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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 | -40.0% | 0.3% | 7.9% |
| 2024 | $217M | $-94M | $-133M | $-75M | -31.7% | -2.9% | 12.7% |
| 2023 | $223M | $-90M | $-118M | $-117M | -26.4% | 101.4% | 171.0% |
| 2022 | $111M | $-36M | $-43M | $-84M | -13.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 110.80 | 223.17 | 216.68 | 217.39 |
| Operating 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 |
| Research And Development | - | 121.20 | 154.51 | 175.11 | 154.09 |
| Selling General And Administration | - | 48.24 | 70.48 | 80.94 | 77.69 |
| Total Expenses | - | 229.92 | 358.59 | 382.43 | 362.54 |
| Operating Income | - | -119.13 | -135.42 | -165.75 | -145.15 |
| Total Operating Income As Reported | - | -119.13 | -135.42 | -170.08 | -154.22 |
| EBITDA | - | -35.67 | -90.16 | -93.94 | -94.18 |
| Normalized EBITDA | - | -100.21 | -94.24 | -118.64 | -94.71 |
| EBIT | - | -52.43 | -124.74 | -137 | -137.77 |
| Interest Income | - | 2.57 | 7.80 | 4.59 | 7.29 |
| Interest Expense | - | 1.39 | 8.62 | 9.11 | 15.96 |
| Net Interest Income | - | 0.88 | -0.85 | -4.67 | -10.35 |
| Other Non Operating Income Expenses | - | -0.11 | -1.18 | -0.40 | 1.25 |
| Other Income Expense | - | 64.43 | 2.91 | 24.31 | 1.77 |
| Interest Income Non Operating | - | 2.57 | 7.80 | 4.59 | 7.29 |
| Interest Expense Non Operating | - | 1.39 | 8.62 | 9.11 | 15.96 |
| Net Non Operating Interest Income Expense | - | 0.88 | -0.85 | -4.67 | -10.35 |
| Pretax Income | - | -53.82 | -133.37 | -146.11 | -153.72 |
| Tax Provision | - | -1.03 | -4.53 | -1.92 | -3.01 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.24 | 0.14 | 0.33 | 0.01 |
| Net Income Continuous Operations | - | -52.79 | -128.83 | -144.19 | -150.71 |
| Net Income From Continuing And Discontinued Operation | - | -43.40 | -117.62 | -132.60 | -143.07 |
| Net Income From Continuing Operation Net Minority Interest | - | -43.40 | -117.62 | -132.60 | -143.07 |
| Net Income | - | -43.40 | -117.62 | -132.60 | -143.07 |
| Net Income Common Stockholders | - | -43.40 | -117.62 | -132.60 | -143.07 |
| Net Income Including Noncontrolling Interests | - | -52.79 | -128.83 | -144.19 | -150.71 |
| Normalized Income | - | -106.70 | -121.57 | -156.99 | -143.58 |
| Diluted NI Availto Com Stockholders | - | -43.40 | -117.62 | -132.60 | -143.07 |
| Basic Average Shares | - | 118.66 | 145.19 | 175.03 | 197.25 |
| Diluted Average Shares | - | 118.66 | 145.19 | 175.03 | 197.25 |
| Reconciled Depreciation | - | 16.76 | 34.58 | 43.06 | 43.59 |
| Reconciled Cost Of Revenue | - | 60.49 | 133.61 | 126.37 | 130.76 |
| Total Unusual Items | - | 64.54 | 4.08 | 24.71 | 0.53 |
| Total Unusual Items Excluding Goodwill | - | 64.54 | 4.08 | 24.71 | 0.53 |
| Minority Interests | - | 9.39 | 11.21 | 11.58 | 7.65 |
| Special Income Charges | - | 9.47 | -2.98 | 24.71 | 0.53 |
| Other Special Charges | -0.30 | - | - | - | -2.62 |
| Restructuring And Mergern Acquisition | - | -9.47 | 2.98 | -24.71 | 2.10 |
| Gain On Sale Of Security | -4.46 | 55.07 | 7.07 | - | - |
| Total Other Finance Cost | - | 0.30 | 0.02 | 0.15 | 1.68 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| indie Semiconductor, Inc.this co. | INDI | $1.0B | -7.09 | 2.83 | -40.0% | -13.15 |
| Upbound Group, Inc. | UPBD | $1.1B | 14.49 | 1.52 | 10.5% | 1.61 |
| WhiteFiber, Inc. | WYFI | $1.1B | - | 21.36 | -5.1% | - |
| Corsair Gaming, Inc. | CRSR | $1.1B | -65.61 | 1.67 | -2.6% | 22.45 |
| Amplitude, Inc. | AMPL | $1.0B | - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.19 |
| -36.1% |
| - |
| Rezolve AI PLC | RZLV | $1.0B | -9.87 | 4.06 | -41.1% | -9.64 |
| NCR Voyix Corporation | VYX | $978M | 15.78 | 1.03 | 6.5% | 7.97 |
| ScanSource, Inc. | SCSC | $964M | 13.48 | 1.06 | 7.9% | 7.43 |
| Donnelley Financial Solutions, Inc. | DFIN | $962M | 29.69 | 2.54 | 8.5% | 9.06 |
| Peer Median | - | 13.98 | 2.11 | 2.0% | 7.70 | |