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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

United States

Employees

920

Financials (LTM)

Revenue: $230M
EBITDA: ($58M)

EV

$982M

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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

See Indie Semiconductor forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$230MXXX$217MXXXXXXXXX
Gross Profit$105MXXX$87MXXXXXXXXX
Gross Margin46%XXX40%XXXXXXXXX
EBITDA($58M)XXX($71M)XXXXXXXXX
EBITDA Margin(25%)XXX(32%)XXXXXXXXX
EBIT Margin(19%)XXX(23%)XXXXXXXXX
Net Profit($50M)XXX($58M)XXXXXXXXX
Net Margin(22%)XXX(27%)XXXXXXXXX
Net Debt——$208MXXXXXXXXX

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.

See Indie Semiconductor trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$982M$758M0.0%XXXXXXXXX$-0.26

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Indie Semiconductor Valuation Multiples

Indie Semiconductor trades at 4.3x EV/Revenue multiple, and (17.1x) EV/EBITDA.

See valuation multiples for Indie Semiconductor and 15K+ public comps

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).

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$758MXXX$758MXXXXXXXXX
EV (current)$982MXXX$982MXXXXXXXXX
EV/Revenue4.3xXXX4.5xXXXXXXXXX
EV/EBITDA(17.1x)XXX(13.9x)XXXXXXXXX
EV/EBIT(23.0x)XXX(19.3x)XXXXXXXXX
EV/Gross Profit9.4xXXX11.3xXXXXXXXXX
P/E(15.1x)XXX(13.0x)XXXXXXXXX
EV/FCF—XXX(13.8x)XXXXXXXXX

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.

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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).

See operational valuation multiples for Indie Semiconductor and other 15K+ public comps

Indie Semiconductor Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth28%XXX23%XXXXXXXXX
EBITDA Margin(25%)XXX(32%)XXXXXXXXX
EBITDA Growth(94%)XXX(74%)XXXXXXXXX
Rule of 40—XXX16%XXXXXXXXX
Bessemer Rule of X—XXX51%XXXXXXXXX
Revenue per Employee—XXX$0.2MXXXXXXXXX
Opex per Employee—XXX$0.3MXXXXXXXXX
R&D Expenses to Revenue52%XXX71%XXXXXXXXX
Opex to Revenue—XXX107%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Indie Semiconductor Public Comps

See public comps and valuation multiples for other Semiconductors and Automotive Parts comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
TelsysXXXXXXXXXXXXXXXXXX
ArterisXXXXXXXXXXXXXXXXXX
Solid PowerXXXXXXXXXXXXXXXXXX
Fox Factory HoldingXXXXXXXXXXXXXXXXXX
NuvotonXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

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).

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Latest Acquisitions by Indie Semiconductor

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Indie 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).

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Latest Investments by Indie Semiconductor

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About 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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