indie Semiconductor, Inc. (INDI) Revenue History
Annual and quarterly revenue from 2018 to present
INDI Revenue Over Time (2018–2025)
INDI Revenue Growth History
4 of 7 years with positive growth- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- -20.9%
- FY2020 revenue growth
- -0.4%
- FY2021 revenue growth
- +114.1%
- FY2022 revenue growth
- +128.9%
- FY2023 revenue growth
- +101.4%
- FY2024 revenue growth
- -2.9%
- FY2025 revenue growth
- +0.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $55.5M | +2.6% |
| Q4 2025 | $58.0M | -0.0% |
| Q3 2025 | $53.7M | -0.5% |
| Q2 2025 | $51.6M | -1.4% |
| Q1 2025 | $54.1M | +3.3% |
| Q4 2024 | $58.0M | -17.3% |
| Q3 2024 | $54.0M | -10.8% |
| Q2 2024 | $52.4M | +0.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
INDI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
INDI Revenue Analysis (2018–2025)
Current Revenue & Growth
As of June 22, 2026, indie Semiconductor, Inc. (INDI) generated trailing twelve-month (TTM) revenue of $218.8 million, reflecting modest growth of +2.6% year-over-year. The most recent quarter (Q1 2026) recorded $55.5 million in revenue, down 4.4% sequentially.
Historical Growth Trajectory
INDI's 5-year compound annual growth rate (CAGR) stands at +57.2%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +25.2% is below the 5-year average, signalling a growth deceleration in recent years. indie Semiconductor, Inc.'s highest annual revenue of $223.2 million was recorded in 2023.
Revenue by Segment
INDI's revenue is primarily driven by Product (95%), and Service (5%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including MPWR (+26.4% YoY), ALGM (+22.8% YoY), and DIOD (+16.0% YoY) — INDI has underperformed the peer group in revenue growth. Compare INDI vs MPWR →
INDI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| INDICurrent | $219M | +2.6% | +57.2% | -66.3% | |
 MPWR | $2.8B | +26.4% | +27.0% | 26.1% | |
 ALGM | $890M | +22.8% | +8.5% | 4.8% | |
 DIOD | $1.5B | +16.0% | +3.8% | 2.4% | |
 SITM | $327M | +65.2% | +23.0% | -18.5% | |
 AEVA | $18M | +103.1% | +30.1% | -705.8% |
INDI Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $217.4M | +0.3% | $87.6M | 40.3% | $-144,214,000 | -66.3% |
| 2024 | $216.7M | -2.9% | $90.3M | 41.7% | $-170,080,000 | -78.5% |
| 2023 | $223.2M | +101.4% | $-55,118,000 | -24.7% | $-135,423,000 | -60.7% |
| 2022 | $110.8M | +128.9% | $50.3M | 45.4% | $-119,128,000 | -107.5% |
| 2021 | $48.4M | +114.1% | $19.7M | 40.7% | $-74,792,000 | -154.5% |
| 2020 | $22.6M | -0.4% | $9.6M | 42.3% | $-19,241,000 | -85.1% |
| 2019 | $22.7M | -20.9% | $-13,191,000 | -58.1% | $-18,910,000 | -83.3% |
| 2018 | $28.7M | - | $9.6M | 33.5% | $-8,477,000 | -29.5% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
8+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
INDI — Frequently Asked Questions
Quick answers to the most common questions about buying INDI stock.
Is INDI's revenue growth accelerating or slowing?
INDI revenue growth is slowing. TTM revenue is $219M, up +2.6% year-over-year — below the 5-year CAGR of +57.2%. The deceleration suggests maturing end-markets or increased competition.
What is INDI's revenue history from 2018 to 2026?
indie Semiconductor, Inc. (INDI) revenue history spans 2018 to 2026. TTM revenue as of 2026 is $219M, growing at +2.6% YoY. The 5-year CAGR is +57.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is INDI's long-term revenue growth rate (CAGR)?
indie Semiconductor, Inc.'s 5-year revenue CAGR of +57.2% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +2.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for INDI.
Why does INDI's quarterly revenue fluctuate?
INDI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. indie Semiconductor, Inc.'s revenue data from 2018 to 2026 shows full historical quarterly detail on this page.
How is INDI's revenue distributed by segment?
INDI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does INDI's revenue compare to industry peers?
indie Semiconductor, Inc. (INDI) with TTM revenue of $219M and +2.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.