indie Semiconductor, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $217.4M | $216.7M | $223.2M | $110.8M | $48.4M |
| Cost of revenue | $130.8M | $126.4M | $133.6M | $60.5M | $28.7M |
| Selling, general & administrative | $77.7M | $80.9M | $70.5M | $48.2M | $36.4M |
| Research and development | $154.1M | $175.1M | $154.5M | $121.2M | $58.1M |
| Operating income | -$154.2M | -$170.1M | -$135.4M | -$119.1M | -$74.8M |
| Interest expense | $17.6M | $9.3M | $8.7M | $1.7M | $1.2M |
| Pretax income | -$153.7M | -$146.1M | -$133.4M | -$53.8M | -$118.9M |
| Income tax expense | -$3.0M | -$1.9M | -$4.5M | -$1.0M | -$327,000 |
| Net income | -$143.1M | -$132.6M | -$117.6M | -$43.4M | -$88.0M |
| Balance Sheet | |||||
| Cash and equivalents | $145.5M | $274.2M | $151.7M | $321.6M | $219.1M |
| Current assets | $285.8M | $408.7M | $271.8M | $373.9M | $248.0M |
| Total assets | $840.8M | $941.4M | $818.9M | $603.4M | $469.3M |
| Current liabilities | $76.5M | $84.9M | $138.9M | $64.0M | $33.7M |
| Total liabilities | $456.8M | $496.0M | $341.9M | $289.0M | $177.4M |
| Total debt | $353.4M | $381.3M | $160.8M | $171.4M | $7.9M |
| Stockholders' equity | $358.0M | $417.9M | $446.1M | $312.8M | $313.0M |
| Cash Flow Statement | |||||
| Cash from operations | -$57.1M | -$58.6M | -$104.4M | -$76.7M | -$55.8M |
| Stock-based compensation | $65.1M | $67.2M | $43.7M | $41.9M | $22.9M |
| 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 |
| Share repurchases | — | $0 | $0 | $7.4M | $0 |
| Impairments | $376,000 | $998,000 | $0 | $0 | $0 |
Shares outstanding 226.9M · Free float 92.6%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.