indie Semiconductor (INDI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

indie Semiconductor

NasdaqCM•Technology•Semiconductors

$3.13+0.11(0.04%)After hours

Market Cap

$663.59M

P/S

2.9x

P/B

2.3x

indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicles, connected car, user experience, and electrification applications. It designs, develops, manufactures, and markets integrated circuits. The company also offers mixed-signal system-on-chips (SoCs) and system solutions for advanced driver assistance systems. In addition, it offers ultrasonic sensors for parking assist and systems; radar sensors for audio assistance and reverse information; front cameras for vehicle detection, collision avoidance, and sign reading; and side/inside cameras for blind spot and lane change assist, and driver behavior monitoring. The company also provides LiDAR for distance, speed, and obstacle detection, collision avoidance, and emergency brake system; and long range RADAR for audio assistance, obstacle detection, and ACC stop and go. Further, the company designs, manufactures, and integrates photonic components and sub-systems on various technology platforms, including fiber Bragg gratings (FBG), low-noise lasers, athermal and tunable packaging, leveraging low-noise, and high-speed electronics; and designs and develops standard and custom light sources, including super luminescent light emitting diodes (SLEDs). Additionally, it is developing LiDAR, cybersecurity-enabled microcontrollers, and sensor-fusion processors. The company provides solutions in the United States, Greater China, Europe, South Korea, rest of North America, rest of the Asia Pacific, and South America. indie Semiconductor, Inc. was founded in 2007 and is headquartered in Aliso Viejo, California.

How this company scores

AverageMetricSide Score: 41/100

Strongest: Profitability (15/25); weakest: Cash & Earnings Quality (4/25).

Profitability15/25

Growth13/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality4/25

Strengths

Profit converts from growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 2.9x5y range 1.8x – 12.4x

Currently below its 18-quarter median.

P/B · 2.3x5y range 1.0x – 10.9x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $663.59M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $231.15M
Q. Revenue: $64.01M
TTM EBITDA: $-103.60M
TTM Op. Income: $-146.24M
Q. Op. Income: $-35.08M
TTM Net Income: $-149.75M
Q. Net Income: $-37.08M
EPS: $-0.17
Shares Out.: $212.01M

$231.15M in TTM revenue grew 6.2% YoY, reaching $64.01M last quarter. TTM EBITDA of $-103.60M and TTM operating income of $-146.24M show growth is flowing through to the bottom line. However, net income is negative at $149.75M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 36.1%
EBITDA Margin: -37.3%
Op. Margin: -54.8%
Net Margin: -57.9%

Op. margin of -54.8% is up 28.5% YoY — cost efficiency is improving. Net margin at -57.9% and gross margin of 36.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 34% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.9x
P/B Ratio: 2.3x

P/S of 2.9x and P/B of 2.3x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $841.53M
Cash: $138.97M
Long-Term Debt: $403.74M
Book Value: $294.67M
D/E Ratio: 1.4
Debt/EBITDA: N/A

With $841.53M in assets and $403.74M in long-term debt, D/E is 1.4and book value is $294.67M — moderate leverage. Across the last 8 quarters, debt/equity has risen for 4 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-28.87M
TTM Free Cash Flow: $-83.75M
FCF Margin: -36.2%
FCF / Net Income: 0.6

TTM FCF of $-83.75M on $-28.87M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 1% — a weakening trend.