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Side-by-side financial comparison of AMBARELLA INC (AMBA) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.
AMBARELLA INC is the larger business by last-quarter revenue ($108.5M vs $58.0M, roughly 1.9× indie Semiconductor, Inc.). AMBARELLA INC runs the higher net margin — -13.9% vs -53.8%, a 39.9% gap on every dollar of revenue. On growth, AMBARELLA INC posted the faster year-over-year revenue change (31.2% vs -0.0%). AMBARELLA INC produced more free cash flow last quarter ($31.4M vs $-16.1M). Over the past eight quarters, AMBARELLA INC's revenue compounded faster (45.0% CAGR vs 5.3%).
Ambarella, Inc. is an American fabless semiconductor design company, focusing on low-power, high-definition (HD) and Ultra HD video compression, image processing, and computer vision processors. Ambarella's products are used in a wide variety of human and computer vision applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver and in-cabin monitoring, autonomous driving, and robotics applications. Ambarella's system on chips ...
indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.
AMBA vs INDI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $108.5M | $58.0M |
| Net Profit | $-15.1M | $-31.2M |
| Gross Margin | 59.6% | 37.3% |
| Operating Margin | -15.0% | -58.5% |
| Net Margin | -13.9% | -53.8% |
| Revenue YoY | 31.2% | -0.0% |
| Net Profit YoY | 37.2% | 9.1% |
| EPS (diluted) | $-0.35 | $-0.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $108.5M | $58.0M | ||
| Q3 25 | $95.5M | $53.7M | ||
| Q2 25 | $85.9M | $51.6M | ||
| Q1 25 | $84.0M | $54.1M | ||
| Q4 24 | $82.7M | $58.0M | ||
| Q3 24 | $63.7M | $54.0M | ||
| Q2 24 | $54.5M | $52.4M | ||
| Q1 24 | $51.6M | $52.4M |
| Q4 25 | $-15.1M | $-31.2M | ||
| Q3 25 | $-20.0M | $-38.3M | ||
| Q2 25 | $-24.3M | $-39.0M | ||
| Q1 25 | $-20.2M | $-34.5M | ||
| Q4 24 | $-24.1M | $-34.4M | ||
| Q3 24 | $-34.9M | $-49.7M | ||
| Q2 24 | $-37.9M | $-19.2M | ||
| Q1 24 | $-60.6M | $-31.2M |
| Q4 25 | 59.6% | 37.3% | ||
| Q3 25 | 58.9% | 40.1% | ||
| Q2 25 | 60.0% | 40.6% | ||
| Q1 25 | 60.0% | 41.7% | ||
| Q4 24 | 60.6% | 42.6% | ||
| Q3 24 | 60.8% | 39.3% | ||
| Q2 24 | 60.9% | 42.2% | ||
| Q1 24 | 59.8% | 42.5% |
| Q4 25 | -15.0% | -58.5% | ||
| Q3 25 | -23.0% | -71.4% | ||
| Q2 25 | -30.1% | -83.3% | ||
| Q1 25 | -30.2% | -72.0% | ||
| Q4 24 | -30.9% | -58.4% | ||
| Q3 24 | -56.9% | -92.5% | ||
| Q2 24 | -72.4% | -70.0% | ||
| Q1 24 | -80.8% | -94.8% |
| Q4 25 | -13.9% | -53.8% | ||
| Q3 25 | -20.9% | -71.3% | ||
| Q2 25 | -28.3% | -75.6% | ||
| Q1 25 | -24.1% | -63.9% | ||
| Q4 24 | -29.1% | -59.2% | ||
| Q3 24 | -54.8% | -92.1% | ||
| Q2 24 | -69.6% | -36.6% | ||
| Q1 24 | -117.4% | -59.6% |
| Q4 25 | $-0.35 | $-0.16 | ||
| Q3 25 | $-0.47 | $-0.19 | ||
| Q2 25 | $-0.58 | $-0.20 | ||
| Q1 25 | $-0.48 | $-0.18 | ||
| Q4 24 | $-0.58 | $-0.18 | ||
| Q3 24 | $-0.85 | $-0.28 | ||
| Q2 24 | $-0.93 | $-0.11 | ||
| Q1 24 | $-1.51 | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.1M | $145.5M |
| Total DebtLower is stronger | — | $353.4M |
| Stockholders' EquityBook value | $590.1M | $358.0M |
| Total Assets | $751.9M | $840.8M |
| Debt / EquityLower = less leverage | — | 0.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $145.5M | ||
| Q3 25 | $142.7M | $160.9M | ||
| Q2 25 | $141.3M | $192.6M | ||
| Q1 25 | $144.6M | $236.6M | ||
| Q4 24 | $127.1M | $274.2M | ||
| Q3 24 | $153.9M | $96.9M | ||
| Q2 24 | $131.8M | $112.3M | ||
| Q1 24 | $144.9M | $138.2M |
| Q4 25 | — | $353.4M | ||
| Q3 25 | — | $353.5M | ||
| Q2 25 | — | $352.5M | ||
| Q1 25 | — | $379.0M | ||
| Q4 24 | — | $381.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $590.1M | $358.0M | ||
| Q3 25 | $576.5M | $369.2M | ||
| Q2 25 | $572.7M | $390.4M | ||
| Q1 25 | $561.4M | $405.6M | ||
| Q4 24 | $554.3M | $417.9M | ||
| Q3 24 | $547.6M | $458.6M | ||
| Q2 24 | $555.4M | $470.7M | ||
| Q1 24 | $559.9M | $432.9M |
| Q4 25 | $751.9M | $840.8M | ||
| Q3 25 | $706.4M | $855.1M | ||
| Q2 25 | $701.9M | $867.6M | ||
| Q1 25 | $689.0M | $909.0M | ||
| Q4 24 | $670.8M | $941.4M | ||
| Q3 24 | $650.3M | $797.5M | ||
| Q2 24 | $638.7M | $797.3M | ||
| Q1 24 | $657.7M | $803.6M |
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | $-14.4M |
| Free Cash FlowOCF − Capex | $31.4M | $-16.1M |
| FCF MarginFCF / Revenue | 29.0% | -27.8% |
| Capex IntensityCapex / Revenue | 2.7% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.3M | $-71.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.3M | $-14.4M | ||
| Q3 25 | $5.5M | $-6.2M | ||
| Q2 25 | $14.8M | $-7.6M | ||
| Q1 25 | $25.4M | $-29.0M | ||
| Q4 24 | $6.6M | $-6.7M | ||
| Q3 24 | $16.7M | $-22.8M | ||
| Q2 24 | $-15.0M | $-19.7M | ||
| Q1 24 | $-4.0M | $-9.3M |
| Q4 25 | $31.4M | $-16.1M | ||
| Q3 25 | $1.4M | $-10.3M | ||
| Q2 25 | $10.2M | $-13.6M | ||
| Q1 25 | $21.2M | $-31.4M | ||
| Q4 24 | $4.1M | $-8.6M | ||
| Q3 24 | $14.2M | $-29.3M | ||
| Q2 24 | $-16.1M | $-23.4M | ||
| Q1 24 | $-6.0M | $-11.7M |
| Q4 25 | 29.0% | -27.8% | ||
| Q3 25 | 1.4% | -19.2% | ||
| Q2 25 | 11.9% | -26.4% | ||
| Q1 25 | 25.3% | -58.0% | ||
| Q4 24 | 5.0% | -14.8% | ||
| Q3 24 | 22.2% | -54.3% | ||
| Q2 24 | -29.5% | -44.7% | ||
| Q1 24 | -11.6% | -22.3% |
| Q4 25 | 2.7% | 3.0% | ||
| Q3 25 | 4.3% | 7.8% | ||
| Q2 25 | 5.3% | 11.6% | ||
| Q1 25 | 5.0% | 4.4% | ||
| Q4 24 | 3.0% | 3.2% | ||
| Q3 24 | 4.0% | 12.1% | ||
| Q2 24 | 2.1% | 7.0% | ||
| Q1 24 | 3.7% | 4.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMBA
| TW | $76.0M | 70% |
| Asia Pacific Other Than Taiwan | $20.2M | 19% |
| North America Other Than United States | $7.4M | 7% |
| Other | $5.0M | 5% |
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
