indie Semiconductor, Inc. (INDI) Income Statement
INDI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsINDI revenue and net income
Where INDI's revenue goes
2025Each bar shows an amount and its share of revenue. INDI kept −66.2% of revenue as net income.
INDI profit margins
INDI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.3% | +25.2% | +57.2% | — |
| Gross profit | −3.0% | +20.3% | +55.7% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
INDI quarterly EPS vs estimates
indie Semiconductor beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.13).
INDI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $217.4M | $216.7M | $223.2M | $110.8M | $48.4M | $22.6M | $22.7M | $28.7M |
| Cost of revenue | $129.8M | $126.4M | $278.3M | $60.5M | $28.7M | $13.0M | $35.9M | $19.1M |
| Gross profit | $87.6M | $90.3M | −$55.1M | $50.3M | $19.7M | $9.6M | −$13.2M | $9.6M |
| Research & development | $154.1M | $175.1M | $154.5M | $121.2M | $58.1M | $22.0M | $20.2M | $13.5M |
| Sales, general & admin | $77.7M | $80.9M | $68.1M | $47.9M | $36.0M | $6.8M | — | — |
| Total operating expenses | $231.8M | $260.4M | $80.3M | $169.4M | $94.5M | $28.8M | $5.7M | $18.4M |
| Operating income | −$144.2M | −$170.1M | −$135.4M | −$119.1M | −$74.8M | −$19.2M | −$18.9M | −$8.5M |
| Interest income | $7.3M | $4.6M | $7.9M | $2.6M | $49,000 | $2.1M | $2.5M | — |
| Interest expense | $17.6M | $9.3M | $8.7M | $1.7M | $1.2M | $2.2M | $0 | $0 |
| Income before taxes | −$154.7M | −$146.1M | −$133.4M | −$53.8M | −$118.9M | −$98.3M | −$20.9M | −$10.6M |
| Income taxes | −$3.0M | −$1.9M | −$4.5M | −$1.0M | −$327,000 | $29,000 | $11,000 | $3,000 |
| Net income | −$144.0M | −$132.6M | −$117.6M | −$43.4M | −$88.0M | −$97.5M | −$20.5M | −$10.2M |
| EBITDA | −$93.5M | −$93.9M | −$87.2M | −$35.7M | −$111.7M | −$93.5M | −$14.9M | −$6.7M |
| EPS (diluted) | −$0.39 | −$0.35 | −$0.29 | −$0.42 | −$0.40 | −$0.23 | $0.02 | — |
| Gross margin | 40.3% | 41.7% | −24.7% | 45.4% | 40.7% | 42.3% | −58.1% | 33.5% |
| Operating margin | −66.3% | −78.5% | −60.7% | −107.5% | −154.5% | −85.1% | −83.3% | −29.5% |
| Net margin | −66.2% | −61.2% | −52.7% | −39.2% | −181.9% | −431.2% | −90.1% | −35.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $64.0M | $55.5M | $58.0M | $53.7M | $51.6M | $54.1M | $58.0M | $54.0M | $52.4M | $52.4M | $70.1M | $60.5M |
| Cost of revenue | $40.9M | $34.4M | $36.0M | $70.2M | $30.7M | $31.5M | $33.3M | $32.7M | $30.2M | $30.1M | $72.0M | $35.2M |
| Gross profit | $23.1M | $21.1M | $22.1M | −$16.5M | $20.9M | $22.5M | $24.7M | $21.2M | $22.1M | $22.3M | −$1.9M | $25.3M |
| Research & development | $37.8M | $38.5M | $35.5M | $38.0M | $38.5M | $42.1M | $38.3M | $46.0M | $41.3M | $49.6M | $34.3M | $41.6M |
| Sales, general & admin | $20.4M | $21.4M | $19.2M | $20.8M | $18.4M | $19.4M | $17.3M | $20.8M | $17.4M | $22.3M | $18.6M | $19.8M |
| Total operating expenses | $58.2M | $59.9M | $54.7M | $21.9M | $63.9M | $61.5M | $58.6M | $71.1M | $58.7M | $71.9M | $19.7M | $61.4M |
| Operating income | −$35.1M | −$38.9M | −$32.6M | −$38.3M | −$43.0M | −$38.9M | −$33.9M | −$49.9M | −$36.6M | −$49.6M | −$21.6M | −$36.1M |
| Interest income | $1.2M | $873,000 | $1.1M | $1.7M | $2.2M | $2.3M | $1.2M | $994,000 | $1.1M | $1.3M | $1.7M | $1.9M |
| Interest expense | $4.7M | $4.3M | $4.3M | $4.3M | $4.5M | $4.5M | $2.8M | $2.2M | $2.1M | $2.1M | $2.1M | $2.2M |
| Income before taxes | −$39.4M | −$47.4M | −$35.5M | −$41.1M | −$41.1M | −$37.1M | −$35.0M | −$54.9M | −$20.9M | −$35.3M | −$16.4M | −$18.0M |
| Income taxes | −$448,000 | −$319,000 | −$3.3M | −$363,000 | $565,000 | $56,000 | −$584,000 | −$315,000 | $86,000 | −$1.1M | −$1.8M | $650,000 |
| Net income | −$37.1M | −$43.2M | −$32.1M | −$38.3M | −$39.0M | −$34.5M | −$32.6M | −$49.7M | −$19.2M | −$31.2M | −$14.7M | −$17.1M |
| EBITDA | −$22.7M | −$31.1M | −$20.5M | −$25.6M | −$25.3M | −$22.1M | −$22.6M | −$40.2M | −$8.3M | −$22.9M | −$7.9M | −$4.7M |
| EPS (diluted) | −$0.13 | −$0.06 | −$0.07 | −$0.07 | −$0.16 | −$0.09 | −$0.07 | −$0.09 | −$0.09 | −$0.10 | −$0.01 | −$0.08 |
| Gross margin | 36.1% | 38.0% | 38.0% | −30.7% | 40.6% | 41.7% | 42.6% | 39.3% | 42.2% | 42.5% | −2.7% | 41.8% |
| Operating margin | −54.8% | −70.1% | −56.2% | −71.4% | −83.3% | −72.0% | −58.4% | −92.5% | −70.0% | −94.8% | −30.8% | −59.8% |
| Net margin | −57.9% | −77.9% | −55.3% | −71.3% | −75.6% | −63.9% | −56.2% | −92.1% | −36.6% | −59.6% | −20.9% | −28.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in INDI's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
INDI financial results
In fiscal year 2025 (ended December 31, 2025), indie Semiconductor reported revenue of $217.4 million, up 0.3% from the year before. It had a net loss of $144.0 million, a net profit margin of −66.2%. Diluted earnings per share came to −$0.39. Over five years revenue grew at an average rate of 57.2% a year.
See the INDI stock overview for the latest quote and news, or the INDI chart for price history and technical indicators.
INDI income statement FAQ
What is indie Semiconductor's annual revenue?
indie Semiconductor reported total revenue of $217.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 0.3% from $216.7 million the previous year.
Is indie Semiconductor profitable?
No. indie Semiconductor reported a net loss of $144.0 million in fiscal 2025, a net profit margin of −66.2%; its operating margin was −66.3%.
What is indie Semiconductor's gross margin?
indie Semiconductor's gross margin was 40.3% in fiscal 2025: for every $100 of revenue, indie Semiconductor kept $40 after the direct cost of its products and services.
How much does indie Semiconductor spend on research and development?
indie Semiconductor spent $154.1 million on research and development in fiscal 2025, 70.9% of revenue.
How fast is indie Semiconductor growing?
Revenue grew 57.2% a year on average over the last five fiscal years, from $22.6 million to $217.4 million.
What are indie Semiconductor's earnings per share?
indie Semiconductor earned $-0.39 per diluted share in fiscal 2025, compared with $-0.35 a year earlier.
When will indie Semiconductor report its next earnings?
indie Semiconductor is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does indie Semiconductor's fiscal year end?
indie Semiconductor's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.