Filing Flows › indie Semiconductor (INDI) › Q4 2025
indie Semiconductor (INDI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
indie Semiconductor (INDI) reported revenue of $58.0M for the fourth quarter 2025 (Q4 2025), 0% from a year earlier and +8% from the quarter before. Operating margin was -58.5%, net loss $31.2M (53.8% of revenue).
indie Semiconductor, Q4 2025: revenue $58.0M (0% year over year), operating margin -58.5%, net loss $31.2M, operating cash flow −$14.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $58.0M | +8% | 0% |
| Operating profit | −$33.9M | — | — |
| Net earnings | −$31.2M | — | — |
| Operating cash flow | −$14.4M | — | — |
What changed
Revenue was $58.0M in Q4 2025, roughly flat year over year and up 8% from the previous quarter. Product was the largest line at 96% of revenue.
Operating costs exceeded revenue by $33.9M, an operating margin of -58.5%. Total costs grew 0% against flat revenue. The quarter ended with a net loss of $31.2M, narrower than the previous quarter's $40.7M loss.
Operating cash flow was −$14.4M. Non-cash charges added back $14.5M of share-based compensation. Working capital and other items added $2.4M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$16.1M.
Questions
What was indie Semiconductor's revenue in the fourth quarter 2025?
indie Semiconductor (INDI) reported revenue of $58.0M for the fourth quarter 2025 (Q4 2025), 0% from a year earlier and +8% from the quarter before.
Was indie Semiconductor profitable in the fourth quarter 2025?
Operating loss was $33.9M (-58.5% of revenue) and net loss $31.2M.