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CRDO Revenue by Segments

Revenue by Segments

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In Q4'25, CRDO's total revenue reached $170.4M USD, driven primarily by Product sales at $164.5M USD, which dominated the segment breakdown. Product engineering services contributed $1.3M USD, while IP license added $4.2M USD, highlighting Product sales as the overwhelming revenue driver in the latest period. From Q3'23 to Q4'25, Product sales exhibited strong overall growth, rising from $38.0M USD to $164.5M USD with notable acceleration in Q3'25 and Q4'25, indicating robust demand expansion. Product engineering services remained relatively stable and minor, fluctuating between $2.3M USD and $11.8M USD without a clear upward trend, while IP license showed volatility, peaking at $16.6M USD in Q4'24 before settling around $3-4M USD, underscoring Product sales as the key growth engine across the nine-quarter span.