indie Semiconductor (INDI) Financials

$3.85 -0.01 (-0.26%)

Closing price 07/11/2025 04:00 PM Eastern

Extended Trading

$3.86 +0.01 (+0.26%)

As of 07/11/2025 07:49 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	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-97	-176	-43	-118	-133
Consolidated Net Income / (Loss)	-98	-119	-53	-129	-144
Net Income / (Loss) Continuing Operations	-98	-119	-53	-129	-144
Total Pre-Tax Income	-98	-119	-54	-133	-146
Total Operating Income	-19	-75	-119	-135	-170
Total Gross Profit	9.57	20	50	90	90
Total Revenue	23	48	111	223	217
Operating Revenue	23	48	111	223	217
Total Cost of Revenue	13	29	60	134	126
Operating Cost of Revenue	13	29	60	134	126
Total Operating Expenses	29	95	169	225	260
Selling, General & Admin Expense	6.80	36	48	70	81
Research & Development Expense	22	58	121	155	175
Restructuring Charge	-	-	0.00	0.00	4.33
Total Other Income / (Expense), net	-79	-44	65	2.06	24
Interest Expense	2.19	0.94	1.69	8.65	9.26
Interest & Investment Income	0.03	0.05	2.57	7.80	4.59
Other Income / (Expense), net	-77	-43	64	2.91	29
Income Tax Expense	0.03	-0.33	-1.04	-4.53	-1.92
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.87	-31	-9.39	-11	-12
Basic Earnings per Share	($3.12)	($1.26)	($0.37)	($0.81)	($0.76)
Weighted Average Basic Shares Outstanding	31.24M	70.01M	118.66M	145.19M	175.03M
Diluted Earnings per Share	($3.12)	($1.26)	($0.37)	($0.81)	($0.76)
Weighted Average Diluted Shares Outstanding	31.24M	70.01M	118.66M	145.19M	175.03M
Weighted Average Basic & Diluted Shares Outstanding	-	-	160.16M	183.22M	208.49M

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-38	-12	-73	-13	-17	-15	-31	-19	-50	-33	-35
Consolidated Net Income / (Loss)	-45	-16	-82	-14	-19	-15	-34	-21	-55	-34	-37
Net Income / (Loss) Continuing Operations	-45	-16	-82	-14	-19	-15	-34	-21	-55	-34	-37
Total Pre-Tax Income	-45	-16	-86	-13	-18	-16	-35	-21	-55	-35	-37
Total Operating Income	-26	-29	-37	-41	-36	-22	-50	-37	-50	-34	-39
Total Gross Profit	15	17	16	20	25	28	22	22	21	25	23
Total Revenue	30	33	40	52	60	70	52	52	54	58	54
Operating Revenue	30	33	40	52	60	70	52	52	54	58	54
Total Cost of Revenue	15	16	24	32	35	42	30	30	33	33	32
Operating Cost of Revenue	15	16	24	32	35	42	30	30	33	33	32
Total Operating Expenses	41	46	53	61	61	49	72	59	71	59	61
Selling, General & Admin Expense	11	13	17	19	20	15	22	17	21	20	19
Research & Development Expense	30	33	37	42	42	34	50	41	46	38	42
Total Other Income / (Expense), net	-19	13	-49	28	18	5.13	14	16	-5.01	-1.06	1.82
Interest Expense	0.17	1.20	2.15	2.14	2.24	2.12	2.11	2.13	2.18	2.84	4.52
Interest & Investment Income	0.61	1.75	2.42	1.87	1.86	1.65	1.31	1.08	0.99	1.21	2.27
Other Income / (Expense), net	-19	12	-49	28	19	5.59	15	17	-3.82	0.57	4.07
Income Tax Expense	0.86	-0.37	-3.71	0.34	0.65	-1.82	-1.11	0.09	-0.32	-0.58	0.06
Net Income / (Loss) Attributable to Noncontrolling Interest	-7.83	-3.37	-9.22	-0.44	-1.58	0.03	-3.04	-1.84	-4.91	-1.79	-2.63
Basic Earnings per Share	($0.31)	($0.12)	($0.55)	($0.09)	($0.12)	($0.05)	($0.19)	($0.11)	($0.28)	($0.18)	($0.18)
Weighted Average Basic Shares Outstanding	120.51M	118.66M	131.49M	141.97M	146.96M	145.19M	164.60M	170.16M	179.49M	175.03M	191.46M
Diluted Earnings per Share	($0.31)	($0.09)	($0.55)	($0.09)	($0.12)	($0.05)	($0.19)	($0.11)	($0.28)	($0.18)	($0.18)
Weighted Average Diluted Shares Outstanding	120.51M	118.66M	131.49M	141.97M	146.96M	145.19M	164.60M	170.16M	179.49M	175.03M	191.46M
Weighted Average Basic & Diluted Shares Outstanding	148.48M	160.16M	161.40M	164.79M	180.30M	183.22M	186.76M	197.42M	201.92M	208.49M	212.51M

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	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	12	201	102	-170	133
Net Cash From Operating Activities	-21	-56	-77	-104	-59
Net Cash From Continuing Operating Activities	-21	-56	-77	-104	-59
Net Income / (Loss) Continuing Operations	-98	-119	-53	-129	-144
Consolidated Net Income / (Loss)	-98	-119	-53	-129	-144
Depreciation Expense	2.65	5.97	15	32	40
Amortization Expense	0.25	0.20	2.37	14	5.36
Non-Cash Adjustments To Reconcile Net Income	79	66	-12	38	74
Changes in Operating Assets and Liabilities, net	-4.38	-9.26	-30	-59	-33
Net Cash From Investing Activities	-0.77	-84	-16	-108	-19
Net Cash From Continuing Investing Activities	-0.77	-84	-16	-108	-19
Purchase of Property, Plant & Equipment	-0.64	-2.68	-7.57	-13	-14
Acquisitions	-0.13	-82	-8.71	-95	-4.92
Net Cash From Financing Activities	33	341	193	44	209
Net Cash From Continuing Financing Activities	33	341	193	44	209
Repayment of Debt	-4.18	-18	-7.53	-13	-8.63
Repurchase of Common Equity	0.00	0.00	-7.44	0.00	0.00
Issuance of Debt	32	5.78	162	1.15	230
Issuance of Common Equity	6.18	0.00	59	52	19
Other Financing Activities, net	-0.40	353	-13	3.25	-32
Effect of Exchange Rate Changes	0.06	0.27	2.77	-1.64	1.40
Cash Interest Paid	1.48	1.23	0.38	7.42	7.44

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-13	171	-114	-27	-20	-8.97	-3.50	-26	-15	177	-38
Net Cash From Operating Activities	-22	-18	-33	-40	-15	-16	-9.35	-20	-23	-6.72	-29
Net Cash From Continuing Operating Activities	-22	-18	-33	-40	-15	-16	-9.35	-20	-23	-6.72	-29
Net Income / (Loss) Continuing Operations	-45	-16	-82	-14	-19	-15	-34	-21	-55	-34	-37
Consolidated Net Income / (Loss)	-45	-16	-82	-14	-19	-15	-34	-21	-55	-34	-37
Depreciation Expense	0.80	3.64	6.04	10	10	5.37	9.55	9.61	12	8.91	9.74
Amortization Expense	0.42	0.68	3.32	3.70	0.96	5.58	1.07	1.10	1.49	1.70	1.44
Non-Cash Adjustments To Reconcile Net Income	29	5.17	59	-12	-2.45	-5.57	26	13	21	13	18
Changes in Operating Assets and Liabilities, net	-6.94	-12	-19	-28	-4.98	-7.16	-12	-22	-2.48	3.67	-21
Net Cash From Investing Activities	-2.66	-3.06	-102	-3.37	1.42	-4.17	-5.52	-3.66	-7.55	-2.53	-2.38
Net Cash From Continuing Investing Activities	-2.66	-3.06	-102	-3.37	1.42	-4.17	-5.52	-3.66	-7.55	-2.53	-2.38
Purchase of Property, Plant & Equipment	-2.66	-3.06	-3.20	-3.37	-2.02	-4.17	-2.32	-3.66	-6.53	-1.83	-2.38
Acquisitions	-	-	-98	-	3.44	-0.00	-3.20	-	-1.02	-0.70	0.00
Net Cash From Financing Activities	10	190	21	15	-1.53	9.37	6.88	-0.32	17	186	-4.74
Net Cash From Continuing Financing Activities	10	190	21	15	-1.53	9.37	6.88	-0.32	17	186	-4.74
Repayment of Debt	-0.35	-6.13	-12	-0.34	-0.35	-0.32	-1.54	-0.22	-0.34	-6.53	-2.96
Issuance of Debt	-	160	0.75	-0.75	1.72	-0.57	11	-0.34	6.79	213	0.00
Other Financing Activities, net	-1.27	-8.43	-2.05	-2.05	-2.90	10	-2.32	-2.09	0.03	-27	-1.78
Effect of Exchange Rate Changes	0.86	1.97	-1.03	2.22	-5.07	2.24	4.48	-1.82	-2.00	0.73	-1.52
Cash Interest Paid	0.09	0.16	0.09	3.57	0.15	3.61	0.07	3.66	0.06	3.65	0.19

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	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	35	469	603	819	941
Total Current Assets	30	248	374	272	409
Cash & Equivalents	19	219	322	152	274
Restricted Cash	-	0.38	0.25	0.00	10
Accounts Receivable	5.91	14	26	64	52
Inventories, net	2.90	9.08	13	33	50
Prepaid Expenses	2.47	5.65	12	23	22
Plant, Property, & Equipment, net	2.17	11	16	27	34
Total Noncurrent Assets	2.98	210	214	520	498
Goodwill	1.74	114	136	295	266
Intangible Assets	1.09	96	63	208	209
Other Noncurrent Operating Assets	0.15	0.27	14	17	23
Total Liabilities & Shareholders' Equity	35	469	603	819	941
Total Liabilities	137	177	289	342	496
Total Current Liabilities	122	34	64	139	85
Short-Term Debt	8.49	2.28	18	88	16
Accounts Payable	4.55	5.44	14	18	28
Accrued Expenses	2.52	16	11	21	29
Current Employee Benefit Liabilities	-	4.02	12	6.62	5.57
Other Current Liabilities	2.27	5.52	9.38	4.43	5.88
Total Noncurrent Liabilities	14	144	225	203	411
Long-Term Debt	12	5.62	156	157	369
Noncurrent Deferred & Payable Income Tax Liabilities	-	20	7.82	14	12
Other Noncurrent Operating Liabilities	2.07	119	62	33	30
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-101	292	314	477	445
Total Preferred & Common Equity	-110	313	313	446	418
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-110	313	313	446	418
Common Stock	43	515	569	814	937
Retained Earnings	-153	-200	-244	-361	-494
Accumulated Other Comprehensive Income / (Loss)	-0.21	-1.44	-12	-6.17	-25
Noncontrolling Interest	8.82	-21	1.52	31	28

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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	446	421	794	781	820	804	797	797	909
Total Current Assets	199	194	290	280	270	264	248	241	382
Cash & Equivalents	164	150	207	181	161	138	112	97	237
Restricted Cash	0.38	0.38	0.00	0.00	0.00	10	10	10	10
Accounts Receivable	16	22	25	35	43	52	58	56	63
Inventories, net	13	12	39	41	40	38	42	52	48
Prepaid Expenses	6.91	9.51	19	23	26	25	24	25	24
Plant, Property, & Equipment, net	12	13	21	22	26	29	34	35	35
Total Noncurrent Assets	235	215	482	479	524	510	516	522	492
Goodwill	126	142	279	282	310	290	289	275	268
Intangible Assets	97	61	189	181	196	199	205	223	203
Other Noncurrent Operating Assets	12	12	14	16	18	21	22	24	22
Total Liabilities & Shareholders' Equity	446	421	794	781	820	804	797	797	909
Total Liabilities	135	145	435	396	407	342	295	309	477
Total Current Liabilities	51	55	115	104	149	152	93	101	72
Short-Term Debt	13	13	4.66	3.66	4.91	88	26	41	15
Accounts Payable	7.61	8.47	17	17	20	19	27	26	18
Accrued Expenses	14	16	71	63	105	29	28	21	27
Current Employee Benefit Liabilities	7.27	8.57	13	11	13	13	9.20	7.66	6.45
Other Current Liabilities	6.37	7.97	9.40	9.42	6.52	2.09	4.09	5.88	5.50
Total Noncurrent Liabilities	85	90	320	292	258	191	202	208	405
Long-Term Debt	4.80	4.17	156	156	156	157	157	158	367
Noncurrent Deferred & Payable Income Tax Liabilities	23	12	11	11	16	13	13	17	12
Other Noncurrent Operating Liabilities	56	74	154	125	86	20	31	33	26
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	311	276	358	385	413	461	503	489	432
Total Preferred & Common Equity	326	295	362	386	414	433	471	459	406
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	326	295	362	386	414	433	471	459	406
Common Stock	528	545	692	725	781	836	896	929	957
Retained Earnings	-194	-231	-317	-330	-347	-393	-412	-461	-529
Accumulated Other Comprehensive Income / (Loss)	-8.45	-18	-13	-9.51	-20	-11	-14	-8.55	-23
Noncontrolling Interest	-14	-19	-3.96	-1.08	-0.67	29	32	30	26

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

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	114.12%	128.86%	101.42%	-2.91%
EBITDA Growth	0.00%	-19.96%	66.47%	-132.17%	-10.56%
EBIT Growth	0.00%	-22.75%	53.66%	-142.27%	-6.73%
NOPAT Growth	0.00%	-288.71%	-59.28%	-13.68%	-25.59%
Net Income Growth	0.00%	-20.58%	55.49%	-144.06%	-11.92%
EPS Growth	0.00%	59.62%	70.63%	-118.92%	6.17%
Operating Cash Flow Growth	0.00%	-163.07%	-37.49%	-36.01%	43.86%
Free Cash Flow Firm Growth	0.00%	0.00%	-31.06%	-194.20%	81.00%
Invested Capital Growth	0.00%	2,301.62%	107.20%	242.70%	-4.27%
Revenue Q/Q Growth	0.00%	0.00%	14.54%	19.94%	-5.30%
EBITDA Q/Q Growth	0.00%	0.00%	32.64%	7.76%	-22.50%
EBIT Q/Q Growth	0.00%	0.00%	24.17%	0.52%	-13.97%
NOPAT Q/Q Growth	0.00%	0.00%	-1.74%	5.17%	-7.81%
Net Income Q/Q Growth	0.00%	0.00%	25.47%	0.87%	-15.87%
EPS Q/Q Growth	0.00%	0.00%	11.90%	4.71%	-20.63%
Operating Cash Flow Q/Q Growth	0.00%	-28.01%	1.25%	1.44%	14.18%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-34.48%	65.76%
Invested Capital Q/Q Growth	0.00%	0.00%	16.47%	37.84%	-5.87%
Profitability Metrics	-	-	-	-	-
Gross Margin	42.32%	40.71%	45.40%	40.13%	41.68%
EBITDA Margin	-412.50%	-231.11%	-33.86%	-39.03%	-44.45%
Operating Margin	-85.10%	-154.49%	-107.52%	-60.68%	-78.49%
EBIT Margin	-425.33%	-243.84%	-49.37%	-59.38%	-65.27%
Profit (Net Income) Margin	-435.05%	-245.00%	-47.64%	-57.73%	-66.54%
Tax Burden Percent	100.03%	99.73%	98.08%	96.60%	98.68%
Interest Burden Percent	102.25%	100.75%	98.40%	100.64%	103.30%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-402.89%	-125.21%	-67.62%	-25.74%	-21.34%
ROIC Less NNEP Spread (ROIC-NNEP)	-483.87%	-1.06%	-84.64%	98.22%	-47.32%
Return on Net Nonoperating Assets (RNNOA)	499.81%	0.60%	50.20%	-6.82%	-9.92%
Return on Equity (ROE)	96.92%	-124.61%	-17.42%	-32.56%	-31.26%
Cash Return on Invested Capital (CROIC)	0.00%	-309.22%	-137.41%	-135.39%	-16.98%
Operating Return on Assets (OROA)	-273.78%	-46.81%	-10.20%	-18.64%	-16.07%
Return on Assets (ROA)	-280.03%	-47.03%	-9.84%	-18.12%	-16.38%
Return on Common Equity (ROCE)	105.34%	-132.71%	-17.98%	-31.23%	-29.28%
Return on Equity Simple (ROE_SIMPLE)	89.17%	-37.89%	-16.88%	-28.88%	-34.50%
Net Operating Profit after Tax (NOPAT)	-13	-52	-83	-95	-119
NOPAT Margin	-59.57%	-108.14%	-75.26%	-42.48%	-54.95%
Net Nonoperating Expense Percent (NNEP)	80.98%	-124.14%	17.02%	-123.96%	25.99%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-17.08%	-13.13%	-14.34%
Cost of Revenue to Revenue	57.68%	59.29%	54.60%	59.87%	58.32%
SG&A Expenses to Revenue	30.06%	75.15%	43.54%	31.58%	37.36%
R&D to Revenue	97.36%	120.05%	109.39%	69.23%	80.82%
Operating Expenses to Revenue	127.42%	195.20%	152.92%	100.81%	120.17%
Earnings before Interest and Taxes (EBIT)	-96	-118	-55	-133	-141
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-93	-112	-38	-87	-96
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	4.98	2.77	3.28	1.96
Price to Tangible Book Value (P/TBV)	0.00	15.11	7.64	0.00	0.00
Price to Revenue (P/Rev)	0.00	32.21	7.81	6.55	3.77
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	16.53	4.32	2.78	1.73
Enterprise Value to Revenue (EV/Rev)	0.00	27.41	6.49	7.11	4.36
Enterprise Value to EBITDA (EV/EBITDA)	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
Enterprise Value to NOPAT (EV/NOPAT)	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
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	-0.21	0.03	0.55	0.51	0.86
Long-Term Debt to Equity	-0.12	0.02	0.50	0.33	0.83
Financial Leverage	-1.03	-0.56	-0.59	-0.07	0.21
Leverage Ratio	-0.35	2.65	1.77	1.80	1.91
Compound Leverage Factor	-0.35	2.67	1.74	1.81	1.97
Debt to Total Capital	-25.83%	2.63%	35.62%	33.91%	46.36%
Short-Term Debt to Total Capital	-10.52%	0.76%	3.73%	12.19%	1.90%
Long-Term Debt to Total Capital	-15.31%	1.87%	31.89%	21.72%	44.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-10.93%	-7.07%	0.31%	4.28%	3.31%
Common Equity to Total Capital	136.76%	104.44%	64.07%	61.81%	50.33%
Debt to EBITDA	-0.22	-0.07	-4.63	-2.81	-4.00
Net Debt to EBITDA	-0.02	1.89	3.94	-1.07	-1.04
Long-Term Debt to EBITDA	-0.13	-0.05	-4.15	-1.80	-3.83
Debt to NOPAT	-1.55	-0.15	-2.09	-2.58	-3.23
Net Debt to NOPAT	-0.16	4.04	1.77	-0.98	-0.84
Long-Term Debt to NOPAT	-0.92	-0.11	-1.87	-1.65	-3.10
Altman Z-Score	0.00	4.50	1.73	1.88	0.40
Noncontrolling Interest Sharing Ratio	-8.69%	-6.50%	-3.24%	4.09%	6.33%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.25	7.36	5.85	1.96	4.82
Quick Ratio	0.20	6.91	5.44	1.55	3.84
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-129	-169	-499	-95
Operating Cash Flow to CapEx	-3,330.93%	-2,081.25%	-1,014.09%	-818.58%	-408.74%
Free Cash Flow to Firm to Interest Expense	0.00	-138.29	-100.15	-57.63	-10.23
Operating Cash Flow to Interest Expense	-9.68	-59.70	-45.36	-12.07	-6.33
Operating Cash Flow Less CapEx to Interest Expense	-9.97	-62.57	-49.83	-13.54	-7.88
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.64	0.19	0.21	0.31	0.25
Accounts Receivable Turnover	3.82	4.90	5.50	4.96	3.75
Inventory Turnover	4.50	4.79	5.42	5.76	3.04
Fixed Asset Turnover	10.42	7.30	8.23	10.43	7.08
Accounts Payable Turnover	2.86	5.74	6.16	8.20	5.41
Days Sales Outstanding (DSO)	95.46	74.47	66.35	73.63	97.37
Days Inventory Outstanding (DIO)	81.16	76.17	67.39	63.38	119.90
Days Payable Outstanding (DPO)	127.45	63.55	59.21	44.52	67.49
Cash Conversion Cycle (CCC)	49.17	87.09	74.53	92.49	149.79
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	3.34	80	166	570	546
Invested Capital Turnover	6.76	1.16	0.90	0.61	0.39
Increase / (Decrease) in Invested Capital	0.00	77	86	404	-24
Enterprise Value (EV)	0.00	1,327	719	1,586	946
Market Capitalization	0.00	1,560	866	1,462	818
Book Value per Share	($3.53)	$2.41	$2.11	$2.47	$2.07
Tangible Book Value per Share	($3.62)	$0.79	$0.76	($0.32)	($0.28)
Total Capital	-81	300	488	722	830
Total Debt	21	7.89	174	245	385
Total Long-Term Debt	12	5.62	156	157	369
Net Debt	2.14	-212	-148	93	100
Capital Expenditures (CapEx)	0.64	2.68	7.57	13	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-102	-2.87	6.22	69	55
Debt-free Net Working Capital (DFNWC)	-84	217	328	221	340
Net Working Capital (NWC)	-92	214	310	133	324
Net Nonoperating Expense (NNE)	85	66	-31	34	25
Net Nonoperating Obligations (NNO)	105	-212	-148	93	100
Total Depreciation and Amortization (D&A)	2.90	6.17	17	45	45
Debt-free, Cash-free Net Working Capital to Revenue	-453.04%	-5.93%	5.62%	31.04%	25.44%
Debt-free Net Working Capital to Revenue	-370.35%	447.40%	296.13%	99.01%	156.76%
Net Working Capital to Revenue	-407.89%	442.70%	279.70%	59.57%	149.47%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($1.26)	($0.37)	($0.81)	($0.76)
Adjusted Weighted Average Basic Shares Outstanding	0.00	70.01M	118.66M	145.19M	175.03M
Adjusted Diluted Earnings per Share	$0.00	($1.26)	($0.37)	($0.81)	($0.76)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	70.01M	118.66M	145.19M	175.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	160.16M	183.22M	208.49M
Normalized Net Operating Profit after Tax (NOPAT)	-13	-52	-83	-95	-116
Normalized NOPAT Margin	-59.57%	-108.14%	-75.26%	-42.48%	-53.55%
Pre Tax Income Margin	-434.92%	-245.67%	-48.58%	-59.76%	-67.43%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	-43.85	-126.25	-32.33	-15.32	-15.28
NOPAT to Interest Expense	-6.14	-55.99	-49.28	-10.96	-12.86
EBIT Less CapEx to Interest Expense	-44.14	-129.12	-36.80	-16.79	-16.83
NOPAT Less CapEx to Interest Expense	-6.43	-58.86	-53.76	-12.43	-14.41
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-14.10%	0.00%	0.00%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	146.90%	74.18%	83.88%	102.32%	101.48%	112.35%	29.42%	0.47%	-10.77%	-17.29%	3.29%
EBITDA Growth	59.09%	59.54%	-503.60%	350.71%	85.45%	59.29%	68.78%	-1,139.66%	-535.99%	-351.67%	0.95%
EBIT Growth	58.39%	51.11%	-757.46%	-112.91%	60.81%	4.14%	59.82%	-53.36%	-204.51%	-108.48%	-0.96%
NOPAT Growth	-21.64%	-7.56%	28.23%	-35.86%	-39.78%	25.51%	-34.25%	10.05%	-38.06%	-57.14%	21.58%
Net Income Growth	58.00%	53.37%	-698.03%	-155.71%	58.89%	7.18%	58.25%	-54.83%	-192.31%	-134.99%	-8.61%
EPS Growth	62.65%	35.71%	-885.71%	-125.00%	61.29%	44.44%	65.45%	-22.22%	-133.33%	-260.00%	5.26%
Operating Cash Flow Growth	-48.40%	5.16%	-109.27%	-90.17%	32.35%	8.49%	71.57%	51.00%	-53.70%	59.02%	-210.20%
Free Cash Flow Firm Growth	-277.33%	0.00%	-10.28%	36.39%	26.57%	-293.87%	-44.04%	1.55%	32.06%	100.15%	87.45%
Invested Capital Growth	158.97%	107.20%	120.09%	120.64%	189.56%	242.70%	79.41%	54.49%	40.19%	-4.27%	1.46%
Revenue Q/Q Growth	16.54%	10.03%	22.48%	28.81%	16.06%	15.97%	-25.35%	0.00%	3.08%	7.49%	-6.78%
EBITDA Q/Q Growth	-12,375.78%	71.79%	-519.89%	101.15%	-824.09%	21.06%	-375.39%	61.74%	-342.94%	43.94%	-4.25%
EBIT Q/Q Growth	-640.26%	62.96%	-415.43%	84.94%	-36.27%	9.40%	-116.06%	42.50%	-170.57%	37.97%	-4.63%
NOPAT Q/Q Growth	13.73%	-11.99%	-27.70%	-10.12%	11.24%	40.32%	-130.16%	26.21%	-36.22%	32.08%	-14.86%
Net Income Q/Q Growth	-756.56%	65.32%	-420.15%	83.45%	-37.71%	21.69%	-133.99%	38.64%	-159.98%	37.05%	-8.15%
EPS Q/Q Growth	-675.00%	70.97%	-511.11%	83.64%	-33.33%	58.33%	-280.00%	42.11%	-154.55%	35.71%	0.00%
Operating Cash Flow Q/Q Growth	-3.61%	18.25%	-83.40%	-22.41%	63.14%	-10.59%	43.02%	-110.97%	-15.62%	70.51%	-331.31%
Free Cash Flow Firm Q/Q Growth	-12.60%	73.62%	-84.11%	-16.33%	-29.99%	-41.48%	32.67%	20.49%	10.30%	100.30%	-5,892.58%
Invested Capital Q/Q Growth	-13.52%	16.47%	87.17%	17.04%	13.49%	37.84%	-2.02%	0.79%	2.98%	-5.87%	3.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.13%	51.10%	40.53%	38.35%	41.82%	39.78%	42.53%	42.24%	39.35%	42.57%	41.70%
EBITDA Margin	-145.89%	-37.41%	-189.33%	1.69%	-10.54%	-7.17%	-45.67%	-17.47%	-75.10%	-39.16%	-43.80%
Operating Margin	-86.15%	-87.69%	-91.42%	-78.16%	-59.77%	-30.76%	-94.83%	-69.97%	-92.47%	-58.43%	-72.00%
EBIT Margin	-149.97%	-50.49%	-212.46%	-24.85%	-29.17%	-22.79%	-65.97%	-37.93%	-99.55%	-57.45%	-64.47%
Profit (Net Income) Margin	-151.36%	-47.71%	-202.63%	-26.03%	-30.88%	-20.85%	-65.37%	-40.11%	-101.17%	-59.25%	-68.74%
Tax Burden Percent	101.94%	97.71%	95.67%	102.59%	103.61%	88.93%	96.86%	100.41%	99.43%	98.33%	100.15%
Interest Burden Percent	99.01%	96.73%	99.68%	102.12%	102.18%	102.89%	102.31%	105.33%	102.21%	104.89%	106.45%
Effective Tax Rate	0.00%	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)	0.00%	-55.15%	-36.53%	-32.15%	-27.98%	-13.05%	-35.87%	-24.86%	-29.82%	-15.89%	-19.56%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-57.66%	13.86%	-50.06%	-37.96%	-14.77%	-33.77%	-1.38%	-72.70%	-26.89%	-28.11%
Return on Net Nonoperating Assets (RNNOA)	0.00%	34.20%	-4.57%	12.00%	7.31%	1.03%	-2.07%	-0.06%	-7.39%	-5.64%	-7.30%
Return on Equity (ROE)	-39.82%	-20.95%	-41.10%	-20.15%	-20.67%	-12.02%	-37.95%	-24.92%	-37.21%	-21.52%	-26.87%
Cash Return on Invested Capital (CROIC)	0.00%	-137.41%	-112.69%	-110.28%	-133.25%	-135.39%	-80.67%	-64.56%	-55.70%	-16.98%	-21.27%
Operating Return on Assets (OROA)	-37.19%	-10.43%	-42.88%	-6.30%	-8.75%	-7.15%	-19.42%	-11.31%	-28.17%	-14.14%	-16.44%
Return on Assets (ROA)	-37.54%	-9.86%	-40.90%	-6.60%	-9.26%	-6.54%	-19.24%	-11.96%	-28.63%	-14.59%	-17.53%
Return on Common Equity (ROCE)	-43.90%	-21.63%	-42.35%	-20.60%	-21.26%	-11.53%	-36.81%	-24.05%	-35.99%	-20.16%	-25.22%
Return on Equity Simple (ROE_SIMPLE)	-23.98%	0.00%	-41.00%	-40.57%	-31.43%	0.00%	-18.73%	-18.81%	-27.14%	0.00%	-36.28%
Net Operating Profit after Tax (NOPAT)	-18	-20	-26	-29	-25	-15	-35	-26	-35	-24	-27
NOPAT Margin	-60.31%	-61.38%	-63.99%	-54.71%	-41.84%	-21.53%	-66.38%	-48.98%	-64.73%	-40.90%	-50.40%
Net Nonoperating Expense Percent (NNEP)	-12.01%	2.51%	-50.39%	17.91%	9.98%	1.73%	-2.10%	-23.48%	42.88%	11.00%	8.55%
Return On Investment Capital (ROIC_SIMPLE)	-	-4.15%	-	-	-	-2.09%	-	-	-	-2.86%	-3.35%
Cost of Revenue to Revenue	49.87%	48.90%	59.47%	61.65%	58.18%	60.22%	57.47%	57.76%	60.65%	57.43%	58.30%
SG&A Expenses to Revenue	35.57%	38.86%	41.57%	35.77%	32.81%	21.65%	42.64%	33.32%	38.63%	35.04%	35.81%
R&D to Revenue	100.71%	99.92%	90.39%	80.73%	68.78%	48.88%	94.72%	78.89%	85.18%	65.94%	77.88%
Operating Expenses to Revenue	136.28%	138.78%	131.95%	116.50%	101.59%	70.53%	137.36%	112.21%	131.82%	101.01%	113.69%
Earnings before Interest and Taxes (EBIT)	-45	-17	-86	-13	-18	-16	-35	-20	-54	-33	-35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-44	-12	-77	0.88	-6.37	-5.03	-24	-9.15	-41	-23	-24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.62	2.77	4.67	3.93	2.51	3.28	3.00	2.45	1.72	1.96	1.05
Price to Tangible Book Value (P/TBV)	11.56	7.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	11.05	7.81	13.07	9.75	5.58	6.55	5.52	4.90	3.44	3.77	1.94
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	0.00
Dividend Yield	0.00%	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%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.41	4.32	5.26	4.10	2.51	2.78	2.55	2.21	1.57	1.73	1.03
Enterprise Value to Revenue (EV/Rev)	9.47	6.49	12.68	9.61	5.58	7.11	6.05	5.29	3.97	4.36	2.68
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	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	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	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	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	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.06	0.55	0.45	0.42	0.39	0.51	0.53	0.36	0.41	0.86	0.88
Long-Term Debt to Equity	0.02	0.50	0.44	0.41	0.38	0.33	0.34	0.31	0.32	0.83	0.85
Financial Leverage	-1.28	-0.59	-0.33	-0.24	-0.19	-0.07	0.06	0.04	0.10	0.21	0.26
Leverage Ratio	2.19	1.77	1.90	1.76	1.80	1.80	1.95	1.78	1.79	1.91	1.92
Compound Leverage Factor	2.17	1.71	1.89	1.80	1.84	1.85	1.99	1.87	1.83	2.00	2.04
Debt to Total Capital	5.88%	35.62%	30.96%	29.33%	28.10%	33.91%	34.71%	26.69%	28.85%	46.36%	46.94%
Short-Term Debt to Total Capital	4.46%	3.73%	0.90%	0.67%	0.86%	12.19%	12.49%	3.75%	5.91%	1.90%	1.83%
Long-Term Debt to Total Capital	1.42%	31.89%	30.06%	28.66%	27.25%	21.72%	22.21%	22.94%	22.93%	44.45%	45.11%
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%	0.00%
Noncontrolling Interests to Total Capital	-6.46%	0.31%	-0.76%	-0.20%	-0.12%	4.28%	4.05%	4.66%	4.40%	3.31%	3.22%
Common Equity to Total Capital	100.59%	64.07%	69.80%	70.87%	72.01%	61.81%	61.25%	68.65%	66.75%	50.33%	49.85%
Debt to EBITDA	-0.31	-4.63	-1.21	-1.21	-1.71	-2.81	-7.12	-4.12	-2.52	-4.00	-3.97
Net Debt to EBITDA	2.40	3.94	0.35	0.16	-0.01	-1.07	-2.82	-1.36	-1.16	-1.04	-1.41
Long-Term Debt to EBITDA	-0.07	-4.15	-1.17	-1.18	-1.66	-1.80	-4.56	-3.54	-2.00	-3.83	-3.82
Debt to NOPAT	-0.21	-2.09	-1.88	-1.72	-1.61	-2.58	-2.37	-1.82	-1.79	-3.23	-3.42
Net Debt to NOPAT	1.63	1.77	0.55	0.22	-0.01	-0.98	-0.94	-0.60	-0.82	-0.84	-1.21
Long-Term Debt to NOPAT	-0.05	-1.87	-1.83	-1.68	-1.57	-1.65	-1.51	-1.56	-1.43	-3.10	-3.29
Altman Z-Score	3.92	1.94	1.84	2.12	1.27	2.35	1.91	2.07	1.00	0.78	0.24
Noncontrolling Interest Sharing Ratio	-10.23%	-3.24%	-3.04%	-2.20%	-2.85%	4.09%	3.01%	3.47%	3.28%	6.33%	6.13%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.51	5.85	2.52	2.68	1.81	1.96	1.74	2.66	2.39	4.82	5.30
Quick Ratio	3.12	5.44	2.02	2.07	1.37	1.55	1.26	1.83	1.52	3.84	4.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-403	-106	-196	-228	-296	-419	-282	-224	-201	0.61	-35
Operating Cash Flow to CapEx	-823.93%	-585.98%	-1,027.98%	-1,196.29%	-735.96%	-393.29%	-403.50%	-538.61%	-349.49%	-366.83%	-1,219.55%
Free Cash Flow to Firm to Interest Expense	-2,428.63	-88.54	-91.14	-106.23	-132.05	-197.94	-133.90	-105.07	-92.26	0.22	-7.83
Operating Cash Flow to Interest Expense	-132.13	-14.93	-15.31	-18.78	-6.62	-7.75	-4.44	-9.24	-10.46	-2.37	-6.42
Operating Cash Flow Less CapEx to Interest Expense	-148.16	-17.48	-16.80	-20.35	-7.52	-9.73	-5.54	-10.96	-13.45	-3.02	-6.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.21	0.20	0.25	0.30	0.31	0.29	0.30	0.28	0.25	0.26
Accounts Receivable Turnover	6.19	5.50	6.35	6.13	5.65	4.96	6.10	5.06	4.59	3.75	3.79
Inventory Turnover	6.53	5.42	2.82	3.27	4.21	5.76	3.63	3.31	2.95	3.04	2.98
Fixed Asset Turnover	12.25	8.23	7.79	9.08	9.69	10.43	9.31	8.42	7.55	7.08	6.80
Accounts Payable Turnover	8.09	6.16	5.94	7.10	7.66	8.20	7.78	6.33	5.93	5.41	6.83
Days Sales Outstanding (DSO)	59.01	66.35	57.45	59.51	64.64	73.63	59.81	72.11	79.47	97.37	96.34
Days Inventory Outstanding (DIO)	55.87	67.39	129.21	111.70	86.71	63.38	100.47	110.41	123.64	119.90	122.40
Days Payable Outstanding (DPO)	45.14	59.21	61.46	51.43	47.68	44.52	46.89	57.66	61.56	67.49	53.44
Cash Conversion Cycle (CCC)	69.75	74.53	125.20	119.78	103.66	92.49	113.39	124.85	141.56	149.79	165.30
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	143	166	311	364	414	570	559	563	580	546	567
Invested Capital Turnover	-1.95	0.90	0.57	0.59	0.67	0.61	0.54	0.51	0.46	0.39	0.39
Increase / (Decrease) in Invested Capital	385	86	170	199	271	404	247	199	166	-24	8.13
Enterprise Value (EV)	916	719	1,639	1,495	1,038	1,586	1,423	1,245	909	946	585
Market Capitalization	1,068	866	1,690	1,517	1,038	1,462	1,297	1,152	788	818	424
Book Value per Share	$2.02	$2.11	$2.26	$2.39	$2.51	$2.47	$2.63	$2.52	$2.32	$2.07	$1.95
Tangible Book Value per Share	$0.63	$0.76	($0.66)	($0.48)	($0.56)	($0.32)	($0.34)	($0.13)	($0.20)	($0.28)	($0.31)
Total Capital	294	488	519	545	574	722	707	686	687	830	814
Total Debt	17	174	161	160	161	245	245	183	198	385	382
Total Long-Term Debt	4.17	156	156	156	156	157	157	157	158	369	367
Net Debt	-134	-148	-47	-21	0.73	93	97	60	91	100	135
Capital Expenditures (CapEx)	2.66	3.06	3.20	3.37	2.02	4.17	2.32	3.66	6.53	1.83	2.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1.28	6.22	-27	-1.61	-35	69	52	58	73	55	78
Debt-free Net Working Capital (DFNWC)	152	328	180	179	126	221	200	180	181	340	325
Net Working Capital (NWC)	139	310	175	175	121	133	112	154	140	324	310
Net Nonoperating Expense (NNE)	27	-4.51	56	-15	-6.63	-0.47	-0.53	-4.64	20	11	9.92
Net Nonoperating Obligations (NNO)	-134	-148	-47	-21	0.73	93	97	60	91	100	135
Total Depreciation and Amortization (D&A)	1.23	4.32	9.36	14	11	11	11	11	13	11	11
Debt-free, Cash-free Net Working Capital to Revenue	1.33%	5.62%	-21.20%	-1.03%	-18.68%	31.04%	22.21%	24.44%	32.07%	25.44%	35.55%
Debt-free Net Working Capital to Revenue	157.19%	296.13%	139.27%	115.07%	67.66%	99.01%	85.25%	76.56%	78.92%	156.76%	148.59%
Net Working Capital to Revenue	143.67%	279.70%	135.66%	112.72%	65.02%	59.57%	47.68%	65.62%	61.16%	149.47%	141.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.31)	($0.12)	($0.55)	($0.09)	($0.12)	($0.05)	($0.19)	($0.11)	($0.28)	($0.18)	($0.18)
Adjusted Weighted Average Basic Shares Outstanding	120.51M	118.66M	131.49M	141.97M	146.96M	145.19M	164.60M	170.16M	179.49M	175.03M	191.46M
Adjusted Diluted Earnings per Share	($0.31)	($0.09)	($0.55)	($0.09)	($0.12)	($0.05)	($0.19)	($0.11)	($0.28)	($0.18)	($0.18)
Adjusted Weighted Average Diluted Shares Outstanding	120.51M	118.66M	131.49M	141.97M	146.96M	145.19M	164.60M	170.16M	179.49M	175.03M	191.46M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	148.48M	160.16M	161.40M	164.79M	180.30M	183.22M	186.76M	197.42M	201.92M	208.49M	212.51M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-20	-26	-29	-25	-15	-35	-26	-32	-24	-27
Normalized NOPAT Margin	-60.31%	-61.38%	-63.99%	-54.71%	-41.84%	-21.53%	-66.38%	-48.98%	-59.12%	-40.90%	-50.40%
Pre Tax Income Margin	-148.48%	-48.83%	-211.79%	-25.37%	-29.81%	-23.45%	-67.49%	-39.95%	-101.75%	-60.25%	-68.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-271.17	-13.88	-40.01	-6.04	-7.87	-7.55	-16.40	-9.30	-24.64	-11.74	-7.72
NOPAT to Interest Expense	-109.04	-16.88	-12.05	-13.30	-11.29	-7.14	-16.50	-12.02	-16.02	-8.36	-6.03
EBIT Less CapEx to Interest Expense	-287.21	-16.43	-41.50	-7.61	-8.77	-9.53	-17.50	-11.02	-27.64	-12.39	-8.25
NOPAT Less CapEx to Interest Expense	-125.08	-19.43	-13.54	-14.87	-12.18	-9.11	-17.60	-13.73	-19.02	-9.01	-6.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-7.06%	0.00%	0.00%	0.00%	-1.92%	0.00%	0.00%	0.00%	-0.40%	0.00%	0.00%
Augmented Payout Ratio	-7.06%	-14.10%	0.00%	0.00%	-1.92%	0.00%	0.00%	0.00%	-0.40%	0.00%	0.00%

Key Financial Trends

In Q1 2025 indie Semiconductor showed signs of operating improvement with higher revenue, stronger cash positions and better margin control compared to Q1 2024, though cash flow from operations remains negative and the stock’s market value has declined.

Revenue grew 3.3% year-over-year to $54.08 M in Q1 2025 from $52.35 M in Q1 2024
Net operating profit after tax (NOPAT) improved 21.6%, narrowing losses to $27.25 M from $34.75 M
Free cash flow to firm loss narrowed to $35.38 M from $281.99 M a year earlier
Cash & equivalents rose to $236.6 M, up from $138.2 M in Q1 2024
Current ratio strengthened to 5.30x from 1.74x, reflecting ample liquidity
SG&A expenses as a percentage of revenue declined to 35.8% from 42.6%
R&D spend as a percentage of revenue fell to 77.9% from 94.7%
Net cash used in operating activities widened to –$29.0 M from –$9.3 M
Market capitalization dropped to $424 M from $1.30 B a year ago
Debt-to-equity ratio rose to 0.88x from 0.53x, indicating higher leverage

07/13/25 07:32 AMAI Generated. May Contain Errors.

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 4 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 -$98.36 million in 2020. The previous period was -$128.83 million in 2023. Check out indie Semiconductor's forecast to explore projected trends and price targets.

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's revenue changed over the last 4 years?

Over the last 4 years, indie Semiconductor's total revenue changed from $22.61 million in 2020 to $216.68 million in 2024, a change of 858.3%.

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 263.0% increase since 2020.

How much cash does indie Semiconductor have?

In the past 4 years, indie Semiconductor's cash and equivalents has ranged from $18.70 million in 2020 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 4 years?

Over the last 4 years, indie Semiconductor's book value per share changed from -3.53 in 2020 to 2.07 in 2024, a change of -158.6%.

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This page (NASDAQ:INDI) was last updated on 7/13/2025 by MarketBeat.com Staff

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indie Semiconductor (INDI) Financials

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