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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and KAMADA LTD (KMDA). Click either name above to swap in a different company.

indie Semiconductor, Inc. is the larger business by last-quarter revenue ($55.5M vs $47.0M, roughly 1.2× KAMADA LTD). On growth, KAMADA LTD posted the faster year-over-year revenue change (12.6% vs 2.6%). Over the past eight quarters, KAMADA LTD's revenue compounded faster (12.0% CAGR vs 2.9%).

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.

Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.

INDI vs KMDA — Head-to-Head

Bigger by revenue
INDI
INDI
1.2× larger
INDI
$55.5M
$47.0M
KMDA
Growing faster (revenue YoY)
KMDA
KMDA
+10.1% gap
KMDA
12.6%
2.6%
INDI
Faster 2-yr revenue CAGR
KMDA
KMDA
Annualised
KMDA
12.0%
2.9%
INDI

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
INDI
INDI
KMDA
KMDA
Revenue
$55.5M
$47.0M
Net Profit
$5.3M
Gross Margin
38.0%
42.0%
Operating Margin
-70.1%
16.6%
Net Margin
11.3%
Revenue YoY
2.6%
12.6%
Net Profit YoY
37.1%
EPS (diluted)
$0.09

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
INDI
INDI
KMDA
KMDA
Q1 26
$55.5M
Q4 25
$58.0M
Q3 25
$53.7M
$47.0M
Q2 25
$51.6M
$44.8M
Q1 25
$54.1M
$44.0M
Q4 24
$58.0M
Q3 24
$54.0M
$41.7M
Q2 24
$52.4M
$42.5M
Net Profit
INDI
INDI
KMDA
KMDA
Q1 26
Q4 25
$-31.2M
Q3 25
$-38.3M
$5.3M
Q2 25
$-39.0M
$7.4M
Q1 25
$-34.5M
$4.0M
Q4 24
$-34.4M
Q3 24
$-49.7M
$3.9M
Q2 24
$-19.2M
$4.4M
Gross Margin
INDI
INDI
KMDA
KMDA
Q1 26
38.0%
Q4 25
37.3%
Q3 25
40.1%
42.0%
Q2 25
40.6%
42.3%
Q1 25
41.7%
47.1%
Q4 24
42.6%
Q3 24
39.3%
41.3%
Q2 24
42.2%
44.6%
Operating Margin
INDI
INDI
KMDA
KMDA
Q1 26
-70.1%
Q4 25
-58.5%
Q3 25
-71.4%
16.6%
Q2 25
-83.3%
15.8%
Q1 25
-72.0%
17.7%
Q4 24
-58.4%
Q3 24
-92.5%
12.7%
Q2 24
-70.0%
13.3%
Net Margin
INDI
INDI
KMDA
KMDA
Q1 26
Q4 25
-53.8%
Q3 25
-71.3%
11.3%
Q2 25
-75.6%
16.5%
Q1 25
-63.9%
9.0%
Q4 24
-59.2%
Q3 24
-92.1%
9.3%
Q2 24
-36.6%
10.4%
EPS (diluted)
INDI
INDI
KMDA
KMDA
Q1 26
Q4 25
$-0.16
Q3 25
$-0.19
$0.09
Q2 25
$-0.20
$0.13
Q1 25
$-0.18
$0.07
Q4 24
$-0.18
Q3 24
$-0.28
$0.07
Q2 24
$-0.11
$0.08

Balance Sheet & Financial Strength

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

Metric
INDI
INDI
KMDA
KMDA
Cash + ST InvestmentsLiquidity on hand
$174.4M
$72.0M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$348.9M
$265.2M
Total Assets
$869.6M
$377.2M
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDI
INDI
KMDA
KMDA
Q1 26
$174.4M
Q4 25
$145.5M
Q3 25
$160.9M
$72.0M
Q2 25
$192.6M
$66.0M
Q1 25
$236.6M
$76.3M
Q4 24
$274.2M
Q3 24
$96.9M
$72.0M
Q2 24
$112.3M
$56.5M
Total Debt
INDI
INDI
KMDA
KMDA
Q1 26
$402.8M
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
INDI
INDI
KMDA
KMDA
Q1 26
$348.9M
Q4 25
$358.0M
Q3 25
$369.2M
$265.2M
Q2 25
$390.4M
$260.0M
Q1 25
$405.6M
$252.0M
Q4 24
$417.9M
Q3 24
$458.6M
$255.3M
Q2 24
$470.7M
$251.2M
Total Assets
INDI
INDI
KMDA
KMDA
Q1 26
$869.6M
Q4 25
$840.8M
Q3 25
$855.1M
$377.2M
Q2 25
$867.6M
$368.2M
Q1 25
$909.0M
$375.1M
Q4 24
$941.4M
Q3 24
$797.5M
$351.2M
Q2 24
$797.3M
$351.0M
Debt / Equity
INDI
INDI
KMDA
KMDA
Q1 26
1.15×
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
INDI
INDI
KMDA
KMDA
Operating Cash FlowLast quarter
$10.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.97×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDI
INDI
KMDA
KMDA
Q1 26
Q4 25
$-14.4M
Q3 25
$-6.2M
$10.4M
Q2 25
$-7.6M
$8.0M
Q1 25
$-29.0M
$-513.0K
Q4 24
$-6.7M
Q3 24
$-22.8M
$22.2M
Q2 24
$-19.7M
$14.0M
Free Cash Flow
INDI
INDI
KMDA
KMDA
Q1 26
Q4 25
$-16.1M
Q3 25
$-10.3M
Q2 25
$-13.6M
Q1 25
$-31.4M
Q4 24
$-8.6M
Q3 24
$-29.3M
Q2 24
$-23.4M
FCF Margin
INDI
INDI
KMDA
KMDA
Q1 26
Q4 25
-27.8%
Q3 25
-19.2%
Q2 25
-26.4%
Q1 25
-58.0%
Q4 24
-14.8%
Q3 24
-54.3%
Q2 24
-44.7%
Capex Intensity
INDI
INDI
KMDA
KMDA
Q1 26
Q4 25
3.0%
Q3 25
7.8%
Q2 25
11.6%
Q1 25
4.4%
Q4 24
3.2%
Q3 24
12.1%
Q2 24
7.0%
Cash Conversion
INDI
INDI
KMDA
KMDA
Q1 26
Q4 25
Q3 25
1.97×
Q2 25
1.09×
Q1 25
-0.13×
Q4 24
Q3 24
5.75×
Q2 24
3.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INDI
INDI

Product revenue$51.6M93%
Contract revenue$3.9M7%

KMDA
KMDA

Segment breakdown not available.

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