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Side-by-side financial comparison of CANTALOUPE, INC. (CTLP) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.
CANTALOUPE, INC. is the larger business by last-quarter revenue ($78.7M vs $58.0M, roughly 1.4× indie Semiconductor, Inc.). CANTALOUPE, INC. runs the higher net margin — -0.1% vs -53.8%, a 53.7% gap on every dollar of revenue. On growth, CANTALOUPE, INC. posted the faster year-over-year revenue change (6.8% vs -0.0%). CANTALOUPE, INC. produced more free cash flow last quarter ($-614.0K vs $-16.1M). Over the past eight quarters, CANTALOUPE, INC.'s revenue compounded faster (7.7% CAGR vs 5.3%).
Cantaloupe, Inc., previously known as USA Technologies Inc., is an American company known for its work with ePort cashless acceptance technology running on its patented ePort Connect service, a PCI compliant services. ePort Connect wirelessly facilitates electronic payment options to consumers with credit, debit, or NFC enabled electronic wallets like Apple Pay and Google Pay while providing operators with both telemetry and machine-to-machine (M2M) services. ePort technology is primarily fou...
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.
CTLP vs INDI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.7M | $58.0M |
| Net Profit | $-70.0K | $-31.2M |
| Gross Margin | — | 37.3% |
| Operating Margin | 2.0% | -58.5% |
| Net Margin | -0.1% | -53.8% |
| Revenue YoY | 6.8% | -0.0% |
| Net Profit YoY | -101.4% | 9.1% |
| EPS (diluted) | $0.00 | $-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 | $78.7M | $58.0M | ||
| Q3 25 | $80.9M | $53.7M | ||
| Q2 25 | $82.6M | $51.6M | ||
| Q1 25 | $75.4M | $54.1M | ||
| Q4 24 | $73.7M | $58.0M | ||
| Q3 24 | $70.8M | $54.0M | ||
| Q2 24 | $72.7M | $52.4M | ||
| Q1 24 | $67.9M | $52.4M |
| Q4 25 | $-70.0K | $-31.2M | ||
| Q3 25 | $-919.0K | $-38.3M | ||
| Q2 25 | $6.8M | $-39.0M | ||
| Q1 25 | $49.2M | $-34.5M | ||
| Q4 24 | $5.0M | $-34.4M | ||
| Q3 24 | $3.6M | $-49.7M | ||
| Q2 24 | $2.2M | $-19.2M | ||
| Q1 24 | $4.7M | $-31.2M |
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 40.1% | ||
| Q2 25 | — | 40.6% | ||
| Q1 25 | — | 41.7% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | — | 39.3% | ||
| Q2 24 | — | 42.2% | ||
| Q1 24 | 39.6% | 42.5% |
| Q4 25 | 2.0% | -58.5% | ||
| Q3 25 | 2.0% | -71.4% | ||
| Q2 25 | 6.3% | -83.3% | ||
| Q1 25 | 9.1% | -72.0% | ||
| Q4 24 | 8.4% | -58.4% | ||
| Q3 24 | 5.8% | -92.5% | ||
| Q2 24 | 4.9% | -70.0% | ||
| Q1 24 | 6.3% | -94.8% |
| Q4 25 | -0.1% | -53.8% | ||
| Q3 25 | -1.1% | -71.3% | ||
| Q2 25 | 8.3% | -75.6% | ||
| Q1 25 | 65.2% | -63.9% | ||
| Q4 24 | 6.7% | -59.2% | ||
| Q3 24 | 5.0% | -92.1% | ||
| Q2 24 | 3.0% | -36.6% | ||
| Q1 24 | 6.9% | -59.6% |
| Q4 25 | $0.00 | $-0.16 | ||
| Q3 25 | $-0.02 | $-0.19 | ||
| Q2 25 | $0.10 | $-0.20 | ||
| Q1 25 | $0.65 | $-0.18 | ||
| Q4 24 | $0.07 | $-0.18 | ||
| Q3 24 | $0.04 | $-0.28 | ||
| Q2 24 | $0.03 | $-0.11 | ||
| Q1 24 | $0.06 | $-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 | $53.0M | $145.5M |
| Total DebtLower is stronger | $37.7M | $353.4M |
| Stockholders' EquityBook value | $252.5M | $358.0M |
| Total Assets | $381.9M | $840.8M |
| Debt / EquityLower = less leverage | 0.15× | 0.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $53.0M | $145.5M | ||
| Q3 25 | $55.0M | $160.9M | ||
| Q2 25 | $51.1M | $192.6M | ||
| Q1 25 | $46.3M | $236.6M | ||
| Q4 24 | $27.7M | $274.2M | ||
| Q3 24 | $33.1M | $96.9M | ||
| Q2 24 | $58.9M | $112.3M | ||
| Q1 24 | $50.2M | $138.2M |
| Q4 25 | $37.7M | $353.4M | ||
| Q3 25 | $38.3M | $353.5M | ||
| Q2 25 | $38.7M | $352.5M | ||
| Q1 25 | $39.2M | $379.0M | ||
| Q4 24 | $37.0M | $381.3M | ||
| Q3 24 | $37.3M | — | ||
| Q2 24 | $37.5M | — | ||
| Q1 24 | $38.1M | — |
| Q4 25 | $252.5M | $358.0M | ||
| Q3 25 | $251.8M | $369.2M | ||
| Q2 25 | $251.0M | $390.4M | ||
| Q1 25 | $240.7M | $405.6M | ||
| Q4 24 | $190.1M | $417.9M | ||
| Q3 24 | $186.2M | $458.6M | ||
| Q2 24 | $181.7M | $470.7M | ||
| Q1 24 | $178.8M | $432.9M |
| Q4 25 | $381.9M | $840.8M | ||
| Q3 25 | $389.5M | $855.1M | ||
| Q2 25 | $381.9M | $867.6M | ||
| Q1 25 | $370.5M | $909.0M | ||
| Q4 24 | $303.0M | $941.4M | ||
| Q3 24 | $312.1M | $797.5M | ||
| Q2 24 | $335.6M | $797.3M | ||
| Q1 24 | $319.9M | $803.6M |
| Q4 25 | 0.15× | 0.99× | ||
| Q3 25 | 0.15× | 0.96× | ||
| Q2 25 | 0.15× | 0.90× | ||
| Q1 25 | 0.16× | 0.93× | ||
| Q4 24 | 0.19× | 0.91× | ||
| Q3 24 | 0.20× | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 0.21× | — |
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 | $3.1M | $-14.4M |
| Free Cash FlowOCF − Capex | $-614.0K | $-16.1M |
| FCF MarginFCF / Revenue | -0.8% | -27.8% |
| Capex IntensityCapex / Revenue | 4.8% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $25.8M | $-71.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1M | $-14.4M | ||
| Q3 25 | $7.0M | $-6.2M | ||
| Q2 25 | $9.4M | $-7.6M | ||
| Q1 25 | $22.4M | $-29.0M | ||
| Q4 24 | $522.0K | $-6.7M | ||
| Q3 24 | $-12.0M | $-22.8M | ||
| Q2 24 | $14.3M | $-19.7M | ||
| Q1 24 | $14.7M | $-9.3M |
| Q4 25 | $-614.0K | $-16.1M | ||
| Q3 25 | $3.5M | $-10.3M | ||
| Q2 25 | $4.3M | $-13.6M | ||
| Q1 25 | $18.6M | $-31.4M | ||
| Q4 24 | $-3.8M | $-8.6M | ||
| Q3 24 | $-15.8M | $-29.3M | ||
| Q2 24 | $8.5M | $-23.4M | ||
| Q1 24 | $11.4M | $-11.7M |
| Q4 25 | -0.8% | -27.8% | ||
| Q3 25 | 4.4% | -19.2% | ||
| Q2 25 | 5.3% | -26.4% | ||
| Q1 25 | 24.6% | -58.0% | ||
| Q4 24 | -5.1% | -14.8% | ||
| Q3 24 | -22.3% | -54.3% | ||
| Q2 24 | 11.7% | -44.7% | ||
| Q1 24 | 16.9% | -22.3% |
| Q4 25 | 4.8% | 3.0% | ||
| Q3 25 | 4.2% | 7.8% | ||
| Q2 25 | 6.2% | 11.6% | ||
| Q1 25 | 5.1% | 4.4% | ||
| Q4 24 | 5.8% | 3.2% | ||
| Q3 24 | 5.4% | 12.1% | ||
| Q2 24 | 7.9% | 7.0% | ||
| Q1 24 | 4.8% | 4.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | -3.36× | — | ||
| Q2 24 | 6.47× | — | ||
| Q1 24 | 3.16× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTLP
| Transaction Processing | $47.9M | 61% |
| Subscription Revenue | $21.8M | 28% |
| Products | $9.0M | 11% |
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
