Filing Flows › indie Semiconductor (INDI) › Q1 2025
indie Semiconductor (INDI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
indie Semiconductor (INDI) reported revenue of $54.1M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -7% from the quarter before. Operating margin was -72.0%, net loss $37.2M (68.7% of revenue).
indie Semiconductor, Q1 2025: revenue $54.1M (+3% year over year), operating margin -72.0%, net loss $37.2M, operating cash flow −$29.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.1M | -7% | +3% |
| Operating profit | −$38.9M | — | — |
| Net earnings | −$37.2M | — | — |
| Operating cash flow | −$29.0M | — | — |
What changed
Revenue was $54.1M in Q1 2025, up 3% year over year and down 7% from the previous quarter. Product revenue was the largest line at 93% of revenue. Product revenue added $1.8M year over year (up 4%), 107% of the total change. Contract revenue declined 3%.
Operating costs exceeded revenue by $38.9M, an operating margin of -72.0%. Total costs fell 9% while revenue rose 3%. The quarter ended with a net loss of $37.2M, wider than the previous quarter's $34.4M loss. Minority interests bore $2.6M of it: to shareholders the quarter was a loss of $34.5M.
Operating cash flow was −$29.0M. Non-cash charges added back $17.2M of share-based compensation. Working capital and other items used $9.1M. Capital expenditures of $2.4M exceeded it, leaving free cash flow of −$31.4M.
Questions
What was indie Semiconductor's revenue in the first quarter 2025?
indie Semiconductor (INDI) reported revenue of $54.1M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -7% from the quarter before.
Was indie Semiconductor profitable in the first quarter 2025?
Operating loss was $38.9M (-72.0% of revenue) and net loss $37.2M.