CRDO Credo Technology Group Holding Ltd
FY2025 10-K
Credo Technology Group Holding Ltd (CRDO) filed its fiscal year 2025 10-K annual report with the SEC on Jul 2, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: High-speed connectivity solutions for AI, cloud, hyperscale data centers via SerDes and DSP tech in Ethernet & PCIe markets
- • New products FY2025: Lark family 800G DSPs including power-efficient 800G LRO DSP, PILOT software platform launched for predictive link integrity
Management Discussion & Analysis
- • Revenue $436.8M, up 126.3% YoY from $193.0M, driven by product sales increase of $267.1M (+184.2%), offset by declines in product engineering (-39.1%) and IP license revenue (-55.5%)
- • Gross margin 64.8% vs 61.9%; operating income 8.5% of revenue vs operating loss of 19.2% prior year; net income $52.2M vs net loss $28.4M
Risk Factors
- • Regulatory risk: U.S. April 2025 tariff imposing across-the-board 10% tariffs plus higher tariffs on China, with pending Section 232 investigations on semiconductor products
- • Macroeconomic risk: Single customer contributed 67% of fiscal 2025 revenue, with order reductions in Feb 2023 impacting fiscal 2023 Q4 and fiscal 2024 revenue expectations
Financial SummaryXBRL
Revenue
$437M
Net Income
$52M
Gross Margin
64.8%
Operating Margin
8.5%
Net Margin
11.9%
ROE
7.7%
Total Assets
$809M
EPS (Diluted)
$0.29
Operating Cash Flow
$65M
Source: XBRL data from Credo Technology Group Holding Ltd FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Credo Technology Group Holding Ltd
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.