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

indie Semiconductor, Inc. is the larger business by last-quarter revenue ($55.5M vs $37.2M, roughly 1.5× Organogenesis Holdings Inc.). On growth, indie Semiconductor, Inc. posted the faster year-over-year revenue change (2.6% vs -57.1%). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (2.9% CAGR vs -46.5%).

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.

Organogenesis Holdings Inc. is a leading regenerative medicine firm specializing in developing and manufacturing advanced therapeutic products for wound care, surgical repair, sports medicine, and dermatology. It serves healthcare providers and patients primarily in the U.S. and select international markets, offering clinically validated solutions for unmet medical needs.

INDI vs ORGO — Head-to-Head

Bigger by revenue
INDI
INDI
1.5× larger
INDI
$55.5M
$37.2M
ORGO
Growing faster (revenue YoY)
INDI
INDI
+59.6% gap
INDI
2.6%
-57.1%
ORGO
Faster 2-yr revenue CAGR
INDI
INDI
Annualised
INDI
2.9%
-46.5%
ORGO

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
INDI
INDI
ORGO
ORGO
Revenue
$55.5M
$37.2M
Net Profit
Gross Margin
38.0%
30.8%
Operating Margin
-70.1%
-185.1%
Net Margin
Revenue YoY
2.6%
-57.1%
Net Profit YoY
EPS (diluted)

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
ORGO
ORGO
Q1 26
$55.5M
$37.2M
Q4 25
$58.0M
$225.6M
Q3 25
$53.7M
$150.9M
Q2 25
$51.6M
$101.0M
Q1 25
$54.1M
$86.7M
Q4 24
$58.0M
$126.7M
Q3 24
$54.0M
$115.2M
Q2 24
$52.4M
$130.2M
Net Profit
INDI
INDI
ORGO
ORGO
Q1 26
Q4 25
$-31.2M
$43.7M
Q3 25
$-38.3M
$21.6M
Q2 25
$-39.0M
$-9.4M
Q1 25
$-34.5M
$-18.8M
Q4 24
$-34.4M
$7.7M
Q3 24
$-49.7M
$12.3M
Q2 24
$-19.2M
$-17.0M
Gross Margin
INDI
INDI
ORGO
ORGO
Q1 26
38.0%
30.8%
Q4 25
37.3%
Q3 25
40.1%
Q2 25
40.6%
Q1 25
41.7%
72.6%
Q4 24
42.6%
75.5%
Q3 24
39.3%
76.7%
Q2 24
42.2%
77.6%
Operating Margin
INDI
INDI
ORGO
ORGO
Q1 26
-70.1%
-185.1%
Q4 25
-58.5%
28.1%
Q3 25
-71.4%
13.7%
Q2 25
-83.3%
-12.5%
Q1 25
-72.0%
-30.9%
Q4 24
-58.4%
8.1%
Q3 24
-92.5%
5.4%
Q2 24
-70.0%
-10.7%
Net Margin
INDI
INDI
ORGO
ORGO
Q1 26
Q4 25
-53.8%
19.4%
Q3 25
-71.3%
14.3%
Q2 25
-75.6%
-9.3%
Q1 25
-63.9%
-21.7%
Q4 24
-59.2%
6.1%
Q3 24
-92.1%
10.7%
Q2 24
-36.6%
-13.1%
EPS (diluted)
INDI
INDI
ORGO
ORGO
Q1 26
Q4 25
$-0.16
$0.31
Q3 25
$-0.19
$0.11
Q2 25
$-0.20
$-0.10
Q1 25
$-0.18
$-0.17
Q4 24
$-0.18
$0.05
Q3 24
$-0.28
$0.09
Q2 24
$-0.11
$-0.13

Balance Sheet & Financial Strength

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

Metric
INDI
INDI
ORGO
ORGO
Cash + ST InvestmentsLiquidity on hand
$174.4M
$91.4M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$348.9M
Total Assets
$869.6M
$520.0M
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDI
INDI
ORGO
ORGO
Q1 26
$174.4M
$91.4M
Q4 25
$145.5M
$93.7M
Q3 25
$160.9M
$63.7M
Q2 25
$192.6M
$73.1M
Q1 25
$236.6M
$110.0M
Q4 24
$274.2M
$135.6M
Q3 24
$96.9M
$94.3M
Q2 24
$112.3M
$89.9M
Total Debt
INDI
INDI
ORGO
ORGO
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
$62.3M
Q2 24
$63.8M
Stockholders' Equity
INDI
INDI
ORGO
ORGO
Q1 26
$348.9M
Q4 25
$358.0M
$300.1M
Q3 25
$369.2M
$255.1M
Q2 25
$390.4M
$233.2M
Q1 25
$405.6M
$242.9M
Q4 24
$417.9M
$262.9M
Q3 24
$458.6M
$278.5M
Q2 24
$470.7M
$263.5M
Total Assets
INDI
INDI
ORGO
ORGO
Q1 26
$869.6M
$520.0M
Q4 25
$840.8M
$598.7M
Q3 25
$855.1M
$509.8M
Q2 25
$867.6M
$461.1M
Q1 25
$909.0M
$467.4M
Q4 24
$941.4M
$497.9M
Q3 24
$797.5M
$446.3M
Q2 24
$797.3M
$443.2M
Debt / Equity
INDI
INDI
ORGO
ORGO
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
0.22×
Q2 24
0.24×

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%

ORGO
ORGO

Segment breakdown not available.

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