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indie Semiconductor, Inc. INDI R2KAI

Technology · Semiconductors · United States
https://www.indie.inc

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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$4.99
+88.30% 1Y

Market & Price

Market Cap
$1.05B
Current Price
$4.99
High / Low (52W)
$6.00 / $2.44
Beta
2.73

Valuation

Stock P/E
-
Industry PE
32.74
Forward P/E
34.77
PEG Ratio
-
Book Value
$1.55
Price to Book
3.22
P/S
4.82
EV/EBITDA
-12.94
Dividend Yield
-

Profitability & Returns

ROCE
-18.03%
ROE
-41.16%
ROA
-10.20%
Profit Margin
-69.35%
Op Margin
-70.09%
EPS (Latest Qtr)
$-0.21
EPS (TTM)
$-0.76

Balance Sheet & Liquidity

Debt/Equity
1.23
Quick Ratio
3.02
Current Ratio
4.11
Debt
$430.91M
Total Assets
$840.79M
Current Assets
$285.77M
Working Capital
$209.22M

Ownership

Promoter Holding
0.95%
Chg in Prom Hold
-
FII / Inst Holding
108.93%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.34B
Total Revenue (TTM)
$218.77M
EBITDA
$-103.20M
Free Cash Flow
$-1.72M
Operating Cash Flow
$-50.26M
Shares Outstanding
211.29M
Gross Margin
-29.87%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
25.19%
Profit 5Y
-76.55%
Revenue (YoY)
2.60%
Earnings (YoY)
-

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

Robinhood TradingView StockAnalysis

Fundamental Growth

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).

#NameCMP $P/E Mkt CapDiv 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%
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Quarterly Results

Figures in USD.

Metric Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 3.71M7.59M8.11M9.18M12.16M22.00M25.75M30.02M40.45M52.11M60.48M52.35M52.35M53.97M54.08M51.63M53.68M58.01M55.46M
Cost of Revenue --------------31.53M30.69M32.17M36.37M34.38M
Gross Profit --------------22.55M20.94M21.50M21.64M21.08M
Operating Expenses --------------61.48M56.83M58.80M54.67M59.95M
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 --------------4.52M4.53M4.35M2.57M4.34M
Pretax Income ---------------37.12M-41.05M-41.06M-34.50M-47.44M
Tax Provision --------------56.00K565.00K-363.00K-3.27M-319.00K
Net Income -6.86M-21.96M10.81M6.15M-79.65M10.83M-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 -0.22-0.70-0.350.06-0.830.07-0.04-0.31-0.55-0.09-0.12-0.19-0.11-0.28-0.18-0.20-0.19-0.16-0.21
R&D Expense 4.80M5.82M8.68M13.49M15.04M29.50M28.47M30.23M36.56M42.07M41.59M49.59M41.30M45.97M42.12M38.47M37.99M-38.53M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 22.61M-110.80M223.17M216.68M217.39M
Cost of Revenue --60.49M133.61M126.37M130.76M
Gross Profit --50.31M89.56M90.31M86.63M
Operating Expenses --169.43M224.99M256.06M231.78M
Operating Income -19.24M--119.13M-135.42M-165.75M-145.15M
EBITDA ---35.67M-90.16M-93.94M-94.18M
Interest Expense --1.39M8.62M9.11M15.96M
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 22.01M58.12M121.20M154.51M175.11M154.09M

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 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -35.13M-603.35M818.88M941.39M840.79M
Current Assets ---373.87M271.82M408.75M285.77M
Cash & Equivalents -18.70M-321.63M151.68M274.25M145.46M
Inventory ---13.26M33.14M49.89M48.62M
Receivables ---26.44M63.60M52.01M57.48M
Total Liabilities -136.62M-289.02M341.85M495.99M456.77M
Current Liabilities -122.20M-63.96M138.88M84.88M76.55M
Long Term Debt -12.35M-155.70M156.74M369.10M339.83M
Total Debt ---183.47M174.34M398.58M369.67M
Total Equity -10.58M-110.31M-312.81M446.15M417.89M358.03M
Shares Outstanding ---126.82M163.19M189.16M204.10M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 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-192.66M43.57M209.33M-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-168.56M131.47M-128.04M
Share Buybacks -07.40M00-

Ratios (Annual)

Figures in %.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 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

Insiders
0.95%
Institutions
108.93%
Public Float
109.97%

Top Institutional Holders

#Holder% HeldSharesValue
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

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