Credo Technology Group Holding Ltd (CRDO) Balance Sheet
CRDO balance sheet, FY2026
April 30, 2026 · U.S. dollars$2.30B assets = $232.0M liabilities + $2.06B equity
Both columns are drawn to the same scale: what CRDO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CRDO financial health
Descriptive bands, not a rating. Fiscal FY2026.
CRDO balance sheet trends, FY2020–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $108.0MFY2020 | $2.30BFY2026 | +66.4%/yr | |
| Total liabilities | $117.4MFY2020 | $232.0MFY2026 | +12.0%/yr | |
| Shareholders’ equity | −$9.4MFY2020 | $2.06BFY2026 | — | |
| Cash & short-term investments | $73.9MFY2020 | $1.44BFY2026 | +64.1%/yr | |
| Total debt | $98.6MFY2020 | $25.4MFY2026 | −20.2%/yr | |
| Net cash (debt) | −$24.7MFY2020 | $1.42BFY2026 | +$1.4B | |
| Working capital | $77.3MFY2020 | $1.80BFY2026 | +$1.7B | |
| Book value per share | −$0.13FY2020 | $10.96FY2026 | — | |
| Debt / equity | 0.05FY2022 | 0.01FY2026 | −0.04 | |
| Shares outstanding | 72.7MFY2020 | 188.2MFY2026 | +17.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRDO assets
CRDO liabilities and equity
CRDO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CRDO balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $1.44B | $431.3M | $410.0M | $217.8M | $259.3M | $103.8M | $73.9M |
| Cash & equivalents | $1.16B | $236.3M | $66.9M | $108.6M | $259.3M | $103.8M | $73.9M |
| Short-term investments | $278.3M | $195.0M | $343.1M | $109.2M | $0 | — | — |
| Receivables | $233.4M | $162.1M | $81.2M | $59.0M | $39.6M | $18.2M | $18.0M |
| Inventory | $250.8M | $90.0M | $25.9M | $46.0M | $27.3M | $7.1M | $2.3M |
| Other current assets | $73.6M | $30.0M | $13.1M | $5.4M | $5.9M | $8.7M | $1.6M |
| Total current assets | $2.00B | $713.5M | $530.3M | $328.2M | $332.2M | $137.8M | $95.8M |
| Property, plant & equipment (net) | $126.2M | $78.9M | $56.7M | $55.1M | $38.8M | $14.2M | $10.7M |
| Goodwill & intangible assets | $122.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $46.2M | $16.9M | $14.9M | $14.0M | $4.7M | $3.5M | $1.5M |
| Total assets | $2.30B | $809.3M | $601.9M | $397.3M | $375.7M | $155.5M | $108.0M |
| Liabilities | |||||||
| Accounts payable | $107.3M | $56.2M | $13.4M | $6.1M | $8.5M | $3.6M | $2.5M |
| Short-term debt | $4.8M | $3.3M | $2.7M | $2.6M | $2.4M | — | $2.7M |
| Deferred revenue | — | — | $3.9M | $4.0M | $1.2M | $4.1M | $4.5M |
| Total current liabilities | $197.1M | $107.7M | $44.6M | $31.0M | $26.5M | $12.5M | $18.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $25.4M | $16.0M | $13.9M | $12.9M | $17.2M | $0 | — |
| Other long-term liabilities | $34.9M | $20.0M | $17.1M | $18.6M | $15.0M | $198.4M | $98.9M |
| Total liabilities | $232.0M | $127.7M | $61.7M | $49.7M | $41.5M | $210.9M | $117.4M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $9,000 | $8,000 | $8,000 | $7,000 | $7,000 | $3,000 | $4,000 |
| Retained earnings (deficit) | $389.1M | −$83.2M | −$135.3M | −$107.0M | −$90.4M | −$68.3M | −$18.8M |
| Accumulated other comprehensive income | $2.4M | −$437,000 | −$519,000 | −$191,000 | $23,000 | $227,000 | −$151,000 |
| Total shareholders' equity | $2.06B | $681.6M | $540.2M | $347.6M | $334.2M | −$55.4M | −$9.4M |
| Key figures | |||||||
| Total debt | $25.4M | $16.0M | $13.9M | $15.5M | $17.2M | $198.0M | $98.6M |
| Net cash (debt) | $1.42B | $415.3M | $396.1M | $202.3M | $242.1M | −$94.2M | −$24.7M |
| Working capital | $1.80B | $605.8M | $485.6M | $297.2M | $305.7M | $125.3M | $77.3M |
| Tangible book value | $1.94B | $681.6M | $540.2M | $347.6M | $334.2M | −$55.4M | −$9.4M |
| Book value per share | $10.96 | $3.76 | $3.48 | $2.37 | $2.30 | −$0.40 | −$0.13 |
| Shares outstanding | 188.2M | 181.2M | 155.1M | 146.6M | 145.0M | 139.9M | 72.7M |
| Current ratio | 10.15 | 6.62 | 11.88 | 10.58 | 12.54 | 11.00 | 5.16 |
| Quick ratio | 8.51 | 5.51 | 11.01 | 8.92 | 11.28 | 9.73 | 4.95 |
| Debt / equity | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 | — | — |
| Equity / assets | 89.9% | 84.2% | 89.7% | 87.5% | 88.9% | −35.6% | −8.7% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $764.3M | $1.44B | $1.30B | $813.6M | $479.6M | $431.3M | $379.2M | $383.0M | $398.6M | $410.0M | $409.1M | $240.5M |
| Cash & equivalents | $466.9M | $1.16B | $1.22B | $567.6M | $219.6M | $236.3M | $299.2M | $239.2M | $103.9M | $66.9M | $96.1M | $129.0M |
| Short-term investments | $297.4M | $278.3M | $81.0M | $246.0M | $260.0M | $195.0M | $80.0M | $143.7M | $294.7M | $343.1M | $313.1M | $111.5M |
| Receivables | $288.8M | $233.4M | $243.2M | $245.2M | $192.0M | $162.1M | $170.7M | $101.8M | $96.3M | $81.2M | $62.7M | $44.8M |
| Inventory | $313.1M | $250.8M | $208.0M | $150.2M | $116.7M | $90.0M | $53.2M | $36.3M | $31.6M | $25.9M | $31.5M | $35.8M |
| Other current assets | $100.2M | $73.6M | $34.0M | $34.5M | $15.3M | $30.0M | $16.0M | $17.2M | $15.9M | $13.1M | $8.1M | $7.3M |
| Total current assets | $1.47B | $2.00B | $1.79B | $1.24B | $803.6M | $713.5M | $619.1M | $538.3M | $542.4M | $530.3M | $511.4M | $328.3M |
| Property, plant & equipment (net) | $139.5M | $126.2M | $121.5M | $101.7M | $84.3M | $78.9M | $83.2M | $83.4M | $86.1M | $56.7M | $58.5M | $58.5M |
| Goodwill & intangible assets | $1.37B | $122.1M | $88.5M | $86.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $41.6M | $46.2M | $40.8M | $18.2M | $17.3M | $16.9M | $17.6M | $16.9M | $16.4M | $14.9M | $22.5M | $19.0M |
| Total assets | $3.01B | $2.30B | $2.04B | $1.45B | $905.2M | $809.3M | $719.9M | $638.6M | $644.9M | $601.9M | $592.5M | $405.8M |
| Liabilities | ||||||||||||
| Accounts payable | $101.8M | $107.3M | $93.8M | $64.1M | $54.9M | $56.2M | $36.8M | $13.0M | $38.5M | $13.4M | $10.3M | $10.9M |
| Short-term debt | — | $4.8M | $3.7M | $3.6M | $3.3M | $3.3M | $3.2M | $3.0M | $3.1M | $2.7M | $2.8M | $2.6M |
| Deferred revenue | — | — | — | — | $3.1M | — | $1.4M | $2.0M | $2.9M | $3.9M | $4.7M | $4.8M |
| Total current liabilities | $198.2M | $197.1M | $165.2M | $140.4M | $108.4M | $107.7M | $80.7M | $49.6M | $69.4M | $44.6M | $40.2M | $37.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $26.2M | $25.4M | $16.3M | $16.4M | $15.6M | $16.0M | $16.1M | $16.0M | $16.7M | $13.9M | $14.4M | $11.6M |
| Other long-term liabilities | $86.1M | $34.9M | $23.3M | $22.8M | $15.4M | $20.0M | $21.0M | $21.0M | $22.3M | $17.1M | $18.3M | $19.0M |
| Total liabilities | $284.2M | $232.0M | $188.5M | $163.2M | $123.8M | $127.7M | $101.7M | $70.6M | $91.8M | $61.7M | $58.5M | $56.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 |
| Retained earnings (deficit) | $518.5M | $389.1M | $220.0M | $62.9M | −$19.8M | −$83.2M | −$119.8M | −$149.1M | −$144.9M | −$135.3M | −$124.9M | −$125.3M |
| Accumulated other comprehensive income | −$138,000 | $2.4M | $2.1M | −$632,000 | −$428,000 | −$437,000 | −$403,000 | −$310,000 | −$375,000 | −$519,000 | −$335,000 | −$576,000 |
| Total shareholders' equity | $2.73B | $2.06B | $1.85B | $1.29B | $781.4M | $681.6M | $618.2M | $567.9M | $553.1M | $540.2M | $534.0M | $349.5M |
| Key figures | ||||||||||||
| Total debt | $20.7M | $25.4M | $16.3M | $16.4M | $15.6M | $16.0M | $16.1M | $16.0M | $16.7M | $13.9M | $14.4M | $14.2M |
| Net cash (debt) | $743.5M | $1.42B | $1.29B | $797.1M | $464.0M | $415.3M | $363.1M | $367.0M | $382.0M | $396.1M | $394.7M | $226.3M |
| Working capital | $1.27B | $1.80B | $1.62B | $1.10B | $695.2M | $605.8M | $538.4M | $488.6M | $472.9M | $485.6M | $471.2M | $291.1M |
| Tangible book value | $1.36B | $1.94B | $1.76B | $1.20B | $781.4M | $681.6M | $618.2M | $567.9M | $553.1M | $540.2M | $534.0M | $349.5M |
| Book value per share | $14.04 | $10.71 | $9.63 | $6.85 | $4.23 | $3.74 | $3.39 | $3.41 | $3.35 | $3.30 | $3.19 | $2.33 |
| Shares outstanding | 194.4M | 192.7M | 192.0M | 187.7M | 184.6M | 182.1M | 182.5M | 166.5M | 165.1M | 163.7M | 167.2M | 150.2M |
| Current ratio | 7.40 | 10.15 | 10.82 | 8.86 | 7.41 | 6.62 | 7.67 | 10.84 | 7.81 | 11.88 | 12.72 | 8.82 |
| Quick ratio | 5.31 | 8.51 | 9.35 | 7.54 | 6.20 | 5.51 | 6.81 | 9.76 | 7.13 | 11.01 | 11.74 | 7.66 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 |
| Equity / assets | 90.6% | 89.9% | 90.8% | 88.7% | 86.3% | 84.2% | 85.9% | 88.9% | 85.8% | 89.7% | 90.1% | 86.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 15, 2026); data from EODHD.
CRDO financial position
At the end of fiscal 2026 (April 30, 2026), Credo Technology had total assets of $2.3 billion (up 183.7% from a year earlier), total liabilities of $232.0 million and shareholders' equity of $2.1 billion. It held $1.4 billion in cash and short-term investments against $25.4 million of debt, a net cash position of $1.4 billion. Its current ratio was 10.15. In the latest quarter (ended July 31, 2026) total assets were $3.0 billion and equity $2.7 billion.
Related: CRDO income statement, CRDO cash flow statement, CRDO key metrics. See the CRDO stock overview for the latest quote and news.
CRDO balance sheet FAQ
What are Credo Technology's total assets?
Credo Technology reported total assets of $2.3 billion at the end of fiscal 2026 (April 30, 2026), compared with $809.3 million a year earlier.
How much debt does Credo Technology have?
Credo Technology had $25.4 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Credo Technology have?
Credo Technology held $1.4 billion in cash and short-term investments at the end of fiscal 2026; with $25.4 million of debt that is net cash of $1.4 billion.
What is Credo Technology's book value?
Credo Technology's shareholders' equity (book value) was $2.1 billion at the end of fiscal 2026, or $10.96 per share.
What is Credo Technology's current ratio?
Credo Technology had current assets of $2.0 billion and current liabilities of $197.1 million, a current ratio of 10.15 (it can cover its short-term obligations).
How much goodwill does Credo Technology have?
Credo Technology carried $122.1 million of goodwill and intangible assets, 5.3% of total assets, at the end of fiscal 2026.