INDI · Indie Semiconductor, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $55.46M | - | $53.68M | $51.63M | $54.08M | - | $53.97M | $52.35M | $52.35M | - |
| Cost of Revenue | $34.38M | - | $32.17M | $30.69M | $31.53M | - | $32.73M | $30.24M | $30.09M | - |
| Gross Profit | $21.08M | - | $21.50M | $20.94M | $22.55M | - | $21.23M | $22.11M | $22.26M | - |
| R&D | $38.53M | - | $37.99M | $38.47M | $42.12M | - | $45.97M | $41.30M | $49.59M | - |
| SG&A | $21.42M | - | $20.82M | $18.36M | $19.37M | - | $20.85M | $17.45M | $22.32M | - |
| Total Operating Expenses | $94.33M | - | $92.02M | $94.63M | $93.01M | - | $103.87M | $88.99M | $102.00M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | ($38.87M) | - | ($38.34M) | ($42.99M) | ($38.93M) | - | ($49.90M) | ($36.63M) | ($49.65M) | - |
| Interest Expense | $4.34M | - | $4.35M | $4.53M | $4.52M | - | $2.18M | $2.13M | $2.11M | - |
| Income Tax | ($319.0K) | - | ($363.0K) | $565.0K | $56.0K | - | ($315.0K) | $86.0K | ($1.11M) | - |
| Net Income | ($43.19M) | - | ($38.29M) | ($39.04M) | ($34.55M) | - | ($49.68M) | ($19.16M) | ($31.18M) | - |
| EPS - Basic | ($0.21) | - | ($0.19) | ($0.20) | ($0.18) | - | ($0.28) | ($0.11) | ($0.19) | - |
| EPS - Diluted | ($0.21) | - | ($0.19) | ($0.20) | ($0.18) | - | ($0.28) | ($0.11) | ($0.19) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $174.43M | $145.46M | $160.87M | $192.56M | $236.61M | $274.25M | $96.90M | $112.35M | $138.17M | $151.68M |
| Accounts Receivable | $60.50M | $57.48M | $53.25M | $59.13M | $62.88M | $52.01M | $56.16M | $58.07M | $52.42M | $63.60M |
| Inventory | $57.04M | $48.62M | $45.62M | $47.03M | $47.82M | $49.89M | $52.16M | $42.46M | $37.90M | $33.14M |
| Accounts Payable | $24.40M | $21.83M | $19.15M | $19.67M | $18.47M | $28.33M | $26.02M | $26.52M | $18.95M | $18.41M |
| Current Assets | $327.16M | $285.77M | $297.09M | $331.76M | $381.71M | $408.75M | $240.82M | $247.56M | $263.75M | $271.82M |
| Total Assets | $869.56M | $840.79M | $855.07M | $867.63M | $909.02M | $941.39M | $797.46M | $797.33M | $803.65M | $818.88M |
| Current Liabilities | $79.64M | $76.55M | $79.16M | $76.48M | $72.04M | $84.88M | $100.88M | $93.14M | $151.67M | $138.88M |
| Long-term Debt | $402.82M | $339.83M | $339.15M | $338.23M | $367.04M | $369.10M | $157.54M | $157.26M | $157.00M | $156.74M |
| Total Liabilities | $520.61M | $456.77M | $462.15M | $452.53M | $477.29M | $495.99M | $308.66M | $294.69M | $342.18M | $341.85M |
| Stockholders' Equity | $324.60M | $358.03M | $369.21M | $390.41M | $405.57M | $417.89M | $458.56M | $470.71M | $432.88M | $446.15M |
| Retained Earnings | ($680.30M) | ($637.11M) | ($605.92M) | ($567.63M) | ($528.59M) | ($494.04M) | ($461.46M) | ($411.78M) | ($392.62M) | ($361.44M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($22.13M) | - | - | - | ($29.00M) | - | - | - | ($9.35M) | - |
| Investing Cash Flow | ($3.21M) | - | - | - | ($2.38M) | - | - | - | ($5.52M) | - |
| Financing Cash Flow | $55.06M | - | - | - | ($4.74M) | - | - | - | $6.88M | - |
| CapEx | $3.21M | - | - | - | $2.38M | - | - | - | $2.32M | - |
| Free Cash Flow | ($25.34M) | - | - | - | ($31.38M) | - | - | - | ($11.67M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 38.0% | - | 40.1% | 40.6% | 41.7% | - | 39.3% | 42.2% | 42.5% | - |
| Operating margin | -70.1% | - | -71.4% | -83.3% | -72.0% | - | -92.5% | -70.0% | -94.8% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | -77.9% | - | -71.3% | -75.6% | -63.9% | - | -92.1% | -36.6% | -59.6% | - |
| Free cash flow margin | -45.7% | - | - | - | -58.0% | - | - | - | -22.3% | - |
| FCF / Net income | 0.59 | - | - | - | 0.91 | - | - | - | 0.37 | - |
| R&D / Revenue | 69.5% | - | 70.8% | 74.5% | 77.9% | - | 85.2% | 78.9% | 94.7% | - |
| SG&A / Revenue | 38.6% | - | 38.8% | 35.5% | 35.8% | - | 38.6% | 33.3% | 42.6% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -5.0% | - | -4.5% | -4.5% | -3.8% | - | -6.2% | -2.4% | -3.9% | - |
| Return on equity | -13.3% | - | -10.4% | -10.0% | -8.5% | - | -10.8% | -4.1% | -7.2% | - |
| Return on invested capital | -4.2% | - | -4.3% | -4.7% | -4.0% | - | -6.4% | -4.6% | -6.6% | - |
| Liquidity | ||||||||||
| Current ratio | 4.11 | 3.73 | 3.75 | 4.34 | 5.30 | 4.82 | 2.39 | 2.66 | 1.74 | 1.96 |
| Quick ratio | 3.39 | 3.10 | 3.18 | 3.72 | 4.64 | 4.23 | 1.87 | 2.20 | 1.49 | 1.72 |
| Cash ratio | 2.19 | 1.90 | 2.03 | 2.52 | 3.28 | 3.23 | 0.96 | 1.21 | 0.91 | 1.09 |
| Leverage | ||||||||||
| Debt / Equity | 1.24 | 0.95 | 0.92 | 0.87 | 0.90 | 0.88 | 0.34 | 0.33 | 0.36 | 0.35 |
| Debt / Assets | 0.46 | 0.40 | 0.40 | 0.39 | 0.40 | 0.39 | 0.20 | 0.20 | 0.20 | 0.19 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -8.9x | - | -8.8x | -9.5x | -8.6x | - | -22.9x | -17.2x | -23.6x | - |
| Equity multiplier | 2.68 | 2.35 | 2.32 | 2.22 | 2.24 | 2.25 | 1.74 | 1.69 | 1.86 | 1.84 |
| Liabilities / Assets | 0.60 | 0.54 | 0.54 | 0.52 | 0.53 | 0.53 | 0.39 | 0.37 | 0.43 | 0.42 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | - | 0.06 | 0.06 | 0.06 | - | 0.07 | 0.07 | 0.07 | - |
| Inventory turnover | 0.60 | - | 0.71 | 0.65 | 0.66 | - | 0.63 | 0.71 | 0.79 | - |
| Days sales outstanding | 398d | - | 362d | 418d | 424d | - | 380d | 405d | 365d | - |
| Days inventory outstanding | 606d | - | 518d | 559d | 554d | - | 582d | 513d | 460d | - |
| Days payable outstanding | 259d | - | 217d | 234d | 214d | - | 290d | 320d | 230d | - |
| Cash conversion cycle | 745d | - | 662d | 743d | 764d | - | 671d | 597d | 595d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 2.1x | - | 2.2x | 1.8x | 1.0x | - | 1.6x | 2.2x | 2.7x | - |
| P / S | 12.0x | - | 15.1x | 13.5x | 7.2x | - | 13.3x | 20.1x | 22.3x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.6% | - | -0.5% | -1.4% | 3.3% | - | -10.8% | 0.5% | 29.4% | - |
| Revenue CAGR (3y) | 11.1% | - | 21.4% | 26.1% | 35.0% | - | 92.3% | 78.7% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -6.5% | - | 1.3% | -5.3% | 1.3% | - | -16.0% | 10.7% | 35.8% | - |
| Operating income growth (YoY) | 0.2% | - | 23.2% | -17.4% | 21.6% | - | -38.1% | 10.0% | -34.3% | - |
| Net income growth (YoY) | -25.0% | - | 22.9% | -103.7% | -10.8% | - | -190.6% | -46.0% | 57.1% | - |
| EPS growth (YoY) | -16.7% | - | 32.1% | -81.8% | 5.3% | - | -133.3% | -22.2% | 65.5% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 19.3% | - | - | - | -169.0% | - | - | - | 67.7% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -20.0% | -14.3% | -19.5% | -17.1% | -6.3% | -6.3% | 10.9% | 21.9% | 19.5% | 42.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$217.39M totalProduct$206.96M · 95.2%
Service$10.43M · 4.8%
Geographic
$217.39M totalCN$102.87M · 47.3%
Europe$42.85M · 19.7%
US$33.39M · 15.4%
Asia Pacific Excluding China$18.50M · 8.5%
South Korea1$15.05M · 6.9%
North America Excluding United States$3.23M · 1.5%
South America$1.50M · 0.7%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing indie Semiconductor against the 5 most active filers in the same SIC group.