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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and Orion Properties Inc. (ONL). Click either name above to swap in a different company.
indie Semiconductor, Inc. is the larger business by last-quarter revenue ($55.5M vs $36.3M, roughly 1.5× Orion Properties Inc.). On growth, indie Semiconductor, Inc. posted the faster year-over-year revenue change (2.6% vs -4.6%). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (2.9% CAGR vs -4.9%).
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.
INDI vs ONL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $36.3M |
| Net Profit | — | $-13.6M |
| Gross Margin | 38.0% | — |
| Operating Margin | -70.1% | -9.3% |
| Net Margin | — | -37.4% |
| Revenue YoY | 2.6% | -4.6% |
| Net Profit YoY | — | -45.0% |
| EPS (diluted) | — | $-0.24 |
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.
| Q1 26 | $55.5M | $36.3M | ||
| Q4 25 | $58.0M | $35.2M | ||
| Q3 25 | $53.7M | $37.1M | ||
| Q2 25 | $51.6M | $37.3M | ||
| Q1 25 | $54.1M | $38.0M | ||
| Q4 24 | $58.0M | $38.4M | ||
| Q3 24 | $54.0M | $39.2M | ||
| Q2 24 | $52.4M | $40.1M |
| Q1 26 | — | $-13.6M | ||
| Q4 25 | $-31.2M | $-35.8M | ||
| Q3 25 | $-38.3M | $-69.0M | ||
| Q2 25 | $-39.0M | $-25.1M | ||
| Q1 25 | $-34.5M | $-9.4M | ||
| Q4 24 | $-34.4M | $-32.8M | ||
| Q3 24 | $-49.7M | $-10.2M | ||
| Q2 24 | $-19.2M | $-33.8M |
| Q1 26 | 38.0% | — | ||
| 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 26 | -70.1% | -9.3% | ||
| Q4 25 | -58.5% | -101.5% | ||
| Q3 25 | -71.4% | -185.8% | ||
| Q2 25 | -83.3% | -67.1% | ||
| Q1 25 | -72.0% | -24.4% | ||
| Q4 24 | -58.4% | -85.4% | ||
| Q3 24 | -92.5% | -25.9% | ||
| Q2 24 | -70.0% | -84.1% |
| Q1 26 | — | -37.4% | ||
| Q4 25 | -53.8% | -101.7% | ||
| Q3 25 | -71.3% | -186.0% | ||
| Q2 25 | -75.6% | -67.3% | ||
| Q1 25 | -63.9% | -24.6% | ||
| Q4 24 | -59.2% | -85.4% | ||
| Q3 24 | -92.1% | -26.1% | ||
| Q2 24 | -36.6% | -84.2% |
| Q1 26 | — | $-0.24 | ||
| Q4 25 | $-0.16 | $-0.63 | ||
| Q3 25 | $-0.19 | $-1.23 | ||
| Q2 25 | $-0.20 | $-0.45 | ||
| Q1 25 | $-0.18 | $-0.17 | ||
| Q4 24 | $-0.18 | $-0.59 | ||
| Q3 24 | $-0.28 | $-0.18 | ||
| Q2 24 | $-0.11 | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.4M | $10.3M |
| Total DebtLower is stronger | $402.8M | — |
| Stockholders' EquityBook value | $348.9M | $608.5M |
| Total Assets | $869.6M | $1.2B |
| Debt / EquityLower = less leverage | 1.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $174.4M | $10.3M | ||
| Q4 25 | $145.5M | $22.4M | ||
| Q3 25 | $160.9M | $32.6M | ||
| Q2 25 | $192.6M | $17.4M | ||
| Q1 25 | $236.6M | $9.4M | ||
| Q4 24 | $274.2M | $15.6M | ||
| Q3 24 | $96.9M | $16.6M | ||
| Q2 24 | $112.3M | $24.2M |
| Q1 26 | $402.8M | — | ||
| Q4 25 | $353.4M | $465.0M | ||
| Q3 25 | $353.5M | $483.0M | ||
| Q2 25 | $352.5M | $483.0M | ||
| Q1 25 | $379.0M | $505.0M | ||
| Q4 24 | $381.3M | $492.0M | ||
| Q3 24 | — | $485.0M | ||
| Q2 24 | — | $462.0M |
| Q1 26 | $348.9M | $608.5M | ||
| Q4 25 | $358.0M | $623.2M | ||
| Q3 25 | $369.2M | $658.8M | ||
| Q2 25 | $390.4M | $728.0M | ||
| Q1 25 | $405.6M | $753.5M | ||
| Q4 24 | $417.9M | $763.9M | ||
| Q3 24 | $458.6M | $800.9M | ||
| Q2 24 | $470.7M | $816.1M |
| Q1 26 | $869.6M | $1.2B | ||
| Q4 25 | $840.8M | $1.2B | ||
| Q3 25 | $855.1M | $1.2B | ||
| Q2 25 | $867.6M | $1.3B | ||
| Q1 25 | $909.0M | $1.3B | ||
| Q4 24 | $941.4M | $1.3B | ||
| Q3 24 | $797.5M | $1.4B | ||
| Q2 24 | $797.3M | $1.3B |
| Q1 26 | 1.15× | — | ||
| Q4 25 | 0.99× | 0.75× | ||
| Q3 25 | 0.96× | 0.73× | ||
| Q2 25 | 0.90× | 0.66× | ||
| Q1 25 | 0.93× | 0.67× | ||
| Q4 24 | 0.91× | 0.64× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INDI
| Product revenue | $51.6M | 93% |
| Contract revenue | $3.9M | 7% |
ONL
| Rental | $36.1M | 100% |
| Fee income from unconsolidated joint venture | $137.0K | 0% |
