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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and Katapult Holdings, Inc. (KPLT). Click either name above to swap in a different company.
Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $58.0M, roughly 1.3× indie Semiconductor, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -53.8%, a 80.7% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -0.0%). Katapult Holdings, Inc. produced more free cash flow last quarter ($-12.0M vs $-16.1M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs 5.3%).
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.
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
INDI vs KPLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.0M | $73.9M |
| Net Profit | $-31.2M | $19.8M |
| Gross Margin | 37.3% | 15.6% |
| Operating Margin | -58.5% | -1.4% |
| Net Margin | -53.8% | 26.8% |
| Revenue YoY | -0.0% | 17.3% |
| Net Profit YoY | 9.1% | 307.3% |
| EPS (diluted) | $-0.16 | $3.69 |
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 | $58.0M | $73.9M | ||
| Q3 25 | $53.7M | $74.0M | ||
| Q2 25 | $51.6M | $71.9M | ||
| Q1 25 | $54.1M | $71.9M | ||
| Q4 24 | $58.0M | $63.0M | ||
| Q3 24 | $54.0M | $60.3M | ||
| Q2 24 | $52.4M | $58.9M | ||
| Q1 24 | $52.4M | $65.1M |
| Q4 25 | $-31.2M | $19.8M | ||
| Q3 25 | $-38.3M | $-4.9M | ||
| Q2 25 | $-39.0M | $-7.8M | ||
| Q1 25 | $-34.5M | $-5.7M | ||
| Q4 24 | $-34.4M | $-9.6M | ||
| Q3 24 | $-49.7M | $-8.9M | ||
| Q2 24 | $-19.2M | $-6.9M | ||
| Q1 24 | $-31.2M | $-570.0K |
| Q4 25 | 37.3% | 15.6% | ||
| Q3 25 | 40.1% | 19.7% | ||
| Q2 25 | 40.6% | 15.5% | ||
| Q1 25 | 41.7% | 19.9% | ||
| Q4 24 | 42.6% | 11.8% | ||
| Q3 24 | 39.3% | 19.8% | ||
| Q2 24 | 42.2% | 16.9% | ||
| Q1 24 | 42.5% | 25.3% |
| Q4 25 | -58.5% | -1.4% | ||
| Q3 25 | -71.4% | 3.3% | ||
| Q2 25 | -83.3% | -2.0% | ||
| Q1 25 | -72.0% | -0.7% | ||
| Q4 24 | -58.4% | -7.7% | ||
| Q3 24 | -92.5% | -7.4% | ||
| Q2 24 | -70.0% | -4.5% | ||
| Q1 24 | -94.8% | 5.8% |
| Q4 25 | -53.8% | 26.8% | ||
| Q3 25 | -71.3% | -6.7% | ||
| Q2 25 | -75.6% | -10.9% | ||
| Q1 25 | -63.9% | -7.9% | ||
| Q4 24 | -59.2% | -15.2% | ||
| Q3 24 | -92.1% | -14.7% | ||
| Q2 24 | -36.6% | -11.7% | ||
| Q1 24 | -59.6% | -0.9% |
| Q4 25 | $-0.16 | $3.69 | ||
| Q3 25 | $-0.19 | $-0.94 | ||
| Q2 25 | $-0.20 | $-1.63 | ||
| Q1 25 | $-0.18 | $-1.23 | ||
| Q4 24 | $-0.18 | $-2.17 | ||
| Q3 24 | $-0.28 | $-2.05 | ||
| Q2 24 | $-0.11 | $-1.61 | ||
| Q1 24 | $-0.19 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $145.5M | $22.4M |
| Total DebtLower is stronger | $353.4M | — |
| Stockholders' EquityBook value | $358.0M | $-38.1M |
| Total Assets | $840.8M | $107.9M |
| Debt / EquityLower = less leverage | 0.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $22.4M | ||
| Q3 25 | $160.9M | $3.4M | ||
| Q2 25 | $192.6M | $3.7M | ||
| Q1 25 | $236.6M | $6.0M | ||
| Q4 24 | $274.2M | $3.5M | ||
| Q3 24 | $96.9M | $25.9M | ||
| Q2 24 | $112.3M | $33.7M | ||
| Q1 24 | $138.2M | $31.2M |
| 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 | $358.0M | $-38.1M | ||
| Q3 25 | $369.2M | $-58.4M | ||
| Q2 25 | $390.4M | $-54.1M | ||
| Q1 25 | $405.6M | $-51.7M | ||
| Q4 24 | $417.9M | $-46.8M | ||
| Q3 24 | $458.6M | $-40.3M | ||
| Q2 24 | $470.7M | $-32.9M | ||
| Q1 24 | $432.9M | $-27.5M |
| Q4 25 | $840.8M | $107.9M | ||
| Q3 25 | $855.1M | $85.9M | ||
| Q2 25 | $867.6M | $90.6M | ||
| Q1 25 | $909.0M | $88.5M | ||
| Q4 24 | $941.4M | $93.2M | ||
| Q3 24 | $797.5M | $92.0M | ||
| Q2 24 | $797.3M | $106.6M | ||
| Q1 24 | $803.6M | $106.6M |
| 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 | $-14.4M | $-11.9M |
| Free Cash FlowOCF − Capex | $-16.1M | $-12.0M |
| FCF MarginFCF / Revenue | -27.8% | -16.2% |
| Capex IntensityCapex / Revenue | 3.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | $-71.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $-11.9M | ||
| Q3 25 | $-6.2M | $4.0M | ||
| Q2 25 | $-7.6M | $-6.6M | ||
| Q1 25 | $-29.0M | $3.4M | ||
| Q4 24 | $-6.7M | $-32.6M | ||
| Q3 24 | $-22.8M | $-5.4M | ||
| Q2 24 | $-19.7M | $-628.0K | ||
| Q1 24 | $-9.3M | $2.0M |
| Q4 25 | $-16.1M | $-12.0M | ||
| Q3 25 | $-10.3M | $4.0M | ||
| Q2 25 | $-13.6M | — | ||
| Q1 25 | $-31.4M | $3.4M | ||
| Q4 24 | $-8.6M | $-32.6M | ||
| Q3 24 | $-29.3M | $-5.4M | ||
| Q2 24 | $-23.4M | $-653.0K | ||
| Q1 24 | $-11.7M | — |
| Q4 25 | -27.8% | -16.2% | ||
| Q3 25 | -19.2% | 5.4% | ||
| Q2 25 | -26.4% | — | ||
| Q1 25 | -58.0% | 4.7% | ||
| Q4 24 | -14.8% | -51.8% | ||
| Q3 24 | -54.3% | -9.0% | ||
| Q2 24 | -44.7% | -1.1% | ||
| Q1 24 | -22.3% | — |
| Q4 25 | 3.0% | 0.0% | ||
| Q3 25 | 7.8% | 0.0% | ||
| Q2 25 | 11.6% | 0.0% | ||
| Q1 25 | 4.4% | 0.0% | ||
| Q4 24 | 3.2% | 0.1% | ||
| Q3 24 | 12.1% | 0.0% | ||
| Q2 24 | 7.0% | 0.0% | ||
| Q1 24 | 4.4% | 0.0% |
| Q4 25 | — | -0.60× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
KPLT
Segment breakdown not available.
