INDINasdaqSemiconductors & Related DevicesFiscal year ends December 31
indie Semiconductor, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$1.87+0.05 (+2.75%)
Close on Oct 19, 2026
- Market cap
- $396.46M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
39.9%−2.5 pts over 5 years
Operating margin
-70.9%+14.2 pts over 5 years
Net margin
-65.8%+365.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.3% | +25.2% | +57.2% | – | |
| Gross profit | -4.1% | +19.9% | +55.4% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -36.9% | |
| Return on assets | – | – | -16.1% | |
| Current ratio | – | 0.25 | 3.73 | |
| Debt to equity | – | -0.19 | 0.99 | |
| Interest coverage | – | -8.8× | -8.7× | |
| Inventory turnover | – | – | 2.7× | |
| Capex to revenue | – | 2.8% | 6.6% | |
| Diluted shares | – | 31M | 197M |
Where the cash went
Fiscal 2021 to 2025, five years combined
indie Semiconductor generated $352.68M from operations and spent $59.04M on capital expenditure, dividends and share buybacks. 87% of that went back into the business.
Generated
$352.68M
Used
$59.04M
Capital expenditure$51.63M87%Dividends$00%Share buybacks$7.40M13%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-65.8%
×Asset turnover0.24×
×Equity multiplier2.30×
=Return on equity, FY2025-36.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -65.8% | 0.24× | 2.30× | -36.9% |
| FY2024 | -61.2% | 0.25× | 2.04× | -30.7% |
| FY2023 | -52.7% | 0.31× | 1.87× | -31.0% |
| FY2022 | -39.2% | 0.21× | 1.71× | -13.9% |
| FY2021 | -181.9% | 0.19× | 2.49× | -86.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$143.07M
- Cash generatingOperating cash flow above zero-$57.13M
- Return on assets improvedROA up on the prior year-16.2% → -15.2%
- Earnings backed by cashOperating cash flow above net income-$57.13M vs -$143.07M
- Less leverageLong-term debt to assets fell39.2% → 40.4%
- Better liquidityCurrent ratio rose4.82 → 3.73
- No dilutionShare count did not rise175M → 197M
- Gross margin improvedGross margin up on the prior year41.68% → 39.85%
- More efficientAsset turnover rose0.26 → 0.23