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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.

FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $58.0M, roughly 1.9× indie Semiconductor, Inc.). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs -53.8%, a 73.5% gap on every dollar of revenue. Over the past eight quarters, FIRSTSUN CAPITAL BANCORP's revenue compounded faster (6.9% CAGR vs 5.3%).

FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.

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.

FSUN vs INDI — Head-to-Head

Bigger by revenue
FSUN
FSUN
1.9× larger
FSUN
$110.0M
$58.0M
INDI
Higher net margin
FSUN
FSUN
73.5% more per $
FSUN
19.6%
-53.8%
INDI
Faster 2-yr revenue CAGR
FSUN
FSUN
Annualised
FSUN
6.9%
5.3%
INDI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FSUN
FSUN
INDI
INDI
Revenue
$110.0M
$58.0M
Net Profit
$21.6M
$-31.2M
Gross Margin
37.3%
Operating Margin
-58.5%
Net Margin
19.6%
-53.8%
Revenue YoY
-0.0%
Net Profit YoY
-8.4%
9.1%
EPS (diluted)
$0.76
$-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.

Revenue
FSUN
FSUN
INDI
INDI
Q1 26
$110.0M
Q4 25
$110.2M
$58.0M
Q3 25
$107.3M
$53.7M
Q2 25
$105.6M
$51.6M
Q1 25
$96.2M
$54.1M
Q4 24
$98.7M
$58.0M
Q3 24
$98.2M
$54.0M
Q2 24
$96.2M
$52.4M
Net Profit
FSUN
FSUN
INDI
INDI
Q1 26
$21.6M
Q4 25
$24.8M
$-31.2M
Q3 25
$23.2M
$-38.3M
Q2 25
$26.4M
$-39.0M
Q1 25
$23.6M
$-34.5M
Q4 24
$16.4M
$-34.4M
Q3 24
$22.4M
$-49.7M
Q2 24
$24.6M
$-19.2M
Gross Margin
FSUN
FSUN
INDI
INDI
Q1 26
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%
Operating Margin
FSUN
FSUN
INDI
INDI
Q1 26
Q4 25
29.0%
-58.5%
Q3 25
26.4%
-71.4%
Q2 25
31.2%
-83.3%
Q1 25
30.9%
-72.0%
Q4 24
20.4%
-58.4%
Q3 24
29.1%
-92.5%
Q2 24
32.3%
-70.0%
Net Margin
FSUN
FSUN
INDI
INDI
Q1 26
19.6%
Q4 25
22.5%
-53.8%
Q3 25
21.6%
-71.3%
Q2 25
25.0%
-75.6%
Q1 25
24.5%
-63.9%
Q4 24
16.6%
-59.2%
Q3 24
22.8%
-92.1%
Q2 24
25.5%
-36.6%
EPS (diluted)
FSUN
FSUN
INDI
INDI
Q1 26
$0.76
Q4 25
$0.89
$-0.16
Q3 25
$0.82
$-0.19
Q2 25
$0.93
$-0.20
Q1 25
$0.83
$-0.18
Q4 24
$0.57
$-0.18
Q3 24
$0.79
$-0.28
Q2 24
$0.88
$-0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FSUN
FSUN
INDI
INDI
Cash + ST InvestmentsLiquidity on hand
$413.7M
$145.5M
Total DebtLower is stronger
$353.4M
Stockholders' EquityBook value
$1.2B
$358.0M
Total Assets
$8.6B
$840.8M
Debt / EquityLower = less leverage
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSUN
FSUN
INDI
INDI
Q1 26
$413.7M
Q4 25
$652.6M
$145.5M
Q3 25
$659.9M
$160.9M
Q2 25
$785.1M
$192.6M
Q1 25
$621.4M
$236.6M
Q4 24
$615.9M
$274.2M
Q3 24
$573.7M
$96.9M
Q2 24
$535.8M
$112.3M
Total Debt
FSUN
FSUN
INDI
INDI
Q1 26
Q4 25
$353.4M
Q3 25
$353.5M
Q2 25
$352.5M
Q1 25
$379.0M
Q4 24
$381.3M
Q3 24
Q2 24
Stockholders' Equity
FSUN
FSUN
INDI
INDI
Q1 26
$1.2B
Q4 25
$1.2B
$358.0M
Q3 25
$1.1B
$369.2M
Q2 25
$1.1B
$390.4M
Q1 25
$1.1B
$405.6M
Q4 24
$1.0B
$417.9M
Q3 24
$1.0B
$458.6M
Q2 24
$996.6M
$470.7M
Total Assets
FSUN
FSUN
INDI
INDI
Q1 26
$8.6B
Q4 25
$8.5B
$840.8M
Q3 25
$8.5B
$855.1M
Q2 25
$8.4B
$867.6M
Q1 25
$8.2B
$909.0M
Q4 24
$8.1B
$941.4M
Q3 24
$8.1B
$797.5M
Q2 24
$8.0B
$797.3M
Debt / Equity
FSUN
FSUN
INDI
INDI
Q1 26
Q4 25
0.99×
Q3 25
0.96×
Q2 25
0.90×
Q1 25
0.93×
Q4 24
0.91×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FSUN
FSUN
INDI
INDI
Operating Cash FlowLast quarter
$-14.4M
Free Cash FlowOCF − Capex
$-16.1M
FCF MarginFCF / Revenue
-27.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-71.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSUN
FSUN
INDI
INDI
Q1 26
Q4 25
$111.5M
$-14.4M
Q3 25
$49.4M
$-6.2M
Q2 25
$15.0M
$-7.6M
Q1 25
$26.4M
$-29.0M
Q4 24
$101.1M
$-6.7M
Q3 24
$48.1M
$-22.8M
Q2 24
$20.9M
$-19.7M
Free Cash Flow
FSUN
FSUN
INDI
INDI
Q1 26
Q4 25
$104.0M
$-16.1M
Q3 25
$47.6M
$-10.3M
Q2 25
$13.0M
$-13.6M
Q1 25
$24.3M
$-31.4M
Q4 24
$95.7M
$-8.6M
Q3 24
$47.1M
$-29.3M
Q2 24
$19.9M
$-23.4M
FCF Margin
FSUN
FSUN
INDI
INDI
Q1 26
Q4 25
94.3%
-27.8%
Q3 25
44.4%
-19.2%
Q2 25
12.3%
-26.4%
Q1 25
25.3%
-58.0%
Q4 24
97.0%
-14.8%
Q3 24
47.9%
-54.3%
Q2 24
20.6%
-44.7%
Capex Intensity
FSUN
FSUN
INDI
INDI
Q1 26
Q4 25
6.8%
3.0%
Q3 25
1.6%
7.8%
Q2 25
1.9%
11.6%
Q1 25
2.1%
4.4%
Q4 24
5.5%
3.2%
Q3 24
1.1%
12.1%
Q2 24
1.1%
7.0%
Cash Conversion
FSUN
FSUN
INDI
INDI
Q1 26
Q4 25
4.49×
Q3 25
2.13×
Q2 25
0.57×
Q1 25
1.12×
Q4 24
6.18×
Q3 24
2.15×
Q2 24
0.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FSUN
FSUN

Net Interest Income$82.8M75%
Noninterest Income$27.2M25%

INDI
INDI

Products$55.7M96%
Services$2.3M4%

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