← indie Semiconductor, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net loss | ($98.4m) | ($118.6m) | ($52.8m) | ($128.8m) | ($144.2m) | ($150.7m) | — | |
| Depreciation and amortization | $2.7m | $6.0m | $14.8m | $31.8m | $39.8m | $40.4m | $45.9m | |
| Amortization of inventory step-up | — | $0 | $0 | $9.8m | $901k | $0 | — | |
| Amortization of discount and cost of issuance of debt | $249k | $198k | $417k | $997k | $1.2m | $2.7m | — | |
| Amortization of right-of-use assets | — | $0 | $1.9m | $2.7m | $3.3m | $3.2m | — | |
| Deferred tax liabilities | $0 | ($516k) | ($2.0m) | ($4.2m) | ($5.4m) | ($536k) | — | |
| Share-based compensation | $0 | $22.9m | $41.9m | $43.7m | $67.2m | $65.1m | $70.0m | |
| Asset impairment in relation to restructuring | — | — | — | $0 | $998k | $3.6m | — | |
| Accounts receivable | ($1.3m) | ($4.5m) | ($12.2m) | ($32.2m) | $9.6m | ($2.9m) | ($7.3m) | |
| Allowance for credit losses and inventory reserves | — | $15k | $1.6m | $892k | $3.9m | $1.7m | — | |
| Inventory | $767k | ($3.2m) | ($4.3m) | ($5.8m) | ($17.0m) | $2.5m | ($20.7m) | |
| Accounts payable | ($207k) | ($2.5m) | $7.4m | ($1.7m) | $11.0m | ($7.7m) | $4.4m | |
| Accrued expenses and other current liabilities | ($38k) | $5.4m | $1.7m | ($3.3m) | $3.5m | $1.2m | — | |
| Accrued payroll liabilities | — | $4.0m | $528k | ($562k) | ($289k) | $152k | — | |
| Purchases of property and equipment, accrued but not paid | $161k | $240k | $1.5m | ($300k) | $352k | ($460k) | ($12.2m) | |
| Other | — | ($86k) | $8k | ($40k) | $0 | $0 | — | |
| Prepaid, other current and noncurrent assets | ($1.9m) | ($3.7m) | ($8.2m) | ($10.3m) | $963k | ($1.1m) | — | |
| Net cash used in operating activities | ($21.2m) |
($55.8m)
-163.07%
|
($76.7m)
-37.49%
|
($104.4m)
-36.02%
|
($58.6m)
+43.86%
|
($57.1m)
+2.51%
|
($71.5m)
-25.18%
|
|
| Purchases of property and equipment | ($637k) | ($2.7m) | ($7.6m) | ($12.8m) | ($14.3m) | ($14.3m) | ($12.2m) | |
| Net cash used in investing activities | ($771k) | ($84.3m) | ($16.3m) | ($107.7m) | ($19.3m) | ($32.0m) | ($29.9m) | |
| Gain from extinguishment of debt | $0 | ($304k) | $0 | $0 | $0 | ($2.6m) | — | |
| Proceeds from issuance of debt obligations | $6.1m | $775k | $161.5m | $1.1m | $230.4m | $2.4m | $172.9m | |
| Issuance and debt discount costs related to debt obligations | — | — | — | $0 | ($667k) | ($50k) | — | |
| Repurchase of debt obligations | — | — | — | $0 | $0 | ($26.8m) | — | |
| Payments on debt obligations | ($4.2m) | ($17.5m) | ($2.2m) | ($12.8m) | ($8.0m) | ($4.0m) | — | |
| Proceeds from issuance of common stock/At-the-market offering | — | $0 | $17.2m | $53.1m | $19.8m | $0 | $17.5m | |
| Offering costs for the issuance of common stock/At-the-market offering | — | $0 | ($379k) | ($1.1m) | ($428k) | $0 | — | |
| Repurchase of common stock | — | $0 | ($7.4m) | $0 | $0 | — | — | |
| Fair value of common stock issued for investment in Expedera | — | — | — | $0 | $3.4m | $0 | — | |
| Fair value of common stock issued for business combination | $0 | $82.4m | $0 | $128.2m | $0 | $0 | — | |
| Fair value of common stock issued to satisfy contingent considerations and acquisition-related holdbacks | — | $0 | $0 | $5.2m | $64.1m | $0 | — | |
| Fair value of common stock issuable for business combination | — | $0 | $0 | $23.5m | $0 | $0 | — | |
| Net cash provided by (used in) financing activities | $33.5m |
$340.6m
+917.64%
|
$192.7m
-43.44%
|
$43.6m
-77.39%
|
$209.3m
+380.49%
|
($38.9m)
-118.60%
|
$47.1m
+220.88%
|
|
| Net increase (decrease) in cash and cash equivalents | $11.5m | $200.8m | $102.4m | ($170.2m) | $132.9m | ($128.8m) | — | |
| Cash, cash equivalents, and restricted cash at beginning of period | $18.7m | $219.5m | $321.9m | $151.7m | $284.5m | $155.7m | — | |
| Effect of exchange rate changes on cash, and cash equivalents | $58k | $265k | $2.8m | ($1.6m) | $1.4m | ($769k) | $502k | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Gain from change in fair value of warrants | $0 | $26.1m | ($55.1m) | ($7.1m) | $0 | $0 | — | |
| (Gain) loss from change in fair value of contingent considerations and acquisition-related holdbacks | — | $38.9m | ($9.5m) | $3.0m | ($29.0m) | ($7.0m) | — | |
| (Gain) loss from change in fair value of currency forward contract | — | $0 | ($208k) | $850k | $1.6m | ($821k) | — | |
| Operating lease liabilities | — | $0 | ($1.5m) | ($2.5m) | ($2.9m) | ($3.1m) | — | |
| Other long-term liabilities | $139k | $45k | ($1.3m) | ($1.9m) | ($3.8m) | ($1.3m) | — | |
| Payments for acquired software license | ($134k) | $0 | — | $0 | ($1.7m) | $0 | — | |
| Business combinations, net of cash acquired | $0 | ($80.3m) | ($8.7m) | ($95.0m) | ($3.2m) | ($17.7m) | — | |
| Proceeds from Wuxi Capital Raise | — | $0 | $41.9m | $0 | $0 | — | — | |
| Issuance costs related to Wuxi Capital Raise | — | $0 | ($39k) | $0 | $0 | — | — | |
| Wuxi EIP capital paid in | — | $0 | $0 | $12.3m | $0 | $0 | — | |
| 2029 convertible note capped call transactions | — | — | — | $0 | ($23.4m) | $0 | — | |
| Payments on financed software | ($400k) | ($2.3m) | ($4.2m) | ($9.1m) | ($5.5m) | ($8.0m) | — | |
| Deferred payments on business combination | $0 | ($399k) | ($1.0m) | $0 | ($3.0m) | ($2.5m) | — | |
| Proceeds from exercise of stock options | $0 | $66k | $103k | $31k | $53k | $6k | — | |
| Cash paid for taxes | $0 | ($1.8m) | $0 | $0 | $0 | $674k | — | |
| Cash paid for interest | $1.5m | $1.2m | $376k | $7.4m | $7.4m | $15.0m | — | |
| Contingent consideration for business combination | $0 | $4.0m | $7.8m | $81.7m | $4.6m | $7.3m | — | |
| Accrual for purchase consideration for business combination | — | $7.5m | $9.7m | $800k | $800k | $3.0m | — |