INDI Chart
About

indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicles, connected car, user experience, and electrification applications. It designs, develops, manufactures, and markets integrated circuits. The company also offers mixed-signal system-on-chips (SoCs) and system solutions for advanced driver assistance systems. In addition, it offers ultrasonic sensors for parking assist and systems; radar sensors for audio assistance and reverse information; front cameras for vehicle detection, collision avoidance, and sign reading; and side/inside cameras for blind spot and lane change assist, and driver behavior monitoring. The company also provides LiDAR for distance, speed, and obstacle detection, collision avoidance, and emergency brake system; and long range RADAR for audio assistance, obstacle detection, and ACC stop and go. Further, the company designs, manufactures, and integrates photonic components and sub-systems on various technology platforms, including fiber Bragg gratings (FBG), low-noise lasers, athermal and tunable packaging, leveraging low-noise, and high-speed electronics; and designs and develops standard and custom light sources, including super luminescent light emitting diodes (SLEDs). Additionally, it is developing LiDAR, cybersecurity-enabled microcontrollers, and sensor-fusion processors. The company provides solutions in the United States, Greater China, Europe, South Korea, rest of North America, rest of the Asia Pacific, and South America. indie Semiconductor, Inc. was founded in 2007 and is headquartered in Aliso Viejo, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Semiconductors Market Cap 540.65M
Enterprise Value 786.71M Income -143.07M Sales 217.39M
Book/sh 1.75 Cash/sh 0.70 Dividend Yield
Payout 0.00% Employees 800 IPO
P/E Forward P/E 16.39 PEG
P/S 2.49 P/B 1.49 P/C
EV/EBITDA -7.51 EV/Sales 3.62 Quick Ratio 2.71
Current Ratio 3.73 Debt/Eq 96.27 LT Debt/Eq
EPS (ttm) -0.73 EPS next Y 0.16 EPS Growth
Revenue Growth -0.00% Earnings 2026-05-11 ROA -10.18%
ROE -36.34% ROIC Gross Margin -31.03%
Oper. Margin -57.26% Profit Margin -65.81% Shs Outstand 207.15M
Shs Float 204.28M Short Float 29.01% Short Ratio 17.77
Short Interest 52W High 6.05 52W Low 1.53
Beta 2.58 Avg Volume 3.96M Volume 5.02M
Target Price $6.04 Recom Strong_buy Prev Close $2.59
Price $2.61 Change 0.77%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.04
Mean price target
2. Current target
$2.61
Latest analyst target
3. DCF / Fair value
$-1.77
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.61
Low
$4.25
High
$8.00
Mean
$6.04

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-10 main UBS — → Neutral $5
2025-06-25 main Benchmark Buy → Buy $8
2025-06-11 reit Benchmark Buy → Buy $6
2025-05-21 reit Benchmark Buy → Buy $6
2025-05-13 main Craig-Hallum Buy → Buy $6
2025-05-13 main Keybanc Overweight → Overweight $6
2025-05-13 main Benchmark Buy → Buy $6
2025-04-09 reit Benchmark Buy → Buy $8
2025-02-21 main Keybanc Overweight → Overweight $7
2025-02-21 main Benchmark Buy → Buy $8
2025-01-24 init UBS — → Neutral $5
2024-11-08 reit Benchmark Buy → Buy $9
2024-11-08 main Roth MKM Buy → Buy $5
2024-11-05 main Benchmark Buy → Buy $9
2024-09-10 reit Benchmark Buy → Buy $12
2024-08-09 main Deutsche Bank Buy → Buy $7
2024-08-09 main Roth MKM Buy → Buy $7
2024-05-10 main Keybanc Overweight → Overweight $9
2024-05-10 main Deutsche Bank Buy → Buy $9
2024-05-10 reit B. Riley Securities Buy → Buy $14
Insider Transactions

No recent insider transactions.

Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems10.33K325.04K138.74K1.24M
TaxRateForCalcs0.020.010.030.02
NormalizedEBITDA-94.71M-118.64M-94.24M-100.21M
TotalUnusualItems527.00K24.71M4.08M64.54M
TotalUnusualItemsExcludingGoodwill527.00K24.71M4.08M64.54M
NetIncomeFromContinuingOperationNetMinorityInterest-143.07M-132.60M-117.62M-43.40M
ReconciledDepreciation43.59M43.06M34.59M16.76M
ReconciledCostOfRevenue130.76M126.37M133.61M60.49M
EBITDA-94.18M-93.94M-90.16M-35.67M
EBIT-137.77M-137.00M-124.74M-52.43M
NetInterestIncome-10.35M-4.67M-849.00K875.00K
InterestExpense15.96M9.11M8.62M1.39M
InterestIncome7.29M4.59M7.80M2.57M
NormalizedIncome-143.58M-156.99M-121.57M-106.70M
NetIncomeFromContinuingAndDiscontinuedOperation-143.07M-132.60M-117.62M-43.40M
TotalExpenses362.54M382.43M358.59M229.93M
TotalOperatingIncomeAsReported-154.22M-170.08M-135.42M-119.13M
DilutedAverageShares175.03M145.19M118.66M70.01M
BasicAverageShares175.03M145.19M118.66M70.01M
DilutedEPS-0.76-0.81-0.42-1.25
BasicEPS-0.76-0.81-0.42-1.25
DilutedNIAvailtoComStockholders-143.07M-132.60M-117.62M-43.40M
NetIncomeCommonStockholders-143.07M-132.60M-117.62M-43.40M
NetIncome-143.07M-132.60M-117.62M-43.40M
MinorityInterests7.65M11.58M11.21M9.39M
NetIncomeIncludingNoncontrollingInterests-150.71M-144.19M-128.83M-52.79M
NetIncomeContinuousOperations-150.71M-144.19M-128.83M-52.79M
TaxProvision-3.01M-1.92M-4.53M-1.03M
PretaxIncome-153.72M-146.11M-133.37M-53.82M
OtherIncomeExpense1.77M24.31M2.91M64.43M
OtherNonOperatingIncomeExpenses1.25M-400.00K-1.18M-107.00K
SpecialIncomeCharges527.00K24.71M-2.98M9.47M
OtherSpecialCharges-2.62M-304.00K
RestructuringAndMergernAcquisition2.10M-24.71M2.98M-9.47M
GainOnSaleOfSecurity7.07M55.07M-4.46M
NetNonOperatingInterestIncomeExpense-10.35M-4.67M-849.00K875.00K
TotalOtherFinanceCost1.68M146.00K25.00K301.00K
InterestExpenseNonOperating15.96M9.11M8.62M1.39M
InterestIncomeNonOperating7.29M4.59M7.80M2.57M
OperatingIncome-145.15M-165.75M-135.42M-119.13M
OperatingExpense231.78M256.06M224.99M169.43M
ResearchAndDevelopment154.09M175.11M154.51M121.20M
SellingGeneralAndAdministration77.69M80.94M70.48M48.24M
GrossProfit86.63M90.31M89.56M50.31M
CostOfRevenue130.76M126.37M133.61M60.49M
TotalRevenue217.39M216.68M223.17M110.80M
OperatingRevenue217.39M216.68M223.17M110.80M
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber204.10M189.16M163.19M126.82M
ShareIssued204.10M189.16M163.19M126.82M
NetDebt207.94M107.07M9.16M
TotalDebt369.67M398.58M174.34M183.47M
TangibleBookValue-130.52M-57.43M-57.08M113.23M
InvestedCapital711.43M799.20M606.99M484.21M
WorkingCapital209.22M323.87M132.94M309.90M
NetTangibleAssets-130.52M-57.43M-57.08M113.23M
CapitalLeaseObligations16.27M17.26M13.50M12.07M
CommonStockEquity358.03M417.89M446.15M312.81M
TotalCapitalization697.87M786.98M602.88M468.51M
TotalEquityGrossMinorityInterest384.01M445.39M477.02M314.33M
MinorityInterest25.98M27.51M30.88M1.52M
StockholdersEquity358.03M417.89M446.15M312.81M
GainsLossesNotAffectingRetainedEarnings-3.61M-24.66M-6.17M-11.95M
OtherEquityAdjustments-3.61M-24.66M-6.17M-11.95M
RetainedEarnings-637.11M-494.04M-361.44M-243.82M
AdditionalPaidInCapital998.73M936.56M813.74M568.56M
CapitalStock22.00K21.00K18.00K15.00K
CommonStock22.00K21.00K18.00K15.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest456.77M495.99M341.85M289.02M
TotalNonCurrentLiabilitiesNetMinorityInterest380.23M411.11M202.98M225.06M
OtherNonCurrentLiabilities7.44M4.11M21.70M1.84M
DerivativeProductLiabilities0.0045.40M100.47M
NonCurrentDeferredLiabilities19.90M23.62M13.70M12.00M
NonCurrentDeferredRevenue5.71M11.96M0.004.18M
NonCurrentDeferredTaxesLiabilities14.20M11.66M13.70M7.82M
LongTermDebtAndCapitalLeaseObligation352.88M383.38M167.59M165.81M
LongTermCapitalLeaseObligation13.05M14.28M10.85M10.12M
LongTermDebt339.83M369.10M156.74M155.70M
CurrentLiabilities76.55M84.88M138.88M63.96M
OtherCurrentLiabilities9.41M14.67M92.27M7.09M
CurrentDeferredLiabilities12.20M15.66M11.24M11.12M
CurrentDeferredRevenue10.48M8.61M6.90M11.12M
CurrentDebtAndCapitalLeaseObligation16.79M15.20M6.76M17.66M
CurrentCapitalLeaseObligation3.23M2.98M2.65M1.96M
CurrentDebt13.57M12.22M4.11M15.70M
OtherCurrentBorrowings13.57M12.22M4.11M15.70M
PayablesAndAccruedExpenses38.14M39.35M28.61M28.10M
CurrentAccruedExpenses11.45M7.91M8.53M12.98M
InterestPayable1.40M1.68M1.12M900.00K
Payables26.69M31.44M20.08M15.11M
TotalTaxPayable4.86M3.11M1.67M926.00K
AccountsPayable21.83M28.33M18.41M14.19M
TotalAssets840.79M941.39M818.88M603.35M
TotalNonCurrentAssets555.02M532.64M547.06M229.49M
OtherNonCurrentAssets8.75M6.94M3.07M2.02M
GoodwillAndOtherIntangibleAssets488.55M475.31M503.23M199.58M
OtherIntangibleAssets195.91M208.94M208.13M63.12M
Goodwill292.64M266.37M295.10M136.46M
NetPPE57.71M50.39M40.76M27.88M
AccumulatedDepreciation-30.37M-21.14M-14.65M-9.12M
GrossPPE88.08M71.53M55.41M37.00M
Leases2.31M1.92M1.90M1.22M
ConstructionInProgress15.01M7.60M3.87M1.76M
OtherProperties58.00M51.85M43.10M29.29M
MachineryFurnitureEquipment12.76M10.16M6.54M4.74M
Properties0.000.000.000.00
CurrentAssets285.77M408.75M271.82M373.87M
OtherCurrentAssets23.92M22.31M23.40M12.29M
RestrictedCash10.29M10.30M0.00250.00K
PrepaidAssets5.65M
Inventory48.62M49.89M33.14M13.26M
InventoriesAdjustmentsAllowances-4.58M-2.54M-1.79M-1.75M
FinishedGoods8.23M16.44M15.90M2.48M
WorkInProcess31.22M19.53M12.42M6.85M
RawMaterials9.16M13.91M7.36M5.72M
Receivables57.48M52.01M63.60M26.44M
AccountsReceivable57.48M52.01M63.60M26.44M
AllowanceForDoubtfulAccountsReceivable-163.00K-1.97M-192.00K-46.00K
GrossAccountsReceivable57.65M53.98M63.79M26.49M
CashCashEquivalentsAndShortTermInvestments145.46M274.25M151.68M321.63M
CashAndCashEquivalents145.46M274.25M151.68M321.63M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-71.42M-74.66M-117.14M-84.31M
RepurchaseOfCapitalStock0.000.00-7.40M-900.00K
RepaymentOfDebt-30.81M-7.96M-12.83M-2.16M
IssuanceOfDebt2.40M230.36M1.15M161.51M
IssuanceOfCapitalStock0.0019.85M53.14M59.06M
CapitalExpenditure-14.29M-16.06M-12.75M-7.57M
InterestPaidSupplementalData15.05M7.43M7.42M376.00K
EndCashPosition155.74M284.55M151.68M321.88M
BeginningCashPosition284.55M151.68M321.88M219.46M
EffectOfExchangeRateChanges-769.00K1.40M-1.64M2.77M
ChangesInCash-128.04M131.47M-168.56M99.64M
FinancingCashFlow-38.94M209.33M43.57M192.66M
CashFlowFromContinuingFinancingActivities-38.94M209.33M43.57M192.66M
NetOtherFinancingCharges-10.54M-32.96M-10.26M-18.45M
ProceedsFromStockOptionExercised6.00K53.00K12.38M103.00K
NetCommonStockIssuance0.0019.85M53.14M51.66M
CommonStockPayments0.000.00-7.40M-900.00K
CommonStockIssuance0.0019.85M53.14M59.06M
NetIssuancePaymentsOfDebt-28.41M222.40M-11.68M159.35M
NetLongTermDebtIssuance-28.41M222.40M-11.68M159.35M
LongTermDebtPayments-30.81M-7.96M-12.83M-2.16M
LongTermDebtIssuance2.40M230.36M1.15M161.51M
InvestingCashFlow-31.97M-19.26M-107.74M-16.27M
CashFlowFromContinuingInvestingActivities-31.97M-19.26M-107.74M-16.27M
NetBusinessPurchaseAndSale-17.67M-3.20M-94.99M-8.71M
PurchaseOfBusiness-17.67M-3.20M-94.99M-8.71M
NetIntangiblesPurchaseAndSale0.00-1.72M0.000.00
PurchaseOfIntangibles0.00-1.72M0.000.00
NetPPEPurchaseAndSale-14.29M-14.34M-12.75M-7.57M
PurchaseOfPPE-14.29M-14.34M-12.75M-7.57M
OperatingCashFlow-57.13M-58.60M-104.39M-76.75M
CashFlowFromContinuingOperatingActivities-57.13M-58.60M-104.39M-76.75M
ChangeInWorkingCapital-12.21M1.08M-58.15M-18.09M
ChangeInOtherWorkingCapital91.00K-301.00K-837.00K
ChangeInOtherCurrentLiabilities-4.35M-6.75M-4.40M-2.77M
ChangeInPayablesAndAccruedExpense-6.43M14.24M-5.47M9.31M
ChangeInAccruedExpense1.31M3.25M-3.77M1.89M
ChangeInPayable-7.74M10.99M-1.70M7.42M
ChangeInAccountPayable-7.74M10.99M-1.70M7.42M
ChangeInPrepaidAssets-1.09M963.00K-10.30M-8.18M
ChangeInInventory2.52M-16.97M-5.79M-4.30M
ChangeInReceivables-2.86M9.59M-32.20M-12.16M
ChangesInAccountReceivables-2.86M9.59M-32.20M-12.16M
OtherNonCashItems-4.24M-26.97M13.82M-8.82M
StockBasedCompensation65.11M67.24M43.71M41.88M
ProvisionandWriteOffofAssets1.71M3.89M892.00K1.59M
AssetImpairmentCharge3.61M998.00K0.000.00
DeferredTax-536.00K-5.37M-4.20M-2.00M
DeferredIncomeTax-536.00K-5.37M-4.20M-2.00M
DepreciationAmortizationDepletion43.59M43.06M34.59M16.76M
DepreciationAndAmortization43.59M43.06M34.59M16.76M
AmortizationCashFlow32.03M33.24M26.48M11.64M
AmortizationOfIntangibles32.03M33.24M26.48M11.64M
Depreciation11.55M9.82M8.10M5.12M
OperatingGainsLosses-3.44M1.65M-6.22M-55.28M
GainLossOnInvestmentSecurities-821.00K1.65M-6.22M-55.28M
NetForeignCurrencyExchangeGainLoss8.00K-86.00K
NetIncomeFromContinuingOperations-150.71M-144.19M-128.83M-52.79M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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