INDI

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indie Semiconductor, Inc.

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Key Metrics

Previous Close: $4.01
52-Week Range: $2.32 – $6.05
Market Cap: $845.15M
P/E (TTM): —
EPS (TTM): -0.73
Dividend Yield: —

Advanced Metrics

Price/Book: 2.58
PEG Ratio: —
Return on Equity: -42.86%
Return on Assets: -10.55%
Gross Margin: -27.05%
Operating Margin: -54.81%
Profit Margin: -64.79%
Current Ratio: 3.65
Debt/Equity: 1.34
Total Debt: $431.30M
Free Cash Flow: $-17.65M
Revenue Growth: 24.00%
Earnings Growth: —
Enterprise Value: $1.19B

INDI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$110.80M	$223.17M	$216.68M	$217.39M
Cost of Revenue	$60.49M	$133.61M	$126.37M	$130.76M
Gross Profit	$50.31M	$89.56M	$90.31M	$86.63M
Research & Development	$121.20M	$154.51M	$175.11M	$154.09M
Selling, General & Admin	$48.24M	$70.48M	$80.94M	$77.69M
Operating Expenses	$169.43M	$224.99M	$256.06M	$231.78M
Operating Income	-$119.13M	-$135.42M	-$165.75M	-$145.15M
EBITDA	-$35.67M	-$90.16M	-$93.94M	-$94.18M
Pretax Income	-$53.82M	-$133.37M	-$146.11M	-$153.72M
Income Tax	-$1.03M	-$4.53M	-$1.92M	-$3.01M
Net Income	-$43.40M	-$117.63M	-$132.60M	-$143.07M
Diluted EPS	-0.42	-0.81	-0.76	-0.73
Diluted Shares	118.66M	145.19M	175.03M	197.25M

INDI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$321.63M	$151.68M	$274.25M	$145.46M
Receivables	$26.44M	$63.60M	$52.01M	$57.48M
Inventory	$13.26M	$33.14M	$49.89M	$48.62M
Current Assets	$373.87M	$271.82M	$408.75M	$285.77M
Total Assets	$603.35M	$818.88M	$941.39M	$840.79M
Current Liabilities	$63.96M	$138.88M	$84.88M	$76.55M
Long-Term Debt	$155.70M	$156.74M	$369.10M	$339.83M
Total Debt	$183.47M	$174.34M	$398.58M	$369.67M
Total Liabilities	$289.02M	$341.85M	$495.99M	$456.77M
Retained Earnings	-$243.82M	-$361.44M	-$494.04M	-$637.11M
Shareholders' Equity	$312.81M	$446.15M	$417.89M	$358.03M
Working Capital	$309.90M	$132.94M	$323.87M	$209.22M
Net Debt	—	$9.16M	$107.07M	$207.94M

INDI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$76.75M	-$104.39M	-$58.60M	-$57.13M
Capital Expenditure	-$7.57M	-$12.75M	-$16.06M	-$14.29M
Free Cash Flow	-$84.31M	-$117.14M	-$74.66M	-$71.42M
Depreciation & Amortisation	$16.76M	$34.59M	$43.06M	$43.59M
Stock-Based Compensation	$41.88M	$43.71M	$67.24M	$65.11M
Investing Cash Flow	-$16.27M	-$107.74M	-$19.26M	-$31.97M
Financing Cash Flow	$192.66M	$43.57M	$209.33M	-$38.94M
Share Repurchases	-$7.40M	$0.00	$0.00	—
Net Change in Cash	$99.64M	-$168.56M	$131.47M	-$128.04M

INDI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$54.08M	$51.63M	$53.68M	$58.01M	$55.46M
Cost of Revenue	$31.53M	$30.69M	$32.17M	$36.37M	$34.38M
Gross Profit	$22.55M	$20.94M	$21.50M	$21.64M	$21.08M
Research & Development	$42.12M	$38.47M	$37.99M	$35.52M	$38.53M
Selling, General & Admin	$19.37M	$18.36M	$20.82M	$19.15M	$21.42M
Operating Expenses	$61.48M	$56.83M	$58.80M	$54.67M	$59.95M
Operating Income	-$38.93M	-$35.89M	-$37.30M	-$33.03M	-$38.87M
EBITDA	-$22.08M	-$25.29M	-$25.64M	-$21.17M	-$31.05M
Pretax Income	-$37.12M	-$41.05M	-$41.06M	-$34.50M	-$47.44M
Income Tax	$56.00K	$565.00K	-$363.00K	-$3.27M	-$319.00K
Net Income	-$34.55M	-$39.04M	-$38.29M	-$31.19M	-$43.19M
Diluted EPS	-0.18	-0.20	-0.19	-0.16	-0.21
Diluted Shares	191.46M	195.37M	199.33M	203.06M	207.03M

INDI Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$236.61M	$192.56M	$160.87M	$145.46M	$174.43M
Receivables	$62.88M	$59.13M	$53.25M	$57.48M	$60.50M
Inventory	$47.82M	$47.03M	$45.62M	$48.62M	$57.04M
Current Assets	$381.71M	$331.76M	$297.09M	$285.77M	$327.16M
Total Assets	$909.02M	$867.63M	$855.07M	$840.79M	$869.56M
Current Liabilities	$72.04M	$76.48M	$79.16M	$76.55M	$79.64M
Long-Term Debt	$367.04M	$338.23M	$339.15M	$339.83M	$402.82M
Total Debt	$395.80M	$369.04M	$370.45M	$369.67M	$430.91M
Total Liabilities	$477.29M	$452.53M	$462.15M	$456.77M	$520.61M
Retained Earnings	-$528.59M	-$567.63M	-$605.92M	-$637.11M	-$680.30M
Shareholders' Equity	$405.57M	$390.41M	$369.21M	$358.03M	$324.60M
Working Capital	$309.68M	$255.28M	$217.93M	$209.22M	$247.52M
Net Debt	$142.42M	$159.89M	$192.66M	$207.94M	$240.67M

INDI Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$29.00M	-$7.61M	-$6.17M	-$14.36M	-$22.13M
Capital Expenditure	-$2.38M	-$6.01M	-$4.16M	-$1.74M	-$3.21M
Free Cash Flow	-$31.38M	-$13.62M	-$10.33M	-$16.10M	-$25.34M
Depreciation & Amortisation	$10.52M	$11.23M	$11.07M	$10.77M	$12.04M
Stock-Based Compensation	$17.23M	$14.99M	$18.37M	$14.51M	$19.73M
Investing Cash Flow	-$2.38M	-$6.01M	-$21.84M	-$1.74M	-$3.21M
Financing Cash Flow	-$4.74M	-$29.27M	-$1.92M	-$3.02M	$55.06M
Net Change in Cash	-$36.12M	-$42.89M	-$29.92M	-$19.11M	$29.73M

Market Snapshot

About

indie Semiconductor, Inc. is a fabless designer and supplier of automotive semiconductors and software platforms. The company develops solutions for advanced driver assistance systems (ADAS), connected car applications, user experience technologies, and electrification systems. indie Semiconductor's product portfolio includes radar sensors, vision processing chips, LED lighting drivers, and power management solutions designed specifically for automotive applications. The company partners with automotive OEMs and Tier 1 suppliers to enable the transition to autonomous, electric, and connected vehicles.