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Indie Semiconductor Valuation Multiples
Discover revenue and EBITDA valuation multiples for Indie Semiconductor and similar public comparables like Telsys, Arteris, Solid Power, Fox Factory Holding and more.
Indie Semiconductor Overview
About Indie Semiconductor
Indie Semiconductor Inc is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. It focuses on edge sensors for Driver Assistance Systems including LiDAR, connected car, user experience, and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms. Geographically, the company generates majority of its revenue from Greater China and rest from United States, Europe, South Korea and other regions.
Founded
2020
HQ

Employees
920
Website
Financials (LTM)
EV
$982M
Indie Semiconductor Financials
Indie Semiconductor reported last 12-month revenue of $230M and negative EBITDA of ($58M).
In the same LTM period, Indie Semiconductor generated $105M in gross profit, ($58M) in EBITDA losses, and had net loss of ($50M).
Revenue (LTM)
Indie Semiconductor P&L
In the most recent fiscal year, Indie Semiconductor reported revenue of $217M and EBITDA of ($71M).
Indie Semiconductor expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $230M | XXX | $217M | XXX | XXX | XXX |
| Gross Profit | $105M | XXX | $87M | XXX | XXX | XXX |
| Gross Margin | 46% | XXX | 40% | XXX | XXX | XXX |
| EBITDA | ($58M) | XXX | ($71M) | XXX | XXX | XXX |
| EBITDA Margin | (25%) | XXX | (32%) | XXX | XXX | XXX |
| EBIT Margin | (19%) | XXX | (23%) | XXX | XXX | XXX |
| Net Profit | ($50M) | XXX | ($58M) | XXX | XXX | XXX |
| Net Margin | (22%) | XXX | (27%) | XXX | XXX | XXX |
| Net Debt | — | — | $208M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Indie Semiconductor Stock Performance
Indie Semiconductor has current market cap of $758M, and enterprise value of $982M.
Market Cap Evolution
Indie Semiconductor's stock price is $3.40.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $982M | $758M | 0.0% | XXX | XXX | XXX | $-0.26 |
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Start Free TrialIndie Semiconductor Valuation Multiples
Indie Semiconductor trades at 4.3x EV/Revenue multiple, and (17.1x) EV/EBITDA.
EV / Revenue (LTM)
Indie Semiconductor Financial Valuation Multiples
As of April 2, 2026, Indie Semiconductor has market cap of $758M and EV of $982M.
Equity research analysts estimate Indie Semiconductor's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Indie Semiconductor has a P/E ratio of (15.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $758M | XXX | $758M | XXX | XXX | XXX |
| EV (current) | $982M | XXX | $982M | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBITDA | (17.1x) | XXX | (13.9x) | XXX | XXX | XXX |
| EV/EBIT | (23.0x) | XXX | (19.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 9.4x | XXX | 11.3x | XXX | XXX | XXX |
| P/E | (15.1x) | XXX | (13.0x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (13.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Indie Semiconductor Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Indie Semiconductor Margins & Growth Rates
Indie Semiconductor's revenue in the last 12 month grew by 28%.
Indie Semiconductor's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.3M for the same period.
Indie Semiconductor's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Indie Semiconductor's rule of X is 51% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Indie Semiconductor Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 28% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Margin | (25%) | XXX | (32%) | XXX | XXX | XXX |
| EBITDA Growth | (94%) | XXX | (74%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 16% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 51% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 52% | XXX | 71% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 107% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Indie Semiconductor Public Comps
See public comps and valuation multiples for other Semiconductors and Automotive Parts comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Telsys | XXX | XXX | XXX | XXX | XXX | XXX |
| Arteris | XXX | XXX | XXX | XXX | XXX | XXX |
| Solid Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Fox Factory Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Nuvoton | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Indie Semiconductor M&A Activity
Indie Semiconductor acquired XXX companies to date.
Last acquisition by Indie Semiconductor was on XXXXXXXX, XXXXX. Indie Semiconductor acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Indie Semiconductor
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIndie Semiconductor Investment Activity
Indie Semiconductor invested in XXX companies to date.
Indie Semiconductor made its latest investment on XXXXXXXX, XXXXX. Indie Semiconductor invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Indie Semiconductor
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Indie Semiconductor
| When was Indie Semiconductor founded? | Indie Semiconductor was founded in 2020. |
| Where is Indie Semiconductor headquartered? | Indie Semiconductor is headquartered in United States. |
| How many employees does Indie Semiconductor have? | As of today, Indie Semiconductor has over 920 employees. |
| Who is the CEO of Indie Semiconductor? | Indie Semiconductor's CEO is Donald McClymont. |
| Is Indie Semiconductor publicly listed? | Yes, Indie Semiconductor is a public company listed on Nasdaq. |
| What is the stock symbol of Indie Semiconductor? | Indie Semiconductor trades under INDI ticker. |
| When did Indie Semiconductor go public? | Indie Semiconductor went public in 2021. |
| Who are competitors of Indie Semiconductor? | Indie Semiconductor main competitors are Telsys, Arteris, Solid Power, Fox Factory Holding. |
| What is the current market cap of Indie Semiconductor? | Indie Semiconductor's current market cap is $758M. |
| What is the current revenue of Indie Semiconductor? | Indie Semiconductor's last 12 months revenue is $230M. |
| What is the current revenue growth of Indie Semiconductor? | Indie Semiconductor revenue growth (NTM/LTM) is 28%. |
| What is the current EV/Revenue multiple of Indie Semiconductor? | Current revenue multiple of Indie Semiconductor is 4.3x. |
| Is Indie Semiconductor profitable? | No, Indie Semiconductor is not profitable. |
| What is the current EBITDA of Indie Semiconductor? | Indie Semiconductor has negative EBITDA and is not profitable. |
| What is Indie Semiconductor's EBITDA margin? | Indie Semiconductor's last 12 months EBITDA margin is (25%). |
| What is the current EV/EBITDA multiple of Indie Semiconductor? | Current EBITDA multiple of Indie Semiconductor is (17.1x). |
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