INDIindie Semiconductor, Inc.
Semiconductors & Related Devices
- Revenue
- $217M
- 0.3% YoY
- Operating margin
- -70.9%
- 9.6% YoY
- EBITDA
- −$154M
- 9.3% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $277M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired30% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear34% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $48M | $111M | $223M | $217M | $217M | 0.3% |
| Operating income | −$75M | −$119M | −$135M | −$170M | −$154M | 9.3% |
| Net income | −$119M | −$53M | −$129M | −$144M | −$151M | 4.5% |
| Operating cash flow | −$56M | −$77M | −$104M | −$59M | −$57M | 2.5% |
| Capex | $3M | $8M | $13M | $14M | $14M | 0.3% |
| Stock-based comp | $23M | $42M | $44M | $67M | $65M | 3.2% |
| Buybacks | $0 | $7M | $0 | $0 | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $167K · 2
- Net
- −$167K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $2M | 33 | 221 |
| FY2024 | $3M | −$993K | 38 | 155 |
| FY2023 | $4M | $6M | 75 | 130 |
| FY2022 | $2M | $1M | 54 | 79 |
| FY2021 | $255K | $255K | 111 | 123 |