indie Semiconductor, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
INDI$2.28+3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(Amounts in thousands, except share and per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Product revenue | $51,073 | $51,285 | $151,213 | $148,872 |
| Contract revenue | 2,603 | 2,680 | 8,174 | 9,801 |
| Total revenue | 53,676 | 53,965 | 159,387 | 158,673 |
| Operating expenses: | ||||
| Cost of goods sold | 32,173 | 32,730 | 94,394 | 93,060 |
| Research and development | 37,987 | 45,968 | 118,574 | 136,858 |
| Selling, general, and administrative | 20,816 | 20,848 | 58,538 | 60,617 |
| Restructuring costs | 1,042 | 4,322 | 8,149 | 4,322 |
| Total operating expenses | 92,018 | 103,868 | 279,655 | 294,857 |
| Loss from operations | (38,342) | (49,903) | (120,268) | (136,184) |
| Other income (expense), net: | ||||
| Interest income | 1,655 | 994 | 6,148 | 3,379 |
| Interest expense | (4,348) | (2,180) | (13,391) | (6,420) |
| Gain (loss) from change in fair value of contingent considerations and acquisition-related holdbacks | 6 | (4,523) | 4,899 | 28,167 |
| Gain from extinguishment of debt | — | — | 2,623 | — |
| Other income (expense) | (28) | 702 | 764 | (98) |
| Total other income (expense), net | (2,715) | (5,007) | 1,043 | 25,028 |
| Net loss before income taxes | (41,057) | (54,910) | (119,225) | (111,156) |
| Income tax benefit (provision) | 363 | 315 | (258) | 1,338 |
| Net loss | (40,694) | (54,595) | (119,483) | (109,818) |
| Less: Net loss attributable to noncontrolling interest | (2,405) | (4,913) | (7,610) | (9,797) |
| Net loss attributable to indie Semiconductor, Inc. | $(38,289) | $(49,682) | $(111,873) | $(100,021) |
| Net loss attributable to common shares — basic | $(38,289) | $(49,682) | $(111,873) | $(100,021) |
| Net loss attributable to common shares — diluted | $(38,289) | $(49,682) | $(111,873) | $(100,021) |
| Net loss per share attributable to common shares — basic | $(0.19) | $(0.28) | $(0.57) | $(0.58) |
| Net loss per share attributable to common shares — diluted | $(0.19) | $(0.28) | $(0.57) | $(0.58) |
| Weighted average common shares outstanding — basic | 199,326,145 | 179,491,349 | 195,286,712 | 171,449,437 |
| Weighted average common shares outstanding — diluted | 199,326,145 | 179,491,349 | 195,286,712 | 171,449,437 |
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