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Side-by-side financial comparison of Credo Technology Group Holding Ltd (CRDO) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Credo Technology Group Holding Ltd is the larger business by last-quarter revenue ($268.0M vs $140.7M, roughly 1.9× Purple Innovation, Inc.). Credo Technology Group Holding Ltd runs the higher net margin — 30.8% vs -2.3%, a 33.1% gap on every dollar of revenue. On growth, Credo Technology Group Holding Ltd posted the faster year-over-year revenue change (272.1% vs 9.1%). Credo Technology Group Holding Ltd produced more free cash flow last quarter ($38.5M vs $-7.8M). Over the past eight quarters, Credo Technology Group Holding Ltd's revenue compounded faster (124.8% CAGR vs 8.3%).
Seiko Group is a corporate group composed of Seiko Group Corporation and its subsidiaries and affiliates. It used to be recognized as a corporate group consisting of three core companies Seiko Holdings Corp., Seiko Instruments Inc., and Seiko Epson Corp. The three companies were linked by a common thread of timepiece technology. Although Epson still develops and manufactures wristwatches for the Seiko Group, Epson and its subsidiaries are not considered part of the group.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
CRDO vs PRPL — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $268.0M | $140.7M |
| Net Profit | $82.6M | $-3.2M |
| Gross Margin | 67.5% | 41.9% |
| Operating Margin | 29.4% | -1.6% |
| Net Margin | 30.8% | -2.3% |
| Revenue YoY | 272.1% | 9.1% |
| Net Profit YoY | 2055.9% | 62.1% |
| EPS (diluted) | $0.44 | $0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $268.0M | $140.7M | ||
| Q3 25 | $223.1M | $118.8M | ||
| Q2 25 | $170.0M | $105.1M | ||
| Q1 25 | $135.0M | $104.2M | ||
| Q4 24 | $72.0M | $129.0M | ||
| Q3 24 | $59.7M | $118.6M | ||
| Q2 24 | $60.8M | $120.3M | ||
| Q1 24 | $53.1M | $120.0M |
| Q4 25 | $82.6M | $-3.2M | ||
| Q3 25 | $63.4M | $-11.7M | ||
| Q2 25 | $36.6M | $-17.3M | ||
| Q1 25 | $29.4M | $-19.1M | ||
| Q4 24 | $-4.2M | $-8.5M | ||
| Q3 24 | $-9.5M | $-39.2M | ||
| Q2 24 | $-10.5M | $27.0K | ||
| Q1 24 | $428.0K | $-50.2M |
| Q4 25 | 67.5% | 41.9% | ||
| Q3 25 | 67.4% | 42.8% | ||
| Q2 25 | 67.2% | 35.9% | ||
| Q1 25 | 63.6% | 39.4% | ||
| Q4 24 | 63.2% | 42.9% | ||
| Q3 24 | 62.4% | 29.7% | ||
| Q2 24 | 65.8% | 40.7% | ||
| Q1 24 | 61.4% | 34.8% |
| Q4 25 | 29.4% | -1.6% | ||
| Q3 25 | 27.2% | -10.2% | ||
| Q2 25 | 19.9% | -13.5% | ||
| Q1 25 | 19.4% | -13.9% | ||
| Q4 24 | -11.7% | -6.0% | ||
| Q3 24 | -24.2% | -39.5% | ||
| Q2 24 | -13.0% | -12.1% | ||
| Q1 24 | -11.1% | -19.3% |
| Q4 25 | 30.8% | -2.3% | ||
| Q3 25 | 28.4% | -9.9% | ||
| Q2 25 | 21.5% | -16.5% | ||
| Q1 25 | 21.7% | -18.4% | ||
| Q4 24 | -5.9% | -6.6% | ||
| Q3 24 | -16.0% | -33.1% | ||
| Q2 24 | -17.2% | 0.0% | ||
| Q1 24 | 0.8% | -41.8% |
| Q4 25 | $0.44 | $0.03 | ||
| Q3 25 | $0.34 | $0.11 | ||
| Q2 25 | $0.22 | $0.16 | ||
| Q1 25 | $0.16 | $0.18 | ||
| Q4 24 | $-0.03 | $0.08 | ||
| Q3 24 | $-0.06 | $0.36 | ||
| Q2 24 | $-0.06 | $0.00 | ||
| Q1 24 | $0.00 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $813.6M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $1.3B | $-29.7M |
| Total Assets | $1.4B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $813.6M | $24.3M | ||
| Q3 25 | $479.6M | $32.4M | ||
| Q2 25 | $431.3M | $34.2M | ||
| Q1 25 | $379.2M | $21.6M | ||
| Q4 24 | $383.0M | $29.0M | ||
| Q3 24 | $398.6M | $23.4M | ||
| Q2 24 | $410.0M | $23.4M | ||
| Q1 24 | $409.1M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.3B | $-29.7M | ||
| Q3 25 | $781.4M | $-26.9M | ||
| Q2 25 | $681.6M | $-15.6M | ||
| Q1 25 | $618.2M | $1.3M | ||
| Q4 24 | $567.9M | $20.2M | ||
| Q3 24 | $553.1M | $28.0M | ||
| Q2 24 | $540.2M | $66.4M | ||
| Q1 24 | $534.0M | $65.5M |
| Q4 25 | $1.4B | $296.3M | ||
| Q3 25 | $905.2M | $302.1M | ||
| Q2 25 | $809.3M | $303.8M | ||
| Q1 25 | $719.9M | $293.8M | ||
| Q4 24 | $638.6M | $307.8M | ||
| Q3 24 | $644.9M | $309.3M | ||
| Q2 24 | $601.9M | $362.1M | ||
| Q1 24 | $592.5M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $61.7M | $-5.8M |
| Free Cash FlowOCF − Capex | $38.5M | $-7.8M |
| FCF MarginFCF / Revenue | 14.4% | -5.5% |
| Capex IntensityCapex / Revenue | 8.7% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.75× | — |
| TTM Free Cash FlowTrailing 4 quarters | $143.6M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.7M | $-5.8M | ||
| Q3 25 | $54.2M | $-968.0K | ||
| Q2 25 | $57.8M | $-4.0M | ||
| Q1 25 | $4.2M | $-23.1M | ||
| Q4 24 | $10.3M | $6.8M | ||
| Q3 24 | $-7.2M | $1.1M | ||
| Q2 24 | $4.2M | $-8.9M | ||
| Q1 24 | $-1.0M | $-16.8M |
| Q4 25 | $38.5M | $-7.8M | ||
| Q3 25 | $51.3M | $-1.8M | ||
| Q2 25 | $54.2M | $-7.0M | ||
| Q1 25 | $-383.0K | $-25.3M | ||
| Q4 24 | $-11.7M | $5.7M | ||
| Q3 24 | $-13.1M | $101.0K | ||
| Q2 24 | $962.0K | $-11.0M | ||
| Q1 24 | $-6.1M | $-19.9M |
| Q4 25 | 14.4% | -5.5% | ||
| Q3 25 | 23.0% | -1.5% | ||
| Q2 25 | 31.9% | -6.6% | ||
| Q1 25 | -0.3% | -24.3% | ||
| Q4 24 | -16.2% | 4.4% | ||
| Q3 24 | -21.9% | 0.1% | ||
| Q2 24 | 1.6% | -9.2% | ||
| Q1 24 | -11.6% | -16.5% |
| Q4 25 | 8.7% | 1.4% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 2.1% | 2.8% | ||
| Q1 25 | 3.4% | 2.2% | ||
| Q4 24 | 30.5% | 0.8% | ||
| Q3 24 | 9.8% | 0.9% | ||
| Q2 24 | 5.3% | 1.7% | ||
| Q1 24 | 9.6% | 2.5% |
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.85× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | -2.42× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRDO
| Other | $132.1M | 49% |
| HK | $104.4M | 39% |
| RESTOFTHEWORLD | $31.5M | 12% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
