Filing Flows › indie Semiconductor (INDI) › Q3 2025
indie Semiconductor (INDI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
indie Semiconductor (INDI) reported revenue of $53.7M for the third quarter 2025 (Q3 2025), -0.5% from a year earlier and +4% from the quarter before. Operating margin was -71.4%, net loss $40.7M (75.8% of revenue).
indie Semiconductor, Q3 2025: revenue $53.7M (-0.5% year over year), operating margin -71.4%, net loss $40.7M, operating cash flow −$6.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.7M | +4% | -0.5% |
| Operating profit | −$38.3M | — | — |
| Net earnings | −$40.7M | — | — |
| Operating cash flow | −$6.2M | — | — |
What changed
Revenue was $53.7M in Q3 2025, down 1% year over year and up 4% from the previous quarter. Product was the largest line at 95% of revenue. Product lost $212K year over year (roughly flat), 73% of the total change.
Operating costs exceeded revenue by $38.3M, an operating margin of -71.4%. Total costs fell 11% while revenue fell 1%. The quarter ended with a net loss of $40.7M, narrower than the previous quarter's $41.6M loss. Minority interests bore $2.4M of it: to shareholders the quarter was a loss of $38.3M.
Operating cash flow was −$6.2M. Non-cash charges added back $18.4M of share-based compensation. Working capital and other items added $16.2M. Capital expenditures of $4.2M exceeded it, leaving free cash flow of −$10.3M.
Questions
What was indie Semiconductor's revenue in the third quarter 2025?
indie Semiconductor (INDI) reported revenue of $53.7M for the third quarter 2025 (Q3 2025), -0.5% from a year earlier and +4% from the quarter before.
Was indie Semiconductor profitable in the third quarter 2025?
Operating loss was $38.3M (-71.4% of revenue) and net loss $40.7M.