indie Semiconductor, Inc. INDI
Headquartered in Aliso Viejo, CA, indie is empowering the automotive revolution with next generation semiconductors, photonics and software platforms. We focus on developing innovative, high-performance and energy-efficient mixed-signal system-on-chips ("SoCs") and system solutions for advanced driver assistance systems ("ADAS") in addition to adjacent industrial applications. Our sensors span all major modalities, including Radar, LiDAR, Ultrasound, and Computer Vision, while our embedded system control, power management, and interfacing solutions are accelerating the proliferation of automated vehicle safety features.
Through innovative analog, digital and mixed-signal integrated circuits ("ICs") with software running on the embedded processors, we are developing a differentiated, market-leading portfolio of automotive products. Our technological expertise, including cutting-edge design capabilities and packaging expertise, together with our deep application knowledge and strong customer relationships, has enabled us to ship over 550 million semiconductor devices since our inception.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Greater China
- Europe
- United States
- Rest of Asia Pacific
- South Korea
- Rest of North America
- Other
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Greater China | $102.9M | $98.3M | $101.3M |
| Europe | $42.9M | $37.3M | $36.0M |
| United States | $33.4M | $38.2M | $53.6M |
| Rest of Asia Pacific | $18.5M | $21.2M | $2.9M |
| South Korea | $15.0M | $15.2M | $18.8M |
| Rest of North America | $3.2M | $4.4M | $8.5M |
| Other | $1.5M | $1.9M | $2.1M |
As the company reported it, from the “Revenue - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $217.4M | $216.7M | $223.2M | $110.8M | $48.4M | $22.6M | — |
| Cost of revenue | $130.8M | $126.4M | $133.6M | $60.5M | $28.7M | $13.0M | — |
| Gross profit | $86.6M | $90.3M | $89.6M | $50.3M | $19.7M | $9.6M | — |
| R&D | $154.1M | $175.1M | $154.5M | $121.2M | $58.1M | $22.0M | — |
| SG&A | $77.7M | $80.9M | $70.5M | $48.2M | $36.4M | $6.8M | — |
| Total operating expenses | $371.6M | $386.8M | $358.6M | $229.9M | $123.2M | $41.9M | — |
| Operating income | -$154.2M | -$170.1M | -$135.4M | -$119.1M | -$74.8M | -$19.2M | — |
| Interest expense | $17.6M | $9.3M | $8.7M | $1.7M | $1.2M | $2.2M | — |
| Pre-tax income | -$153.7M | -$146.1M | -$133.4M | -$53.8M | -$118.9M | -$98.3M | — |
| Income tax | $3.0M | $1.9M | $4.5M | $1.0M | $327.0K | $29.0K | — |
| Net income | -$150.7M | -$144.2M | -$128.8M | -$52.8M | -$118.6M | -$97.5M | — |
| EPS, basic | -0.73 | -0.76 | -0.81 | -0.37 | -1.26 | -3.12 | — |
| EPS, diluted | -0.73 | -0.76 | -0.81 | -0.37 | -1.26 | -3.12 | — |
| Shares, diluted (wtd. avg.) | 197.2M | 175.0M | 145.2M | 118.7M | 70.0M | 31.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $145.5M | $274.2M | $151.7M | $321.9M | $219.5M | $18.7M | $7.2M |
| Receivables | $57.5M | $52.0M | $63.6M | $26.4M | $13.8M | $5.9M | — |
| Inventory | $48.6M | $49.9M | $33.1M | $13.3M | $9.1M | $2.9M | — |
| Total current assets | $285.8M | $408.7M | $271.8M | $373.9M | $248.0M | $30.0M | — |
| Property, plant and equipment | $43.3M | $34.3M | $27.0M | $15.8M | $11.1M | $2.2M | — |
| Goodwill | $292.6M | $266.4M | $295.1M | $136.5M | $113.6M | $1.7M | — |
| Other intangibles | $195.9M | $208.9M | $208.1M | $63.1M | $96.3M | $1.1M | — |
| Total assets | $840.8M | $941.4M | $818.9M | $603.4M | $469.3M | $35.1M | — |
| Accounts payable | $21.8M | $28.3M | $18.4M | $14.2M | $5.4M | $4.6M | — |
| Short-term debt | $13.6M | $12.2M | $4.1M | $15.7M | $2.3M | $8.5M | — |
| Total current liabilities | $76.5M | $84.9M | $138.9M | $64.0M | $33.7M | $122.2M | — |
| Long-term debt | $339.8M | $369.1M | $156.7M | $155.7M | $5.6M | $12.3M | — |
| Total liabilities | $456.8M | $496.0M | $341.9M | $289.0M | $177.4M | $136.6M | — |
| Retained earnings | -$637.1M | -$494.0M | -$361.4M | -$243.8M | -$200.4M | -$153.3M | — |
| Total equity | $358.0M | $417.9M | $477.0M | $314.3M | $291.9M | -$101.5M | -$10.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$57.1M | -$58.6M | -$104.4M | -$76.7M | -$55.8M | -$21.2M | — |
| Stock-based compensation | $65.1M | $67.2M | $43.7M | $41.9M | $22.9M | $0 | — |
| Capital expenditure | $14.3M | $14.3M | $12.8M | $7.6M | $2.7M | $637.0K | — |
| Investing cash flow | -$32.0M | -$19.3M | -$107.7M | -$16.3M | -$84.3M | -$771.0K | — |
| Financing cash flow | -$38.9M | $209.3M | $43.6M | $192.7M | $340.6M | $33.5M | — |
| Buybacks | — | $0 | $0 | $7.4M | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-161644.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $22.6M | $48.4M | $110.8M | $223.2M | $216.7M | $217.4M |
| Gross profit | — | $9.6M | $19.7M | $50.3M | $89.6M | $90.3M | $86.6M |
| Net income | — | -$97.5M | -$118.6M | -$52.8M | -$128.8M | -$144.2M | -$150.7M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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