INDI
indie Semiconductor, Inc.
INDI lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
INDI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Weak | |
| Unavailable |
INDI's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
INDI PE Valuation
INDI has no meaningful PE right now: it lost money over the past year.
INDI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect INDI's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
INDI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.72 | +$0.03 |
| Q2 2026 | -$0.73 | +$0.11 |
| Q1 2026 | -$0.76 | -$0.01 |
| Q4 2025 | -$0.73 | +$0.03 |
| Q3 2025 | -$0.75 | -$0.12 |
| Q2 2025 | -$0.84 | -$0.37 |
| Q1 2025 | -$0.75 | -$0.30 |
| Q4 2024 | -$0.76 | +$0.05 |
INDI is still losing money, but less than at its worst: $0.72 per share over the past year, against $1.29 at its worst in late 2021.
INDI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $70.2M | +31% |
| Q2 2026 | $64M | +24% |
| Q1 2026 | $55.5M | +2.6% |
| Q4 2025 | $58M | 0% |
| Q3 2025 | $53.7M | -0.5% |
| Q2 2025 | $51.6M | -1.4% |
| Q1 2025 | $54.1M | +3.3% |
| Q4 2024 | $58M | -17% |
INDI's revenue is growing: $70M last quarter, up 31% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -56% | +16 points |
| Q2 2026 | -55% | +29 points |
| Q1 2026 | -70% | +1.9 points |
| Q4 2025 | -59% | -0.1 points |
| Q3 2025 | -71% | +21 points |
| Q2 2025 | -83% | -13 points |
| Q1 2025 | -72% | +23 points |
| Q4 2024 | -58% | -28 points |
INDI's operating margin was −56% last quarter, up 16 points from the same quarter a year ago.
INDI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$23.1M | -$12.8M |
| Q2 2026 | -$32M | -$18.4M |
| Q1 2026 | -$25.3M | +$6M |
| Q4 2025 | -$16.1M | -$7.5M |
| Q3 2025 | -$10.3M | +$19M |
| Q2 2025 | -$13.6M | +$9.8M |
| Q1 2025 | -$31.4M | -$19.7M |
| Q4 2024 | -$8.6M | +$12M |
INDI has burned cash in almost every quarter: −$97M over the past year, against −$64M the year before.
INDI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.4% | +7.3M shares |
| 1 year | +10% | +20M shares |
| 3 years | +54% | +77.3M shares |
| 5 years | +116% | +118M shares |
| Available history | +98% | +108M shares |
INDI has 219M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | $7.4M |
| Q3 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
INDI Net Leverage
INDI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
INDI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.6 | Neutral |
| Stochastic | 12.5 | Oversold |
INDI's weekly RSI is 40 (neutral) and its Stochastic is 13 (oversold).
INDI PE vs Technology Sector
INDI has no meaningful PE right now: it lost money over the past year.
INDI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.21 | 1.4% below |
| 20 week MA | $3.18 | 31% below |
| 50 week MA | $3.56 | 39% below |
| 100 week MA | $3.59 | 39% below |
| 200 week MA | $5.22 | 58% below |
INDI is in a downtrend: it's below all five of its weekly moving averages, and 58% below its 200-week average.
INDI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.88 | $12.9 | +30% |
| 2021 | $12.9 | $11.6 | -9.7% |
| 2022 | $11.6 | $6.21 | -46% |
| 2023 | $6.21 | $8.11 | +31% |
| 2024 | $8.11 | $4.34 | -46% |
| 2025 | $4.34 | $3.74 | -14% |
| 2026 YTD | $3.74 | $2.18 | -42% |
INDI has finished lower in four of the last six years. It's down 42% so far in 2026.