Income StatementBalance SheetCash FlowSegments
Credo Technology Group Holding Ltd logo

Credo Technology Group Holding Ltd Cash Flow Statement

Operating, investing, and financing cash movements

Credo Technology Group Holding Ltd generated $339.9M in operating cash flow over the trailing twelve months. After $56.2M in capital expenditures, free cash flow was $283.7M. Free cash flow increased 13.8% year-over-year. Based on the Q4 2025 filing.

Net Cash From Operating (TTM)$339.9MNet Cash From Investing (TTM)-$18.4MNet Cash From Financing (TTM)$721.0MCapital Expenditures (TTM)$56.2MDepreciation And Amortization Cf (TTM)$26.3MNet Change In Cash (TTM)$101.1M
Latest FilingQ4 2025
Report Date2026-03-03
Market Cap$34.0B
P/E Ratio100.18
ROE27.54%

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid-$19.4M$875.0K$36.0K$9.7M-$213.0K-$2.4M
Income taxes paid$361.8K$361.8K$361.8K———
Capital expenditures incurred but not yet paid-$19.4M$875.0K$36.0K$9.7M-$213.0K-$2.4M
Capital Expenditures Incurred but Not Yet Paid-$19.4M$875.0K$36.0K$9.7M-$213.0K-$2.4M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Inventory write-down$2.5M$2.1M$3.6M$2.0M$6.1M$3.7M
Change in accounts payable-$7.2M$23.8M$19.6M-$9.0M$14.6M$30.7M
Change in accounts receivable$9.9M$75.4M$5.0M$19.1M$64.0M-$2.0M
Change in inventories$7.3M$19.1M$38.8M$27.5M$38.9M$61.5M
Change in other assets-$569.0K-$412.0K-$461.0K-$495.0K-$1.2M$22.5M
Change in other current assets-$3.1M-$7.6M—-$3.9M$5.9M$1.8M
Depreciation and amortization$5.0M$5.1M$7.6M$5.5M$6.5M$6.7M
Net cash from operating activities$10.3M$4.2M$57.8M$54.2M$61.7M$166.2M
Net income-$4.2M$29.4M$36.6M$63.4M$82.6M$157.1M
Warrant contra revenue$2.6M$7.4M$0.0$0.0$0.0$0.0
Accrued compensation and benefits, other current liabilities and other non-current liabilities$8.5M$6.7M—-$1.0M$13.9M-$420.0K
Increase (Decrease) in Other Current Assets-$3.1M-$7.6M—-$3.9M$5.9M$1.8M
Inventory write-downs$2.5M$2.1M$3.6M$2.0M$6.1M$3.7M
Stock-based compensation$16.7M$16.2M$27.9M$35.5M$45.3M$52.2M
Inventory and Purchase Commitments Write-downs$2.5M$2.1M$3.6M$2.0M$6.1M$3.7M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$21.9M$4.6M$3.7M$2.8M$23.2M$26.5M
Payments to Acquire Short-Term Investments$0.0$0.0$145.0M$115.0M$0.0$0.0
Proceeds from Maturities, Prepayments and Calls of Short-Term Investments$101.7M$101.7M$101.7M———
Proceeds from maturities of short-term investments$151.0M$63.7M—$50.0M$14.0M$165.0M
Net cash from investing activities$129.1M$59.1M—-$67.8M-$91.7M$138.5M
Proceeds from maturities/sales of investments$151.0M$63.7M$30.0M$50.0M$14.0M$165.0M
Purchases of investments$0.0$0.0$145.0M$115.0M$0.0$0.0

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payments For Recorded Unconditional Purchase Obligation$3.7M$838.0K$912.0K$3.9M$906.0K$906.0K
Proceeds from exercises of stock options and other stock issuances$871.0K$2.4M—$4.6M$529.0K$1.4M
Net cash from financing activities-$4.0M-$3.3M-$2.0M-$3.0M$377.9M$348.0M
Proceeds from issuance of common stock-$3.5M$0.0$7.8M$4.6M$380.0M$351.7M
Taxes paid for net share settlement$1.2M$4.9M$2.1M$3.7M$6.3M$4.2M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow-$11.7M-$383.0K$54.2M$51.3M$38.5M$139.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash$26.0K-$28.0K—-$69.0K$122.0K$152.0K
Net increase (decrease) in cash$135.3M$60.0M—-$16.7M$347.9M$652.9M
Accrued payables for capital expenditures-$19.4M$875.0K$36.0K$9.7M-$213.0K-$2.4M