Quarterly ResultMay 11, 2026, 06:02 AM
indie Semiconductor Q1 Net Loss Widens to $(47.1)M; Revenue $55.5M
AI Summary
indie Semiconductor reported a net loss of $(47.1) million for Q1 2026, a significant increase from $(37.2) million in Q1 2025, despite a slight revenue increase to $55.5 million. The company's total liabilities grew to $520.6 million, driven by a substantial increase in long-term debt. Cash and cash equivalents saw an increase, partly due to new debt issuances and repurchases during the quarter.
Key Highlights
- Net loss widened to $(47.1) million in Q1 2026 from $(37.2) million in Q1 2025.
- Total revenue increased slightly to $55.5 million in Q1 2026 from $54.1 million in Q1 2025.
- Net loss per share was $(0.21) in Q1 2026, compared to $(0.18) in Q1 2025.
- Total liabilities increased to $520.6 million as of March 31, 2026.
- Long-term debt, net of current portion, rose to $402.8 million.
- Cash and cash equivalents increased to $174.4 million as of March 31, 2026.
- Net cash used in operating activities was $(22.1) million in Q1 2026.
- Issued $170.5 million in new debt and repurchased $106.4 million in debt.
Price Impact
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