indie Semiconductor, Inc. (INDI) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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INDI Revenue Growth
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)
As of May 8, 2026, indie Semiconductor, Inc. (INDI) generated trailing twelve-month (TTM) revenue of $217.4 million, reflecting slight decline in growth of -0.0% year-over-year. The most recent quarter (Q4 2025) recorded $58.0 million in revenue, up 8.1% sequentially.
Looking at the longer-term picture, INDI's 5-year compound annual growth rate (CAGR) stands at +57.2%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $223.2 million in 2023.
Revenue diversification analysis shows INDI's business is primarily driven by Product (95%), and Service (5%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including MPWR (+26.4% YoY), ALGM (+8.7% YoY), and DIOD (+16.0% YoY), INDI has underperformed the peer group in terms of 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 | $217M | -0.0% | +57.2% | -66.3% | |
 MPWR | $2.8B | +26.4% | +27.0% | 26.1% | |
 ALGM | $725M | +8.7% | +2.2% | -2.7% | |
 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% |
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Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonINDI — Frequently Asked Questions
Quick answers to the most common questions about buying INDI stock.
Is INDI's revenue growth accelerating or slowing?
INDI TTM revenue: $217M. YoY growth: -0.0%. 5-year CAGR: +57.2%.
What is INDI's long-term revenue growth rate?
indie Semiconductor, Inc.'s 5-year revenue CAGR of +57.2% reflects the variable expansion pattern. Current YoY growth of -0.0% is near this long-term average.
How is INDI's revenue distributed by segment?
INDI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.