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Credo Technology Group Holding Ltd logo

Credo Technology Group Holding Ltd Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Credo Technology Group Holding Ltd holds $2.0B in total assets. Shareholders' equity is $1.8B against $16.3M in total debt. Cash and equivalents total $1.2B. The current ratio is 10.82 and debt-to-equity is 0.009. Based on the Q4 2025 filing.

Total Assets$2.0BTotal Stockholders Equity$1.8BCash And Equivalents$1.2BTotal Current Assets$1.8BTotal Current Liabilities$165.2M
Latest FilingQ4 2025
Report Date2026-03-03
Market Cap$34.0B
P/E Ratio100.18
ROE27.54%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$13.0M$36.8M$56.2M$54.9M$64.1M$93.8M
Accounts Payable and Accrued Liabilities, Current$25.4M$33.3M$13.5M$6.2M$27.8M$28.6M
Accounts Payable and Equipment Project Payables$25.4M$33.3M$13.5M$6.2M$27.8M$28.6M
Accrued expenses$9.2M$9.2M$16.1M$13.2M$19.3M$14.4M
Accrued liabilities and other current$25.4M$33.3M$13.5M$6.2M$27.8M$28.6M
Accrued Manufacturing Costs$9.2M$9.2M$16.1M$13.2M$19.3M$14.4M
Compensation and benefits$9.2M$9.2M$16.1M$13.2M$19.3M$14.4M
Other accrued liabilities——$35.5M$40.3M$56.9M$57.0M
Lease Liability Payments - 2020 (Remaining Three Months)$2.1M$1.2M—$3.1M$2.2M$1.1M
Operating Lease Liability Payments - 2024 (Lessee)$3.1M$3.3M—$3.6M$4.1M$4.4M
Operating Lease Liability Payments - 2025 (Lessee)$3.2M$3.4M—$2.9M$3.1M$3.2M
Lease Liability Payments - Due Year Two$3.1M$3.3M—$3.6M$4.1M$4.4M
Lease Liability Payments - Due Year Three$3.1M$3.3M—$3.5M$3.9M$4.2M
Lease Liability Payments - Due Year Four$3.2M$3.4M—$2.9M$3.1M$3.2M
Lease Liability Payments - Remainder of Fiscal Year$3.6M$3.8M—$3.6M$4.1M$4.3M
Note payable to DIRECTV——$35.5M$40.3M$56.9M$57.0M
Operating lease liabilities, current$3.0M$3.2M$3.3M$3.3M$3.6M$3.7M
Operating Lease Liability Payments Due$18.9M$19.0M—$17.9M$18.8M$18.5M
Operating Lease Liability - Undiscounted Excess Amount$2.9M$2.8M—$2.3M$2.3M$2.2M
Total current liabilities$49.6M$80.7M$107.7M$108.4M$140.4M$165.2M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$81.8M$157.1M$162.1M$181.2M$245.2M$243.2M
Cash and cash equivalents$239.2M$299.2M$236.3M$219.6M$567.6M$1.2B
Finished goods$14.2M$22.7M$52.7M$71.9M$110.6M$169.1M
Other current assets——$30.0M$26.1M$34.5M$34.0M
Finished goods$14.2M$22.7M$52.7M$71.9M$110.6M$169.1M
Raw materials$9.9M$13.2M$12.7M$16.1M$13.2M$15.3M
Work in process$12.3M$17.3M$24.6M$28.7M$26.4M$23.6M
Inventories$36.3M$53.2M$90.0M$116.7M$150.2M$208.0M
Short-term investments$143.7M$80.0M$195.0M$260.0M$246.0M$81.0M
Total current assets$538.3M$619.2M$713.5M$803.6M$1.2B$1.8B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$717.3M$738.4M$765.2M$801.6M$1.2B$1.6B
Accumulated other comprehensive income (loss)-$310.0K-$403.0K-$437.0K-$428.0K-$632.0K$2.1M
Common stock1B1B1B1B1B1B
Common Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Issued167.2M169.7M171.2M172.9M178.5M184.2M
Common Stock Shares Outstanding$197.1M$283.6M$162.8M$295.1M$476.3M$288.5M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$8.0K$8.0K$8.0K$9.0K$9.0K$9.0K
Retained earnings-$149.1M-$119.8M-$83.2M-$19.8M$62.9M$220.0M
Share-Based Payment Award Options Outstanding - Number5.1M4.2M3.5M2.8M2.5M2.3M
Total liabilities and stockholders' equity$638.6M$719.9M$809.3M$905.2M$1.4B$2.0B
Total stockholders' equity$567.9M$618.2M$681.6M$781.4M$1.3B$1.8B
Weighted Average Exercise Price of Outstanding Options$2.01$2.14$2.23$2.20$2.19$2.22

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$106.1M$110.7M$107.8M$119.1M$142.0M$168.8M
Accounts payable and equipment project payables (Note 12)$25.4M$33.3M$13.5M$6.2M$27.8M$28.6M
Current payables relating to purchases of property and equipment$5.8M$6.5M$8.4M$9.3M$12.2M$11.7M
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$1.0B$1.0B$1.0B$1.0B$1.0B$1.0B
Common stock, shares issued (in shares)$167.2M$169.7M$171.2M$172.9M$178.5M$184.2M
Common Stock, Shares, Outstanding$167.2M$169.7M$171.2M$172.9M$178.5M$184.2M
Accruals relating to inventory purchases——$10.2M$6.0M$13.4M$13.0M
Lessee Operating Lease Liability Payments Due$18.9M$19.0M—$17.9M$18.8M$18.5M
Thereafter$3.9M$4.0M—$1.3M$1.3M$1.3M
Lessee Operating Lease Liability Undiscounted Excess Amount$2.9M$2.8M—$2.3M$2.3M$2.2M
Number of manufacturing supply capacity reservation agreements—————2.00
Operating Lease Weighted Average Discount Rate Percent$0.1$0.1—$0.1$0.1$0.1
Recorded Unconditional Purchase Obligation$83.3M$75.0M—$57.0M$95.3M$175.0M
2024$15.0M$14.2M—$13.1M$9.3M$8.3M
2025$5.8M$5.0M—$5.2M$350.0K$350.0K
Recorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year$46.9M$40.6M——$68.4M$8.1M
2023$15.2M$14.8M—$38.3M$17.2M$158.3M
Unsatisfied performance obligation, amount$4.4M$1.1M—$3.4M$33.9M$31.8M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$5.1M$4.2M$3.5M$2.8M$2.5M$2.3M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$2.0$2.1$2.2$2.2$2.2$2.2
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$197.1M$283.6M$162.8M$295.1M$476.3M$288.5M
Stock issuance costs, total————$7.4M$13.7M
Remainder of Fiscal Year 2024$2.1M$1.2M—$3.1M$2.2M$1.1M
Unrecorded Unconditional Purchase Obligation$15.2M$14.8M—$38.3M$17.2M$158.3M
Unrecorded Unconditional Purchase Obligation - Due Year Two$15.0M$14.2M—$13.1M$9.3M$8.3M
Unrecorded Unconditional Purchase Obligation - Due Year Three$5.8M$5.0M—$5.2M$350.0K$350.0K

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$16.9M$17.6M$16.9M$17.3M$18.2M$40.8M
Goodwill——$0.0—$68.9M$70.9M
Intangible assets, net——$0.0—$17.1M$17.6M
Net Investment in Lease$15.2M$15.3M$15.2M$14.8M$15.7M$15.5M
Other intangible assets—net——$0.0—$17.1M$17.6M
Operating lease right-of-use assets$15.2M$15.3M$15.2M$14.8M$15.7M$15.5M
Other non-current assets$16.9M$17.6M$16.9M$17.3M$18.2M$40.8M
Property, plant and equipment at cost$106.1M$110.7M$107.8M$119.1M$142.0M$168.8M
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$143.7M$80.0M$195.0M$260.0M$246.0M$81.0M
Operating lease right-of-use assets6.3%6.3%1523400000.0%6.4%6.4%6.4%
Operating Lease Right-of-Use Assets in Other Assets$15.2M$15.3M$15.2M$14.8M$15.7M$15.5M
Other non-current assets$16.9M$17.6M$16.9M$17.3M$18.2M$40.8M
Accumulated depreciation$37.9M$42.9M$44.2M$49.7M$56.0M$62.8M
Property and equipment, net$68.2M$67.8M$63.6M$69.4M$86.0M$106.0M
Software and Technology Licenses, Net$16.9M$17.6M$16.9M$17.3M$18.2M$40.8M
Total assets$638.6M$719.9M$809.3M$905.2M$1.4B$2.0B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating Lease Liability Payments - 2026 (Lessee)$3.1M$3.3M—$3.5M$3.9M$4.2M
Operating Lease Liability Payments - 2027 (Lessee)$3.1M$3.3M—$3.5M$3.9M$4.2M
Operating Lease Liability Payments - 2028 (Lessee)$3.2M$3.4M—$2.9M$3.1M$3.2M
Operating lease liabilities, non-current$12.9M$13.0M$12.7M$12.3M$12.8M$12.6M
Operating Lease Liabilities (Total)$16.0M$16.1M$16.0M$15.6M$16.4M$16.3M
Other non-current liabilities$8.1M$8.0M$7.3M$3.1M$10.0M$10.6M
Total liabilities$70.6M$101.7M$127.7M$123.8M$163.2M$188.5M