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Stocks · Technology · Semiconductors & Related Devices

indie Semiconductor, Inc.

INDI Clue Score42
United States Fiscal year ends December CIK 0001841925
$2.60 -0.19% Close, 9 Oct 2026
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Price $2.60 −77.05% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 10 Jun 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue22.6Operating income−19.2Net income−97.5EPS, diluted−3.12Fiscal year 2021Revenue48.4 +114.1%Operating income−74.8Net income−88.0EPS, diluted−1.26Fiscal year 2022Revenue110.8 +128.9%Operating income−119.1Net income−43.4EPS, diluted−0.37Fiscal year 2023Revenue223.2 +101.4%Operating income−135.4Net income−117.6EPS, diluted−0.81Fiscal year 2024Revenue216.7 −2.9%Operating income−170.1Net income−132.6EPS, diluted−0.76Fiscal year 2025Revenue217.4 +0.3%Operating income−154.2Net income−143.1EPS, diluted−0.73
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 22.6 48.4 110.8 223.2 216.7 217.4
Growth +114.1% +128.9% +101.4% −2.9% +0.3%
Operating income −19.2 −74.8 −119.1 −135.4 −170.1 −154.2
Net income −97.5 −88.0 −43.4 −117.6 −132.6 −143.1
Growth
EPS, diluted −3.12 −1.26 −0.37 −0.81 −0.76 −0.73

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2020Operating margin−85.1%Net margin−431.2%Free cash flow margin−96.7%Fiscal year 2021Operating margin−154.5%Net margin−181.9%Free cash flow margin−120.8%Fiscal year 2022Operating margin−107.5%Net margin−39.2%Free cash flow margin−76.1%Fiscal year 2023Operating margin−60.7%Net margin−52.7%Free cash flow margin−52.5%Fiscal year 2024Operating margin−78.5%Net margin−61.2%Free cash flow margin−33.7%Fiscal year 2025Operating margin−70.9%Net margin−65.8%Free cash flow margin−32.9%
FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −85.1% −154.5% −107.5% −60.7% −78.5% −70.9%
Net margin −431.2% −181.9% −39.2% −52.7% −61.2% −65.8%
Free cash flow margin −96.7% −120.8% −76.1% −52.5% −33.7% −32.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−21.2Capital expenditure−0.6Free cash flow−21.9Fiscal year 2021Operating cash flow−55.8Capital expenditure−2.7Free cash flow−58.5Buybacks0.0Fiscal year 2022Operating cash flow−76.7Capital expenditure−7.6Free cash flow−84.3Buybacks−7.4Fiscal year 2023Operating cash flow−104.4Capital expenditure−12.8Free cash flow−117.1Buybacks0.0Fiscal year 2024Operating cash flow−58.6Capital expenditure−14.3Free cash flow−72.9Buybacks0.0Fiscal year 2025Operating cash flow−57.1Capital expenditure−14.3Free cash flow−71.4
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −21.2 −55.8 −76.7 −104.4 −58.6 −57.1
Capital expenditure −0.6 −2.7 −7.6 −12.8 −14.3 −14.3
Free cash flow −21.9 −58.5 −84.3 −117.1 −72.9 −71.4
Growth
Buybacks n/a 0.0 −7.4 0.0 0.0 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash18.7Total debt12.3Net cash (debt)6.4Shareholders’ equity−110.3Fiscal year 2021Cash219.1Total debt5.6Net cash (debt)213.5Shareholders’ equity313.0Debt to equity0.02Fiscal year 2022Cash321.6Total debt155.7Net cash (debt)165.9Shareholders’ equity312.8Debt to equity0.50Fiscal year 2023Cash151.7Total debt156.7Net cash (debt)−5.1Shareholders’ equity446.1Debt to equity0.35Fiscal year 2024Cash274.2Total debt369.1Net cash (debt)−94.8Shareholders’ equity417.9Debt to equity0.88Fiscal year 2025Cash145.5Total debt339.8Net cash (debt)−194.4Shareholders’ equity358.0Debt to equity0.95
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 18.7 219.1 321.6 151.7 274.2 145.5
Total debt 12.3 5.6 155.7 156.7 369.1 339.8
Net cash (debt) 6.4 213.5 165.9 −5.1 −94.8 −194.4
Shareholders’ equity −110.3 313.0 312.8 446.1 417.9 358.0
Debt to equity n/a 0.02 0.50 0.35 0.88 0.95

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021† 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
22.6 48.4 110.8 223.2 216.7 217.4
Growth +114.1% +128.9% +101.4% −2.9% +0.3%
13.0 28.7 60.5 133.6 126.4 130.8
22.0 58.1 121.2 154.5 175.1 154.1
6.8 36.4 48.2 70.5 80.9 77.7
−19.2 −74.8 −119.1 −135.4 −170.1 −154.2
Growth
−98.3 −118.9 −53.8 −133.4 −146.1 −153.7
0.0 −0.3 −1.0 −4.5 −1.9 −3.0
−97.5 −88.0 −43.4 −117.6 −132.6 −143.1
Growth
Per share
−3.12 −1.26 −0.37 −0.81 −0.76 −0.73
−3.12 −1.26 −0.37 −0.81 −0.76 −0.73
Growth
31.2 70.0 118.7 145.2 175.0 197.2
31.2 70.0 118.7 145.2 175.0 197.2
Growth +124.1% +69.5% +22.4% +20.6% +12.7%

† The diluted share count jumps at 2021 and 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 57.2% a year over five years.
  • Operating margin is up 14.2 points on five years ago, at -70.9%.
  • A net loss in 6 of 6 years on file.