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Nasdaq · Technology

indie Semiconductor, Inc. (INDI)

As-reported financials and SEC filings for indie Semiconductor, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About indie Semiconductor, Inc.

indie Semiconductor, Inc. develops high-performance, energy-efficient mixed-signal system-on-chips and system solutions primarily for advanced driver assistance systems in the automotive industry. The company produces sensors using Radar, LiDAR, Ultrasound, and Computer Vision technologies, along with embedded system control, power management, and interfacing solutions. It serves automotive manufacturers and Tier 1 partners worldwide, providing semiconductor devices that support automated vehicle safety features.

Snapshot

Revenue
$217.4M
Revenue growth (YoY)
0.3%
Net income
$-143.1M
Diluted EPS
$-0.73
Gross margin
39.9%
Operating margin
-70.9%
Net margin
-65.8%
FCF margin
-32.9%
ROE
-37.3%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$750.1M
Long-term debt / equity
0.88×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at indie Semiconductor

  • Revenue grew 0.3% to $217M in FY2025, after a 2.9% decline the year before.
  • Operating margin is -70.9% in FY2025, +83.6 pp against -154.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $64M, up 24.0% from Q2 FY2025.
  • Free cash flow was negative $71M in FY2025.
  • Net loss widened to $143M in FY2025, from $133M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where indie Semiconductor’s fundamentals sit among the 88 semiconductor companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin39.9%
45th percentile of 78
Operating margin-70.9%
Lowest of 79
Net margin-65.8%
1st percentile of 80
FCF margin-32.9%
8th percentile of 78
Revenue growth (YoY)+0.3%
29th percentile of 88
ROE-37.3%
8th percentile of 74
Long-term debt / equity0.88×
91st percentile of 44
Short interest8.04d
93rd percentile of 88

indie Semiconductor’s operating margin of -70.9% is the lowest of the 79 semiconductor companies reporting it. indie Semiconductor’s net margin of -65.8% ranks in the 1st percentile of the 80 semiconductor companies reporting it. indie Semiconductor’s FCF margin of -32.9% ranks in the 8th percentile of the 78 semiconductor companies reporting it.

No reported insider purchases (code P) in the last 90 days; 15 insider sales totaling $2.1M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+5 quant / multi-strat
Initiated / added
5
2 new, 3 added
Reduced / exited
0
0 trimmed, 0 exited
Combined position
$8.3M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$5.1M1.1MNew
Two Sigma InvestmentsquantQ2 2026$2.4M544.8KAdded
AQR Capital ManagementquantQ2 2026$402,32689.6KAdded
Citadel AdvisorsquantQ2 2026$206,11345.9KNew
Millennium ManagementquantQ2 2026$159,35535.5KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
15
$2.1M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-31
filed 2026-09-01
McClymont DonaldChief Executive OfficerSell46.9K$3.72$175K
2026-08-31
filed 2026-09-01
Wu NaixiChief Financial OfficerSell23.2K$3.72$86K
2026-08-31
filed 2026-09-01
Wittmann MichaelChief Operating OfficerSell17.0K$3.72$63K
2026-08-31
filed 2026-09-01
schiller ThomasDirectorSell3.1K$3.72$12K
2026-08-19
filed 2026-08-21
Parekh Sonalee ElizabethDirectorSell59.9K$4.07$244K
2026-08-14
filed 2026-08-18
Wittmann MichaelChief Operating OfficerSell42.5K$4.10$174K
2026-08-12
filed 2026-08-14
Parekh Sonalee ElizabethDirectorSell20.0K$3.80$76K
2026-07-06
filed 2026-07-08
Wittmann MichaelChief Operating OfficerSell4.4K$4.67$20K
2026-07-06
filed 2026-07-08
Wittmann MichaelChief Operating OfficerSell1.9K$4.67$9K
2026-07-02
filed 2026-07-06
McClymont DonaldChief Executive OfficerSell126.5K$4.45$563K
2026-07-02
filed 2026-07-06
Wittmann MichaelChief Operating OfficerSell30.2K$4.45$134K
2026-07-02
filed 2026-07-06
Wu NaixiChief Financial OfficerSell19.6K$4.37$86K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
67.9M
settled 2026-08-14
Change vs prior
-2.8%
vs previous settlement
Days to cover
8.04
at avg daily volume
Avg daily volume
8.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1467.9M-2.8%8.04
2026-07-3169.8M+0.9%16.62
2026-07-1569.2M+2.6%11.68
2026-06-3067.4M+5.1%9.84
2026-06-1564.1M+2.1%12.14
2026-05-2962.8M+2.5%9.16
2026-05-1561.3M+0.7%11.51
2026-04-3060.9M-4.6%9.42

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$217.4M$216.7M$223.2M$110.8M$48.4M
Gross profit$86.6M$90.3M$89.6M$50.3M$19.7M
Operating income$-154.2M$-170.1M$-135.4M$-119.1M$-74.8M
Net income$-143.1M$-132.6M$-117.6M$-43.4M$-88.0M
Diluted EPS$-0.73$-0.76$-0.81$-0.37$-1.26

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-57.1M$-58.6M$-104.4M$-76.7M$-55.8M
Capital expenditure$14.3M$14.3M$12.8M$7.6M$2.7M
Free cash flow$-71.4M$-72.9M$-117.1M$-84.3M$-58.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$64.0M24.0%$-37.1M$-0.17
Q1 FY2026$55.5M2.6%$-43.2M$-0.21
Q4 FY2025$58.0M-0.0%$-31.2M$-0.15
Q3 FY2025$53.7M-0.5%$-38.3M$-0.19
Q2 FY2025$51.6M-1.4%$-39.0M$-0.20
Q1 FY2025$54.1M3.3%$-34.5M$-0.18
Q4 FY2024$58.0M-17.3%$-32.6M$-0.18
Q3 FY2024$54.0M-10.8%$-49.7M$-0.28

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industrySemiconductors & Related Devices
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2021
SEC CIK1841925

Selected SEC filings

10-Q2026-08-07
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
8-K/A2026-08-07
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-06-22
View on EDGAR →
8-K2026-05-29
View on EDGAR →

Largest semiconductor peers

All semiconductor stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.