China was indie Semiconductor’s largest region in fiscal 2025, bringing in $308.62M of $652.18M (47%).
| Geography | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| China | $131.91M | $303.97M | $294.92M | $308.62M | ||
| United States | $119.75M | $160.67M | $114.59M | $100.16M | ||
| United States | — | — | — | — | ||
| Europe | $50.14M | $108.13M | $112.01M | $128.57M | ||
| South Korea | $11.18M | $56.30M | $45.63M | $45.15M | ||
| Rest Of Asia Pacific | $612.00K | $8.85M | $63.74M | $55.49M | ||
| Rest Of North America | $14.36M | $25.43M | $13.31M | $9.69M | ||
| South America | $4.44M | $6.16M | $5.84M | $4.52M | ||
| Latin America | — | — | — | — | ||
| Total | $332.39M | $669.51M | $650.05M | $652.18M |
indie Semiconductor brought in $652.18M from its seven regions in fiscal 2025, the year ended December 31, 2025. That was up 0.3% from $650.05M in fiscal 2024. China was the largest at $308.62M (47.3%), ahead of Europe at $128.57M (19.7%) and United States at $100.16M (15.4%). The other four regions brought in $114.84M combined.
Compared with fiscal 2024, Europe grew fastest, up 14.8% to $128.57M, while Rest Of Asia Pacific fell the most, down 12.9% to $55.49M. From fiscal 2022 to 2025, combined revenue from these regions grew from $332.39M to $652.18M, a compound annual growth rate of 25.2%. China's share of the total rose from 39.7% to 47.3%.
Product Revenue was indie Semiconductor’s largest product and service line in fiscal 2025, bringing in $620.88M of $652.18M (95%).
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Product Revenue | $268.37M | $586.87M | $608.09M | $620.88M | ||
| Contract Revenue | $64.02M | $82.64M | $41.95M | $31.30M | ||
| Total | $332.39M | $669.51M | $650.05M | $652.18M |
indie Semiconductor brought in $652.18M from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 0.3% from $650.05M in fiscal 2024. Product Revenue was the largest at $620.88M (95.2%), ahead of Contract Revenue at $31.30M (4.8%).
Compared with fiscal 2024, Product Revenue grew 2.1% to $620.88M, while Contract Revenue fell 25.4% to $31.30M. From fiscal 2022 to 2025, combined revenue from these lines grew from $332.39M to $652.18M, a compound annual growth rate of 25.2%. Product Revenue's share of the total rose from 80.7% to 95.2%.
indie Semiconductor (INDI) reports its revenue by geography and by product and service. In fiscal 2025, China was its largest region, bringing in $308.62M (47.3% of the total), followed by Europe at $128.57M (19.7%).
China was indie Semiconductor's largest region in fiscal 2025, bringing in $308.62M, or 47.3% of the $652.18M total across its seven regions.
Product Revenue was indie Semiconductor's largest product and service line in fiscal 2025, bringing in $620.88M, or 95.2% of the $652.18M total across its two product and service lines.
Among indie Semiconductor's regions that make up at least 2% of revenue, Europe grew fastest in fiscal 2025, up 14.8% from $112.01M to $128.57M.
Every figure comes from indie Semiconductor's annual financial filings, as reported. Each line keeps the name indie Semiconductor gives it, and years follow its fiscal calendar.
indie Semiconductor's revenue by geography goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.