indie Semiconductor (INDI) Research & Development (2020 - 2026)
indie Semiconductor (INDI) posted Research & Development of $37.81 million for Q2 2026, down 1.7% from $38.47 million a year earlier and down 1.9% from the prior quarter.
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Analysis
indie Semiconductor (INDI) Research & Development (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at indie Semiconductor was $149.84 million, down 9.1% year-over-year; for FY2025, it came in at $154.09 million, down 12.0% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 47.6% (FY2020 to FY2025).
- In prior years, indie Semiconductor's Research & Development was $175.11 million in FY2024 (+13.3%), $154.51 million in FY2023 (+27.5%), $121.2 million in FY2022 (+108.5%) and $58.12 million in FY2021 (+164.0%).
- Quarterly Research & Development has run from a low of $15.04 million in Q3 2021 to a high of $49.59 million in Q1 2024 over five years.
- On a year-over-year basis, Research & Development has declined in each of the last six quarters, with an average decline of 4.3% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q1 2022, with growth of 240.0%; the weakest was Q3 2025, with a decline of 17.4%.
- According to Business Quant data, Research & Development for the three prior quarters was $38.53 million (Q1 2026), $35.52 million (Q4 2025) and $37.99 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,638.19 Bn | 5,412.36 Bn | 72.14 Bn | 7.05 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,452.80 Bn | 2,078.51 Bn | 27.22 Bn | 2.31 Bn |
| 3 | Broadcom | 1,695.44 Bn | 1,621.48 Bn | 20.46 Bn | 2.90 Bn |
| 4 | Micron Technology | 1,213.55 Bn | 1,152.31 Bn | 35.06 Bn | 1.32 Bn |
| 5 | Advanced Micro Devices | 1,034.54 Bn | 991.29 Bn | 6.20 Bn | 2.53 Bn |
| 6 | Asml Holding | 719.69 Bn | 675.53 Bn | 5.90 Bn | - |
| 7 | Intel | 601.78 Bn | 486.52 Bn | 6.51 Bn | 3.37 Bn |
| 8 | Lam Research | 434.81 Bn | 411.60 Bn | 3.48 Bn | 642.92 Mn |
| 9 | Applied Materials | 428.57 Bn | 394.02 Bn | 4.59 Bn | 1.10 Bn |
| 10 | indie Semiconductor | 637.08 Mn | 44.84 Mn | 23.09 Mn | 37.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.81 Mn |
| Mar 31, 2026 | 38.53 Mn |
| Dec 31, 2025 | 35.52 Mn |
| Sep 30, 2025 | 37.99 Mn |
| Jun 30, 2025 | 38.47 Mn |
| Mar 31, 2025 | 42.12 Mn |
| Dec 31, 2024 | 38.25 Mn |
| Sep 30, 2024 | 45.97 Mn |
| Jun 30, 2024 | 41.30 Mn |
| Mar 31, 2024 | 49.59 Mn |
| Dec 31, 2023 | 34.28 Mn |
| Sep 30, 2023 | 41.59 Mn |
| Jun 30, 2023 | 42.07 Mn |
| Mar 31, 2023 | 36.56 Mn |
| Dec 31, 2022 | 33.00 Mn |
| Sep 30, 2022 | 30.23 Mn |
| Jun 30, 2022 | 28.47 Mn |
| Mar 31, 2022 | 29.50 Mn |
| Dec 31, 2021 | 20.91 Mn |
| Sep 30, 2021 | 15.04 Mn |
API Access
indie Semiconductor Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=INDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "INDI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=INDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();