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indie Semiconductor, Inc.

INDITechnologyNASDAQ

Semiconductors

PriceMA150MA200
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Financials · Annual
Revenue
$217.4M
+0.3% YoY
Net Income
-$143.1M
-7.9% YoY
EBITDA
-$94.2M
-0.3% YoY
Free Cash Flow
-$1.7M

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About indie Semiconductor, Inc.

indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicles, connected car, user experience, and electrification applications. The $1.05B market capitalization puts INDI squarely in small-cap range for its industry. It designs, develops, manufactures, and markets integrated circuits.

Key stats
Market Cap$1.05B
Fwd P/E34.77
EPS$-0.76
Beta2.73
52W Change+91.2%
ROE-41.2%
Analysis

The company holds $174.4M in cash, though total debt stands at $430.9M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$1.7M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -41.2% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $110.8M (2022) to $217.4M (2025), reflecting a 96% increase over the period.

A beta of 2.73 means INDI is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence indie Semiconductor, Inc.'s trajectory.

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