All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2021; the latest 2022-03-31.
From the record
indie Semiconductor, Inc.'s filings since 2021 show 2 warning events of 2 kinds: an auditor change (8-K item 4.01, the latest 2021-07-21); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2022-03-31) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+57.3% a year over 6 filed years; profitable in 0 of 6.
From the record
indie Semiconductor, Inc.'s 6 filed years say what it did: revenue went from $23 million in fiscal 2020 to $217 million in fiscal 2025, up 57.3% a year; it rose in 4 of 5 years; the deepest fall was 3% from fiscal 2023 to fiscal 2024; net income was positive in 0 of 6 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 1.9/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: indie Semiconductor, Inc.'s shareholder treatment is put at 1.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 19% of 94 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -37%: lost 37¢ per shareholder dollar. Leverage 54%: owes 54¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, indie Semiconductor, Inc. lost about 37 cents for every dollar of shareholders' money, and gross profitability: its products earned about 10 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 54 cents per dollar of assets, and net share issuance: its share count grew 12.7% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 43% of 97 in its family; net margin -65.8%.
From the record
indie Semiconductor, Inc.'s standing among 97 graded names in its industry family: revenue of $217 million in fiscal 2025 ranks in the bottom 32% by size; a net margin of -65.8% ranks in the bottom 15%; revenue growth of 25.2% a year over the last 3 filed years ranks in the top 17% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 35% of 67 in its family for leadership; chief executive since 2021.
From the record
indie Semiconductor, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mcclymont, Donald (Chief Executive Officer, as filed), filing under that title since 2021-06-21, 5.4 years (top 45% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 5.4 years (bottom 40%); 12 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 8%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 41% of 94 in its family for room to expand.
From the record
indie Semiconductor, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $156 million against debt of $340 million leaves -21.9% of its assets as net cash, bottom 11% of its family; cash from operations less capital spending is -32.9% of revenue (bottom 20%); a gross margin of 39.9% (bottom 48%); research spending of 70.9% of revenue (top 13%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 44% of 93 in its family for growth drivers.
From the record
indie Semiconductor, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 25.2% a year over the last three filed years against 57.3% over all 6, slowing (bottom 8% of its family); the newest year grew 0.3% (bottom 27%); research spending grew 8.3% a year (top 36%); capital spending grew 23.6% a year (top 24%) (its annual reports). indie Semiconductor, Inc. reported 2 product lines in fiscal 2025: Product at $207 million (95%), Service at $10 million (5%); 1 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 19% of 88 in its family for expectations against reality.
From the record
indie Semiconductor, Inc.'s newest year against its own record: revenue of $217 million in fiscal 2025 came in 28.2% below the $303 million its prior three years' pace pointed to (bottom 6% of its family); net income of $143 million against a prior three-year average of $98 million (bottom 34%); a net margin of -65.8% against -51% before (bottom 18%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made