltd R2KAI	236.03	129.69	$43.54B	-	5.42%	27.54%	60.08%	111.77%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Jan 2021	Jul 2021	Oct 2021	Jan 2022	Jul 2022	Oct 2022	Jan 2023	Jul 2023	Oct 2023	Jan 2024	Aug 2024	Nov 2024	Jan 2025	Feb 2025	Apr 2025	Jul 2025	Aug 2025	Oct 2025	Nov 2025	Jan 2026
Revenue	13.46M	10.72M	26.43M	31.80M	46.47M	51.37M	54.27M	35.09M	44.03M	53.06M	59.71M	72.03M	135.00M	135.00M	170.03M	223.07M	223.07M	268.03M	268.03M	407.01M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	49.08M	-	55.84M	72.71M	-	86.98M	-	128.14M
Gross Profit	8.07M	5.18M	15.95M	19.11M	27.66M	27.96M	31.99M	20.79M	26.12M	32.56M	37.28M	45.51M	85.93M	85.93M	114.19M	150.37M	150.37M	181.05M	181.05M	278.87M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	59.73M	-	79.53M	89.63M	-	102.25M	-	129.25M
Operating Income	-4.79M	-11.63M	-3.55M	-451.00K	-218.00K	-1.74M	-2.89M	-14.39M	-8.88M	-5.91M	-14.45M	-8.41M	26.19M	26.19M	34.66M	60.74M	60.74M	78.80M	78.80M	149.62M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	31.26M	-	42.32M	66.20M	-	85.36M	-	156.38M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	30.11M	-	37.61M	64.69M	-	83.69M	-	159.08M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	752.00K	-	1.02M	1.29M	-	1.05M	-	1.94M
Net Income	-5.12M	-12.58M	-4.10M	-144.00K	-73.00K	-3.36M	2.82M	-11.70M	-6.62M	428.00K	-9.54M	-4.22M	29.36M	29.36M	36.59M	63.40M	63.40M	82.64M	82.64M	157.14M
Diluted EPS	-0.08	-0.18	-0.06	0.00	0.00	-0.02	0.02	-0.08	-0.04	0.00	-0.06	-0.03	0.16	0.16	0.20	0.34	0.34	0.44	0.44	0.82
R&D Expense	6.99M	9.69M	11.80M	10.99M	16.68M	18.16M	20.53M	22.64M	21.74M	24.24M	30.41M	31.74M	-	36.26M	-	-	52.45M	-	57.92M	78.48M

Profit & Loss (Annual)

Figures in USD.

Metric	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025	May 2025
Revenue	53.84M	58.70M	106.48M	184.19M	192.97M	436.77M	436.77M
Cost of Revenue	-	-	42.46M	78.00M	73.54M	153.87M	-
Gross Profit	46.11M	38.28M	64.02M	106.19M	119.43M	282.91M	282.91M
Operating Expenses	-	-	82.85M	125.02M	155.72M	244.91M	-
Operating Income	2.07M	-25.23M	-18.83M	-18.83M	-36.29M	38.00M	37.12M
EBITDA	-	-	-14.04M	-9.31M	-22.52M	59.94M	-
Interest Expense	-	-	-	-	-	-	-
Pretax Income	-	-	-22.21M	-17.91M	-22.75M	54.87M	-
Tax Provision	-	-	-37.00K	-1.37M	5.62M	2.69M	-
Net Income	1.33M	-27.51M	-22.18M	-16.55M	-28.37M	52.18M	52.18M
Diluted EPS	0.00	-0.40	-0.25	-0.11	-0.18	0.29	0.29
R&D Expense	27.56M	34.84M	47.95M	76.77M	95.53M	-	145.99M

Compounded Sales Growth

5 Years:	60.08%
1 Year:	201.50%

Compounded Profit Growth

5 Years:	111.77%
1 Year:	412.50%

Stock Price Performance

1 Year:	+287.19%
6 Months:	+53.09%
3 Months:	+110.23%
1 Month:	+34.28%

Balance Sheet (Annual)

Figures in USD.

Metric	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025	May 2025
Total Assets	-	-	155.49M	375.69M	397.29M	601.93M	809.26M	809.26M
Current Assets	-	-	-	332.18M	328.23M	530.26M	713.53M	-
Cash & Equivalents	-	-	103.76M	259.32M	108.58M	66.94M	236.33M	236.33M
Inventory	-	-	-	27.34M	46.02M	25.91M	90.03M	-
Receivables	-	-	-	29.52M	49.54M	59.66M	162.14M	-
Total Liabilities	-	-	12.96M	41.53M	49.65M	61.73M	127.67M	127.67M
Current Liabilities	-	-	12.53M	26.50M	31.03M	44.62M	107.71M	107.71M
Long Term Debt	-	-	-	-	-	-	-	-
Total Debt	-	-	-	17.19M	15.50M	13.87M	16.04M	-
Total Equity	-12.82M	-9.41M	-55.43M	334.16M	347.63M	540.20M	681.58M	681.58M
Shares Outstanding	-	-	-	144.75M	148.65M	164.31M	171.17M	-

Cash Flows (Annual)

Figures in USD.

Metric	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025	May 2025
Operating Cash Flow	-10.25M	-42.36M	-30.83M	-24.61M	32.74M	65.08M	65.08M
Investing Cash Flow	-8.83M	-6.06M	-17.58M	-130.94M	-249.49M	111.99M	111.99M
Financing Cash Flow	61.21M	77.89M	204.18M	4.88M	175.28M	-7.73M	-7.73M
Capital Expenditure	-8.83M	-6.06M	-17.58M	-21.71M	-15.65M	-36.06M	-36.06M
Free Cash Flow	-19.09M	-48.42M	-48.41M	-46.33M	17.09M	29.02M	29.02M
Net Change in Cash	-	-	155.77M	-150.67M	-41.47M	169.34M	-
Share Buybacks	0	22.91M	0	0	-	-	-

Ratios (Annual)

Figures in %.

Metric	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025	May 2025
Gross Margin %	85.6%	65.2%	60.1%	57.7%	61.9%	64.8%	64.8%
Operating Margin %	3.8%	-43.0%	-17.7%	-10.2%	-18.8%	8.7%	8.5%
Net Margin %	2.5%	-46.9%	-20.8%	-9.0%	-14.7%	11.9%	11.9%
ROE %	-14.1%	49.6%	-6.6%	-4.8%	-5.3%	7.7%	7.7%
ROCE %	-	-17.7%	-5.4%	-5.1%	-6.5%	5.4%	5.3%

Shareholding Pattern

Insiders

11.14%

Institutions

76.46%

Public Float

86.05%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	10.75%	19.82M	$4.68B
2	Vanguard Portfolio Management LLC	4.88%	9.00M	$2.12B
3	Point72 Asset Management, L.P.	4.06%	7.48M	$1.77B
4	Vanguard Capital Management LLC	3.92%	7.23M	$1.71B
5	State Street Corporation	2.64%	4.87M	$1.15B
6	Geode Capital Management, LLC	2.37%	4.38M	$1.03B
7	Wellington Management Group, LLP	1.85%	3.41M	$805.31M
8	FMR, LLC	1.48%	2.73M	$643.77M
9	Srs Investment Management, Llc	1.36%	2.51M	$591.45M
10	Alliancebernstein L.P.	1.08%	1.98M	$468.41M

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