Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data indie Semiconductor, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
22.6
48.4
111
223
217
217
Cost of revenue
13
28.7
60.5
134
126
131
Gross profit
9.57
19.7
50.3
89.6
90.3
86.6
Research and development
22
58.1
121
155
175
154
Selling, general and administrative
6.8
36.4
48.2
70.5
80.9
77.7
Operating income
-19.2
-74.8
-119
-135
-170
-154
Interest expense
2.19
1.24
1.69
8.65
9.26
17.6
Interest income
0.03
0.05
2.57
7.8
4.59
7.29
Other non-operating income
-79.1
-44.1
65.3
2.06
24
0.49
Pre-tax income
-98.3
-119
-53.8
-133
-146
-154
Income tax
0.03
-0.33
-1.04
-4.53
-1.92
-3.01
Net income to minority interests
-0.87
-30.6
-9.39
-11.2
-11.6
-7.65
Net income
-97.5
-88
-43.4
-118
-133
-143
EPS, basic
-3.12
-1.26
-0.37
-0.81
-0.76
-0.73
EPS, diluted
-3.12
-1.26
-0.37
-0.81
-0.76
-0.73
Shares, basic (weighted)
31.2
70
119
145
175
197
Shares, diluted (weighted)
31.2
70
119
145
175
197
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
18.7
219
322
152
274
145
Receivables
5.91
13.8
26.4
63.6
52
57.5
Inventory
2.9
9.08
13.3
33.1
49.9
48.6
Other current assets
2.47
5.65
12.3
23.4
22.3
23.9
Total current assets
30
248
374
272
409
286
Property, plant and equipment
2.17
11.1
15.8
27
34.3
43.3
Lease right-of-use assets
0
12.1
13.8
16.1
14.4
Goodwill
1.74
114
136
295
266
293
Intangible assets
1.09
96.3
63.1
208
209
196
Other non-current assets
0.15
0.27
2.02
3.07
6.94
8.75
Total assets
35.1
469
603
819
941
841
Accounts payable
4.55
5.44
14.2
18.4
28.3
21.8
Accrued liabilities
2.52
16.5
10.7
21.4
29.3
24.8
Deferred revenue
1.67
1.84
1.74
2.47
2.74
4.6
Short-term debt
8.49
2.28
15.7
4.11
12.2
13.6
Total current liabilities
122
33.7
64
139
84.9
76.5
Long-term debt
12.3
5.62
156
157
369
340
Lease liabilities
0
10.1
10.9
14.3
13
Other non-current liabilities
1.67
5.61
1.84
21.7
4.11
7.44
Total liabilities
137
177
289
342
496
457
Total debt
12.3
5.62
156
161
381
353
Paid-in capital
43.2
515
569
814
937
999
Retained earnings
-153
-200
-244
-361
-494
-637
Other comprehensive income
-0.21
-1.44
-12
-6.17
-24.7
-3.61
Shareholders' equity
-110
313
313
446
418
358
Minority interests
8.82
-21.2
1.52
30.9
27.5
26
Total equity
-101
292
314
477
445
384
Total liabilities and equity
35.1
469
603
819
941
841
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-98.4
-119
-52.8
-129
-144
-151
Stock-based compensation
0
22.9
41.9
43.7
67.2
65.1
Deferred income tax
0.01
-0.52
-2.08
-5.42
-3.92
-4.32
Change in receivables
-1.3
-4.48
-12.2
-32.2
9.59
-2.86
Change in inventory
0.77
-3.17
-4.3
-5.79
-17
2.52
Change in payables
-0.21
-2.48
7.42
-1.7
11
-7.74
Cash from operations
-21.2
-55.8
-76.7
-104
-58.6
-57.1
Capital expenditures
-0.64
-2.68
-7.57
-12.8
-14.3
-14.3
Acquisitions
0
-80.3
-8.71
-95
-3.2
-17.7
Cash from investing
-0.77
-84.3
-16.3
-108
-19.3
-32
Debt issued
6.11
0.78
162
1.15
230
2.41
Debt repaid
-4.18
-17.5
-2.16
-12.8
-7.97
-3.98
Stock issued
0
0
41.9
0
0
0.01
Share buybacks
0
0
-7.4
0
0
Cash from financing
33.5
341
193
43.6
209
-38.9
Exchange rate effect
0.06
0.27
2.77
-1.64
1.4
-0.77
Net change in cash
11.5
201
102
-170
133
-129
Free cash flow
-21.9
-58.5
-84.3
-117
-72.9
-71.4
Interest paid
1.48
1.23
0.38
7.42
7.44
15
Income taxes paid
0
0
0.67
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $3.02 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
37.8%
Gross profit / revenue.
Operating margin
-63.3%
Operating income / revenue.
Pre-tax margin
-70.3%
Pre-tax income / revenue.
Net margin
-64.8%
Net income / revenue.
FCF margin
-36.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-30.9%
Cash from operations / revenue.
Return on equity (ROE)
-50.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-17.8%
Net income / average total assets.
Return on invested capital (ROIC)
-20.2%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
64.8%
Research and development expense / revenue.
SG&A / revenue
35.4%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
30.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
5.3%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
0.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
25.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
57.2%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-4.1%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
19.9%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
55.4%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
-14.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
4.6%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-10.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
11.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
88.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
12.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
18.5%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
44.6%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.65x
Current assets / current liabilities.
Quick ratio
2.42x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.63x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.41x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
49.4%
Total debt / total assets.
Liabilities / assets
61.7%
Total liabilities / total assets.
Net debt
$277.1M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.71
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.09
Revenue / diluted weighted shares.
FCF per share
-$0.40
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.34
Cash from operations / diluted weighted shares.
Book value per share
$1.39
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
3.03x
Market cap / revenue.
P/B
2.38x
Market cap / shareholders' equity. Only when equity is positive.
EV/Sales
4.23x
Enterprise value / revenue.
FCF yield
-12.0%
Free cash flow / market cap.
Earnings yield
-21.4%
Net income / market cap (the inverse of P/E).
What was indie Semiconductor, Inc.'s revenue in fiscal 2025?
indie Semiconductor, Inc. reported revenue of $217.4M for fiscal 2025, 0.3% higher than the year before.
Was indie Semiconductor, Inc. profitable in fiscal 2025?
No. It reported a net loss of $143.1M.
How much free cash flow did indie Semiconductor, Inc. generate in fiscal 2025?
Cash from operations of $57.1M minus capital expenditures of $14.3M left free cash flow of -$71.4M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.