indie Semiconductor (INDI) Research & Development (2020 - 2026)
indie Semiconductor (INDI) posted Research & Development of $40.35 million for Q3 2026, up 6.2% from $37.99 million a year earlier and up 6.7% from the prior quarter.
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Analysis
indie Semiconductor (INDI) Research & Development (2020 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Research & Development at indie Semiconductor was $152.2 million, down 2.9% 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%).
- The Q3 2026 figure stands as the highest quarterly Research & Development since Q1 2025.
- On a year-over-year basis, Research & Development increased in two of the last eight quarters, with an average decline of 4.9%.
- 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 $37.81 million (Q2 2026), $38.53 million (Q1 2026) and $35.52 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | SK hynix | 24,980.27 Bn | 24,964.04 Bn | 43.99 Bn | - |
| 2 | Taiwan Semiconductor Manufacturing | 10,337.48 Bn | 9,919.73 Bn | 31.04 Bn | 2.78 Bn |
| 3 | Nvidia | 3,939.34 Bn | 3,713.50 Bn | 72.14 Bn | 7.05 Bn |
| 4 | Broadcom | 1,653.85 Bn | 1,579.89 Bn | 20.46 Bn | 2.90 Bn |
| 5 | Micron Technology | 880.27 Bn | 785.91 Bn | 47.05 Bn | 1.91 Bn |
| 6 | Advanced Micro Devices | 875.86 Bn | 824.07 Bn | 7.21 Bn | 2.80 Bn |
| 7 | Asml Holding | 576.26 Bn | 531.95 Bn | 5.90 Bn | - |
| 8 | Intel | 316.79 Bn | 179.50 Bn | 7.10 Bn | 3.49 Bn |
| 9 | Applied Materials | 294.03 Bn | 294.03 Bn | 5.25 Bn | 1.13 Bn |
| 10 | indie Semiconductor | 482.67 Mn | -79.95 Mn | 22.37 Mn | 40.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 40.35 Mn |
| 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 |
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();