indie Semiconductor, Inc. INDI R2KAI
indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicles, connected car, user experience, and electrification applications. It designs, develops, manufactures, and markets integrated circuits. The company also offers mixed-signal system-on-chips (SoCs) and system solutions for advanced driver assistance systems. In addition, it offers ultrasonic sensors for parking assist and systems; radar sensors for audio assistance and reverse information; front cameras for vehicle detection, collision avoidance, and sign reading; and side/inside cameras for blind spot and lane change assist, and driver behavior monitoring. The company also provides LiDAR for distance, speed, and obstacle detection, collision avoidance, and emergency brake system; and long range RADAR for audio assistance, obstacle detection, and ACC stop and go. Further, the company designs, manufactures, and integrates photonic components and sub-systems on various technology platforms, including fiber Bragg gratings (FBG), low-noise lasers, athermal and tunable packaging, leveraging low-noise, and high-speed electronics; and designs and develops standard and custom light sources, including super luminescent light emitting diodes (SLEDs). Additionally, it is developing LiDAR, cybersecurity-enabled microcontrollers, and sensor-fusion processors. The company provides solutions in the United States, Greater China, Europe, South Korea, rest of North America, rest of the Asia Pacific, and South America. indie Semiconductor, Inc. was founded in 2007 and is headquartered in Aliso Viejo, California.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 25.2% over 5 years.
CONS
- Earnings shrank at -76.5% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | INDI indie Semiconductor, Inc. R2KAI | 4.99 | - | $1.05B | - | -18.03% | -41.16% | 25.19% | -76.55% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.71M | 7.59M | 8.11M | 9.18M | 12.16M | 22.00M | 25.75M | 30.02M | 40.45M | 52.11M | 60.48M | 52.35M | 52.35M | 53.97M | 54.08M | 51.63M | 53.68M | 58.01M | 55.46M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.53M | 30.69M | 32.17M | 36.37M | 34.38M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22.55M | 20.94M | 21.50M | 21.64M | 21.08M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 61.48M | 56.83M | 58.80M | 54.67M | 59.95M |
| Operating Income | -4.62M | -3.17M | -8.11M | -18.50M | -21.26M | -34.33M | -29.98M | -25.86M | -36.98M | -40.73M | -36.15M | -49.65M | -36.63M | -49.90M | -38.93M | -35.89M | -37.30M | -33.03M | -38.87M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -22.08M | -25.29M | -25.64M | -21.17M | -31.05M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.52M | 4.53M | 4.35M | 2.57M | 4.34M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -37.12M | -41.05M | -41.06M | -34.50M | -47.44M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 56.00K | 565.00K | -363.00K | -3.27M | -319.00K |
| Net Income | -6.86M | -21.96M | 10.81M | 6.15M | -79.65M | 10.83M | -4.23M | -37.61M | -72.75M | -13.13M | -17.10M | -31.18M | -19.16M | -49.68M | -34.55M | -39.04M | -38.29M | -31.19M | -43.19M |
| Diluted EPS | -0.22 | -0.70 | -0.35 | 0.06 | -0.83 | 0.07 | -0.04 | -0.31 | -0.55 | -0.09 | -0.12 | -0.19 | -0.11 | -0.28 | -0.18 | -0.20 | -0.19 | -0.16 | -0.21 |
| R&D Expense | 4.80M | 5.82M | 8.68M | 13.49M | 15.04M | 29.50M | 28.47M | 30.23M | 36.56M | 42.07M | 41.59M | 49.59M | 41.30M | 45.97M | 42.12M | 38.47M | 37.99M | - | 38.53M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | 22.61M | - | 110.80M | 223.17M | 216.68M | 217.39M |
| Cost of Revenue | - | - | 60.49M | 133.61M | 126.37M | 130.76M |
| Gross Profit | - | - | 50.31M | 89.56M | 90.31M | 86.63M |
| Operating Expenses | - | - | 169.43M | 224.99M | 256.06M | 231.78M |
| Operating Income | -19.24M | - | -119.13M | -135.42M | -165.75M | -145.15M |
| EBITDA | - | - | -35.67M | -90.16M | -93.94M | -94.18M |
| Interest Expense | - | - | 1.39M | 8.62M | 9.11M | 15.96M |
| Pretax Income | - | - | -53.82M | -133.37M | -146.11M | -153.72M |
| Tax Provision | - | - | -1.03M | -4.53M | -1.92M | -3.01M |
| Net Income | -97.50M | - | -43.40M | -117.62M | -132.60M | -143.07M |
| Diluted EPS | -3.12 | - | -0.42 | -0.81 | -0.76 | -0.73 |
| R&D Expense | 22.01M | 58.12M | 121.20M | 154.51M | 175.11M | 154.09M |
Compounded Sales Growth
| 5 Years: | 25.19% |
| 1 Year: | 2.60% |
Compounded Profit Growth
| 5 Years: | -76.55% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +88.30% |
| 6 Months: | +43.80% |
| 3 Months: | +36.34% |
| 1 Month: | +22.00% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | 35.13M | - | 603.35M | 818.88M | 941.39M | 840.79M |
| Current Assets | - | - | - | 373.87M | 271.82M | 408.75M | 285.77M |
| Cash & Equivalents | - | 18.70M | - | 321.63M | 151.68M | 274.25M | 145.46M |
| Inventory | - | - | - | 13.26M | 33.14M | 49.89M | 48.62M |
| Receivables | - | - | - | 26.44M | 63.60M | 52.01M | 57.48M |
| Total Liabilities | - | 136.62M | - | 289.02M | 341.85M | 495.99M | 456.77M |
| Current Liabilities | - | 122.20M | - | 63.96M | 138.88M | 84.88M | 76.55M |
| Long Term Debt | - | 12.35M | - | 155.70M | 156.74M | 369.10M | 339.83M |
| Total Debt | - | - | - | 183.47M | 174.34M | 398.58M | 369.67M |
| Total Equity | -10.58M | -110.31M | - | 312.81M | 446.15M | 417.89M | 358.03M |
| Shares Outstanding | - | - | - | 126.82M | 163.19M | 189.16M | 204.10M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -21.22M | - | -76.75M | -104.39M | -58.60M | -57.13M |
| Investing Cash Flow | -771.00K | - | -16.27M | -107.74M | -19.26M | -31.97M |
| Financing Cash Flow | 33.47M | - | 192.66M | 43.57M | 209.33M | -38.94M |
| Capital Expenditure | -637.00K | - | -7.57M | -12.75M | -16.06M | -14.29M |
| Free Cash Flow | -21.86M | - | -84.31M | -117.14M | -74.66M | -71.42M |
| Net Change in Cash | - | - | 99.64M | -168.56M | 131.47M | -128.04M |
| Share Buybacks | - | 0 | 7.40M | 0 | 0 | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Gross Margin % | - | - | 45.4% | 40.1% | 41.7% | 39.9% |
| Operating Margin % | -85.1% | - | -107.5% | -60.7% | -76.5% | -66.8% |
| Net Margin % | -431.2% | - | -39.2% | -52.7% | -61.2% | -65.8% |
| ROE % | 88.4% | - | -13.9% | -26.4% | -31.7% | -40.0% |
| ROCE % | 22.1% | - | -22.1% | -19.9% | -19.4% | -19.0% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Primecap Management Company | 14.70% | 31.07M | $155.02M |
| 2 | BAMCO Inc. | 11.05% | 23.34M | $116.46M |
| 3 | Granahan Investment Management LLC | 9.60% | 20.28M | $101.22M |
| 4 | Frontier Capital Management Company LLC | 9.11% | 19.25M | $96.04M |
| 5 | Blackrock Inc. | 7.67% | 16.20M | $80.82M |
| 6 | Elemental Capital Partners LLC | 5.98% | 12.64M | $63.10M |
| 7 | State Street Corporation | 5.69% | 12.02M | $59.96M |
| 8 | Neuberger Berman Group, LLC | 4.99% | 10.54M | $52.61M |
| 9 | Vanguard Capital Management LLC | 3.75% | 7.93M | $39.56M |
| 10 | Vanguard Portfolio Management LLC | 2.82% | 5.96M | $29.73M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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