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indie Semiconductor, Inc.

INDI

Technology · 3.32 +1.5% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

indie Semiconductor, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company+1.5% todayVolume comparison unavailable
Market group0 of 9 activeSemiconductor & EV Tech · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • INDI's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if INDI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Semiconductors

No new filing conclusion is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • INDI's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations319
Usable filing statements78
Verified relationships3
Evidence supporting the case
  • Operating margin changed +7.6 percentage points in the latest annual period.
Evidence challenging the case
  • Net margin changed -4.6 percentage points in the latest annual period.
  • Diluted shares increased 12.7% in the latest annual period.
  • Capital investment and capacity has repeated adverse evidence across 3 filings.
Questions before a position
  • EV/sales is 24% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

3.32
6m-9.3%12m-28.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$48.4M+114.1%$-1.26
2022-12-31$110.8M+128.9%$-0.37
2023-12-31$223.2M+101.4%$-0.81+22.4%
2024-12-31$216.7M-2.9%$-0.76+20.6%
2025-12-31$217.4M+0.3%$-0.73+12.7%

What management says matters

Persistent and emerging business drivers

Foreign exchangenegative · 4 filings
Goodwill The following table sets forth the carrying amount and activity of goodwill as of March 31, 2026: Amount Balance as of the beginning of the period $ 292,644 Effect of exchange rate on goodwill ( 2,965 ) Balance as of the end of the period $ 289,679 D…
10-Q · May 11, 2026
Capital investment and capacitynegative · 3 filings
During the period ended March 31, 2026 and 2025, the decrease in cash was due to the purchase of capital expenditures, respectively.
10-Q · May 11, 2026
Credit and interest ratesmixed · 3 filings
Interest expense decreased in the current period primarily as a result of the addition of the 2031 Notes and repurchase of the 2027 Notes in March 2026.
10-Q · May 11, 2026
Restructuring and cost reductionsnegative · 2 filings
The decrease of $3.6 million or 9% was primarily due to a $4.0 million decrease in personnel and program expenses in connection with the 2025 Restructuring plan, offset by a $0.8 million increase in share-based compensation expense due to the bonus accrual of…
10-Q · May 11, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 3.0× · EV/sales 3.9×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

3.32+1.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for INDI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for INDI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind INDI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

WXILYFiling-linked nameinvesteeMay 11, 2026

Divestiture of Wuxi On October 27, 2025, the Company, through its subsidiary Ay Dee Kay, LLC, entered into an Asset Purchase Agreement (the “Wuxi Agreement”) with United Faith Auto-Engineering Co., Ltd., a publicly-listed company in the People’s Republic of C…

IFNNYFiling-linked namecompetitorFeb 27, 2026

Our primary competitors are other automotive-focused semiconductor companies, including Infineon, Monolithic Power Systems, NXP, Renesas and ST Microelectronics.

MPWRMonolithic Power Systems, Inc.competitorFeb 27, 2026

Our primary competitors are other automotive-focused semiconductor companies, including Infineon, Monolithic Power Systems, NXP, Renesas and ST Microelectronics.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

INDI is currently a Follower in the organic co-movement group Semiconductor & EV Tech. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for INDI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.