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indie Semiconductor, Inc. (INDI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
indie Semiconductor, Inc. (INDI) stock price & volume — 10-year historical chart
indie Semiconductor, Inc. (INDI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
indie Semiconductor, Inc. (INDI) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.07vs $0.07+0.0% | $58Mvs $57M+1.6% |
| Q4 2025 | Nov 6, 2025 | $0.07vs $0.06-16.7% | $54Mvs $57M-6.0% |
| Q3 2025 | Aug 7, 2025 | $0.08vs $0.08+0.0% | $52Mvs $51M+0.3% |
| Q2 2025 | May 12, 2025 | $0.08vs $0.08+0.0% | $54Mvs $55M-1.2% |
indie Semiconductor, Inc. (INDI) competitors in Analog, Mixed-Signal and RF Chips — business model, growth, and fundamentals comparison
indie Semiconductor, Inc. (INDI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
indie Semiconductor, Inc. (INDI) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 28.73M | 22.71M | 22.61M | 48.41M | 110.8M | 223.17M | 216.68M | 217.39M |
| Revenue Growth % | - | -20.94% | -0.45% | 114.12% | 128.86% | 101.42% | -2.91% | 0.33% |
| Cost of Goods Sold | 19.1M | 35.9M | 13.04M | 28.7M | 60.49M | 278.29M | 126.37M | 129.83M |
| COGS % of Revenue | 66.49% | 158.08% | 57.68% | 59.29% | 54.6% | 124.7% | 58.32% | 59.72% |
| Gross Profit | 9.63M▲ 0% | -13.19M▼ 237.0% | 9.57M▲ 172.5% | 19.71M▲ 106.0% | 50.31M▲ 155.2% | -55.12M▼ 209.6% | 90.31M▲ 263.8% | 87.57M▼ 3.0% |
| Gross Margin % | 33.51% | -58.08% | 42.32% | 40.71% | 45.4% | -24.7% | 41.68% | 40.28% |
| Gross Profit Growth % | - | -237.02% | 172.53% | 105.99% | 155.24% | -209.57% | 263.85% | -3.04% |
| Operating Expenses | 18.42M | 5.72M | 28.81M | 94.5M | 169.43M | 80.31M | 260.39M | 231.78M |
| OpEx % of Revenue | 64.12% | 25.18% | 127.42% | 195.2% | 152.92% | 35.98% | 120.17% | 106.62% |
| Selling, General & Admin | 5.02M | 0 | 6.8M | 36.38M | 48.24M | 0 | 80.94M | 77.69M |
| SG&A % of Revenue | 17.48% | - | 30.06% | 75.15% | 43.54% | - | 37.36% | 35.74% |
| Research & Development | 13.55M | 20.19M | 22.01M | 58.12M | 121.2M | 154.51M | 175.11M | 154.09M |
| R&D % of Revenue | 47.15% | 88.88% | 97.36% | 120.05% | 109.39% | 69.23% | 80.82% | 70.88% |
| Other Operating Expenses | 0 | -14.47M | 0 | 0 | 0 | -74.2M | 4.33M | 0 |
| Operating Income | -8.48M▲ 0% | -18.91M▼ 123.1% | -19.24M▼ 1.8% | -74.79M▼ 288.7% | -119.13M▼ 59.3% | -135.42M▼ 13.7% | -170.08M▼ 25.6% | -144.21M▲ 15.2% |
| Operating Margin % | -29.51% | -83.26% | -85.1% | -154.49% | -107.52% | -60.68% | -78.49% | -66.34% |
| Operating Income Growth % | - | -123.07% | -1.75% | -288.71% | -59.28% | -13.68% | -25.59% | 15.21% |
| EBITDA | -6.65M | -14.92M | -16.59M | -68.83M | -102.37M | -103.58M | -127.02M | -109.14M |
| EBITDA Margin % | -23.15% | -65.71% | -73.37% | -142.17% | -92.39% | -46.41% | -58.62% | -50.2% |
| EBITDA Growth % | - | -124.35% | -11.16% | -314.88% | -48.74% | -1.18% | -22.63% | 14.08% |
| D&A (Non-Cash Add-back) | 1.82M | 3.99M | 2.65M | 5.97M | 16.76M | 31.85M | 43.06M | 35.08M |
| EBIT | -8.48M | -18.91M | -96.14M | -117.69M | -52.43M | -121.79M | -137M | -137.06M |
| Net Interest Income | 0 | 2.46M | -2.17M | -1.19M | 875K | -849K | -4.67M | -10.35M |
| Interest Income | 1.82M | 2.46M | 25K | 49K | 2.57M | 7.8M | 4.59M | 7.29M |
| Interest Expense | 0 | 0 | 2.19M | 1.24M | 1.69M | 8.65M | 9.26M | 17.64M |
| Other Income/Expense | -1.63M | -2.02M | -79.09M | -44.14M | 65.31M | 2.06M | 23.97M | -10.49M |
| Pretax Income | -10.62M▲ 0% | -20.93M▼ 97.1% | -98.33M▼ 369.9% | -118.93M▼ 20.9% | -53.82M▲ 54.7% | -133.37M▼ 147.8% | -146.11M▼ 9.6% | -154.71M▼ 5.9% |
| Pretax Margin % | -36.95% | -92.15% | -434.92% | -245.67% | -48.58% | -59.76% | -67.43% | -71.16% |
| Income Tax | 3K | 11K | 29K | -327K | -1.03M | -4.53M | -1.92M | -3.01M |
| Effective Tax Rate % | -0.03% | -0.05% | -0.03% | 0.27% | 1.92% | 3.4% | 1.32% | 1.95% |
| Net Income | -10.21M▲ 0% | -20.45M▼ 100.4% | -97.5M▼ 376.7% | -88.04M▲ 9.7% | -43.4M▲ 50.7% | -117.63M▼ 171.0% | -132.6M▼ 12.7% | -143.97M▼ 8.6% |
| Net Margin % | -35.52% | -90.06% | -431.22% | -181.86% | -39.17% | -52.71% | -61.2% | -66.23% |
| Net Income Growth % | - | -100.43% | -376.67% | 9.7% | 50.71% | -171.03% | -12.73% | -8.57% |
| Net Income (Continuing) | -10.62M | -20.94M | -98.36M | -118.61M | -52.79M | -128.83M | -144.19M | -151.69M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.63M | 3.38M | 8.82M | -21.19M | 1.52M | 30.88M | 27.51M | 25.91M |
| EPS (Diluted) | -0.10▲ 0% | -0.18▼ 87.3% | -0.78▼ 333.3% | -1.26▼ 61.5% | -0.37▲ 70.6% | -0.81▼ 118.9% | -0.76▲ 6.2% | -0.72▲ 5.3% |
| EPS Growth % | - | -87.3% | -333.33% | -61.54% | 70.63% | -118.92% | 6.17% | 5.26% |
| EPS (Basic) | -0.10 | -0.18 | -0.78 | -0.82 | -0.37 | -0.81 | -0.76 | -0.72 |
| Diluted Shares Outstanding | 106.18M | 111.11M | 124.98M | 70.01M | 118.66M | 145.19M | 175.03M | 199.33M |
| Basic Shares Outstanding | 106.18M | 111.07M | 124.98M | 107.25M | 118.66M | 145.19M | 175.03M | 199.33M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
indie Semiconductor, Inc. (INDI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 34.41M | 928.84K | 29.98M | 248.03M | 373.87M | 271.82M | 408.75M | 285.77M |
| Cash & Short-Term Investments | 24.17M | 497.55K | 18.7M | 219.08M | 321.63M | 151.68M | 274.25M | 155.74M |
| Cash Only | 24.17M | 497.55K | 18.7M | 219.08M | 321.63M | 151.68M | 274.25M | 155.74M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.12M | 4.57M | 5.97M | 13.84M | 26.44M | 72.11M | 52.01M | 57.48M |
| Days Sales Outstanding | 65 | 73.36 | 96.34 | 104.36 | 87.1 | 117.93 | 87.6 | 96.52 |
| Inventory | 4.68M | 4.28M | 2.9M | 9.08M | 13.26M | 33.14M | 49.89M | 48.62M |
| Days Inventory Outstanding | 89.44 | 43.49 | 81.16 | 115.47 | 79.99 | 43.47 | 144.09 | 136.69 |
| Other Current Assets | 0 | -8.94M | 0 | 383K | 12.54M | 0 | 32.61M | 23.92M |
| Total Non-Current Assets | 7.13M | 347.46M | 5.15M | 221.22M | 229.49M | 547.06M | 532.64M | 555.02M |
| Property, Plant & Equipment | 1.64M | 2.41M | 2.17M | 11.09M | 27.88M | 40.76M | 50.39M | 57.71M |
| Fixed Asset Turnover | 17.55x | 9.43x | 10.42x | 4.37x | 3.97x | 5.48x | 4.30x | 3.77x |
| Goodwill | 0 | 0 | 1.74M | 113.57M | 136.46M | 295.1M | 266.37M | 292.64M |
| Intangible Assets | 5.3M | 2.28M | 1.09M | 96.28M | 63.12M | 208.13M | 208.94M | 195.91M |
| Long-Term Investments | 0 | 347.46M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 194K | 154K | 154K | 270K | 2.02M | 3.07M | 6.94M | 8.75M |
| Total Assets | 41.54M▲ 0% | 348.39M▲ 738.6% | 35.13M▼ 89.9% | 469.25M▲ 1235.9% | 603.35M▲ 28.6% | 818.88M▲ 35.7% | 941.39M▲ 15.0% | 840.79M▼ 10.7% |
| Asset Turnover | 0.69x | 0.07x | 0.64x | 0.10x | 0.18x | 0.27x | 0.23x | 0.26x |
| Asset Growth % | - | 738.6% | -89.92% | 1235.91% | 28.58% | 35.72% | 14.96% | -10.69% |
| Total Current Liabilities | 8.02M | 23.43M | 122.2M | 33.72M | 63.96M | 138.88M | 84.88M | 77.83M |
| Accounts Payable | 2.96M | 4.71M | 4.55M | 5.44M | 14.19M | 18.41M | 28.33M | 23.12M |
| Days Payables Outstanding | 56.56 | 47.84 | 127.45 | 69.19 | 85.6 | 24.14 | 81.81 | 65 |
| Short-Term Debt | 2.32M | 4.18M | 8.49M | 2.27M | 15.7M | 4.11M | 12.22M | 13.57M |
| Deferred Revenue (Current) | 0 | -8.88M | 3.94M | 7.36M | 11.12M | 6.9M | 8.61M | 0 |
| Other Current Liabilities | 2.28M | 22.4M | 105.11M | 14.62M | 7.09M | 100.19M | 21.72M | 31.26M |
| Current Ratio | 4.29x | 0.04x | 0.25x | 7.36x | 5.85x | 1.96x | 4.82x | 3.67x |
| Quick Ratio | 3.71x | -0.14x | 0.22x | 7.09x | 5.64x | 1.72x | 4.23x | 3.05x |
| Cash Conversion Cycle | 97.88 | 69.01 | 50.05 | 150.64 | 81.49 | 137.26 | 149.88 | 168.2 |
| Total Non-Current Liabilities | 21.35M | 12.07M | 14.42M | 143.68M | 225.06M | 202.98M | 411.11M | 380.23M |
| Long-Term Debt | 18.02M | 14.79M | 12.35M | 5.62M | 155.7M | 156.74M | 369.1M | 352.88M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 10.12M | 10.85M | 14.28M | 13.05M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 19.53M | 7.82M | 13.7M | 11.66M | 14.2M |
| Other Non-Current Liabilities | 3.32M | -2.72M | 1.67M | 106.08M | 47.24M | 21.7M | 4.11M | 103K |
| Total Liabilities | 29.37M | 35.5M | 136.62M | 177.4M | 289.02M | 341.85M | 495.99M | 458.06M |
| Total Debt | 20.35M | 18.97M | 20.83M | 7.89M | 183.47M | 174.34M | 398.58M | 379.49M |
| Net Debt | -3.82M | 18.47M | 2.13M | -211.19M | -138.16M | 22.67M | 124.33M | 223.75M |
| Debt / Equity | 1.67x | 0.06x | - | 0.03x | 0.58x | 0.37x | 0.89x | 0.99x |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | -43.84x | -94.99x | -30.99x | -14.08x | -14.80x | -7.77x |
| Total Equity | 12.17M▲ 0% | 316.27M▲ 2498.1% | -101.49M▼ 132.1% | 291.86M▲ 387.6% | 314.33M▲ 7.7% | 477.02M▲ 51.8% | 445.39M▼ 6.6% | 382.73M▼ 14.1% |
| Equity Growth % | - | 2498.09% | -132.09% | 387.57% | 7.7% | 51.76% | -6.63% | -14.07% |
| Book Value per Share | 0.11 | 2.85 | -0.81 | 4.17 | 2.65 | 3.29 | 2.54 | 1.92 |
| Total Shareholders' Equity | 10.54M | 312.89M | -110.31M | 313.05M | 312.81M | 446.15M | 417.89M | 356.82M |
| Common Stock | 41.47M | 347.46M | 6K | 14K | 15K | 18K | 21K | 22K |
| Retained Earnings | -31.35M | -34.58M | -153.26M | -200.42M | -243.82M | -361.44M | -494.04M | -638.02M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -160K | -241K | -209K | -1.44M | -11.95M | -6.17M | -24.66M | -3.92M |
| Minority Interest | 1.63M | 3.38M | 8.82M | -21.19M | 1.52M | 30.88M | 27.51M | 25.91M |
indie Semiconductor, Inc. (INDI) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -14.73M | -14.88M | -21.22M | -55.82M | -76.75M | -104.39M | -58.6M | -58.6M |
| Operating CF Margin % | -51.29% | -65.49% | -93.84% | -115.3% | -69.27% | -46.77% | -27.04% | -26.96% |
| Operating CF Growth % | - | -0.96% | -42.64% | -163.07% | -37.49% | -36.02% | 43.86% | 0% |
| Net Income | -10.21M | -20.45M | -98.36M | -118.61M | -52.79M | -117.63M | -144.19M | -144.19M |
| Depreciation & Amortization | 1.82M | 4.18M | 2.65M | 5.97M | 16.76M | 34.59M | 43.06M | 43.06M |
| Stock-Based Compensation | 0 | 0 | 0 | 22.91M | 41.88M | 43.71M | 67.24M | 67.24M |
| Deferred Taxes | 0 | 0 | 0 | -516K | -2M | -4.2M | -5.37M | -5.37M |
| Other Non-Cash Items | -732K | 2.69M | 78.88M | 43.67M | -62.51M | -2.71M | -20.43M | -7.14M |
| Working Capital Changes | -5.62M | -1.29M | -4.38M | -9.24M | -18.09M | -58.15M | 1.08M | -12.21M |
| Change in Receivables | -3.1M | 280K | -1.3M | -4.48M | -12.16M | -32.2M | 9.59M | -2.86M |
| Change in Inventory | -2.61M | -1.86M | 767K | -3.17M | -4.3M | -5.79M | -16.97M | 2.52M |
| Change in Payables | 0 | 0 | -207K | -2.48M | 7.42M | -1.7M | 10.99M | -7.74M |
| Cash from Investing | -2.46M | -2.2M | -771K | -84.33M | -16.27M | -107.74M | -19.26M | -19.26M |
| Capital Expenditures | -842K | -1.66M | -771K | -4.07M | -7.57M | -12.75M | -14.34M | -14.34M |
| CapEx % of Revenue | 2.93% | 7.29% | 3.41% | 8.41% | 6.83% | 5.71% | 6.62% | 6.59% |
| Acquisitions | 0 | 0 | 6.18M | -80.26M | -8.71M | -94.99M | -3.2M | -3.2M |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -1.62M | -544K | -6.18M | 0 | 0 | 0 | -1.72M | -1.72M |
| Cash from Financing | 39.29M | 125K | 33.47M | 340.65M | 192.66M | 43.57M | 209.33M | 209.33M |
| Debt Issued (Net) | 11.46M | -1.76M | 27.69M | -16.77M | 159.35M | -11.68M | 222.4M | -28.45M |
| Equity Issued (Net) | 0 | 0 | 0 | 4.1M | 51.34M | 65.48M | 19.85M | 6K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -900K | -7.4M | 0 | 0 | 0 |
| Other Financing | 27.83M | 1.88M | 5.78M | 353.31M | -18.04M | -10.23M | -32.91M | 237.78M |
| Net Change in Cash | 22.14M▲ 0% | -17.02M▼ 176.8% | 11.54M▲ 167.8% | 200.77M▲ 1639.3% | 102.42M▼ 49.0% | -170.2M▼ 266.2% | 132.87M▲ 178.1% | 132.87M▲ 0.0% |
| Free Cash Flow | -15.58M▲ 0% | -16.53M▼ 6.1% | -21.99M▼ 33.0% | -59.89M▼ 172.4% | -84.31M▼ 40.8% | -117.14M▼ 38.9% | -72.94M▲ 37.7% | -72.94M▲ 0.0% |
| FCF Margin % | -54.22% | -72.79% | -97.25% | -123.71% | -76.1% | -52.49% | -33.66% | -33.55% |
| FCF Growth % | - | -6.13% | -33.02% | -172.36% | -40.78% | -38.93% | 37.73% | 0% |
| FCF per Share | -0.15 | -0.15 | -0.18 | -0.86 | -0.71 | -0.81 | -0.42 | -0.37 |
| FCF Conversion (FCF/Net Income) | 1.44x | 0.73x | 0.22x | 0.63x | 1.77x | 0.89x | 0.44x | 0.41x |
| Interest Paid | 0 | 1.79M | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
indie Semiconductor, Inc. (INDI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -83.83% | -12.46% | -90.79% | -92.5% | -14.32% | -29.73% | -28.75% | -34.77% |
| Return on Invested Capital (ROIC) | -76.14% | -8.27% | -12.26% | -69.54% | -69.57% | -30.06% | -23.86% | -18.39% |
| Gross Margin | 33.51% | -58.08% | 42.32% | 40.71% | 45.4% | -24.7% | 41.68% | 40.28% |
| Net Margin | -35.52% | -90.06% | -431.22% | -181.86% | -39.17% | -52.71% | -61.2% | -66.23% |
| Debt / Equity | 1.67x | 0.06x | - | 0.03x | 0.58x | 0.37x | 0.89x | 0.99x |
| Interest Coverage | - | - | -43.84x | -94.99x | -30.99x | -14.08x | -14.80x | -7.77x |
| FCF Conversion | 1.44x | 0.73x | 0.22x | 0.63x | 1.77x | 0.89x | 0.44x | 0.41x |
| Revenue Growth | - | -20.94% | -0.45% | 114.12% | 128.86% | 101.42% | -2.91% | 0.33% |
indie Semiconductor, Inc. (INDI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 18, 2026·SEC
Mar 6, 2026·SEC
Feb 19, 2026·SEC
indie Semiconductor, Inc. (INDI) stock FAQ — growth, dividends, profitability & financials explained
indie Semiconductor, Inc. (INDI) reported $217.4M in revenue for fiscal year 2025. This represents a 657% increase from $28.7M in 2018.
indie Semiconductor, Inc. (INDI) grew revenue by 0.3% over the past year. Growth has been modest.
indie Semiconductor, Inc. (INDI) reported a net loss of $144.0M for fiscal year 2025.
indie Semiconductor, Inc. (INDI) has a return on equity (ROE) of -34.8%. Negative ROE indicates the company is unprofitable.
indie Semiconductor, Inc. (INDI) had negative free cash flow of $73.0M in fiscal year 2025, likely due to heavy capital investments.
indie Semiconductor, Inc. (INDI) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates