indie Semiconductor (INDI) Financials

$2.66 -0.18 (-6.34%)

Closing price 04:00 PM Eastern

Extended Trading

$2.64 -0.02 (-0.71%)

As of 07:53 PM Eastern

Annual Income Statements for indie Semiconductor

This table shows indie Semiconductor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-133	-118	-43
Consolidated Net Income / (Loss)	-144	-129	-53
Net Income / (Loss) Continuing Operations	-144	-129	-53
Total Pre-Tax Income	-146	-133	-54
Total Operating Income	-170	-135	-119
Total Gross Profit	90	90	50
Total Revenue	217	223	111
Operating Revenue	217	223	111
Total Cost of Revenue	126	134	60
Operating Cost of Revenue	126	134	60
Total Operating Expenses	260	225	169
Selling, General & Admin Expense	81	70	48
Research & Development Expense	175	155	121
Restructuring Charge	4.33	0.00	0.00
Total Other Income / (Expense), net	24	2.06	65
Interest Expense	9.26	8.65	1.69
Interest & Investment Income	4.59	7.80	2.57
Other Income / (Expense), net	29	2.91	64
Income Tax Expense	-1.92	-4.53	-1.04
Net Income / (Loss) Attributable to Noncontrolling Interest	-12	-11	-9.39
Basic Earnings per Share	($0.76)	($0.81)	($0.37)
Weighted Average Basic Shares Outstanding	175.03M	145.19M	118.66M
Diluted Earnings per Share	($0.76)	($0.81)	($0.37)
Weighted Average Diluted Shares Outstanding	175.03M	145.19M	118.66M
Weighted Average Basic & Diluted Shares Outstanding	208.49M	183.22M	160.16M

This table shows indie Semiconductor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-33	-50	-19	-31	-15	-17	-13	-73	-12	-38
Consolidated Net Income / (Loss)	-34	-55	-21	-34	-15	-19	-14	-82	-16	-45
Net Income / (Loss) Continuing Operations	-34	-55	-21	-34	-15	-19	-14	-82	-16	-45
Total Pre-Tax Income	-35	-55	-21	-35	-16	-18	-13	-86	-16	-45
Total Operating Income	-34	-50	-37	-50	-22	-36	-41	-37	-29	-26
Total Gross Profit	25	21	22	22	28	25	20	16	17	15
Total Revenue	58	54	52	52	70	60	52	40	33	30
Operating Revenue	58	54	52	52	70	60	52	40	33	30
Total Cost of Revenue	33	33	30	30	42	35	32	24	16	15
Operating Cost of Revenue	33	33	30	30	42	35	32	24	16	15
Total Operating Expenses	59	71	59	72	49	61	61	53	46	41
Selling, General & Admin Expense	20	21	17	22	15	20	19	17	13	11
Research & Development Expense	38	46	41	50	34	42	42	37	33	30
Total Other Income / (Expense), net	-1.06	-5.01	16	14	5.13	18	28	-49	13	-19
Interest Expense	2.84	2.18	2.13	2.11	2.12	2.24	2.14	2.15	1.20	0.17
Interest & Investment Income	1.21	0.99	1.08	1.31	1.65	1.86	1.87	2.42	1.75	0.61
Other Income / (Expense), net	0.57	-3.82	17	15	5.59	19	28	-49	12	-19
Income Tax Expense	-0.58	-0.32	0.09	-1.11	-1.82	0.65	0.34	-3.71	-0.37	0.86
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.79	-4.91	-1.84	-3.04	0.03	-1.58	-0.44	-9.22	-3.37	-7.83
Basic Earnings per Share	($0.18)	($0.28)	($0.11)	($0.19)	($0.05)	($0.12)	($0.09)	($0.55)	($0.12)	($0.31)
Weighted Average Basic Shares Outstanding	175.03M	179.49M	170.16M	164.60M	145.19M	146.96M	141.97M	131.49M	118.66M	120.51M
Diluted Earnings per Share	($0.18)	($0.28)	($0.11)	($0.19)	($0.05)	($0.12)	($0.09)	($0.55)	($0.09)	($0.31)
Weighted Average Diluted Shares Outstanding	175.03M	179.49M	170.16M	164.60M	145.19M	146.96M	141.97M	131.49M	118.66M	120.51M
Weighted Average Basic & Diluted Shares Outstanding	208.49M	201.92M	197.42M	186.76M	183.22M	180.30M	164.79M	161.40M	160.16M	148.48M

This table details how cash moves in and out of indie Semiconductor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	133	-170	102
Net Cash From Operating Activities	-59	-104	-77
Net Cash From Continuing Operating Activities	-59	-104	-77
Net Income / (Loss) Continuing Operations	-144	-129	-53
Consolidated Net Income / (Loss)	-144	-129	-53
Depreciation Expense	40	32	15
Amortization Expense	5.36	14	2.37
Non-Cash Adjustments To Reconcile Net Income	74	38	-12
Changes in Operating Assets and Liabilities, net	-33	-59	-30
Net Cash From Investing Activities	-19	-108	-16
Net Cash From Continuing Investing Activities	-19	-108	-16
Purchase of Property, Plant & Equipment	-14	-13	-7.57
Acquisitions	-4.92	-95	-8.71
Net Cash From Financing Activities	209	44	193
Net Cash From Continuing Financing Activities	209	44	193
Repayment of Debt	-8.63	-13	-7.53
Repurchase of Common Equity	0.00	0.00	-7.44
Issuance of Debt	230	1.15	162
Issuance of Common Equity	19	52	59
Other Financing Activities, net	-32	3.25	-13
Effect of Exchange Rate Changes	1.40	-1.64	2.77
Cash Interest Paid	7.44	7.42	0.38

This table details how cash moves in and out of indie Semiconductor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	177	-15	-26	-3.50	-8.97	-20	-27	-114	171	-13
Net Cash From Operating Activities	-6.72	-23	-20	-9.35	-16	-15	-40	-33	-18	-22
Net Cash From Continuing Operating Activities	-6.72	-23	-20	-9.35	-16	-15	-40	-33	-18	-22
Net Income / (Loss) Continuing Operations	-34	-55	-21	-34	-15	-19	-14	-82	-16	-45
Consolidated Net Income / (Loss)	-34	-55	-21	-34	-15	-19	-14	-82	-16	-45
Depreciation Expense	8.91	12	9.61	9.55	5.37	10	10	6.04	3.64	0.80
Amortization Expense	1.70	1.49	1.10	1.07	5.58	0.96	3.70	3.32	0.68	0.42
Non-Cash Adjustments To Reconcile Net Income	13	21	13	26	-5.57	-2.45	-12	59	5.17	29
Changes in Operating Assets and Liabilities, net	3.67	-2.48	-22	-12	-7.16	-4.98	-28	-19	-12	-6.94
Net Cash From Investing Activities	-2.53	-7.55	-3.66	-5.52	-4.17	1.42	-3.37	-102	-3.06	-2.66
Net Cash From Continuing Investing Activities	-2.53	-7.55	-3.66	-5.52	-4.17	1.42	-3.37	-102	-3.06	-2.66
Purchase of Property, Plant & Equipment	-1.83	-6.53	-3.66	-2.32	-4.17	-2.02	-3.37	-3.20	-3.06	-2.66
Acquisitions	-0.70	-1.02	-	-3.20	-0.00	3.44	-	-98	-	-
Net Cash From Financing Activities	186	17	-0.32	6.88	9.37	-1.53	15	21	190	10
Net Cash From Continuing Financing Activities	186	17	-0.32	6.88	9.37	-1.53	15	21	190	10
Repayment of Debt	-6.53	-0.34	-0.22	-1.54	-0.32	-0.35	-0.34	-12	-6.13	-0.35
Issuance of Debt	213	6.79	-0.34	11	-0.57	1.72	-0.75	0.75	160	-
Issuance of Common Equity	6.19	11	2.32	0.00	-	-	18	34	47	12
Other Financing Activities, net	-27	0.03	-2.09	-2.32	10	-2.90	-2.05	-2.05	-8.43	-1.27
Effect of Exchange Rate Changes	0.73	-2.00	-1.82	4.48	2.24	-5.07	2.22	-1.03	1.97	0.86
Cash Interest Paid	3.65	0.06	3.66	0.07	3.61	0.15	3.57	0.09	0.16	0.09

This table presents indie Semiconductor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	941	819	603
Total Current Assets	409	272	374
Cash & Equivalents	274	152	322
Restricted Cash	10	0.00	0.25
Accounts Receivable	52	64	26
Inventories, net	50	33	13
Prepaid Expenses	22	23	12
Plant, Property, & Equipment, net	34	27	16
Total Noncurrent Assets	498	520	214
Goodwill	266	295	136
Intangible Assets	209	208	63
Other Noncurrent Operating Assets	23	17	14
Total Liabilities & Shareholders' Equity	941	819	603
Total Liabilities	496	342	289
Total Current Liabilities	85	139	64
Short-Term Debt	16	88	18
Accounts Payable	28	18	14
Accrued Expenses	29	21	11
Current Employee Benefit Liabilities	5.57	6.62	12
Other Current Liabilities	5.88	4.43	9.38
Total Noncurrent Liabilities	411	203	225
Long-Term Debt	369	157	156
Noncurrent Deferred & Payable Income Tax Liabilities	12	14	7.82
Other Noncurrent Operating Liabilities	30	33	62
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	445	477	314
Total Preferred & Common Equity	418	446	313
Preferred Stock	0.00	0.00	0.00
Total Common Equity	418	446	313
Common Stock	937	814	569
Retained Earnings	-494	-361	-244
Accumulated Other Comprehensive Income / (Loss)	-25	-6.17	-12
Noncontrolling Interest	28	31	1.52

This table presents indie Semiconductor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	797	797	804	820	781	794	421
Total Current Assets	241	248	264	270	280	290	194
Cash & Equivalents	97	112	138	161	181	207	150
Restricted Cash	10	10	10	0.00	0.00	0.00	0.38
Accounts Receivable	56	58	52	43	35	25	22
Inventories, net	52	42	38	40	41	39	12
Prepaid Expenses	25	24	25	26	23	19	9.51
Plant, Property, & Equipment, net	35	34	29	26	22	21	13
Total Noncurrent Assets	522	516	510	524	479	482	215
Goodwill	275	289	290	310	282	279	142
Intangible Assets	223	205	199	196	181	189	61
Other Noncurrent Operating Assets	24	22	21	18	16	14	12
Total Liabilities & Shareholders' Equity	797	797	804	820	781	794	421
Total Liabilities	309	295	342	407	396	435	145
Total Current Liabilities	101	93	152	149	104	115	55
Short-Term Debt	41	26	88	4.91	3.66	4.66	13
Accounts Payable	26	27	19	20	17	17	8.47
Accrued Expenses	21	28	29	105	63	71	16
Current Employee Benefit Liabilities	7.66	9.20	13	13	11	13	8.57
Other Current Liabilities	5.88	4.09	2.09	6.52	9.42	9.40	7.97
Total Noncurrent Liabilities	208	202	191	258	292	320	90
Long-Term Debt	158	157	157	156	156	156	4.17
Noncurrent Deferred & Payable Income Tax Liabilities	17	13	13	16	11	11	12
Other Noncurrent Operating Liabilities	33	31	20	86	125	154	74
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	489	503	461	413	385	358	276
Total Preferred & Common Equity	459	471	433	414	386	362	295
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	459	471	433	414	386	362	295
Common Stock	929	896	836	781	725	692	545
Retained Earnings	-461	-412	-393	-347	-330	-317	-231
Accumulated Other Comprehensive Income / (Loss)	-8.55	-14	-11	-20	-9.51	-13	-18
Noncontrolling Interest	30	32	29	-0.67	-1.08	-3.96	-19

This table displays calculated financial ratios and metrics derived from indie Semiconductor's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-2.91%	101.42%	128.86%
EBITDA Growth	-10.56%	-132.17%	66.47%
EBIT Growth	-6.73%	-142.27%	53.66%
NOPAT Growth	-25.59%	-13.68%	-59.28%
Net Income Growth	-11.92%	-144.06%	55.49%
EPS Growth	6.17%	-118.92%	70.63%
Operating Cash Flow Growth	43.86%	-36.01%	-37.49%
Free Cash Flow Firm Growth	81.00%	-194.20%	-31.06%
Invested Capital Growth	-4.27%	242.70%	107.20%
Revenue Q/Q Growth	-5.30%	19.94%	14.54%
EBITDA Q/Q Growth	-22.50%	7.76%	32.64%
EBIT Q/Q Growth	-13.97%	0.52%	24.17%
NOPAT Q/Q Growth	-7.81%	5.17%	-1.74%
Net Income Q/Q Growth	-15.87%	0.87%	25.47%
EPS Q/Q Growth	-20.63%	4.71%	11.90%
Operating Cash Flow Q/Q Growth	14.18%	1.44%	1.25%
Free Cash Flow Firm Q/Q Growth	65.76%	-34.48%	0.00%
Invested Capital Q/Q Growth	-5.87%	37.84%	16.47%
Profitability Metrics	-	-	-
Gross Margin	41.68%	40.13%	45.40%
EBITDA Margin	-44.45%	-39.03%	-33.86%
Operating Margin	-78.49%	-60.68%	-107.52%
EBIT Margin	-65.27%	-59.38%	-49.37%
Profit (Net Income) Margin	-66.54%	-57.73%	-47.64%
Tax Burden Percent	98.68%	96.60%	98.08%
Interest Burden Percent	103.30%	100.64%	98.40%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-21.34%	-25.74%	-67.62%
ROIC Less NNEP Spread (ROIC-NNEP)	-47.32%	98.22%	-84.64%
Return on Net Nonoperating Assets (RNNOA)	-9.92%	-6.82%	50.20%
Return on Equity (ROE)	-31.26%	-32.56%	-17.42%
Cash Return on Invested Capital (CROIC)	-16.98%	-135.39%	-137.41%
Operating Return on Assets (OROA)	-16.07%	-18.64%	-10.20%
Return on Assets (ROA)	-16.38%	-18.12%	-9.84%
Return on Common Equity (ROCE)	-29.28%	-31.23%	-17.98%
Return on Equity Simple (ROE_SIMPLE)	-34.50%	-28.88%	-16.88%
Net Operating Profit after Tax (NOPAT)	-119	-95	-83
NOPAT Margin	-54.95%	-42.48%	-75.26%
Net Nonoperating Expense Percent (NNEP)	25.99%	-123.96%	17.02%
Return On Investment Capital (ROIC_SIMPLE)	-14.34%	-13.13%	-17.08%
Cost of Revenue to Revenue	58.32%	59.87%	54.60%
SG&A Expenses to Revenue	37.36%	31.58%	43.54%
R&D to Revenue	80.82%	69.23%	109.39%
Operating Expenses to Revenue	120.17%	100.81%	152.92%
Earnings before Interest and Taxes (EBIT)	-141	-133	-55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-96	-87	-38
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.96	3.28	2.77
Price to Tangible Book Value (P/TBV)	0.00	0.00	7.64
Price to Revenue (P/Rev)	3.77	6.55	7.81
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.73	2.78	4.32
Enterprise Value to Revenue (EV/Rev)	4.36	7.11	6.49
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.86	0.51	0.55
Long-Term Debt to Equity	0.83	0.33	0.50
Financial Leverage	0.21	-0.07	-0.59
Leverage Ratio	1.91	1.80	1.77
Compound Leverage Factor	1.97	1.81	1.74
Debt to Total Capital	46.36%	33.91%	35.62%
Short-Term Debt to Total Capital	1.90%	12.19%	3.73%
Long-Term Debt to Total Capital	44.45%	21.72%	31.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.31%	4.28%	0.31%
Common Equity to Total Capital	50.33%	61.81%	64.07%
Debt to EBITDA	-4.00	-2.81	-4.63
Net Debt to EBITDA	-1.04	-1.07	3.94
Long-Term Debt to EBITDA	-3.83	-1.80	-4.15
Debt to NOPAT	-3.23	-2.58	-2.09
Net Debt to NOPAT	-0.84	-0.98	1.77
Long-Term Debt to NOPAT	-3.10	-1.65	-1.87
Altman Z-Score	0.40	1.88	1.73
Noncontrolling Interest Sharing Ratio	6.33%	4.09%	-3.24%
Liquidity Ratios	-	-	-
Current Ratio	4.82	1.96	5.85
Quick Ratio	3.84	1.55	5.44
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-95	-499	-169
Operating Cash Flow to CapEx	-408.74%	-818.58%	-1,014.09%
Free Cash Flow to Firm to Interest Expense	-10.23	-57.63	-100.15
Operating Cash Flow to Interest Expense	-6.33	-12.07	-45.36
Operating Cash Flow Less CapEx to Interest Expense	-7.88	-13.54	-49.83
Efficiency Ratios	-	-	-
Asset Turnover	0.25	0.31	0.21
Accounts Receivable Turnover	3.75	4.96	5.50
Inventory Turnover	3.04	5.76	5.42
Fixed Asset Turnover	7.08	10.43	8.23
Accounts Payable Turnover	5.41	8.20	6.16
Days Sales Outstanding (DSO)	97.37	73.63	66.35
Days Inventory Outstanding (DIO)	119.90	63.38	67.39
Days Payable Outstanding (DPO)	67.49	44.52	59.21
Cash Conversion Cycle (CCC)	149.79	92.49	74.53
Capital & Investment Metrics	-	-	-
Invested Capital	546	570	166
Invested Capital Turnover	0.39	0.61	0.90
Increase / (Decrease) in Invested Capital	-24	404	86
Enterprise Value (EV)	946	1,586	719
Market Capitalization	818	1,462	866
Book Value per Share	$2.07	$2.47	$2.11
Tangible Book Value per Share	($0.28)	($0.32)	$0.76
Total Capital	830	722	488
Total Debt	385	245	174
Total Long-Term Debt	369	157	156
Net Debt	100	93	-148
Capital Expenditures (CapEx)	14	13	7.57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	55	69	6.22
Debt-free Net Working Capital (DFNWC)	340	221	328
Net Working Capital (NWC)	324	133	310
Net Nonoperating Expense (NNE)	25	34	-31
Net Nonoperating Obligations (NNO)	100	93	-148
Total Depreciation and Amortization (D&A)	45	45	17
Debt-free, Cash-free Net Working Capital to Revenue	25.44%	31.04%	5.62%
Debt-free Net Working Capital to Revenue	156.76%	99.01%	296.13%
Net Working Capital to Revenue	149.47%	59.57%	279.70%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.76)	($0.81)	($0.37)
Adjusted Weighted Average Basic Shares Outstanding	175.03M	145.19M	118.66M
Adjusted Diluted Earnings per Share	($0.76)	($0.81)	($0.37)
Adjusted Weighted Average Diluted Shares Outstanding	175.03M	145.19M	118.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	208.49M	183.22M	160.16M
Normalized Net Operating Profit after Tax (NOPAT)	-116	-95	-83
Normalized NOPAT Margin	-53.55%	-42.48%	-75.26%
Pre Tax Income Margin	-67.43%	-59.76%	-48.58%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-15.28	-15.32	-32.33
NOPAT to Interest Expense	-12.86	-10.96	-49.28
EBIT Less CapEx to Interest Expense	-16.83	-16.79	-36.80
NOPAT Less CapEx to Interest Expense	-14.41	-12.43	-53.76
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-14.10%

This table displays calculated financial ratios and metrics derived from indie Semiconductor's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-17.29%	-10.77%	0.47%	29.42%	112.35%	101.48%	102.32%	83.88%	74.18%	146.90%
EBITDA Growth	-351.67%	-535.99%	-1,139.66%	68.78%	59.29%	85.45%	350.71%	-503.60%	59.54%	59.09%
EBIT Growth	-108.48%	-204.51%	-53.36%	59.82%	4.14%	60.81%	-112.91%	-757.46%	51.11%	58.39%
NOPAT Growth	-57.14%	-38.06%	10.05%	-34.25%	25.51%	-39.78%	-35.86%	28.23%	-7.56%	-21.64%
Net Income Growth	-134.99%	-192.31%	-54.83%	58.25%	7.18%	58.89%	-155.71%	-698.03%	53.37%	58.00%
EPS Growth	-260.00%	-133.33%	-22.22%	65.45%	44.44%	61.29%	-125.00%	-885.71%	35.71%	62.65%
Operating Cash Flow Growth	59.02%	-53.70%	51.00%	71.57%	8.49%	32.35%	-90.17%	-109.27%	5.16%	-48.40%
Free Cash Flow Firm Growth	100.15%	32.06%	1.55%	-44.04%	-293.87%	26.57%	36.39%	-10.28%	0.00%	-277.33%
Invested Capital Growth	-4.27%	40.19%	54.49%	79.41%	242.70%	189.56%	120.64%	120.09%	107.20%	158.97%
Revenue Q/Q Growth	7.49%	3.08%	0.00%	-25.35%	15.97%	16.06%	28.81%	22.48%	10.03%	16.54%
EBITDA Q/Q Growth	43.94%	-342.94%	61.74%	-375.39%	21.06%	-824.09%	101.15%	-519.89%	71.79%	-12,375.78%
EBIT Q/Q Growth	37.97%	-170.57%	42.50%	-116.06%	9.40%	-36.27%	84.94%	-415.43%	62.96%	-640.26%
NOPAT Q/Q Growth	32.08%	-36.22%	26.21%	-130.16%	40.32%	11.24%	-10.12%	-27.70%	-11.99%	13.73%
Net Income Q/Q Growth	37.05%	-159.98%	38.64%	-133.99%	21.69%	-37.71%	83.45%	-420.15%	65.32%	-756.56%
EPS Q/Q Growth	35.71%	-154.55%	42.11%	-280.00%	58.33%	-33.33%	83.64%	-511.11%	70.97%	-675.00%
Operating Cash Flow Q/Q Growth	70.51%	-15.62%	-110.97%	43.02%	-10.59%	63.14%	-22.41%	-83.40%	18.25%	-3.61%
Free Cash Flow Firm Q/Q Growth	100.30%	10.30%	20.49%	32.67%	-41.48%	-29.99%	-16.33%	-84.11%	73.62%	-12.60%
Invested Capital Q/Q Growth	-5.87%	2.98%	0.79%	-2.02%	37.84%	13.49%	17.04%	87.17%	16.47%	-13.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.57%	39.35%	42.24%	42.53%	39.78%	41.82%	38.35%	40.53%	51.10%	50.13%
EBITDA Margin	-39.16%	-75.10%	-17.47%	-45.67%	-7.17%	-10.54%	1.69%	-189.33%	-37.41%	-145.89%
Operating Margin	-58.43%	-92.47%	-69.97%	-94.83%	-30.76%	-59.77%	-78.16%	-91.42%	-87.69%	-86.15%
EBIT Margin	-57.45%	-99.55%	-37.93%	-65.97%	-22.79%	-29.17%	-24.85%	-212.46%	-50.49%	-149.97%
Profit (Net Income) Margin	-59.25%	-101.17%	-40.11%	-65.37%	-20.85%	-30.88%	-26.03%	-202.63%	-47.71%	-151.36%
Tax Burden Percent	98.33%	99.43%	100.41%	96.86%	88.93%	103.61%	102.59%	95.67%	97.71%	101.94%
Interest Burden Percent	104.89%	102.21%	105.33%	102.31%	102.89%	102.18%	102.12%	99.68%	96.73%	99.01%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-15.89%	-29.82%	-24.86%	-35.87%	-13.05%	-27.98%	-32.15%	-36.53%	-55.15%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-26.89%	-72.70%	-1.38%	-33.77%	-14.77%	-37.96%	-50.06%	13.86%	-57.66%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-5.64%	-7.39%	-0.06%	-2.07%	1.03%	7.31%	12.00%	-4.57%	34.20%	0.00%
Return on Equity (ROE)	-21.52%	-37.21%	-24.92%	-37.95%	-12.02%	-20.67%	-20.15%	-41.10%	-20.95%	-39.82%
Cash Return on Invested Capital (CROIC)	-16.98%	-55.70%	-64.56%	-80.67%	-135.39%	-133.25%	-110.28%	-112.69%	-137.41%	0.00%
Operating Return on Assets (OROA)	-14.14%	-28.17%	-11.31%	-19.42%	-7.15%	-8.75%	-6.30%	-42.88%	-10.43%	-37.19%
Return on Assets (ROA)	-14.59%	-28.63%	-11.96%	-19.24%	-6.54%	-9.26%	-6.60%	-40.90%	-9.86%	-37.54%
Return on Common Equity (ROCE)	-20.16%	-35.99%	-24.05%	-36.81%	-11.53%	-21.26%	-20.60%	-42.35%	-21.63%	-43.90%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-27.14%	-18.81%	-18.73%	0.00%	-31.43%	-40.57%	-41.00%	0.00%	-23.98%
Net Operating Profit after Tax (NOPAT)	-24	-35	-26	-35	-15	-25	-29	-26	-20	-18
NOPAT Margin	-40.90%	-64.73%	-48.98%	-66.38%	-21.53%	-41.84%	-54.71%	-63.99%	-61.38%	-60.31%
Net Nonoperating Expense Percent (NNEP)	11.00%	42.88%	-23.48%	-2.10%	1.73%	9.98%	17.91%	-50.39%	2.51%	-12.01%
Return On Investment Capital (ROIC_SIMPLE)	-2.86%	-	-	-	-2.09%	-	-	-	-4.15%	-
Cost of Revenue to Revenue	57.43%	60.65%	57.76%	57.47%	60.22%	58.18%	61.65%	59.47%	48.90%	49.87%
SG&A Expenses to Revenue	35.04%	38.63%	33.32%	42.64%	21.65%	32.81%	35.77%	41.57%	38.86%	35.57%
R&D to Revenue	65.94%	85.18%	78.89%	94.72%	48.88%	68.78%	80.73%	90.39%	99.92%	100.71%
Operating Expenses to Revenue	101.01%	131.82%	112.21%	137.36%	70.53%	101.59%	116.50%	131.95%	138.78%	136.28%
Earnings before Interest and Taxes (EBIT)	-33	-54	-20	-35	-16	-18	-13	-86	-17	-45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-23	-41	-9.15	-24	-5.03	-6.37	0.88	-77	-12	-44
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.96	1.72	2.45	3.00	3.28	2.51	3.93	4.67	2.77	3.62
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.64	11.56
Price to Revenue (P/Rev)	3.77	3.44	4.90	5.52	6.55	5.58	9.75	13.07	7.81	11.05
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.73	1.57	2.21	2.55	2.78	2.51	4.10	5.26	4.32	6.41
Enterprise Value to Revenue (EV/Rev)	4.36	3.97	5.29	6.05	7.11	5.58	9.61	12.68	6.49	9.47
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.86	0.41	0.36	0.53	0.51	0.39	0.42	0.45	0.55	0.06
Long-Term Debt to Equity	0.83	0.32	0.31	0.34	0.33	0.38	0.41	0.44	0.50	0.02
Financial Leverage	0.21	0.10	0.04	0.06	-0.07	-0.19	-0.24	-0.33	-0.59	-1.28
Leverage Ratio	1.91	1.79	1.78	1.95	1.80	1.80	1.76	1.90	1.77	2.19
Compound Leverage Factor	2.00	1.83	1.87	1.99	1.85	1.84	1.80	1.89	1.71	2.17
Debt to Total Capital	46.36%	28.85%	26.69%	34.71%	33.91%	28.10%	29.33%	30.96%	35.62%	5.88%
Short-Term Debt to Total Capital	1.90%	5.91%	3.75%	12.49%	12.19%	0.86%	0.67%	0.90%	3.73%	4.46%
Long-Term Debt to Total Capital	44.45%	22.93%	22.94%	22.21%	21.72%	27.25%	28.66%	30.06%	31.89%	1.42%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.31%	4.40%	4.66%	4.05%	4.28%	-0.12%	-0.20%	-0.76%	0.31%	-6.46%
Common Equity to Total Capital	50.33%	66.75%	68.65%	61.25%	61.81%	72.01%	70.87%	69.80%	64.07%	100.59%
Debt to EBITDA	-4.00	-2.52	-4.12	-7.12	-2.81	-1.71	-1.21	-1.21	-4.63	-0.31
Net Debt to EBITDA	-1.04	-1.16	-1.36	-2.82	-1.07	-0.01	0.16	0.35	3.94	2.40
Long-Term Debt to EBITDA	-3.83	-2.00	-3.54	-4.56	-1.80	-1.66	-1.18	-1.17	-4.15	-0.07
Debt to NOPAT	-3.23	-1.79	-1.82	-2.37	-2.58	-1.61	-1.72	-1.88	-2.09	-0.21
Net Debt to NOPAT	-0.84	-0.82	-0.60	-0.94	-0.98	-0.01	0.22	0.55	1.77	1.63
Long-Term Debt to NOPAT	-3.10	-1.43	-1.56	-1.51	-1.65	-1.57	-1.68	-1.83	-1.87	-0.05
Altman Z-Score	0.78	1.00	2.07	1.91	2.35	1.27	2.12	1.84	1.94	3.92
Noncontrolling Interest Sharing Ratio	6.33%	3.28%	3.47%	3.01%	4.09%	-2.85%	-2.20%	-3.04%	-3.24%	-10.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.82	2.39	2.66	1.74	1.96	1.81	2.68	2.52	5.85	3.51
Quick Ratio	3.84	1.52	1.83	1.26	1.55	1.37	2.07	2.02	5.44	3.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.61	-201	-224	-282	-419	-296	-228	-196	-106	-403
Operating Cash Flow to CapEx	-366.83%	-349.49%	-538.61%	-403.50%	-393.29%	-735.96%	-1,196.29%	-1,027.98%	-585.98%	-823.93%
Free Cash Flow to Firm to Interest Expense	0.22	-92.26	-105.07	-133.90	-197.94	-132.05	-106.23	-91.14	-88.54	-2,428.63
Operating Cash Flow to Interest Expense	-2.37	-10.46	-9.24	-4.44	-7.75	-6.62	-18.78	-15.31	-14.93	-132.13
Operating Cash Flow Less CapEx to Interest Expense	-3.02	-13.45	-10.96	-5.54	-9.73	-7.52	-20.35	-16.80	-17.48	-148.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.28	0.30	0.29	0.31	0.30	0.25	0.20	0.21	0.25
Accounts Receivable Turnover	3.75	4.59	5.06	6.10	4.96	5.65	6.13	6.35	5.50	6.19
Inventory Turnover	3.04	2.95	3.31	3.63	5.76	4.21	3.27	2.82	5.42	6.53
Fixed Asset Turnover	7.08	7.55	8.42	9.31	10.43	9.69	9.08	7.79	8.23	12.25
Accounts Payable Turnover	5.41	5.93	6.33	7.78	8.20	7.66	7.10	5.94	6.16	8.09
Days Sales Outstanding (DSO)	97.37	79.47	72.11	59.81	73.63	64.64	59.51	57.45	66.35	59.01
Days Inventory Outstanding (DIO)	119.90	123.64	110.41	100.47	63.38	86.71	111.70	129.21	67.39	55.87
Days Payable Outstanding (DPO)	67.49	61.56	57.66	46.89	44.52	47.68	51.43	61.46	59.21	45.14
Cash Conversion Cycle (CCC)	149.79	141.56	124.85	113.39	92.49	103.66	119.78	125.20	74.53	69.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	546	580	563	559	570	414	364	311	166	143
Invested Capital Turnover	0.39	0.46	0.51	0.54	0.61	0.67	0.59	0.57	0.90	-1.95
Increase / (Decrease) in Invested Capital	-24	166	199	247	404	271	199	170	86	385
Enterprise Value (EV)	946	909	1,245	1,423	1,586	1,038	1,495	1,639	719	916
Market Capitalization	818	788	1,152	1,297	1,462	1,038	1,517	1,690	866	1,068
Book Value per Share	$2.07	$2.32	$2.52	$2.63	$2.47	$2.51	$2.39	$2.26	$2.11	$2.02
Tangible Book Value per Share	($0.28)	($0.20)	($0.13)	($0.34)	($0.32)	($0.56)	($0.48)	($0.66)	$0.76	$0.63
Total Capital	830	687	686	707	722	574	545	519	488	294
Total Debt	385	198	183	245	245	161	160	161	174	17
Total Long-Term Debt	369	158	157	157	157	156	156	156	156	4.17
Net Debt	100	91	60	97	93	0.73	-21	-47	-148	-134
Capital Expenditures (CapEx)	1.83	6.53	3.66	2.32	4.17	2.02	3.37	3.20	3.06	2.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	55	73	58	52	69	-35	-1.61	-27	6.22	1.28
Debt-free Net Working Capital (DFNWC)	340	181	180	200	221	126	179	180	328	152
Net Working Capital (NWC)	324	140	154	112	133	121	175	175	310	139
Net Nonoperating Expense (NNE)	11	20	-4.64	-0.53	-0.47	-6.63	-15	56	-4.51	27
Net Nonoperating Obligations (NNO)	100	91	60	97	93	0.73	-21	-47	-148	-134
Total Depreciation and Amortization (D&A)	11	13	11	11	11	11	14	9.36	4.32	1.23
Debt-free, Cash-free Net Working Capital to Revenue	25.44%	32.07%	24.44%	22.21%	31.04%	-18.68%	-1.03%	-21.20%	5.62%	1.33%
Debt-free Net Working Capital to Revenue	156.76%	78.92%	76.56%	85.25%	99.01%	67.66%	115.07%	139.27%	296.13%	157.19%
Net Working Capital to Revenue	149.47%	61.16%	65.62%	47.68%	59.57%	65.02%	112.72%	135.66%	279.70%	143.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.18)	($0.28)	($0.11)	($0.19)	($0.05)	($0.12)	($0.09)	($0.55)	($0.12)	($0.31)
Adjusted Weighted Average Basic Shares Outstanding	175.03M	179.49M	170.16M	164.60M	145.19M	146.96M	141.97M	131.49M	118.66M	120.51M
Adjusted Diluted Earnings per Share	($0.18)	($0.28)	($0.11)	($0.19)	($0.05)	($0.12)	($0.09)	($0.55)	($0.09)	($0.31)
Adjusted Weighted Average Diluted Shares Outstanding	175.03M	179.49M	170.16M	164.60M	145.19M	146.96M	141.97M	131.49M	118.66M	120.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	208.49M	201.92M	197.42M	186.76M	183.22M	180.30M	164.79M	161.40M	160.16M	148.48M
Normalized Net Operating Profit after Tax (NOPAT)	-24	-32	-26	-35	-15	-25	-29	-26	-20	-18
Normalized NOPAT Margin	-40.90%	-59.12%	-48.98%	-66.38%	-21.53%	-41.84%	-54.71%	-63.99%	-61.38%	-60.31%
Pre Tax Income Margin	-60.25%	-101.75%	-39.95%	-67.49%	-23.45%	-29.81%	-25.37%	-211.79%	-48.83%	-148.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-11.74	-24.64	-9.30	-16.40	-7.55	-7.87	-6.04	-40.01	-13.88	-271.17
NOPAT to Interest Expense	-8.36	-16.02	-12.02	-16.50	-7.14	-11.29	-13.30	-12.05	-16.88	-109.04
EBIT Less CapEx to Interest Expense	-12.39	-27.64	-11.02	-17.50	-9.53	-8.77	-7.61	-41.50	-16.43	-287.21
NOPAT Less CapEx to Interest Expense	-9.01	-19.02	-13.73	-17.60	-9.11	-12.18	-14.87	-13.54	-19.43	-125.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-0.40%	0.00%	0.00%	0.00%	-1.92%	0.00%	0.00%	0.00%	-7.06%
Augmented Payout Ratio	0.00%	-0.40%	0.00%	0.00%	0.00%	-1.92%	0.00%	0.00%	-14.10%	-7.06%

Frequently Asked Questions About indie Semiconductor's Financials

When does indie Semiconductor's financial year end?

According to the most recent income statement we have on file, indie Semiconductor's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has indie Semiconductor's net income changed over the last 2 years?

indie Semiconductor's net income appears to be on an upward trend, with a most recent value of -$144.19 million in 2024, rising from -$52.79 million in 2022. The previous period was -$128.83 million in 2023. See where experts think indie Semiconductor is headed by visiting indie Semiconductor's forecast page.

What is indie Semiconductor's operating income?

indie Semiconductor's total operating income in 2024 was -$170.08 million, based on the following breakdown:

Total Gross Profit: $90.31 million
Total Operating Expenses: $260.39 million

How has indie Semiconductor revenue changed over the last 2 years?

Over the last 2 years, indie Semiconductor's total revenue changed from $110.80 million in 2022 to $216.68 million in 2024, a change of 95.6%.

How much debt does indie Semiconductor have?

indie Semiconductor's total liabilities were at $495.99 million at the end of 2024, a 45.1% increase from 2023, and a 71.6% increase since 2022.

How much cash does indie Semiconductor have?

In the past 2 years, indie Semiconductor's cash and equivalents has ranged from $151.68 million in 2023 to $321.63 million in 2022, and is currently $274.25 million as of their latest financial filing in 2024.

How has indie Semiconductor's book value per share changed over the last 2 years?

Over the last 2 years, indie Semiconductor's book value per share changed from 2.11 in 2022 to 2.07 in 2024, a change of -1.8%.

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This page (NASDAQ:INDI) was last updated on 5/30/2025 by MarketBeat.com Staff

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indie Semiconductor (INDI) Financials

Frequently Asked Questions About indie Semiconductor's Financials

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indie Semiconductor (INDI) Financials

Annual Income Statements for indie Semiconductor

Quarterly Income Statements for indie Semiconductor

Annual Cash Flow Statements for indie Semiconductor

Quarterly Cash Flow Statements for indie Semiconductor

Annual Balance Sheets for indie Semiconductor

Quarterly Balance Sheets for indie Semiconductor

Annual Metrics And Ratios for indie Semiconductor

Quarterly Metrics And Ratios for indie Semiconductor

Frequently Asked Questions About indie Semiconductor's Financials

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