Indie Semiconductor, Inc. | Small-cap | Technology
$4.15
-6.53%
| Indie Semiconductor Stock Comparison:
Indie Semiconductor vs Lam ResearchIndie Semiconductor vs Applied MaterialsIndie Semiconductor vs Veeco InstrumentsIndie Semiconductor vs PhotronicsIndie Semiconductor vs Ultra CleanIndie Semiconductor vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 54.1M
Gross Profit 22.5M 41.70%
Operating Income -38.9M -72.00%
Net Income -37.2M -68.74%
EPS (Diluted) $-0.18

Balance Sheet Metrics

Total Assets 909.0M
Total Liabilities 477.3M
Shareholders Equity 431.7M
Debt to Equity 1.11

Cash Flow Metrics

Operating Cash Flow -32.7M
Free Cash Flow -31.4M

Revenue & Profitability Trend

Indie Semiconductor Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 216.7M 223.2M 110.8M 48.4M 22.6M
Cost of Goods Sold i 126.4M 133.6M 60.5M 28.7M 13.0M
Gross Profit i 90.3M 89.6M 50.3M 19.7M 9.6M
Gross Margin % i 41.7% 40.1% 45.4% 40.7% 42.3%
Operating Expenses
Research & Development i 175.1M 154.5M 121.2M 58.1M 22.0M
Selling, General & Administrative i 80.9M 70.5M 48.2M 36.4M 6.8M
Other Operating Expenses i - - - - -
Total Operating Expenses i 256.1M 225.0M 169.4M 94.5M 28.8M
Operating Income i -165.7M -135.4M -119.1M -74.8M -19.2M
Operating Margin % i -76.5% -60.7% -107.5% -154.5% -85.1%
Non-Operating Items
Interest Income i 4.6M 7.8M 2.6M 49.0K 25.0K
Interest Expense i 9.1M 8.6M 1.4M 1.2M 2.2M
Other Non-Operating Income 24.3M 2.9M 64.4M -43.0M -76.9M
Pre-tax Income i -146.1M -133.4M -53.8M -118.9M -98.3M
Income Tax i -1.9M -4.5M -1.0M -327.0K 29.0K
Effective Tax Rate % i 0.0% 0.0% 0.0% 0.0% 0.0%
Net Income i -144.2M -128.8M -52.8M -118.6M -98.4M
Net Margin % i -66.5% -57.7% -47.6% -245.0% -435.0%
Key Metrics
EBITDA i -118.6M -94.2M -100.2M -68.7M -16.3M
EPS (Basic) i $-0.76 $-0.81 $-0.37 $-1.26 $-0.96
EPS (Diluted) i $-0.76 $-0.81 $-0.37 $-1.26 $-0.96
Basic Shares Outstanding i 175029650 145188867 118660785 70012112 101482466
Diluted Shares Outstanding i 175029650 145188867 118660785 70012112 101482466

Income Statement Trend

Indie Semiconductor Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 274.2M 151.7M 321.6M 219.1M 18.7M
Short-term Investments i - - - - -
Accounts Receivable i 52.0M 63.6M 26.4M 13.8M 5.9M
Inventory i 49.9M 33.1M 13.3M 9.1M 2.9M
Other Current Assets 22.3M 23.4M 12.3M 5.6M 2.5M
Total Current Assets i 408.7M 271.8M 373.9M 248.0M 30.0M
Non-Current Assets
Property, Plant & Equipment i 51.8M 43.1M 29.3M 14.6M 5.7M
Goodwill i 741.7M 798.3M 336.0M 323.4M 4.6M
Intangible Assets i 208.9M 208.1M 63.1M 96.3M 1.1M
Long-term Investments - - - - -
Other Non-Current Assets 6.9M 3.1M 2.0M 270.0K 154.0K
Total Non-Current Assets i 532.6M 547.1M 229.5M 221.2M 5.2M
Total Assets i 941.4M 818.9M 603.4M 469.3M 35.1M
Liabilities
Current Liabilities
Accounts Payable i 28.3M 18.4M 14.2M 5.4M 4.6M
Short-term Debt i 15.2M 6.8M 17.7M 2.3M 8.5M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities 14.7M 92.3M 7.1M 6.3M 103.8M
Total Current Liabilities i 84.9M 138.9M 64.0M 33.7M 122.2M
Non-Current Liabilities
Long-term Debt i 383.4M 167.6M 165.8M 5.6M 12.3M
Deferred Tax Liabilities i 11.7M 13.7M 7.8M 19.5M 0
Other Non-Current Liabilities 4.1M 21.7M 1.8M 5.6M 1.7M
Total Non-Current Liabilities i 411.1M 203.0M 225.1M 143.7M 14.4M
Total Liabilities i 496.0M 341.9M 289.0M 177.4M 136.6M
Equity
Common Stock i 21.0K 18.0K 15.0K 14.0K 6.0K
Retained Earnings i -494.0M -361.4M -243.8M -200.4M -153.3M
Treasury Stock i - - - - -
Other Equity - - - - -
Total Shareholders Equity i 445.4M 477.0M 314.3M 291.9M -101.5M
Key Metrics
Total Debt i 398.6M 174.3M 183.5M 7.9M 20.8M
Working Capital i 323.9M 132.9M 309.9M 214.3M -92.2M

Balance Sheet Composition

Indie Semiconductor Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i -144.2M -128.8M -52.8M -118.6M -98.4M
Depreciation & Amortization i 43.1M 34.6M 16.8M 6.0M 2.7M
Stock-Based Compensation i 67.2M 43.7M 41.9M 22.9M 0
Working Capital Changes i -3.1M -44.0M -12.1M -10.9M -2.4M
Operating Cash Flow i -69.4M -84.9M -17.1M -83.3M -19.9M
Investing Activities
Capital Expenditures i -14.3M -12.8M -7.6M -2.7M -637.0K
Acquisitions i -3.2M -95.0M -8.7M -80.3M 0
Investment Purchases i - - - - -
Investment Sales i - - - - -
Investing Cash Flow i -17.5M -107.7M -16.3M -82.9M -637.0K
Financing Activities
Share Repurchases i 0 0 -7.4M -900.0K 0
Dividends Paid i - - - - -
Debt Issuance i 230.4M 1.1M 161.5M 775.0K 31.9M
Debt Repayment i -8.0M -12.8M -2.2M -17.5M -4.2M
Financing Cash Flow i 209.3M 43.5M 192.6M 340.6M 33.5M
Free Cash Flow i -74.7M -117.1M -84.3M -59.9M -22.0M
Net Change in Cash i 122.4M -149.1M 159.2M 174.4M 12.9M

Cash Flow Trend

Indie Semiconductor Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) -5.97
Forward P/E -221.00
Price to Book 2.23
Price to Sales 4.03
PEG Ratio -0.07

Profitability Ratios

Profit Margin -71.59%
Operating Margin -69.50%
Return on Equity -36.56%
Return on Assets -11.49%

Financial Health

Current Ratio 4.34
Debt to Equity 88.91
Beta 2.33

Per Share Data

EPS (TTM) $-0.84
Book Value per Share $1.99
Revenue per Share $1.16

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
indi 901.4M -5.97 2.23 -36.56% -71.59% 88.91
Lam Research 191.0B 33.82 18.06 58.24% 29.07% 48.23
Applied Materials 168.5B 25.25 8.64 35.63% 23.88% 34.67
Veeco Instruments 1.9B 29.02 2.08 7.71% 8.65% 30.69
Photronics 1.5B 13.15 1.19 10.29% 12.67% 0.00
Ultra Clean 1.4B 39.89 1.73 -16.76% -7.15% 82.10

Financial data is updated regularly. All figures are in the company's reporting currency.