INDI - indie Semiconductor, Inc.
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PRICE TARGET:
$4.75
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HIGH:
$4.75
LOW:
$4.75
MEDIAN:
$4.75
CONSENSUS:
$4.75
DOWNSIDE:
1.25%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 217.4 | 216.7 | 223.2 | 110.8 | 48.4 | 22.6 | 22.7 | 28.7 |
| Cost of Revenue | 129.8 | 126.4 | 278.3 | 60.5 | 28.7 | 13.0 | 35.9 | 19.1 |
| Gross Profit | 87.6 | 90.3 | (55.1) | 50.3 | 19.7 | 9.6 | (13.2) | 9.6 |
| Operating Expenses | ||||||||
| R&D Expenses | 154.1 | 175.1 | 154.5 | 121.2 | 58.1 | 22.0 | 20.2 | 13.5 |
| SG&A Expenses | 77.7 | 80.9 | 0 | 48.2 | 36.4 | 6.8 | 0 | 5.0 |
| Other Expenses | 0 | 4.3 | (74.2) | 0 | 0 | 0 | (14.5) | 0 |
| Operating Expenses | 231.8 | 260.4 | 80.3 | 169.4 | 94.5 | 28.8 | 5.7 | 18.4 |
| Operating Income | ||||||||
| Operating Income | (144.2) | (170.1) | (135.4) | (119.1) | (74.8) | (19.2) | (18.9) | (8.5) |
| Interest Expense | 17.6 | 9.3 | 8.7 | 1.7 | 1.2 | 2.2 | 0 | 0 |
| Interest Income | 7.3 | 4.6 | 7.8 | 2.6 | 0.0 | 0.0 | 2.5 | 1.8 |
| Profitability | ||||||||
| EBITDA | (102.0) | (93.9) | (89.9) | (35.7) | (111.7) | (93.5) | (14.9) | (6.7) |
| EBIT | (137.1) | (137.0) | (121.8) | (52.4) | (117.7) | (96.1) | (18.9) | (8.5) |
| Income Before Tax | (154.7) | (146.1) | (133.4) | (53.8) | (118.9) | (98.3) | (20.9) | (10.6) |
| Income Tax Expense | (3.0) | (1.9) | (4.5) | (1.0) | (0.3) | 0.0 | 0.0 | 0.0 |
| Net Income | (144.0) | (132.6) | (117.6) | (43.4) | (88.0) | (97.5) | (20.5) | (10.2) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.72 | -0.76 | -0.81 | -0.37 | -0.82 | -0.78 | -0.18 | -0.10 |
| EPS (Diluted) | -0.72 | -0.76 | -0.81 | -0.37 | -1.26 | -0.78 | -0.18 | -0.10 |
| Shares Outstanding | 199.3 | 175.0 | 145.2 | 118.7 | 107.3 | 125.0 | 111.1 | 106.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 155.7 | 274.2 | 151.7 | 321.6 | 219.1 | 18.7 | 0.5 | 24.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 57.5 | 52.0 | 72.1 | 26.4 | 13.8 | 6.0 | 4.6 | 5.1 |
| Inventory | 48.6 | 49.9 | 33.1 | 13.3 | 9.1 | 2.9 | 4.3 | 4.7 |
| Other Current Assets | 23.9 | 32.6 | 0 | 12.5 | 0.4 | 0 | (8.9) | 0 |
| Total Current Assets | 285.8 | 408.7 | 271.8 | 373.9 | 248.0 | 30.0 | 0.9 | 34.4 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 57.7 | 50.4 | 40.8 | 27.9 | 11.1 | 2.2 | 2.4 | 1.6 |
| Goodwill | 292.6 | 266.4 | 295.1 | 136.5 | 113.6 | 1.7 | 0 | 0 |
| Intangible Assets | 195.9 | 208.9 | 208.1 | 63.1 | 96.3 | 1.1 | 2.3 | 5.3 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 347.5 | 0 |
| Other Non-Current Assets | 8.8 | 6.9 | 3.1 | 2.0 | 0.3 | 0.2 | 0.2 | 0.2 |
| Total Non-Current Assets | 555.0 | 532.6 | 547.1 | 229.5 | 221.2 | 5.2 | 347.5 | 7.1 |
| Total Assets | 840.8 | 941.4 | 818.9 | 603.4 | 469.3 | 35.1 | 348.4 | 41.5 |
| Current Liabilities | ||||||||
| Account Payables | 23.1 | 28.3 | 18.4 | 14.2 | 5.4 | 4.6 | 4.7 | 3.0 |
| Short-Term Debt | 13.6 | 12.2 | 4.1 | 15.7 | 2.3 | 8.5 | 4.2 | 2.3 |
| Deferred Revenue | 0 | 8.6 | 6.9 | 11.1 | 7.4 | 3.9 | (8.9) | 0 |
| Other Current Liabilities | 31.3 | 21.7 | 100.2 | 7.1 | 14.6 | 105.1 | 22.4 | 2.3 |
| Total Current Liabilities | 77.8 | 84.9 | 138.9 | 64.0 | 33.7 | 122.2 | 23.4 | 8.0 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 352.9 | 369.1 | 156.7 | 155.7 | 5.6 | 12.3 | 14.8 | 18.0 |
| Deferred Tax Liabilities | 14.2 | 11.7 | 13.7 | 7.8 | 19.5 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.1 | 4.1 | 21.7 | 47.2 | 106.1 | 1.7 | (2.7) | 3.3 |
| Total Non-Current Liabilities | 380.2 | 411.1 | 203.0 | 225.1 | 143.7 | 14.4 | 12.1 | 21.3 |
| Total Liabilities | 458.1 | 496.0 | 341.9 | 289.0 | 177.4 | 136.6 | 35.5 | 29.4 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 347.5 | 41.5 |
| Retained Earnings | (638.0) | (494.0) | (361.4) | (243.8) | (200.4) | (153.3) | (34.6) | (31.3) |
| Accumulated Other Comprehensive Income | (3.9) | (24.7) | (6.2) | (12.0) | (1.4) | (0.2) | (0.2) | (0.2) |
| Total Stockholders' Equity | 356.8 | 417.9 | 446.1 | 312.8 | 313.0 | (110.3) | 312.9 | 10.5 |
| Total Liabilities & Equity | 840.8 | 941.4 | 818.9 | 603.4 | 469.3 | 35.1 | 348.4 | 41.5 |
| Debt Metrics | ||||||||
| Total Debt | 379.5 | 398.6 | 174.3 | 183.5 | 7.9 | 20.8 | 19.0 | 20.3 |
| Net Debt | 223.8 | 124.3 | 22.7 | (138.2) | (211.2) | 2.1 | 18.5 | (3.8) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (144.2) | (144.2) | (117.6) | (52.8) | (118.6) | (98.4) | (20.5) | (10.2) |
| Depreciation & Amortization | 43.1 | 43.1 | 34.6 | 16.8 | 6.0 | 2.7 | 4.2 | 1.8 |
| Stock-Based Compensation | 67.2 | 67.2 | 43.7 | 41.9 | 22.9 | 0 | 0 | 0 |
| Change in Working Capital | (12.2) | 1.1 | (58.1) | (18.1) | (9.2) | (4.4) | (1.3) | (5.6) |
| Other Non-Cash Items | (7.1) | (20.4) | (2.7) | (62.5) | 43.7 | 78.9 | 2.7 | (0.7) |
| Operating Cash Flow | (58.6) | (58.6) | (104.4) | (76.7) | (55.8) | (21.2) | (14.9) | (14.7) |
| Investing Activities | ||||||||
| Capital Expenditure | (14.3) | (14.3) | (12.8) | (7.6) | (4.1) | (0.8) | (1.7) | (0.8) |
| Acquisitions | (3.2) | (3.2) | (95.0) | (8.7) | (80.3) | 6.2 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (1.7) | (1.7) | 0 | 0 | 0 | (6.2) | (0.5) | (1.6) |
| Investing Cash Flow | (19.3) | (19.3) | (107.7) | (16.3) | (84.3) | (0.8) | (2.2) | (2.5) |
| Financing Activities | ||||||||
| Net Debt Issuance | (28.5) | 222.4 | (11.7) | 159.3 | (16.8) | 27.7 | (1.8) | 11.5 |
| Stock Repurchased | 0 | 0 | 0 | (7.4) | (0.9) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 237.8 | (32.9) | (10.2) | (18.0) | 353.3 | 5.8 | 1.9 | 27.8 |
| Financing Cash Flow | 209.3 | 209.3 | 43.6 | 192.7 | 340.6 | 33.5 | 0.1 | 39.3 |
| Cash Position | ||||||||
| Net Change in Cash | 132.9 | 132.9 | (170.2) | 102.4 | 200.8 | 11.5 | (17.0) | 22.1 |
| Cash at Beginning | 151.7 | 151.7 | 321.9 | 219.5 | 18.7 | 7.2 | 24.2 | 2.0 |
| Cash at End | 284.5 | 284.5 | 151.7 | 321.9 | 219.5 | 18.7 | 7.2 | 24.2 |
| Free Cash Flow | (72.9) | (72.9) | (117.1) | (84.3) | (59.9) | (22.0) | (16.5) | (15.6) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 217.4 | 216.7 | 223.2 | 110.8 | 48.4 | 22.6 | 22.7 | 28.7 |
| Gross Profit | 87.6 | 90.3 | (55.1) | 50.3 | 19.7 | 9.6 | (13.2) | 9.6 |
| Operating Income | (144.2) | (170.1) | (135.4) | (119.1) | (74.8) | (19.2) | (18.9) | (8.5) |
| Net Income | (144.0) | (132.6) | (117.6) | (43.4) | (88.0) | (97.5) | (20.5) | (10.2) |
| EPS (Diluted) | -0.72 | -0.76 | -0.81 | -0.37 | -1.26 | -0.78 | -0.18 | -0.10 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 155.7 | 274.2 | 151.7 | 321.6 | 219.1 | 18.7 | 0.5 | 24.2 |
| Total Assets | 840.8 | 941.4 | 818.9 | 603.4 | 469.3 | 35.1 | 348.4 | 41.5 |
| Total Debt | 379.5 | 398.6 | 174.3 | 183.5 | 7.9 | 20.8 | 19.0 | 20.3 |
| Stockholders' Equity | 356.8 | 417.9 | 446.1 | 312.8 | 313.0 | (110.3) | 312.9 | 10.5 |
| Cash Flow | ||||||||
| Operating Cash Flow | (58.6) | (58.6) | (104.4) | (76.7) | (55.8) | (21.2) | (14.9) | (14.7) |
| Capital Expenditure | (14.3) | (14.3) | (12.8) | (7.6) | (4.1) | (0.8) | (1.7) | (0.8) |
| Free Cash Flow | (72.9) | (72.9) | (117.1) | (84.3) | (59.9) | (22.0) | (16.5) | (15.6) |