indie Semiconductor, Inc.(INDI)Stock Analysis
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Rank #2,613 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
INDI Stock Analysis & AI Quality Score
AI stock analysis and institutional research for indie Semiconductor, Inc. (INDI), a Technology sector company. 13F Pro's AI-powered ranking engine scores INDI at 23.5/100 on a 32-signal composite quality model, placing it at rank #2,613 of 2,879 stocks — the bottom half of the AI-ranked universe. INDI scores in the top quartile across institutional flow (92.3). Areas of concern include profitability (8.4) and free cash flow (10.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 6.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), indie Semiconductor, Inc. reports quarterly revenue of $55.5M, net income of $-43.2M, an operating margin of -70.1%. Top institutional holders of INDI by reported 13-F value include PRIMECAP MANAGEMENT CO/CA/, BAMCO /NY/, Granahan Investment Management,, based on the most recent SEC filings. INDI trades on the Nasdaq exchange and files with the SEC under CIK 1841925. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate INDI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for indie Semiconductor, Inc. directly from SEC EDGAR. indie Semiconductor, Inc.'s 13F Pro composite quality score has ranged between 8 and 69 since 2022, currently 23.5 — a declining long-term trajectory across 51 quarterly and live scoring snapshots.
Revenue
Q1 2026
$55.5M
Net Income
Q1 2026
$-43.2M
Free Cash Flow
Q1 2026
$-25.3M
Operating Margin
Q1 2026
-70.1%
D/E Ratio
Q1 2026
1.28
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-2.6% YoYNet Income
-11.0% YoYOperating Income
-13.9% YoYEPS (Diluted)
+9.9% YoYTotal Assets
+2.7% YoYTotal Debt
+119.7% YoYOp. Cash Flow
+45.3% YoY| Metric | FY 2025 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Revenue | $217.4M -2.6% | $223.2M +361.0% | $48.4M +114.1% | $22.6M |
| Net Income | $-143.1M -11.0% | $-128.8M -8.6% | $-118.6M -21.7% | $-97.5M |
| Operating Income | $-154.2M -13.9% | $-135.4M -81.1% | $-74.8M -288.7% | $-19.2M |
| EPS (Diluted) | $-0.73 +9.9% | $-0.81 +35.7% | $-1.26 +59.6% | $-3.12 |
| Total Assets | $840.8M +2.7% | $818.9M +74.5% | $469.3M +1235.9% | $35.1M |
| Total Debt | $353.4M +119.7% | $160.8M +1937.8% | $7.9M -62.1% | $20.8M |
| Operating Cash Flow | $-57.1M +45.3% | $-104.4M -87.0% | $-55.8M -163.1% | $-21.2M |
AI Insight: INDI Financial Trends
Revenue flat for five quarters while debt surged to $415M in Q1 2026, compressing equity to a new low of $325M.
• Revenue has stagnated in a $52M–$58M band across all eight quarters, showing no meaningful growth trajectory.
• Total debt jumped from $170M in Q2 2024 to $415M in Q1 2026, a 144% increase in six quarters.
• Equity has eroded steadily from $471M in Q2 2024 to $325M in Q1 2026, a $146M decline.
• Operating cash flow remained negative every quarter, ranging from -$6M to -$29M, signaling persistent cash burn.
⚠ Debt rose sharply to $415M in Q1 2026 after hovering near $353M — monitor what drove the $62M increase.
⚠ Net loss widened to -$43M in Q1 2026, the largest in three quarters, reversing a modest improvement trend.
⚠ Equity-to-debt ratio continues to compress; at current pace, equity could fall below total debt within a few quarters.
AI Insight: INDI Ratio Trends
indie Semiconductor remains deeply unprofitable with no margin recovery; D/E doubled to 1.28x as losses persist through Q1 2026.
• Operating margin has shown no sustained improvement, ranging from -58.4% to -92.5% since Q2 2024, with Q1 2026 at -70.1%.
• D/E ratio surged from 0.36 in Q2 2024 to 1.28 in Q1 2026, signaling meaningful balance sheet deterioration.
• ROE worsened sharply to -53.2% in Q1 2026 from -34.8% in Q4 2025, the weakest reading in the tracked period.
⚠ D/E at 1.28x — highest in the dataset — raises refinancing risk if losses continue into Q2 2026.
⚠ Net profit margin deteriorated to -77.9% in Q1 2026 despite Q4 2025 showing relative improvement at -53.8%.
⚠ Q4 seasonality offered modest margin relief (-58.5%) in Q4 2025; watch whether this pattern repeats in Q4 2026.
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Available Research
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Top Institutional Holders of INDI
PRIMECAP MANAGEMENT CO/CA/
$100.0M31,066,306 shBAMCO INC /NY/
$75.1M23,337,826 shGranahan Investment Management, LLC
$65.3M20,283,839 shFRONTIER CAPITAL MANAGEMENT CO LLC
$62.0M19,246,088 shBlackRock, Inc.
$52.2M16,196,991 shElemental Capital Partners LLC
$40.7M12,644,393 shSTATE STREET CORP
$38.7M12,015,699 shNeuberger Berman Group LLC
$33.9M10,543,323 shVANGUARD CAPITAL MANAGEMENT LLC
$25.5M7,928,206 shVANGUARD PORTFOLIO MANAGEMENT LLC
$19.2M5,957,625 sh
| Fund | Value | Shares |
|---|---|---|
| PRIMECAP MANAGEMENT CO/CA/ | $100.0M | 31,066,306 |
| BAMCO INC /NY/ | $75.1M | 23,337,826 |
| Granahan Investment Management, LLC | $65.3M | 20,283,839 |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $62.0M | 19,246,088 |
| BlackRock, Inc. | $52.2M | 16,196,991 |
| Elemental Capital Partners LLC | $40.7M | 12,644,393 |
| STATE STREET CORP | $38.7M | 12,015,699 |
| Neuberger Berman Group LLC | $33.9M | 10,543,323 |
| VANGUARD CAPITAL MANAGEMENT LLC | $25.5M | 7,928,206 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $19.2M | 5,957,625 |
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Popular Research
Is INDI a good stock to buy?
13F Pro's AI-powered analysis of indie Semiconductor, Inc. (INDI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for INDI are available on the INDI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own INDI?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling INDI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of indie Semiconductor, Inc.'s investment landscape.