indie Semiconductor, Inc. (INDI) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — INDI

Balance Sheet

(in millions USD)

Metric	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021
Cash & Equivalents	138.98	174.43	160.87	192.56	236.61	96.90	112.35	138.17	160.65	180.66	207.40	150.39	163.75	192.98	323.87	354.21
Accounts Receivable	67.82	60.50	53.25	59.13	62.88	56.16	58.07	52.42	43.48	34.90	24.63	22.42	15.84	16.06	8.86	7.19
Inventory	67.63	57.04	45.62	47.03	47.82	52.16	42.46	37.90	39.51	40.87	38.98	11.58	12.57	10.84	5.55	3.36
Total Current Assets	311.56	327.16	297.09	331.76	381.71	240.82	247.56	263.75	269.93	279.52	290.37	194.28	199.44	227.08	341.87	368.85
Property, Plant & Equipment	44.37	43.65	42.16	40.63	34.87	34.68	33.51	29.40	25.91	22.39	21.11	12.51	11.90	12.09	3.28	2.71
Goodwill	286.84	289.68	290.81	276.24	267.59	275.42	289.28	290.40	309.52	281.77	278.95	142.04	125.74	130.42	1.74	1.74
Intangible Assets	153.42	136.05	153.39	148.48	146.31	165.66	149.17	142.34	157.28	149.97	156.50	49.86	83.88	90.80	11.61	12.50
Total Non-current Assets*	529.97	542.40	557.98	535.87	527.31	556.64	549.77	539.90	549.59	501.33	503.21	227.12	246.92	260.14	16.82	17.12
Total Assets	841.53	869.56	855.07	867.63	909.02	797.46	797.33	803.65	819.52	780.84	793.58	421.40	446.37	487.23	358.69	385.96
Accounts Payable	24.79	24.40	19.15	19.67	18.47	26.02	26.53	18.95	19.62	17.00	16.93	8.47	7.61	6.77	5.37	19.32
Short-term Debt	12.32	12.29	14.39	14.23	11.99	19.08	12.59	13.18	4.91	3.66	4.66	13.08	13.20	12.26	2.30	2.29
Total Current Liabilities	85.30	79.64	79.16	76.48	72.04	100.88	93.14	151.67	148.96	104.12	115.02	55.31	50.54	57.00	16.82	28.78
Long-term Debt	416.07	415.11	353.53	352.45	379.03	157.54	157.26	157.00	156.47	156.21	155.96	4.17	4.80	5.31	0.00	0.00
Total Non-current Liabilities*	434.07	440.97	382.99	376.05	405.25	207.78	201.55	190.51	257.72	291.52	320.42	89.75	84.53	112.97	262.53	177.16
Total Liabilities	519.37	520.61	462.15	452.53	477.29	308.66	294.69	342.18	406.68	395.64	435.44	145.05	135.07	169.97	279.35	205.94
Retained Earnings	(717.38)	(680.30)	(605.92)	(567.63)	(528.59)	(461.46)	(411.78)	(392.62)	(346.79)	(329.69)	(316.56)	(231.42)	(193.82)	(189.58)	(175.06)	(95.41)
Total Stockholder Equity	294.67	324.60	369.21	390.41	405.57	458.56	470.71	432.88	413.52	386.28	362.09	295.33	325.55	333.82	96.76	168.92

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Total Revenue	64.01	55.46	58.01	53.68	51.63	54.08	58.01	53.97	52.36	52.35	70.13	60.48	52.11	40.45	33.03	30.02	25.76	22.00	18.96	12.16
Cost of Revenue	40.92	34.38	36.37	32.17	30.69	31.53	33.31	32.73	30.24	30.09	42.24	35.19	32.13	24.06	16.15	14.97	15.18	14.19	11.61	6.93
Gross Profit	23.09	21.08	21.64	21.50	20.94	22.55	24.70	21.24	22.11	22.26	27.90	25.29	19.98	16.40	16.88	15.05	10.58	7.81	7.36	3.92
Research & Development	37.81	38.53	35.52	37.99	38.47	42.12	38.25	45.97	41.30	49.59	34.28	41.59	42.07	36.56	33.00	30.23	28.47	29.50	20.91	15.04
Selling, General & Admin	20.36	21.42	19.15	20.82	18.36	19.37	20.33	20.85	17.45	22.32	15.19	19.84	18.64	16.81	12.83	10.68	12.09	12.64	13.37	11.44
Total Operating Expenses	58.17	59.95	55.59	59.85	63.93	61.48	58.59	71.14	58.75	71.91	49.47	61.44	60.71	53.38	45.84	40.91	40.55	42.14	34.28	7.09
Operating Income	(35.08)	(38.87)	(33.95)	(38.34)	(42.99)	(38.93)	(33.90)	(49.90)	(36.63)	(49.65)	(21.57)	(36.15)	(40.72)	(36.98)	(28.96)	(25.86)	(29.97)	(34.33)	(26.92)	(21.26)
Interest Expense	--	--	--	--	--	--	--	--	--	2.11	2.12	2.24	2.14	2.15	1.20	0.17	0.27	0.06	0.06	0.03
Pretax Income	(39.40)	(47.44)	(34.50)	(41.06)	(41.05)	(37.11)	(34.95)	(54.91)	(20.91)	(35.33)	(16.45)	(18.03)	(13.22)	(85.67)	(16.13)	(44.57)	(6.17)	13.05	(34.16)	(108.20)
Tax Provision	(0.45)	(0.32)	(3.27)	(0.36)	0.56	0.06	(0.58)	(0.31)	0.09	(1.11)	(1.82)	0.65	0.34	(3.71)	(0.37)	0.86	(0.87)	(0.66)	(0.36)	(0.04)
Net Income	(37.08)	(43.19)	(31.19)	(38.29)	(39.04)	(34.55)	(32.58)	(49.68)	(19.16)	(31.18)	(14.65)	(17.10)	(13.13)	(72.75)	(12.39)	(37.61)	(4.23)	10.83	(25.36)	(79.65)
Basic EPS	(0.17)	(0.21)	(0.16)	(0.19)	(0.20)	(0.18)	(0.18)	(0.28)	(0.11)	(0.19)	(0.05)	(0.12)	(0.09)	(0.55)	(0.12)	(0.31)	(0.04)	0.10	(0.19)	(0.83)
Diluted EPS	(0.17)	(0.21)	(0.16)	(0.19)	(0.20)	(0.18)	(0.18)	(0.28)	(0.11)	(0.19)	(0.05)	(0.12)	(0.09)	(0.55)	(0.09)	(0.31)	(0.04)	0.07	(0.19)	(0.83)

Cash Flow Statement

(in millions USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Operating Cash Flow	(28.87)	(22.13)	(14.36)	(6.17)	(7.60)	(29.00)	(6.72)	(22.80)	(19.72)	(9.35)	(16.41)	(14.84)	(40.26)	(32.88)	(17.93)	(21.93)	(21.17)	(15.71)	(18.91)	(14.78)
Capital Expenditures	3.12	3.21	1.74	4.16	6.01	2.38	1.83	6.53	3.66	2.32	4.17	2.02	3.37	3.20	3.06	2.66	1.28	0.56	1.01	0.86
Free Cash Flow*	(31.99)	(25.34)	(16.10)	(10.33)	(13.62)	(31.38)	(8.56)	(29.33)	(23.39)	(11.67)	(20.58)	(16.85)	(43.62)	(36.08)	(20.99)	(24.59)	(22.45)	(16.28)	(19.92)	(15.64)
Investing Cash Flow	(3.12)	(3.21)	(1.74)	(21.83)	(6.01)	(2.38)	(2.53)	(7.55)	(3.66)	(5.52)	(4.17)	1.42	(3.36)	(101.63)	(3.06)	(2.66)	(1.28)	(9.27)	(81.87)	(1.60)
Financing Cash Flow	(3.06)	55.06	(3.01)	(1.92)	(29.27)	(4.74)	185.88	16.90	(0.32)	6.88	9.37	(1.53)	14.66	21.07	190.13	10.38	(7.13)	(0.72)	(3.69)	(14.13)

* Derived from reported values