Filing Flows › Credo Technology Group Holding (CRDO) › Q4 FY25
Credo Technology Group Holding (CRDO) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jul 2, 2025
Credo Technology Group Holding (CRDO) reported revenue of $170M for the fourth quarter fiscal 2025 (Q4 FY25), +180% from a year earlier and +26% from the quarter before. Operating margin was 19.9%, net earnings $36.6M (21.5% of revenue).
Credo Technology Group Holding, Q4 FY25: revenue $170M (+180% year over year), operating margin 19.9%, net earnings $36.6M, operating cash flow $57.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $170M | +26% | +180% |
| Gross profit | $114M | +33% | +186% |
| Operating profit | $33.8M | +29% | — |
| Net earnings | $36.6M | +25% | — |
| Operating cash flow | $57.8M | 14× | 14× |
| Free cash flow | $54.2M | — | 56× |
What changed
Revenue was $170.0M in Q4 FY25, up 180% year over year and up 26% from the previous quarter. Product sales was the largest line at 97% of revenue.
Gross margin was 67.2%, up 1.4 points from a year earlier. Operating profit was $33.8M, a 19.9% margin (up 32.8 points year over year). Operating expenses grew 68% against revenue growth of 180%. The fastest-growing cost line was Research & development (+75%). Net earnings were $36.6M. The effective tax rate was 2.7%.
Operating cash flow was $57.8M (up 1291% year over year), 158% of net earnings. Non-cash charges added back $7.7M of depreciation and amortization and $27.9M of share-based compensation. Working capital and other items used $14.3M. Capital expenditures of $3.7M left free cash flow of $54.2M.
Questions
What was Credo Technology Group Holding's revenue in the fourth quarter fiscal 2025?
Credo Technology Group Holding (CRDO) reported revenue of $170M for the fourth quarter fiscal 2025 (Q4 FY25), +180% from a year earlier and +26% from the quarter before.
Was Credo Technology Group Holding profitable in the fourth quarter fiscal 2025?
Operating profit was $33.8M (19.9% of revenue) and net earnings $36.6M.