Stocks · Technology · Semiconductors
indie Semiconductor, Inc. INDI
$2.97 +3.13% Close, Oct 2, 2026 · NASDAQ · Market cap $627.5M
Strong growthWeak trendExpensive vs sectorHigh risk
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to -62.7% from -76.1% a year earlier.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- The diluted share count rose 8.5% in a year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 31%
- Revenue growth, 3-year CAGRTop 16%
- Revenue growth accelerationTop 17%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 12%
- Gross marginBottom 14%
- Operating marginBottom 12%
- Accruals (lower is better)Top 39%
- Interest coverBottom 21%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 10%
- Free-cash-flow yieldBottom 9%
- EBITDA / enterprise valueBottom 10%
- Sales / enterprise valueTop 49%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 38%
- 6-month returnBottom 22%
- 1-year return vs S&P 500Bottom 29%
- Distance from 52-week highBottom 21%
- Trend checklist (0–4)Bottom 10%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 21%
- Consecutive EPS beatsBottom 31%
- Share of analysts rating BuyTop 33%
- Upside to consensus price targetTop 20%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 28%
- Maximum drawdown, 3 yearsBottom 13%
- Beta vs S&P 500 (lower is better)Bottom 2%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 0.2% | 6.2% | ↑ |
| Gross margin | 41.1% | 21.5% | ↓ |
| Operating margin | -76.1% | -62.7% | ↑ |
| FCF margin | -38.9% | -36.2% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 6.2% | 0.2% | ↑ | Bottom 31% |
| Gross margin | 21.5% | 41.1% | ↓ | Bottom 14% |
| Operating margin | -62.7% | -76.1% | ↑ | Bottom 12% |
| Net margin | -65.2% | -71.6% | ↑ | — |
| Free-cash-flow margin | -36.2% | -38.9% | ↑ | — |
| Return on invested capital | -18.3% | — | Bottom 12% | |
| Revenue growth, 3-year CAGR | 25.2% | — | Top 16% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -9.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 16.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +8.5 pp
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -8.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -0.00%
- Shareholder yield
- -0.00%
- Share count change, 1 year
- +8.5%
- Share count change, 3-year CAGR
- +14.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 7, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 1 of 8
- Average EPS surprise, last 4
- -3.0%
- Average 2-day reaction, last 8
- +0.3%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $4.88
- Target vs current price
- +64.3%
- Analysts with a rating
- 8
- Share rating Buy or Strong Buy
- 75%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +4.5% | +1.2% | +18.3% | +5.3% | — |
| May 7, 2026 | +0.0% | -2.2% | -1.7% | +4.6% | -26.1% |
| Feb 19, 2026 | +0.0% | -7.3% | -2.7% | -30.3% | +16.8% |
| Nov 6, 2025 | -16.7% | -2.9% | -11.0% | -4.0% | -19.4% |
| Aug 7, 2025 | +0.0% | +5.2% | +31.1% | +17.9% | +44.4% |
| May 12, 2025 | +0.0% | +13.3% | +15.9% | +30.0% | +55.8% |
| Feb 20, 2025 | +0.0% | -3.5% | -21.0% | -42.5% | -31.4% |
| Nov 7, 2024 | +0.0% | -1.7% | +35.5% | +13.8% | +23.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | -$0.05 | -$0.05 | +4.5% | $64.0M |
| May 7, 2026 | -$0.06 | -$0.06 | +0.0% | $55.5M |
| Feb 19, 2026 | -$0.07 | -$0.07 | +0.0% | $58.0M |
| Nov 6, 2025 | -$0.07 | -$0.06 | -16.7% | $53.7M |
| Aug 7, 2025 | -$0.08 | -$0.08 | +0.0% | $51.6M |
| May 12, 2025 | -$0.08 | -$0.08 | +0.0% | $54.1M |
| Feb 20, 2025 | -$0.07 | -$0.07 | +0.0% | $58.0M |
| Nov 7, 2024 | -$0.09 | -$0.09 | +0.0% | $54.0M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 3.98× | — | — | Top 49% |
| Free-cash-flow yield | -13.34% | — | — | Bottom 9% |
| Earnings yield | -24.92% | — | — | Bottom 10% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -9.8%
- 200-day average slope (20 days)
- -2.0%
- Distance from 50-day average
- -15.4%
- Distance from 200-day average
- -20.3%
- RSI (14)
- 39.0
- Relative volume
- 1.07×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 77.7%
- Volatility vs own 5-year history
- 57th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 3.53
- Correlation with S&P 500
- 0.57
- Current drawdown from 1-year high
- -50.5%
- Maximum drawdown, 3 years
- -81.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 17, 2021 | Apr 4, 2025 | -89.9% | 847 days | Not yet recovered |
| Dec 28, 2020 | Jul 14, 2021 | -41.7% | 136 days | 86 days (Nov 12, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $627.5M
- EPS, diluted (TTM)
- -$0.74
- Revenue (TTM)
- $231.1M
- 52-week range
- $2.32 – $6.05
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $48.4M | $110.8M | $223.2M | $216.7M | $217.4M |
| Gross profit | $19.7M | $50.3M | -$55.1M | $90.3M | $87.6M |
| Operating income | -$74.8M | -$119.1M | -$135.4M | -$170.1M | -$144.2M |
| Net income | -$88.0M | -$43.4M | -$117.6M | -$132.6M | -$144.0M |
| EPS (diluted) | -$1.26 | -$0.37 | -$0.81 | -$0.76 | -$0.72 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $54.0M | $58.0M | $54.1M | $51.6M | $53.7M | $58.0M | $55.5M | $64.0M |
| Net income | -$49.7M | -$32.6M | -$34.5M | -$39.0M | -$38.3M | -$32.1M | -$43.2M | -$37.1M |
| EPS (diluted) | -$0.28 | -$0.18 | -$0.18 | -$0.20 | -$0.19 | -$0.16 | -$0.22 | -$0.17 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$55.8M | -$76.7M | -$104.4M | -$58.6M | -$57.1M |
| Capital expenditure | -$4.1M | -$7.6M | -$12.8M | -$14.3M | -$14.3M |
| Free cash flow | -$59.9M | -$84.3M | -$117.1M | -$72.9M | -$71.4M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $4.1M | $51.3M | $65.5M | $19.8M | $6,000 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $139.0M
- Total assets
- $841.5M
- Total liabilities
- $519.4M
- Total debt
- $431.3M
- Net debt
- $292.3M
- Shareholders’ equity
- $294.7M
As of Jun 30, 2026 (filed Aug 7, 2026).
Short interest
- Shares sold short
- 61,998,573
- Days to cover
- 13.39
- Change vs previous report
- -1.7%
FINRA short interest, settlement date Sep 15, 2026.