indie Semiconductor (INDI) Financials

$2.00 -0.08 (-3.85%)

Closing price 04/14/2025 04:00 PM Eastern

Extended Trading

$2.02 +0.02 (+1.00%)

As of 09:22 AM Eastern

Annual Income Statements for indie Semiconductor

This table shows indie Semiconductor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-43	-118	-133
Consolidated Net Income / (Loss)	-53	-129	-144
Net Income / (Loss) Continuing Operations	-53	-129	-144
Total Pre-Tax Income	-54	-133	-146
Total Operating Income	-119	-135	-170
Total Gross Profit	50	90	90
Total Revenue	111	223	217
Operating Revenue	111	223	217
Total Cost of Revenue	60	134	126
Operating Cost of Revenue	60	134	126
Total Operating Expenses	169	225	260
Selling, General & Admin Expense	48	70	81
Research & Development Expense	121	155	175
Restructuring Charge	0.00	0.00	4.33
Total Other Income / (Expense), net	65	2.06	24
Interest Expense	1.69	8.65	9.26
Interest & Investment Income	2.57	7.80	4.59
Other Income / (Expense), net	64	2.91	29
Income Tax Expense	-1.04	-4.53	-1.92
Net Income / (Loss) Attributable to Noncontrolling Interest	-9.39	-11	-12
Basic Earnings per Share	($0.37)	($0.81)	($0.76)
Weighted Average Basic Shares Outstanding	118.66M	145.19M	175.03M
Diluted Earnings per Share	($0.37)	($0.81)	($0.76)
Weighted Average Diluted Shares Outstanding	118.66M	145.19M	175.03M
Weighted Average Basic & Diluted Shares Outstanding	160.16M	183.22M	208.49M

This table shows indie Semiconductor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-38	-12	-73	-13	-17	-15	-31	-19	-50	-33
Consolidated Net Income / (Loss)	-45	-16	-82	-14	-19	-15	-34	-21	-55	-34
Net Income / (Loss) Continuing Operations	-45	-16	-82	-14	-19	-15	-34	-21	-55	-34
Total Pre-Tax Income	-45	-16	-86	-13	-18	-16	-35	-21	-55	-35
Total Operating Income	-26	-29	-37	-41	-36	-22	-50	-37	-50	-34
Total Gross Profit	15	17	16	20	25	28	22	22	21	25
Total Revenue	30	33	40	52	60	70	52	52	54	58
Operating Revenue	30	33	40	52	60	70	52	52	54	58
Total Cost of Revenue	15	16	24	32	35	42	30	30	33	33
Operating Cost of Revenue	15	16	24	32	35	42	30	30	33	33
Total Operating Expenses	41	46	53	61	61	49	72	59	71	59
Selling, General & Admin Expense	11	13	17	19	20	15	22	17	21	20
Research & Development Expense	30	33	37	42	42	34	50	41	46	38
Total Other Income / (Expense), net	-19	13	-49	28	18	5.13	14	16	-5.01	-1.06
Interest Expense	0.17	1.20	2.15	2.14	2.24	2.12	2.11	2.13	2.18	2.84
Interest & Investment Income	0.61	1.75	2.42	1.87	1.86	1.65	1.31	1.08	0.99	1.21
Other Income / (Expense), net	-19	12	-49	28	19	5.59	15	17	-3.82	0.57
Income Tax Expense	0.86	-0.37	-3.71	0.34	0.65	-1.82	-1.11	0.09	-0.32	-0.58
Net Income / (Loss) Attributable to Noncontrolling Interest	-7.83	-3.37	-9.22	-0.44	-1.58	0.03	-3.04	-1.84	-4.91	-1.79
Basic Earnings per Share	($0.31)	($0.12)	($0.55)	($0.09)	($0.12)	($0.05)	($0.19)	($0.11)	($0.28)	($0.18)
Weighted Average Basic Shares Outstanding	120.51M	118.66M	131.49M	141.97M	146.96M	145.19M	164.60M	170.16M	179.49M	175.03M
Diluted Earnings per Share	($0.31)	($0.09)	($0.55)	($0.09)	($0.12)	($0.05)	($0.19)	($0.11)	($0.28)	($0.18)
Weighted Average Diluted Shares Outstanding	120.51M	118.66M	131.49M	141.97M	146.96M	145.19M	164.60M	170.16M	179.49M	175.03M
Weighted Average Basic & Diluted Shares Outstanding	148.48M	160.16M	161.40M	164.79M	180.30M	183.22M	186.76M	197.42M	201.92M	208.49M

This table details how cash moves in and out of indie Semiconductor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	102	-170	133
Net Cash From Operating Activities	-77	-104	-59
Net Cash From Continuing Operating Activities	-77	-104	-59
Net Income / (Loss) Continuing Operations	-53	-129	-144
Consolidated Net Income / (Loss)	-53	-129	-144
Depreciation Expense	15	32	40
Amortization Expense	2.37	14	5.36
Non-Cash Adjustments To Reconcile Net Income	-12	38	74
Changes in Operating Assets and Liabilities, net	-30	-59	-33
Net Cash From Investing Activities	-16	-108	-19
Net Cash From Continuing Investing Activities	-16	-108	-19
Purchase of Property, Plant & Equipment	-7.57	-13	-14
Acquisitions	-8.71	-95	-4.92
Net Cash From Financing Activities	193	44	209
Net Cash From Continuing Financing Activities	193	44	209
Repayment of Debt	-7.53	-13	-8.63
Repurchase of Common Equity	-7.44	0.00	0.00
Issuance of Debt	162	1.15	230
Issuance of Common Equity	59	52	19
Other Financing Activities, net	-13	3.25	-32
Effect of Exchange Rate Changes	2.77	-1.64	1.40
Cash Interest Paid	0.38	7.42	7.44

This table details how cash moves in and out of indie Semiconductor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-13	171	-114	-27	-20	-8.97	-3.50	-26	-15	177
Net Cash From Operating Activities	-22	-18	-33	-40	-15	-16	-9.35	-20	-23	-6.72
Net Cash From Continuing Operating Activities	-22	-18	-33	-40	-15	-16	-9.35	-20	-23	-6.72
Net Income / (Loss) Continuing Operations	-45	-16	-82	-14	-19	-15	-34	-21	-55	-34
Consolidated Net Income / (Loss)	-45	-16	-82	-14	-19	-15	-34	-21	-55	-34
Depreciation Expense	0.80	3.64	6.04	10	10	5.37	9.55	9.61	12	8.91
Amortization Expense	0.42	0.68	3.32	3.70	0.96	5.58	1.07	1.10	1.49	1.70
Non-Cash Adjustments To Reconcile Net Income	29	5.17	59	-12	-2.45	-5.57	26	13	21	13
Changes in Operating Assets and Liabilities, net	-6.94	-12	-19	-28	-4.98	-7.16	-12	-22	-2.48	3.67
Net Cash From Investing Activities	-2.66	-3.06	-102	-3.37	1.42	-4.17	-5.52	-3.66	-7.55	-2.53
Net Cash From Continuing Investing Activities	-2.66	-3.06	-102	-3.37	1.42	-4.17	-5.52	-3.66	-7.55	-2.53
Purchase of Property, Plant & Equipment	-2.66	-3.06	-3.20	-3.37	-2.02	-4.17	-2.32	-3.66	-6.53	-1.83
Acquisitions	-	-	-98	-	3.44	-0.00	-3.20	-	-1.02	-0.70
Net Cash From Financing Activities	10	190	21	15	-1.53	9.37	6.88	-0.32	17	186
Net Cash From Continuing Financing Activities	10	190	21	15	-1.53	9.37	6.88	-0.32	17	186
Repayment of Debt	-0.35	-6.13	-12	-0.34	-0.35	-0.32	-1.54	-0.22	-0.34	-6.53
Issuance of Debt	-	160	0.75	-0.75	1.72	-0.57	11	-0.34	6.79	213
Issuance of Common Equity	12	47	34	18	-	-	0.00	2.32	11	6.19
Other Financing Activities, net	-1.27	-8.43	-2.05	-2.05	-2.90	10	-2.32	-2.09	0.03	-27
Effect of Exchange Rate Changes	0.86	1.97	-1.03	2.22	-5.07	2.24	4.48	-1.82	-2.00	0.73
Cash Interest Paid	0.09	0.16	0.09	3.57	0.15	3.61	0.07	3.66	0.06	3.65

This table presents indie Semiconductor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	603	819	941
Total Current Assets	374	272	409
Cash & Equivalents	322	152	274
Restricted Cash	0.25	0.00	10
Accounts Receivable	26	64	52
Inventories, net	13	33	50
Prepaid Expenses	12	23	22
Plant, Property, & Equipment, net	16	27	34
Total Noncurrent Assets	214	520	498
Goodwill	136	295	266
Intangible Assets	63	208	209
Other Noncurrent Operating Assets	14	17	23
Total Liabilities & Shareholders' Equity	603	819	941
Total Liabilities	289	342	496
Total Current Liabilities	64	139	85
Short-Term Debt	18	88	16
Accounts Payable	14	18	28
Accrued Expenses	11	21	29
Current Employee Benefit Liabilities	12	6.62	5.57
Other Current Liabilities	9.38	4.43	5.88
Total Noncurrent Liabilities	225	203	411
Long-Term Debt	156	157	369
Noncurrent Deferred & Payable Income Tax Liabilities	7.82	14	12
Other Noncurrent Operating Liabilities	62	33	30
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	314	477	445
Total Preferred & Common Equity	313	446	418
Preferred Stock	0.00	0.00	0.00
Total Common Equity	313	446	418
Common Stock	569	814	937
Retained Earnings	-244	-361	-494
Accumulated Other Comprehensive Income / (Loss)	-12	-6.17	-25
Noncontrolling Interest	1.52	31	28

This table presents indie Semiconductor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	421	794	781	820	804	797	797
Total Current Assets	194	290	280	270	264	248	241
Cash & Equivalents	150	207	181	161	138	112	97
Restricted Cash	0.38	0.00	0.00	0.00	10	10	10
Accounts Receivable	22	25	35	43	52	58	56
Inventories, net	12	39	41	40	38	42	52
Prepaid Expenses	9.51	19	23	26	25	24	25
Plant, Property, & Equipment, net	13	21	22	26	29	34	35
Total Noncurrent Assets	215	482	479	524	510	516	522
Goodwill	142	279	282	310	290	289	275
Intangible Assets	61	189	181	196	199	205	223
Other Noncurrent Operating Assets	12	14	16	18	21	22	24
Total Liabilities & Shareholders' Equity	421	794	781	820	804	797	797
Total Liabilities	145	435	396	407	342	295	309
Total Current Liabilities	55	115	104	149	152	93	101
Short-Term Debt	13	4.66	3.66	4.91	88	26	41
Accounts Payable	8.47	17	17	20	19	27	26
Accrued Expenses	16	71	63	105	29	28	21
Current Employee Benefit Liabilities	8.57	13	11	13	13	9.20	7.66
Other Current Liabilities	7.97	9.40	9.42	6.52	2.09	4.09	5.88
Total Noncurrent Liabilities	90	320	292	258	191	202	208
Long-Term Debt	4.17	156	156	156	157	157	158
Noncurrent Deferred & Payable Income Tax Liabilities	12	11	11	16	13	13	17
Other Noncurrent Operating Liabilities	74	154	125	86	20	31	33
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	276	358	385	413	461	503	489
Total Preferred & Common Equity	295	362	386	414	433	471	459
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	295	362	386	414	433	471	459
Common Stock	545	692	725	781	836	896	929
Retained Earnings	-231	-317	-330	-347	-393	-412	-461
Accumulated Other Comprehensive Income / (Loss)	-18	-13	-9.51	-20	-11	-14	-8.55
Noncontrolling Interest	-19	-3.96	-1.08	-0.67	29	32	30

This table displays calculated financial ratios and metrics derived from indie Semiconductor's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	128.86%	101.42%	-2.91%
EBITDA Growth	66.47%	-132.17%	-10.56%
EBIT Growth	53.66%	-142.27%	-6.73%
NOPAT Growth	-59.28%	-13.68%	-25.59%
Net Income Growth	55.49%	-144.06%	-11.92%
EPS Growth	70.63%	-118.92%	6.17%
Operating Cash Flow Growth	-37.49%	-36.01%	43.86%
Free Cash Flow Firm Growth	-31.06%	-194.20%	81.00%
Invested Capital Growth	107.20%	242.70%	-4.27%
Revenue Q/Q Growth	14.54%	19.94%	-5.30%
EBITDA Q/Q Growth	32.64%	7.76%	-22.50%
EBIT Q/Q Growth	24.17%	0.52%	-13.97%
NOPAT Q/Q Growth	-1.74%	5.17%	-7.81%
Net Income Q/Q Growth	25.47%	0.87%	-15.87%
EPS Q/Q Growth	11.90%	4.71%	-20.63%
Operating Cash Flow Q/Q Growth	1.25%	1.44%	14.18%
Free Cash Flow Firm Q/Q Growth	0.00%	-34.48%	65.76%
Invested Capital Q/Q Growth	16.47%	37.84%	-5.87%
Profitability Metrics	-	-	-
Gross Margin	45.40%	40.13%	41.68%
EBITDA Margin	-33.86%	-39.03%	-44.45%
Operating Margin	-107.52%	-60.68%	-78.49%
EBIT Margin	-49.37%	-59.38%	-65.27%
Profit (Net Income) Margin	-47.64%	-57.73%	-66.54%
Tax Burden Percent	98.08%	96.60%	98.68%
Interest Burden Percent	98.40%	100.64%	103.30%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-67.62%	-25.74%	-21.34%
ROIC Less NNEP Spread (ROIC-NNEP)	-84.64%	98.22%	-47.32%
Return on Net Nonoperating Assets (RNNOA)	50.20%	-6.82%	-9.92%
Return on Equity (ROE)	-17.42%	-32.56%	-31.26%
Cash Return on Invested Capital (CROIC)	-137.41%	-135.39%	-16.98%
Operating Return on Assets (OROA)	-10.20%	-18.64%	-16.07%
Return on Assets (ROA)	-9.84%	-18.12%	-16.38%
Return on Common Equity (ROCE)	-17.98%	-31.23%	-29.28%
Return on Equity Simple (ROE_SIMPLE)	-16.88%	-28.88%	-34.50%
Net Operating Profit after Tax (NOPAT)	-83	-95	-119
NOPAT Margin	-75.26%	-42.48%	-54.95%
Net Nonoperating Expense Percent (NNEP)	17.02%	-123.96%	25.99%
Return On Investment Capital (ROIC_SIMPLE)	-17.08%	-13.13%	-14.34%
Cost of Revenue to Revenue	54.60%	59.87%	58.32%
SG&A Expenses to Revenue	43.54%	31.58%	37.36%
R&D to Revenue	109.39%	69.23%	80.82%
Operating Expenses to Revenue	152.92%	100.81%	120.17%
Earnings before Interest and Taxes (EBIT)	-55	-133	-141
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-38	-87	-96
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.77	3.28	1.96
Price to Tangible Book Value (P/TBV)	7.64	0.00	0.00
Price to Revenue (P/Rev)	7.81	6.55	3.77
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.32	2.78	1.73
Enterprise Value to Revenue (EV/Rev)	6.49	7.11	4.36
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.55	0.51	0.86
Long-Term Debt to Equity	0.50	0.33	0.83
Financial Leverage	-0.59	-0.07	0.21
Leverage Ratio	1.77	1.80	1.91
Compound Leverage Factor	1.74	1.81	1.97
Debt to Total Capital	35.62%	33.91%	46.36%
Short-Term Debt to Total Capital	3.73%	12.19%	1.90%
Long-Term Debt to Total Capital	31.89%	21.72%	44.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.31%	4.28%	3.31%
Common Equity to Total Capital	64.07%	61.81%	50.33%
Debt to EBITDA	-4.63	-2.81	-4.00
Net Debt to EBITDA	3.94	-1.07	-1.04
Long-Term Debt to EBITDA	-4.15	-1.80	-3.83
Debt to NOPAT	-2.09	-2.58	-3.23
Net Debt to NOPAT	1.77	-0.98	-0.84
Long-Term Debt to NOPAT	-1.87	-1.65	-3.10
Altman Z-Score	1.73	1.88	0.40
Noncontrolling Interest Sharing Ratio	-3.24%	4.09%	6.33%
Liquidity Ratios	-	-	-
Current Ratio	5.85	1.96	4.82
Quick Ratio	5.44	1.55	3.84
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-169	-499	-95
Operating Cash Flow to CapEx	-1,014.09%	-818.58%	-408.74%
Free Cash Flow to Firm to Interest Expense	-100.15	-57.63	-10.23
Operating Cash Flow to Interest Expense	-45.36	-12.07	-6.33
Operating Cash Flow Less CapEx to Interest Expense	-49.83	-13.54	-7.88
Efficiency Ratios	-	-	-
Asset Turnover	0.21	0.31	0.25
Accounts Receivable Turnover	5.50	4.96	3.75
Inventory Turnover	5.42	5.76	3.04
Fixed Asset Turnover	8.23	10.43	7.08
Accounts Payable Turnover	6.16	8.20	5.41
Days Sales Outstanding (DSO)	66.35	73.63	97.37
Days Inventory Outstanding (DIO)	67.39	63.38	119.90
Days Payable Outstanding (DPO)	59.21	44.52	67.49
Cash Conversion Cycle (CCC)	74.53	92.49	149.79
Capital & Investment Metrics	-	-	-
Invested Capital	166	570	546
Invested Capital Turnover	0.90	0.61	0.39
Increase / (Decrease) in Invested Capital	86	404	-24
Enterprise Value (EV)	719	1,586	946
Market Capitalization	866	1,462	818
Book Value per Share	$2.11	$2.47	$2.07
Tangible Book Value per Share	$0.76	($0.32)	($0.28)
Total Capital	488	722	830
Total Debt	174	245	385
Total Long-Term Debt	156	157	369
Net Debt	-148	93	100
Capital Expenditures (CapEx)	7.57	13	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	6.22	69	55
Debt-free Net Working Capital (DFNWC)	328	221	340
Net Working Capital (NWC)	310	133	324
Net Nonoperating Expense (NNE)	-31	34	25
Net Nonoperating Obligations (NNO)	-148	93	100
Total Depreciation and Amortization (D&A)	17	45	45
Debt-free, Cash-free Net Working Capital to Revenue	5.62%	31.04%	25.44%
Debt-free Net Working Capital to Revenue	296.13%	99.01%	156.76%
Net Working Capital to Revenue	279.70%	59.57%	149.47%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.37)	($0.81)	($0.76)
Adjusted Weighted Average Basic Shares Outstanding	118.66M	145.19M	175.03M
Adjusted Diluted Earnings per Share	($0.37)	($0.81)	($0.76)
Adjusted Weighted Average Diluted Shares Outstanding	118.66M	145.19M	175.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	160.16M	183.22M	208.49M
Normalized Net Operating Profit after Tax (NOPAT)	-83	-95	-116
Normalized NOPAT Margin	-75.26%	-42.48%	-53.55%
Pre Tax Income Margin	-48.58%	-59.76%	-67.43%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-32.33	-15.32	-15.28
NOPAT to Interest Expense	-49.28	-10.96	-12.86
EBIT Less CapEx to Interest Expense	-36.80	-16.79	-16.83
NOPAT Less CapEx to Interest Expense	-53.76	-12.43	-14.41
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-14.10%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from indie Semiconductor's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	146.90%	74.18%	83.88%	102.32%	101.48%	112.35%	29.42%	0.47%	-10.77%	-17.29%
EBITDA Growth	59.09%	59.54%	-503.60%	350.71%	85.45%	59.29%	68.78%	-1,139.66%	-535.99%	-351.67%
EBIT Growth	58.39%	51.11%	-757.46%	-112.91%	60.81%	4.14%	59.82%	-53.36%	-204.51%	-108.48%
NOPAT Growth	-21.64%	-7.56%	28.23%	-35.86%	-39.78%	25.51%	-34.25%	10.05%	-38.06%	-57.14%
Net Income Growth	58.00%	53.37%	-698.03%	-155.71%	58.89%	7.18%	58.25%	-54.83%	-192.31%	-134.99%
EPS Growth	62.65%	35.71%	-885.71%	-125.00%	61.29%	44.44%	65.45%	-22.22%	-133.33%	-260.00%
Operating Cash Flow Growth	-48.40%	5.16%	-109.27%	-90.17%	32.35%	8.49%	71.57%	51.00%	-53.70%	59.02%
Free Cash Flow Firm Growth	-277.33%	0.00%	-10.28%	36.39%	26.57%	-293.87%	-44.04%	1.55%	32.06%	100.15%
Invested Capital Growth	158.97%	107.20%	120.09%	120.64%	189.56%	242.70%	79.41%	54.49%	40.19%	-4.27%
Revenue Q/Q Growth	16.54%	10.03%	22.48%	28.81%	16.06%	15.97%	-25.35%	0.00%	3.08%	7.49%
EBITDA Q/Q Growth	-12,375.78%	71.79%	-519.89%	101.15%	-824.09%	21.06%	-375.39%	61.74%	-342.94%	43.94%
EBIT Q/Q Growth	-640.26%	62.96%	-415.43%	84.94%	-36.27%	9.40%	-116.06%	42.50%	-170.57%	37.97%
NOPAT Q/Q Growth	13.73%	-11.99%	-27.70%	-10.12%	11.24%	40.32%	-130.16%	26.21%	-36.22%	32.08%
Net Income Q/Q Growth	-756.56%	65.32%	-420.15%	83.45%	-37.71%	21.69%	-133.99%	38.64%	-159.98%	37.05%
EPS Q/Q Growth	-675.00%	70.97%	-511.11%	83.64%	-33.33%	58.33%	-280.00%	42.11%	-154.55%	35.71%
Operating Cash Flow Q/Q Growth	-3.61%	18.25%	-83.40%	-22.41%	63.14%	-10.59%	43.02%	-110.97%	-15.62%	70.51%
Free Cash Flow Firm Q/Q Growth	-12.60%	73.62%	-84.11%	-16.33%	-29.99%	-41.48%	32.67%	20.49%	10.30%	100.30%
Invested Capital Q/Q Growth	-13.52%	16.47%	87.17%	17.04%	13.49%	37.84%	-2.02%	0.79%	2.98%	-5.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.13%	51.10%	40.53%	38.35%	41.82%	39.78%	42.53%	42.24%	39.35%	42.57%
EBITDA Margin	-145.89%	-37.41%	-189.33%	1.69%	-10.54%	-7.17%	-45.67%	-17.47%	-75.10%	-39.16%
Operating Margin	-86.15%	-87.69%	-91.42%	-78.16%	-59.77%	-30.76%	-94.83%	-69.97%	-92.47%	-58.43%
EBIT Margin	-149.97%	-50.49%	-212.46%	-24.85%	-29.17%	-22.79%	-65.97%	-37.93%	-99.55%	-57.45%
Profit (Net Income) Margin	-151.36%	-47.71%	-202.63%	-26.03%	-30.88%	-20.85%	-65.37%	-40.11%	-101.17%	-59.25%
Tax Burden Percent	101.94%	97.71%	95.67%	102.59%	103.61%	88.93%	96.86%	100.41%	99.43%	98.33%
Interest Burden Percent	99.01%	96.73%	99.68%	102.12%	102.18%	102.89%	102.31%	105.33%	102.21%	104.89%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-55.15%	-36.53%	-32.15%	-27.98%	-13.05%	-35.87%	-24.86%	-29.82%	-15.89%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-57.66%	13.86%	-50.06%	-37.96%	-14.77%	-33.77%	-1.38%	-72.70%	-26.89%
Return on Net Nonoperating Assets (RNNOA)	0.00%	34.20%	-4.57%	12.00%	7.31%	1.03%	-2.07%	-0.06%	-7.39%	-5.64%
Return on Equity (ROE)	-39.82%	-20.95%	-41.10%	-20.15%	-20.67%	-12.02%	-37.95%	-24.92%	-37.21%	-21.52%
Cash Return on Invested Capital (CROIC)	0.00%	-137.41%	-112.69%	-110.28%	-133.25%	-135.39%	-80.67%	-64.56%	-55.70%	-16.98%
Operating Return on Assets (OROA)	-37.19%	-10.43%	-42.88%	-6.30%	-8.75%	-7.15%	-19.42%	-11.31%	-28.17%	-14.14%
Return on Assets (ROA)	-37.54%	-9.86%	-40.90%	-6.60%	-9.26%	-6.54%	-19.24%	-11.96%	-28.63%	-14.59%
Return on Common Equity (ROCE)	-43.90%	-21.63%	-42.35%	-20.60%	-21.26%	-11.53%	-36.81%	-24.05%	-35.99%	-20.16%
Return on Equity Simple (ROE_SIMPLE)	-23.98%	0.00%	-41.00%	-40.57%	-31.43%	0.00%	-18.73%	-18.81%	-27.14%	0.00%
Net Operating Profit after Tax (NOPAT)	-18	-20	-26	-29	-25	-15	-35	-26	-35	-24
NOPAT Margin	-60.31%	-61.38%	-63.99%	-54.71%	-41.84%	-21.53%	-66.38%	-48.98%	-64.73%	-40.90%
Net Nonoperating Expense Percent (NNEP)	-12.01%	2.51%	-50.39%	17.91%	9.98%	1.73%	-2.10%	-23.48%	42.88%	11.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-4.15%	-	-	-	-2.09%	-	-	-	-2.86%
Cost of Revenue to Revenue	49.87%	48.90%	59.47%	61.65%	58.18%	60.22%	57.47%	57.76%	60.65%	57.43%
SG&A Expenses to Revenue	35.57%	38.86%	41.57%	35.77%	32.81%	21.65%	42.64%	33.32%	38.63%	35.04%
R&D to Revenue	100.71%	99.92%	90.39%	80.73%	68.78%	48.88%	94.72%	78.89%	85.18%	65.94%
Operating Expenses to Revenue	136.28%	138.78%	131.95%	116.50%	101.59%	70.53%	137.36%	112.21%	131.82%	101.01%
Earnings before Interest and Taxes (EBIT)	-45	-17	-86	-13	-18	-16	-35	-20	-54	-33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-44	-12	-77	0.88	-6.37	-5.03	-24	-9.15	-41	-23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.62	2.77	4.67	3.93	2.51	3.28	3.00	2.45	1.72	1.96
Price to Tangible Book Value (P/TBV)	11.56	7.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	11.05	7.81	13.07	9.75	5.58	6.55	5.52	4.90	3.44	3.77
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.41	4.32	5.26	4.10	2.51	2.78	2.55	2.21	1.57	1.73
Enterprise Value to Revenue (EV/Rev)	9.47	6.49	12.68	9.61	5.58	7.11	6.05	5.29	3.97	4.36
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.06	0.55	0.45	0.42	0.39	0.51	0.53	0.36	0.41	0.86
Long-Term Debt to Equity	0.02	0.50	0.44	0.41	0.38	0.33	0.34	0.31	0.32	0.83
Financial Leverage	-1.28	-0.59	-0.33	-0.24	-0.19	-0.07	0.06	0.04	0.10	0.21
Leverage Ratio	2.19	1.77	1.90	1.76	1.80	1.80	1.95	1.78	1.79	1.91
Compound Leverage Factor	2.17	1.71	1.89	1.80	1.84	1.85	1.99	1.87	1.83	2.00
Debt to Total Capital	5.88%	35.62%	30.96%	29.33%	28.10%	33.91%	34.71%	26.69%	28.85%	46.36%
Short-Term Debt to Total Capital	4.46%	3.73%	0.90%	0.67%	0.86%	12.19%	12.49%	3.75%	5.91%	1.90%
Long-Term Debt to Total Capital	1.42%	31.89%	30.06%	28.66%	27.25%	21.72%	22.21%	22.94%	22.93%	44.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-6.46%	0.31%	-0.76%	-0.20%	-0.12%	4.28%	4.05%	4.66%	4.40%	3.31%
Common Equity to Total Capital	100.59%	64.07%	69.80%	70.87%	72.01%	61.81%	61.25%	68.65%	66.75%	50.33%
Debt to EBITDA	-0.31	-4.63	-1.21	-1.21	-1.71	-2.81	-7.12	-4.12	-2.52	-4.00
Net Debt to EBITDA	2.40	3.94	0.35	0.16	-0.01	-1.07	-2.82	-1.36	-1.16	-1.04
Long-Term Debt to EBITDA	-0.07	-4.15	-1.17	-1.18	-1.66	-1.80	-4.56	-3.54	-2.00	-3.83
Debt to NOPAT	-0.21	-2.09	-1.88	-1.72	-1.61	-2.58	-2.37	-1.82	-1.79	-3.23
Net Debt to NOPAT	1.63	1.77	0.55	0.22	-0.01	-0.98	-0.94	-0.60	-0.82	-0.84
Long-Term Debt to NOPAT	-0.05	-1.87	-1.83	-1.68	-1.57	-1.65	-1.51	-1.56	-1.43	-3.10
Altman Z-Score	3.92	1.94	1.84	2.12	1.27	2.35	1.91	2.07	1.00	0.78
Noncontrolling Interest Sharing Ratio	-10.23%	-3.24%	-3.04%	-2.20%	-2.85%	4.09%	3.01%	3.47%	3.28%	6.33%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.51	5.85	2.52	2.68	1.81	1.96	1.74	2.66	2.39	4.82
Quick Ratio	3.12	5.44	2.02	2.07	1.37	1.55	1.26	1.83	1.52	3.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-403	-106	-196	-228	-296	-419	-282	-224	-201	0.61
Operating Cash Flow to CapEx	-823.93%	-585.98%	-1,027.98%	-1,196.29%	-735.96%	-393.29%	-403.50%	-538.61%	-349.49%	-366.83%
Free Cash Flow to Firm to Interest Expense	-2,428.63	-88.54	-91.14	-106.23	-132.05	-197.94	-133.90	-105.07	-92.26	0.22
Operating Cash Flow to Interest Expense	-132.13	-14.93	-15.31	-18.78	-6.62	-7.75	-4.44	-9.24	-10.46	-2.37
Operating Cash Flow Less CapEx to Interest Expense	-148.16	-17.48	-16.80	-20.35	-7.52	-9.73	-5.54	-10.96	-13.45	-3.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.21	0.20	0.25	0.30	0.31	0.29	0.30	0.28	0.25
Accounts Receivable Turnover	6.19	5.50	6.35	6.13	5.65	4.96	6.10	5.06	4.59	3.75
Inventory Turnover	6.53	5.42	2.82	3.27	4.21	5.76	3.63	3.31	2.95	3.04
Fixed Asset Turnover	12.25	8.23	7.79	9.08	9.69	10.43	9.31	8.42	7.55	7.08
Accounts Payable Turnover	8.09	6.16	5.94	7.10	7.66	8.20	7.78	6.33	5.93	5.41
Days Sales Outstanding (DSO)	59.01	66.35	57.45	59.51	64.64	73.63	59.81	72.11	79.47	97.37
Days Inventory Outstanding (DIO)	55.87	67.39	129.21	111.70	86.71	63.38	100.47	110.41	123.64	119.90
Days Payable Outstanding (DPO)	45.14	59.21	61.46	51.43	47.68	44.52	46.89	57.66	61.56	67.49
Cash Conversion Cycle (CCC)	69.75	74.53	125.20	119.78	103.66	92.49	113.39	124.85	141.56	149.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	143	166	311	364	414	570	559	563	580	546
Invested Capital Turnover	-1.95	0.90	0.57	0.59	0.67	0.61	0.54	0.51	0.46	0.39
Increase / (Decrease) in Invested Capital	385	86	170	199	271	404	247	199	166	-24
Enterprise Value (EV)	916	719	1,639	1,495	1,038	1,586	1,423	1,245	909	946
Market Capitalization	1,068	866	1,690	1,517	1,038	1,462	1,297	1,152	788	818
Book Value per Share	$2.02	$2.11	$2.26	$2.39	$2.51	$2.47	$2.63	$2.52	$2.32	$2.07
Tangible Book Value per Share	$0.63	$0.76	($0.66)	($0.48)	($0.56)	($0.32)	($0.34)	($0.13)	($0.20)	($0.28)
Total Capital	294	488	519	545	574	722	707	686	687	830
Total Debt	17	174	161	160	161	245	245	183	198	385
Total Long-Term Debt	4.17	156	156	156	156	157	157	157	158	369
Net Debt	-134	-148	-47	-21	0.73	93	97	60	91	100
Capital Expenditures (CapEx)	2.66	3.06	3.20	3.37	2.02	4.17	2.32	3.66	6.53	1.83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1.28	6.22	-27	-1.61	-35	69	52	58	73	55
Debt-free Net Working Capital (DFNWC)	152	328	180	179	126	221	200	180	181	340
Net Working Capital (NWC)	139	310	175	175	121	133	112	154	140	324
Net Nonoperating Expense (NNE)	27	-4.51	56	-15	-6.63	-0.47	-0.53	-4.64	20	11
Net Nonoperating Obligations (NNO)	-134	-148	-47	-21	0.73	93	97	60	91	100
Total Depreciation and Amortization (D&A)	1.23	4.32	9.36	14	11	11	11	11	13	11
Debt-free, Cash-free Net Working Capital to Revenue	1.33%	5.62%	-21.20%	-1.03%	-18.68%	31.04%	22.21%	24.44%	32.07%	25.44%
Debt-free Net Working Capital to Revenue	157.19%	296.13%	139.27%	115.07%	67.66%	99.01%	85.25%	76.56%	78.92%	156.76%
Net Working Capital to Revenue	143.67%	279.70%	135.66%	112.72%	65.02%	59.57%	47.68%	65.62%	61.16%	149.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.31)	($0.12)	($0.55)	($0.09)	($0.12)	($0.05)	($0.19)	($0.11)	($0.28)	($0.18)
Adjusted Weighted Average Basic Shares Outstanding	120.51M	118.66M	131.49M	141.97M	146.96M	145.19M	164.60M	170.16M	179.49M	175.03M
Adjusted Diluted Earnings per Share	($0.31)	($0.09)	($0.55)	($0.09)	($0.12)	($0.05)	($0.19)	($0.11)	($0.28)	($0.18)
Adjusted Weighted Average Diluted Shares Outstanding	120.51M	118.66M	131.49M	141.97M	146.96M	145.19M	164.60M	170.16M	179.49M	175.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	148.48M	160.16M	161.40M	164.79M	180.30M	183.22M	186.76M	197.42M	201.92M	208.49M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-20	-26	-29	-25	-15	-35	-26	-32	-24
Normalized NOPAT Margin	-60.31%	-61.38%	-63.99%	-54.71%	-41.84%	-21.53%	-66.38%	-48.98%	-59.12%	-40.90%
Pre Tax Income Margin	-148.48%	-48.83%	-211.79%	-25.37%	-29.81%	-23.45%	-67.49%	-39.95%	-101.75%	-60.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-271.17	-13.88	-40.01	-6.04	-7.87	-7.55	-16.40	-9.30	-24.64	-11.74
NOPAT to Interest Expense	-109.04	-16.88	-12.05	-13.30	-11.29	-7.14	-16.50	-12.02	-16.02	-8.36
EBIT Less CapEx to Interest Expense	-287.21	-16.43	-41.50	-7.61	-8.77	-9.53	-17.50	-11.02	-27.64	-12.39
NOPAT Less CapEx to Interest Expense	-125.08	-19.43	-13.54	-14.87	-12.18	-9.11	-17.60	-13.73	-19.02	-9.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-7.06%	0.00%	0.00%	0.00%	-1.92%	0.00%	0.00%	0.00%	-0.40%	0.00%
Augmented Payout Ratio	-7.06%	-14.10%	0.00%	0.00%	-1.92%	0.00%	0.00%	0.00%	-0.40%	0.00%

Frequently Asked Questions About indie Semiconductor's Financials

When does indie Semiconductor's fiscal year end?

According to the most recent income statement we have on file, indie Semiconductor's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has indie Semiconductor's net income changed over the last 2 years?

indie Semiconductor's net income appears to be on an upward trend, with a most recent value of -$144.19 million in 2024, rising from -$52.79 million in 2022. The previous period was -$128.83 million in 2023.

What is indie Semiconductor's operating income?

indie Semiconductor's total operating income in 2024 was -$170.08 million, based on the following breakdown:

Total Gross Profit: $90.31 million
Total Operating Expenses: $260.39 million

How has indie Semiconductor revenue changed over the last 2 years?

Over the last 2 years, indie Semiconductor's total revenue changed from $110.80 million in 2022 to $216.68 million in 2024, a change of 95.6%.

How much debt does indie Semiconductor have?

indie Semiconductor's total liabilities were at $495.99 million at the end of 2024, a 45.1% increase from 2023, and a 71.6% increase since 2022.

How much cash does indie Semiconductor have?

In the past 2 years, indie Semiconductor's cash and equivalents has ranged from $151.68 million in 2023 to $321.63 million in 2022, and is currently $274.25 million as of their latest financial filing in 2024.

How has indie Semiconductor's book value per share changed over the last 2 years?

Over the last 2 years, indie Semiconductor's book value per share changed from 2.11 in 2022 to 2.07 in 2024, a change of -1.8%.

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This page (NASDAQ:INDI) was last updated on 4/15/2025 by MarketBeat.com Staff

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indie Semiconductor (INDI) Financials

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indie Semiconductor (INDI) Financials

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