NASDAQ : INDI
indie Semiconductor, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 1.78 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 412.62M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
indie Semiconductor, Inc. (INDI) reported revenue of 231.15M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 231.15M | 217.39M | 216.68M | 223.17M | 110.80M | 48.41M |
| Cost of Revenue | 293.69M | 284.85M | 300.58M | 278.29M | 181.69M | 86.82M |
| Gross Profit | -62.54M | -67.46M | -83.90M | -55.12M | -70.89M | -38.41M |
| Selling, General & Admin | 81.75M | 77.69M | 80.56M | 69.86M | 48.24M | 36.38M |
| Operating Expenses | 81.75M | 77.69M | 80.56M | 69.86M | 48.24M | 36.38M |
| Operating Income | -144.28M | -145.15M | -164.46M | -124.98M | -119.13M | -74.79M |
| Interest Expense | -17.63M | -17.64M | -9.26M | -8.65M | -1.69M | -1.24M |
| Interest & Investment Income | 4.89M | 7.29M | 4.59M | 7.80M | 2.57M | 49.00K |
| Currency Exchange Gain (Loss) | -1.28M | 821.00K | -1.65M | -848.00K | ||
| Other Non Operating Income (Expenses) | 715.00K | 426.00K | 1.25M | 6.74M | 54.96M | -4.42M |
| EBT Excluding Unusual Items | -157.59M | -154.25M | -169.53M | -119.93M | -63.29M | -80.40M |
| Merger & Restructuring Charges | -1.96M | -9.07M | -5.62M | -10.45M | ||
| Other Unusual Items | -2.85M | 9.59M | 29.04M | -2.98M | 9.47M | -38.53M |
| Pretax Income | -162.40M | -153.72M | -146.11M | -133.37M | -53.82M | -118.93M |
| Income Tax Expense | -4.40M | -3.01M | -1.92M | -4.53M | -1.03M | -327.00K |
| Earnings From Continuing Operations | -158.00M | -150.71M | -144.19M | -128.83M | -52.79M | -118.61M |
| Minority Interest in Earnings | 8.25M | 7.65M | 11.58M | 11.21M | 9.39M | 30.56M |
| Net Income | -149.75M | -143.07M | -132.60M | -117.62M | -43.40M | -88.04M |
| Net Income to Common | -149.75M | -143.07M | -132.60M | -117.62M | -43.40M | -88.04M |
| Shares Outstanding (Basic) | 205.40M | 197.25M | 175.03M | 145.19M | 118.66M | 70.01M |
| Shares Outstanding (Diluted) | 205.40M | 197.25M | 175.03M | 145.19M | 118.66M | 70.01M |
| EPS (Basic) | -0.73 | -0.73 | -0.76 | -0.81 | -0.37 | -1.26 |
| EPS (Diluted) | -0.73 | -0.73 | -0.76 | -0.81 | -0.37 | -1.26 |
| Free Cash Flow | -83.75M | -71.42M | -72.94M | -117.14M | -84.31M | -58.50M |
| Free Cash Flow Per Share | -0.41 | -0.36 | -0.42 | -0.81 | -0.71 | -0.84 |
| Gross Margin | -27.05% | -31.03% | -38.72% | -24.70% | -63.98% | -79.34% |
| Operating Margin | -62.42% | -66.77% | -75.90% | -56.00% | -107.52% | -154.49% |
| Profit Margin | -64.78% | -65.81% | -61.20% | -52.71% | -39.17% | -181.86% |
| Free Cash Flow Margin | -36.23% | -32.86% | -33.66% | -52.49% | -76.10% | -120.84% |
| EBITDA | -101.64M | -104.74M | -124.69M | -93.13M | -104.32M | -68.83M |
| EBITDA Margin | -43.97% | -48.18% | -57.54% | -41.73% | -94.15% | -142.17% |
| D&A For EBITDA | 42.64M | 40.41M | 39.78M | 31.85M | 14.81M | 5.97M |
| EBIT | -144.28M | -145.15M | -164.46M | -124.98M | -119.13M | -74.79M |
| EBIT Margin | -62.42% | -66.77% | -75.90% | -56.00% | -107.52% | -154.49% |
| Revenue as Reported | 231.15M | 217.39M | 216.68M | 223.17M | 110.80M | 48.41M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 138.97M | 145.46M | 274.25M | 151.68M | 321.63M | 219.08M |
| Cash & Short-Term Investments | 138.97M | 145.46M | 274.25M | 151.68M | 321.63M | 219.08M |
| Receivables | 74.00M | 62.30M | 61.16M | 72.11M | 30.06M | 14.24M |
| Inventory | 67.63M | 48.62M | 49.89M | 33.14M | 13.26M | 9.08M |
| Prepaid Expenses | 20.93M | 19.11M | 13.15M | 14.89M | 8.67M | 5.25M |
| Restricted Cash | 10.03M | 10.29M | 10.30M | 250.00K | 383.00K | |
| Total Current Assets | 311.56M | 285.77M | 408.75M | 271.82M | 373.87M | 248.03M |
| Property, Plant & Equipment | 58.10M | 57.71M | 50.39M | 40.76M | 27.88M | 11.09M |
| Goodwill | 286.84M | 292.64M | 266.37M | 295.10M | 136.46M | 113.57M |
| Other Intangible Assets | 176.55M | 195.91M | 208.94M | 208.13M | 63.12M | 96.28M |
| Other Long-Term Assets | 8.48M | 8.75M | 6.94M | 3.07M | 2.02M | 270.00K |
| Total Assets | 841.53M | 840.79M | 941.39M | 818.88M | 603.35M | 469.25M |
| Accounts Payable | 24.79M | 21.83M | 28.33M | 18.41M | 14.19M | 5.44M |
| Accrued Expenses | 26.98M | 20.25M | 18.99M | 16.89M | 17.58M | 10.31M |
| Current Portion of Long-Term Debt | 12.32M | 13.57M | 12.22M | 4.11M | 15.70M | 2.27M |
| Current Portion of Leases | 3.43M | 3.23M | 2.98M | 2.65M | 1.96M | |
| Current Income Taxes Payable | 1.52M | 4.86M | 3.11M | 1.67M | 926.00K | |
| Current Unearned Revenue | 4.01M | 4.60M | 2.73M | 2.47M | 1.74M | 1.84M |
| Other Current Liabilities | 12.24M | 8.21M | 16.51M | 92.67M | 11.88M | 13.85M |
| Total Current Liabilities | 85.30M | 76.55M | 84.88M | 138.88M | 63.96M | 33.72M |
| Long-Term Debt | 403.74M | 339.83M | 369.10M | 156.74M | 155.70M | 5.62M |
| Long-Term Leases | 11.80M | 13.05M | 14.28M | 10.85M | 10.12M | |
| Long-Term Deferred Tax Liabilities | 13.84M | 14.20M | 11.66M | 13.70M | 7.82M | 19.53M |
| Other Long-Term Liabilities | 4.69M | 13.15M | 16.08M | 21.70M | 51.42M | 118.53M |
| Total Liabilities | 519.37M | 456.77M | 495.99M | 341.85M | 289.02M | 177.40M |
| Common Stock | 22.00K | 22.00K | 21.00K | 18.00K | 15.00K | 14.00K |
| Additional Paid-In Capital | 1.03B | 998.73M | 936.56M | 813.74M | 568.56M | 514.89M |
| Retained Earnings | -717.38M | -637.11M | -494.04M | -361.44M | -243.82M | -200.42M |
| Comprehensive Income & Other | -13.19M | -3.61M | -24.66M | -6.17M | -11.95M | -1.44M |
| Total Common Equity | 294.67M | 358.03M | 417.89M | 446.15M | 312.81M | 313.05M |
| Minority Interest | 27.49M | 25.98M | 27.51M | 30.88M | 1.52M | -21.19M |
| Shareholders' Equity | 322.16M | 384.01M | 445.39M | 477.02M | 314.33M | 291.86M |
| Total Liabilities & Equity | 841.53M | 840.79M | 941.39M | 818.88M | 603.35M | 469.25M |
| Total Debt | 431.30M | 369.67M | 398.58M | 174.34M | 183.47M | 7.89M |
| Net Cash (Debt) | -292.32M | -224.22M | -124.33M | -22.67M | 138.16M | 211.19M |
| Net Cash Per Share | -1.42 | -1.14 | -0.71 | -0.16 | 1.16 | 3.02 |
| Filing Date Shares Outstanding | 217.93M | 207.15M | 190.82M | 164.52M | 140.33M | 113.23M |
| Total Common Shares Outstanding | 214.51M | 204.10M | 189.16M | 163.19M | 126.82M | 108.18M |
| Working Capital | 226.26M | 209.22M | 323.87M | 132.94M | 309.90M | 214.32M |
| Book Value Per Share | 1.37 | 1.75 | 2.21 | 2.73 | 2.47 | 2.89 |
| Tangible Book Value | -168.72M | -130.52M | -57.43M | -57.08M | 113.23M | 103.19M |
| Tangible Book Value Per Share | -0.79 | -0.64 | -0.30 | -0.35 | 0.89 | 0.95 |
| Machinery | 59.36M | 56.40M | 45.90M | 35.85M | 21.97M | 16.54M |
| Construction In Progress | 17.54M | 15.01M | 7.60M | 3.87M | 1.76M | 256.00K |
| Leasehold Improvements | 2.42M | 2.31M | 1.92M | 1.90M | 1.22M | 395.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -149.75M | -143.07M | -132.60M | -117.62M | -43.40M | -88.04M |
| Depreciation & Amortization | 45.86M | 43.59M | 43.06M | 34.59M | 16.76M | 5.97M |
| Other Amortization | 2.76M | 2.73M | 1.17M | 997.00K | 417.00K | 198.00K |
| Asset Writedown & Restructuring Costs | -79.00K | 3.61M | 998.00K | |||
| Stock-Based Compensation | 70.41M | 65.11M | 67.24M | 43.71M | 41.88M | 22.91M |
| Other Operating Activities | -2.82M | -16.89M | -39.55M | -7.90M | -74.32M | 12.39M |
| Change in Accounts Receivable | -7.26M | -2.86M | 9.59M | -32.20M | -12.16M | -4.48M |
| Change in Inventory | -20.70M | 2.52M | -16.97M | -5.79M | -4.30M | -3.17M |
| Change in Accounts Payable | 4.36M | -7.74M | 10.99M | -1.70M | 7.42M | -2.48M |
| Change in Unearned Revenue | -837.00K | |||||
| Change in Other Net Operating Assets | -14.30M | -4.13M | -2.53M | -18.47M | -9.05M | 1.72M |
| Operating Cash Flow | -71.52M | -57.13M | -58.60M | -104.39M | -76.75M | -55.82M |
| Capital Expenditures | -12.23M | -14.29M | -14.34M | -12.75M | -7.57M | -2.68M |
| Cash Acquisitions | -17.67M | -17.67M | -3.20M | -94.99M | -8.71M | -80.26M |
| Sale (Purchase) of Intangibles | -1.72M | -1.39M | ||||
| Investing Cash Flow | -29.91M | -31.97M | -19.26M | -107.74M | -16.27M | -84.33M |
| Long-Term Debt Issued | 2.40M | 230.36M | 1.15M | 161.51M | 775.00K | |
| Long-Term Debt Repaid | -30.81M | -7.96M | -12.83M | -2.16M | -17.54M | |
| Net Debt Issued (Repaid) | 62.34M | -28.41M | 222.40M | -11.68M | 159.35M | -16.77M |
| Issuance of Common Stock | 6.00K | 6.00K | 19.90M | 65.51M | 59.17M | 5.07M |
| Repurchase of Common Stock | -7.40M | -2.74M | ||||
| Other Financing Activities | -15.27M | -10.54M | -32.96M | -10.26M | -18.45M | 355.09M |
| Financing Cash Flow | 47.07M | -38.94M | 209.33M | 43.57M | 192.66M | 340.65M |
| Foreign Exchange Rate Adjustments | 502.00K | -769.00K | 1.40M | -1.64M | 2.77M | 265.00K |
| Miscellaneous Cash Flow Adjustments | 1.00K | |||||
| Net Cash Flow | -53.85M | -128.81M | 132.87M | -170.20M | 102.42M | 200.77M |
| Free Cash Flow | -83.75M | -71.42M | -72.94M | -117.14M | -84.31M | -58.50M |
| Free Cash Flow Margin | -36.23% | -32.86% | -33.66% | -52.49% | -76.10% | -120.84% |
| Free Cash Flow Per Share | -0.41 | -0.36 | -0.42 | -0.81 | -0.71 | -0.84 |
| Levered Free Cash Flow | -17.65M | -20.35M | -89.96M | 926.75K | -32.43M | -122.47M |
| Unlevered Free Cash Flow | -9.39M | -12.05M | -85.35M | 5.34M | -31.79M | -121.89M |
| Cash Interest Paid | 13.22M | 15.05M | 7.43M | 7.42M | 376.00K | 1.23M |
| Cash Income Tax Paid | 674.00K | 674.00K | ||||
| Change in Working Capital | -37.90M | -12.21M | 1.08M | -58.15M | -18.09M | -9.24M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 379.01M | 715.22M | 744.68M | 1.31B | 729.52M | 1.23B |
| Enterprise Value | 671.33M | 948.50M | 872.98M | 1.32B | 586.92M | 886.80M |
| Last Close Price | 1.65 | 3.53 | 4.05 | 8.11 | 5.83 | 11.99 |
| Forward PE | 88.33 | 88.33 | 136.30 | |||
| PS Ratio | 1.65 | 3.29 | 3.44 | 5.86 | 6.58 | 25.32 |
| PB Ratio | 1.20 | 1.86 | 1.67 | 2.74 | 2.32 | 4.20 |
| P/TBV Ratio | 6.44 | 11.88 | ||||
| EV/Sales Ratio | 2.92 | 4.36 | 4.03 | 5.92 | 5.30 | 18.32 |
| Debt / Equity Ratio | 1.34 | 0.96 | 0.90 | 0.36 | 0.58 | 0.03 |
| Net Debt / Equity Ratio | 0.91 | 0.58 | 0.28 | 0.05 | -0.44 | -0.72 |
| Net Debt / EBITDA Ratio | -2.88 | -2.14 | -1.00 | -0.24 | 1.32 | 3.07 |
| Net Debt / FCF Ratio | -3.49 | -3.14 | -1.71 | -0.19 | 1.64 | 3.61 |
| Asset Turnover | 0.27 | 0.24 | 0.25 | 0.31 | 0.21 | 0.19 |
| Inventory Turnover | 5.12 | 5.78 | 7.24 | 12.00 | 16.27 | 14.49 |
| Quick Ratio | 2.50 | 2.71 | 3.95 | 1.61 | 5.50 | 6.92 |
| Current Ratio | 3.65 | 3.73 | 4.82 | 1.96 | 5.84 | 7.36 |
| Return on Equity (ROE) | -42.86% | -36.34% | -31.26% | -32.56% | -17.42% | -124.61% |
| Return on Assets (ROA) | -10.55% | -10.18% | -11.68% | -10.98% | -13.88% | -18.54% |
| Return on Capital Employed (ROCE) | -19.10% | -19.00% | -19.20% | -18.40% | -22.10% | -17.20% |
| Earnings Yield | -44.72% | -20.00% | -17.81% | -8.99% | -5.95% | -7.18% |
| FCF Yield | -21.90% | -9.99% | -9.79% | -8.95% | -11.56% | -4.77% |
| Buyback Yield / Dilution | -9.28% | -12.69% | -20.55% | -22.36% | -69.49% | -124.08% |