INDI Chart
About

indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, driver automation, in-cabin, connected car, and electrification applications. 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. In addition, it designs, manufactures, and integrates photonic components on various technology platforms, including fiber Bragg gratings, low-noise lasers, athermal and tunable packaging, and low-noise and high-speed electronics. It provides solutions in the United States, Greater China, Europe, South Korea, rest of North America, rest of the Asia Pacific, and South America. The company was founded in 2007 and is headquartered in Aliso Viejo, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Semiconductors Market Cap 759.79M
Enterprise Value 993.08M Income -144.46M Sales 217.40M
Book/sh 1.83 Cash/sh 0.79 Dividend Yield —
Payout 0.00% Employees 920 IPO —
P/E — Forward P/E -79.31 PEG —
P/S 3.49 P/B 2.05 P/C —
EV/EBITDA -9.41 EV/Sales 4.57 Quick Ratio 2.85
Current Ratio 3.75 Debt/Eq 94.28 LT Debt/Eq —
EPS (ttm) -0.75 EPS next Y -0.05 EPS Growth —
Revenue Growth -0.50% Earnings 2026-02-19 ROA -10.96%
ROE -34.90% ROIC — Gross Margin -30.64%
Oper. Margin -69.15% Profit Margin -66.45% Shs Outstand 202.61M
Shs Float 199.75M Short Float 28.53% Short Ratio 18.31
Short Interest — 52W High 6.05 52W Low 1.53
Beta 2.54 Avg Volume 2.90M Volume 3.10M
Target Price $6.14 Recom None Prev Close $3.70
Price $3.75 Change 1.35%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.14
Mean price target
2. Current target
$3.75
Latest analyst target
3. DCF / Fair value
$-1.61
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.75
Low
$5.00
High
$8.00
Mean
$6.14

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 Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems325.04K138.74K1.24M-118.21K
TaxRateForCalcs0.010.030.020.00
NormalizedEBITDA-118.64M-94.24M-100.21M-68.73M
TotalUnusualItems24.71M4.08M64.54M-42.99M
TotalUnusualItemsExcludingGoodwill24.71M4.08M64.54M-42.99M
NetIncomeFromContinuingOperationNetMinorityInterest-132.60M-117.62M-43.40M-88.04M
ReconciledDepreciation43.06M34.59M16.76M5.97M
ReconciledCostOfRevenue126.37M133.61M60.49M28.70M
EBITDA-93.94M-90.16M-35.67M-111.73M
EBIT-137.00M-124.74M-52.43M-117.69M
NetInterestIncome-4.67M-849.00K875.00K-1.19M
InterestExpense9.11M8.62M1.39M1.24M
InterestIncome4.59M7.80M2.57M49.00K
NormalizedIncome-156.99M-121.57M-106.70M-45.17M
NetIncomeFromContinuingAndDiscontinuedOperation-132.60M-117.62M-43.40M-88.04M
TotalExpenses382.43M358.59M229.93M123.20M
TotalOperatingIncomeAsReported-170.08M-135.42M-119.13M-74.79M
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-132.60M-117.62M-43.40M-88.04M
NetIncomeCommonStockholders-132.60M-117.62M-43.40M-88.04M
NetIncome-132.60M-117.62M-43.40M-88.04M
MinorityInterests11.58M11.21M9.39M30.56M
NetIncomeIncludingNoncontrollingInterests-144.19M-128.83M-52.79M-118.61M
NetIncomeContinuousOperations-144.19M-128.83M-52.79M-118.61M
TaxProvision-1.92M-4.53M-1.03M-327.00K
PretaxIncome-146.11M-133.37M-53.82M-118.93M
OtherIncomeExpense24.31M2.91M64.43M-42.95M
OtherNonOperatingIncomeExpenses-400.00K-1.18M-107.00K42.00K
SpecialIncomeCharges24.71M-2.98M9.47M-38.53M
OtherSpecialCharges-304.00K
RestructuringAndMergernAcquisition-24.71M2.98M-9.47M38.84M
GainOnSaleOfSecurity7.07M55.07M-4.46M
NetNonOperatingInterestIncomeExpense-4.67M-849.00K875.00K-1.19M
TotalOtherFinanceCost146.00K25.00K301.00K
InterestExpenseNonOperating9.11M8.62M1.39M1.24M
InterestIncomeNonOperating4.59M7.80M2.57M49.00K
OperatingIncome-165.75M-135.42M-119.13M-74.79M
OperatingExpense256.06M224.99M169.43M94.50M
ResearchAndDevelopment175.11M154.51M121.20M58.12M
SellingGeneralAndAdministration80.94M70.48M48.24M36.38M
GrossProfit90.31M89.56M50.31M19.71M
CostOfRevenue126.37M133.61M60.49M28.70M
TotalRevenue216.68M223.17M110.80M48.41M
OperatingRevenue216.68M223.17M110.80M48.41M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber189.16M163.19M126.82M108.18M
ShareIssued189.16M163.19M126.82M108.18M
NetDebt107.07M9.16M
TotalDebt398.58M174.34M183.47M7.89M
TangibleBookValue-57.43M-57.08M113.23M103.19M
InvestedCapital799.20M606.99M484.21M320.94M
WorkingCapital323.87M132.94M309.90M214.32M
NetTangibleAssets-57.43M-57.08M113.23M103.19M
CapitalLeaseObligations17.26M13.50M12.07M0.00
CommonStockEquity417.89M446.15M312.81M313.05M
TotalCapitalization786.98M602.88M468.51M318.66M
TotalEquityGrossMinorityInterest445.39M477.02M314.33M291.86M
MinorityInterest27.51M30.88M1.52M-21.19M
StockholdersEquity417.89M446.15M312.81M313.05M
GainsLossesNotAffectingRetainedEarnings-24.66M-6.17M-11.95M-1.44M
OtherEquityAdjustments-24.66M-6.17M-11.95M-1.44M
RetainedEarnings-494.04M-361.44M-243.82M-200.42M
AdditionalPaidInCapital936.56M813.74M568.56M514.89M
CapitalStock21.00K18.00K15.00K14.00K
CommonStock21.00K18.00K15.00K14.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest495.99M341.85M289.02M177.40M
TotalNonCurrentLiabilitiesNetMinorityInterest411.11M202.98M225.06M143.68M
OtherNonCurrentLiabilities4.11M21.70M1.84M5.61M
DerivativeProductLiabilities0.0045.40M100.47M
NonCurrentDeferredLiabilities23.62M13.70M12.00M31.98M
NonCurrentDeferredRevenue11.96M0.004.18M12.45M
NonCurrentDeferredTaxesLiabilities11.66M13.70M7.82M19.53M
LongTermDebtAndCapitalLeaseObligation383.38M167.59M165.81M5.62M
LongTermCapitalLeaseObligation14.28M10.85M10.12M0.00
LongTermDebt369.10M156.74M155.70M5.62M
CurrentLiabilities84.88M138.88M63.96M33.72M
OtherCurrentLiabilities14.67M92.27M7.09M13.79M
CurrentDeferredLiabilities15.66M11.24M11.12M8.19M
CurrentDeferredRevenue8.61M6.90M11.12M7.36M
CurrentDebtAndCapitalLeaseObligation15.20M6.76M17.66M2.27M
CurrentCapitalLeaseObligation2.98M2.65M1.96M0.00
CurrentDebt12.22M4.11M15.70M2.27M
OtherCurrentBorrowings12.22M4.11M15.70M2.27M
PayablesAndAccruedExpenses39.35M28.61M28.10M9.46M
CurrentAccruedExpenses7.91M8.53M12.98M4.02M
InterestPayable1.68M1.12M900.00K0.00
Payables31.44M20.08M15.11M5.44M
TotalTaxPayable3.11M1.67M926.00K
AccountsPayable28.33M18.41M14.19M5.44M
TotalAssets941.39M818.88M603.35M469.25M
TotalNonCurrentAssets532.64M547.06M229.49M221.22M
OtherNonCurrentAssets6.94M3.07M2.02M270.00K
GoodwillAndOtherIntangibleAssets475.31M503.23M199.58M209.86M
OtherIntangibleAssets208.94M208.13M63.12M96.28M
Goodwill266.37M295.10M136.46M113.57M
NetPPE50.39M40.76M27.88M11.09M
AccumulatedDepreciation-21.14M-14.65M-9.12M-6.10M
GrossPPE71.53M55.41M37.00M17.19M
Leases1.92M1.90M1.22M395.00K
ConstructionInProgress7.60M3.87M1.76M256.00K
OtherProperties51.85M43.10M29.29M14.65M
MachineryFurnitureEquipment10.16M6.54M4.74M1.89M
Properties0.000.000.000.00
CurrentAssets408.75M271.82M373.87M248.03M
OtherCurrentAssets22.31M23.40M12.29M5.65M
RestrictedCash10.30M0.00250.00K383.00K
PrepaidAssets5.65M
Inventory49.89M33.14M13.26M9.08M
InventoriesAdjustmentsAllowances-4.58M-2.54M-1.79M-1.75M
FinishedGoods18.74M15.90M2.48M2.15M
WorkInProcess21.23M12.42M6.85M6.30M
RawMaterials14.50M7.36M5.72M2.38M
Receivables52.01M63.60M26.44M13.84M
AccountsReceivable52.01M63.60M26.44M13.84M
AllowanceForDoubtfulAccountsReceivable-1.97M-192.00K-46.00K-27.00K
GrossAccountsReceivable53.98M63.79M26.49M13.87M
CashCashEquivalentsAndShortTermInvestments274.25M151.68M321.63M219.08M
CashAndCashEquivalents274.25M151.68M321.63M219.08M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-74.66M-117.14M-84.31M-59.89M
RepurchaseOfCapitalStock0.000.00-7.40M-900.00K
RepaymentOfDebt-7.96M-12.83M-2.16M-17.54M
IssuanceOfDebt230.36M1.15M161.51M775.00K
IssuanceOfCapitalStock19.85M53.14M59.06M5.00M
CapitalExpenditure-16.06M-12.75M-7.57M-4.07M
InterestPaidSupplementalData7.43M7.42M376.00K1.23M
EndCashPosition284.55M151.68M321.88M219.46M
BeginningCashPosition151.68M321.88M219.46M18.70M
EffectOfExchangeRateChanges1.40M-1.64M2.77M265.00K
ChangesInCash131.47M-168.56M99.64M200.50M
FinancingCashFlow209.33M43.57M192.66M340.65M
CashFlowFromContinuingFinancingActivities209.33M43.57M192.66M340.65M
NetOtherFinancingCharges-32.96M-10.26M-18.45M353.25M
ProceedsFromStockOptionExercised53.00K12.38M103.00K66.00K
NetCommonStockIssuance19.85M53.14M51.66M4.10M
CommonStockPayments0.000.00-7.40M-900.00K
CommonStockIssuance19.85M53.14M59.06M5.00M
NetIssuancePaymentsOfDebt222.40M-11.68M159.35M-16.77M
NetLongTermDebtIssuance222.40M-11.68M159.35M-16.77M
LongTermDebtPayments-7.96M-12.83M-2.16M-17.54M
LongTermDebtIssuance230.36M1.15M161.51M775.00K
InvestingCashFlow-19.26M-107.74M-16.27M-84.33M
CashFlowFromContinuingInvestingActivities-19.26M-107.74M-16.27M-84.33M
NetBusinessPurchaseAndSale-3.20M-94.99M-8.71M-80.26M
PurchaseOfBusiness-3.20M-94.99M-8.71M-80.26M
NetIntangiblesPurchaseAndSale-1.72M0.000.00-1.39M
PurchaseOfIntangibles-1.72M0.000.00-1.39M
NetPPEPurchaseAndSale-14.34M-12.75M-7.57M-2.68M
PurchaseOfPPE-14.34M-12.75M-7.57M-2.68M
OperatingCashFlow-58.60M-104.39M-76.75M-55.82M
CashFlowFromContinuingOperatingActivities-58.60M-104.39M-76.75M-55.82M
ChangeInWorkingCapital1.08M-58.15M-18.09M-9.24M
ChangeInOtherWorkingCapital91.00K-301.00K-837.00K
ChangeInOtherCurrentLiabilities-6.75M-4.40M-2.77M45.00K
ChangeInPayablesAndAccruedExpense14.24M-5.47M9.31M2.91M
ChangeInAccruedExpense3.25M-3.77M1.89M5.38M
ChangeInPayable10.99M-1.70M7.42M-2.48M
ChangeInAccountPayable10.99M-1.70M7.42M-2.48M
ChangeInPrepaidAssets963.00K-10.30M-8.18M-3.71M
ChangeInInventory-16.97M-5.79M-4.30M-3.17M
ChangeInReceivables9.59M-32.20M-12.16M-4.48M
ChangesInAccountReceivables9.59M-32.20M-12.16M-4.48M
OtherNonCashItems-26.97M13.82M-8.82M17.90M
StockBasedCompensation67.24M43.71M41.88M22.91M
ProvisionandWriteOffofAssets3.89M892.00K1.59M15.00K
AssetImpairmentCharge998.00K0.000.0015.00K
DeferredTax-5.37M-4.20M-2.00M-516.00K
DeferredIncomeTax-5.37M-4.20M-2.00M-516.00K
DepreciationAmortizationDepletion43.06M34.59M16.76M5.97M
DepreciationAndAmortization43.06M34.59M16.76M5.97M
AmortizationCashFlow33.24M26.48M11.64M4.77M
AmortizationOfIntangibles33.24M26.48M11.64M4.77M
Depreciation9.82M8.10M5.12M1.20M
OperatingGainsLosses1.65M-6.22M-55.28M25.76M
GainLossOnInvestmentSecurities1.65M-6.22M-55.28M26.06M
NetForeignCurrencyExchangeGainLoss8.00K-86.00K
NetIncomeFromContinuingOperations-144.19M-128.83M-52.79M-118.61M
SEC Filings

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

Public Trades for INDI
Date User Asset Broker Type Position Size Entry Price Patterns