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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $217M | $-94M | $-143M | $-71M | -37.3% | 0.3% | - |
| 2024 | $217M | $-94M | $-133M | $-75M | -29.8% | -2.9% | - |
| 2023 | $223M | $-90M | $-118M | $-117M | -24.7% | 101.4% | - |
| 2022 | $111M | $-36M | $-43M | $-84M | -13.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 110.80 | 223.17 | 216.68 | 217.39 |
| Cost Of Revenue | 60.49 | 133.61 | 126.37 | 130.76 |
| Gross Profit | 50.31 | 89.56 | 90.31 | 86.63 |
| Operating Expense | 169.43 | 224.99 | 256.06 | 231.78 |
| Operating Income | -119.13 | -135.42 | -165.75 | -145.15 |
| EBITDA | -35.67 | -90.16 | -93.94 | -94.18 |
| EBIT | -52.43 | -124.74 | -137 | -137.77 |
| Pretax Income | -53.82 | -133.37 | -146.11 | -153.72 |
| Tax Provision | -1.03 | -4.53 | -1.92 | -3.01 |
| Net Income | -43.40 | -117.62 | -132.60 | -143.07 |
| Net Income Common Stockholders | -43.40 | -117.62 | -132.60 | -143.07 |
| Total Expenses | 229.93 | 358.59 | 382.43 | 362.54 |
| Interest Expense | 1.39 | 8.62 | 9.11 | 15.96 |
| Interest Income | 2.57 | 7.80 | 4.59 | 7.29 |
| Research And Development | 121.20 | 154.51 | 175.11 | 154.09 |
| Selling General And Administration | 48.24 | 70.48 | 80.94 | 77.69 |
| Normalized EBITDA | -100.21 | -94.24 | -118.64 | -94.71 |
| Normalized Income | -106.70 | -121.57 | -156.99 | -143.58 |
| Basic EPS | -0.42 | -0.81 | -0.76 | -0.73 |
| Diluted EPS | -0.42 | -0.81 | -0.76 | -0.73 |
| Tax Effect Of Unusual Items | 1.24 | 0.14 | 0.33 | 0.01 |
| Tax Rate For Calcs | 0.02 | 0.03 | 0.01 | 0.02 |
| Total Unusual Items | 64.54 | 4.08 | 24.71 | 0.53 |
| Total Unusual Items Excluding Goodwill | 64.54 | 4.08 | 24.71 | 0.53 |
| Net Income From Continuing Operation Net Minority Interest | -43.40 | -117.62 | -132.60 | -143.07 |
| Reconciled Depreciation | 16.76 | 34.59 | 43.06 | 43.59 |
| Reconciled Cost Of Revenue | 60.49 | 133.61 | 126.37 | 130.76 |
| Net Interest Income | 0.88 | -0.85 | -4.67 | -10.35 |
| Net Income From Continuing And Discontinued Operation | -43.40 | -117.62 | -132.60 | -143.07 |
| Total Operating Income As Reported | -119.13 | -135.42 | -170.08 | -154.22 |
| Diluted Average Shares | 118.66 | 145.19 | 175.03 | 197.25 |
| Basic Average Shares | 118.66 | 145.19 | 175.03 | 197.25 |
| Diluted NI Availto Com Stockholders | -43.40 | -117.62 | -132.60 | -143.07 |
| Minority Interests | 9.39 | 11.21 | 11.58 | 7.65 |
| Net Income Including Noncontrolling Interests | -52.79 | -128.83 | -144.19 | -150.71 |
| Net Income Continuous Operations | -52.79 | -128.83 | -144.19 | -150.71 |
| Other Income Expense | 64.43 | 2.91 | 24.31 | 1.77 |
| Other Non Operating Income Expenses | -0.11 | -1.18 | -0.40 | 1.25 |
| Special Income Charges | 9.47 | -2.98 | 24.71 | 0.53 |
| Other Special Charges | 0 | 0 | 0 | -2.62 |
| Restructuring And Mergern Acquisition | -9.47 | 2.98 | -24.71 | 2.10 |
| Gain On Sale Of Security | 55.07 | 7.07 | 0 | 0 |
| Net Non Operating Interest Income Expense | 0.88 | -0.85 | -4.67 | -10.35 |
| Total Other Finance Cost | 0.30 | 0.03 | 0.15 | 1.68 |
| Interest Expense Non Operating | 1.39 | 8.62 | 9.11 | 15.96 |
| Interest Income Non Operating | 2.57 | 7.80 | 4.59 | 7.29 |
| Operating Revenue | 110.80 | 223.17 | 216.68 | 217.39 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| indie Semiconductor, Inc.this co. | INDI | $862M | - | 2.33 | -37.3% | -10.48 |
| ScanSource, Inc. | SCSC | $947M | 12.40 | 0.98 | 7.9% | 6.85 |
| EFOR | EFOR | $943M | 10.19 | - | 6.3% | 6.33 |
| Daktronics, Inc. | DAKT | $928M | 34.62 | 3.13 | -3.7% | 9.89 |
| Aeva Technologies, Inc. | AEVA | $928M | - |
| 68.56 |
| -1100.5% |
| -7.43 |
| Cricut, Inc. | CRCT | $906M | 12.23 | 2.63 | 22.3% | 6.35 |
| LSI Industries Inc. | LYTS | $840M | 30.97 | 2.77 | 10.6% | 17.77 |
| Cantaloupe, Inc. | CTLP | $801M | 14.89 | 3.17 | 25.4% | 16.96 |
| Bandwidth Inc. | BAND | $775M | - | 1.90 | -3.2% | 34.20 |
| Peer Median | - | 13.64 | 2.77 | 7.1% | 8.37 | |