indie Semiconductor, Inc. reported a total revenue of $217.4 million for the fiscal year ended December 31, 2025, a slight increase of 0.3% from $216.7 million in 2024. The growth was primarily driven by a $4.3 million rise in product revenue, which reached $207 million, while contract revenue fell by 25% to $10.4 million due to the winding down of a significant non-recurring engineering project. The company recorded a net loss of $150.7 million, compared to a loss of $144.2 million in the previous year, reflecting ongoing challenges in the semiconductor market and increased operational costs.
In terms of operational changes, indie Semiconductor has been actively restructuring its operations to improve efficiency and reduce costs. The company initiated a 2025 Restructuring Plan, which included workforce reductions and the consolidation of facilities, resulting in restructuring costs of $9.1 million for the year. Additionally, indie completed the acquisition of emotion3D GmbH for approximately $17.7 million, which is expected to enhance its capabilities in advanced perception algorithms and software for in-cabin sensing and automated driving.
The company also announced a potential divestiture of its 34.38% equity interest in Wuxi indie Microelectronics, with a gross transaction consideration of approximately $135 million. Wuxi accounted for about 43% of indie's consolidated revenue in 2025, and the divestiture is expected to significantly impact future financial results, as indie will no longer consolidate Wuxi's financials post-transaction. As of December 31, 2025, indie's total assets were reported at $840.8 million, with total liabilities of $456.8 million, reflecting a decrease in cash and cash equivalents from $274.2 million in 2024 to $145.5 million in 2025.
Looking ahead, indie Semiconductor anticipates continued challenges due to macroeconomic conditions, including inflation and geopolitical tensions, which may dampen consumer demand for automotive products. The company plans to focus on enhancing its product offerings and expanding its market presence, particularly in the automotive sector, which is projected to grow significantly in the coming years. The management remains committed to pursuing strategic acquisitions and partnerships to bolster its growth initiatives while navigating the complexities of the semiconductor industry.
About indie Semiconductor, Inc.
Indie Semiconductor designs automotive semiconductors and software for safety systems, ADAS, user experience, and electrification. Its products include sensors, processors, and integrated circuits used in electric and autonomous vehicles. Serving global Tier 1 suppliers and automakers, indie leverages advanced design, packaging, and system integration to deliver high-reliability, innovative solutions that enhance vehicle safety, connectivity, and in-cabin experiences.
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