indie Semiconductor, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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, 2026 · Filed Nov 6, 2026
INDI$2.28+3.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(125,982) | $(119,483) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 33,354 | 30,416 |
| Allowance for credit losses and inventory reserves | 885 | 1,506 |
| Share-based compensation, including restructuring costs | 60,047 | 50,598 |
| Amortization of discount and cost of issuance of debt | 2,133 | 2,077 |
| Asset impairment in relation to restructuring | — | 3,231 |
| Gain from change in fair value of contingent considerations and acquisition-related holdbacks | (3,047) | (4,899) |
| Loss (Gain) from change in fair value of currency forward contract | 1,255 | (1,294) |
| Loss (Gain) from extinguishment of debt | 3,656 | (2,623) |
| Amortization of right-of-use assets | 2,408 | 2,406 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (21,240) | 845 |
| Inventory | (31,410) | 4,890 |
| Accounts payable | 5,667 | (9,812) |
| Accrued expenses and other current liabilities | 1,072 | (310) |
| Accrued payroll liabilities | 1,738 | 3,489 |
| Prepaid, other current and noncurrent assets | (28) | (1,832) |
| Operating lease liabilities | (2,641) | (2,236) |
| Other long-term liabilities | (1,244) | 258 |
| Net cash used in operating activities | (73,377) | (42,773) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (7,033) | (12,554) |
| Business combinations, net of cash acquired | — | (17,673) |
| Net cash used in investing activities | (7,033) | (30,227) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock/At-The-Market offering | 8,626 | — |
| Offering costs for the issuance of common stock/At-the-market offering | (184) | — |
| Proceeds from issuance of debt obligations | 183,691 | 2,845 |
| Issuance and debt discount costs related to debt obligations | (5,387) | (50) |
| Payments on debt obligations | (1,369) | (3,538) |
| Repurchase of debt obligations | (106,371) | (26,829) |
| Payments on financed software | (5,532) | (5,824) |
| Deferred payments on business combination | (2,102) | (2,534) |
| Proceeds from exercise of stock options | 2 | 4 |
| Net cash provided by (used in) financing activities | 71,374 | (35,926) |
| Effect of exchange rate changes on cash and cash equivalents | (2,433) | (4,460) |
| Net decrease in cash and cash equivalents | (11,469) | (113,386) |
| Cash, cash equivalents and restricted cash at beginning of period | 155,741 | 284,548 |
| Cash, cash equivalents and restricted cash at end of period | $144,272 | $171,162 |
| Reconciliation of amounts on condensed consolidated balance sheet: | ||
| Cash and cash equivalents | $134,249 | $160,873 |
| Restricted cash | 10,023 | 10,289 |
| Total cash, cash equivalents and restricted cash | $144,272 | $171,162 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $9,740 | $8,124 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Purchases of property and equipment, accrued but not paid | $65 | $141 |
| Contingent consideration for business combination | $— | $7,287 |
| Accrual for purchase consideration for business combination | $— | $2,970 |
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