indie Semiconductor Inc. Class A Common Stock (INDI)

FairStock Score: 40/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn consistent profits, generate cash, and possess a durable competitive advantage. indie Semiconductor operates in an attractive niche - automotive chips and software for advanced driver assistance, autonomous driving, connected cars, user experience, and electrification - but the financial record is not one I can admire. In fiscal 2025, the year ended 2025-12-31, revenue was $217.4 million while net income was -$143.1 million and diluted EPS was -$0.73. That follows fiscal 2024 revenue of $216.7 million, net income of -$132.6 million, and fiscal 2023 revenue of $223.2 million, net income of -$117.6 million. Revenue has stalled while losses have widened across those annual periods. FairStock assigns no Peter Lynch category because the company lost money in each of the last four years. Financial health is weak: trailing free cash flow was -$83.8 million, a FairStock FCF yield of -17.8%; FairStock's Altman Z-score of -0.39 and D/E of 1.34 signal balance-sheet strain. The Piotroski F-score is 4/9. Recent quarterly revenue is improving - fiscal Q2 2026, ended 2026-06-30, was $64.0 million versus $51.6 million in fiscal Q2 2025 - but net income remained -$37.1 million. At the close on 2026-10-13, the price was $2.21; FairStock's P/B is 1.62, P/E is -3.03, and ROE is -42.86%. Book value alone does not create value when profits and cash flow are negative. Until indie shows a credible path to positive earnings and free cash flow, this looks like speculation, not a Graham-style bargain.

In plain English: indie Semiconductor makes chips and software for cars, including driver-assistance, self-driving, connected-car, and electric-vehicle features. The business is growing sales in the latest quarter but still loses a lot of money and burns cash, and it carries debt. At $2.21, the shares look low compared with the company's accounting value, but because there are no profits, it is hard to call them clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer