vs
Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $58.0M, roughly 1.1× indie Semiconductor, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs -0.0%). indie Semiconductor, Inc. produced more free cash flow last quarter ($-16.1M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
INDI vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.0M | $62.2M |
| Net Profit | $-31.2M | — |
| Gross Margin | 37.3% | 60.2% |
| Operating Margin | -58.5% | 1.5% |
| Net Margin | -53.8% | — |
| Revenue YoY | -0.0% | 106.6% |
| Net Profit YoY | 9.1% | — |
| EPS (diluted) | $-0.16 | $0.10 |
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 | $62.2M | ||
| Q3 25 | $53.7M | $39.5M | ||
| Q2 25 | $51.6M | $35.0M | ||
| Q1 25 | $54.1M | $32.6M | ||
| Q4 24 | $58.0M | $30.1M | ||
| Q3 24 | $54.0M | $28.1M | ||
| Q2 24 | $52.4M | $27.0M | ||
| Q1 24 | $52.4M | $25.9M |
| Q4 25 | $-31.2M | — | ||
| Q3 25 | $-38.3M | $-21.7M | ||
| Q2 25 | $-39.0M | $-20.6M | ||
| Q1 25 | $-34.5M | $-22.0M | ||
| Q4 24 | $-34.4M | — | ||
| Q3 24 | $-49.7M | $-25.6M | ||
| Q2 24 | $-19.2M | $-23.9M | ||
| Q1 24 | $-31.2M | $-23.8M |
| Q4 25 | 37.3% | 60.2% | ||
| Q3 25 | 40.1% | 42.1% | ||
| Q2 25 | 40.6% | 45.2% | ||
| Q1 25 | 41.7% | 41.3% | ||
| Q4 24 | 42.6% | 43.8% | ||
| Q3 24 | 39.3% | 38.3% | ||
| Q2 24 | 42.2% | 33.7% | ||
| Q1 24 | 42.5% | 28.6% |
| Q4 25 | -58.5% | 1.5% | ||
| Q3 25 | -71.4% | -61.4% | ||
| Q2 25 | -83.3% | -76.5% | ||
| Q1 25 | -72.0% | -73.0% | ||
| Q4 24 | -58.4% | -85.1% | ||
| Q3 24 | -92.5% | -98.0% | ||
| Q2 24 | -70.0% | -93.6% | ||
| Q1 24 | -94.8% | -99.5% |
| Q4 25 | -53.8% | — | ||
| Q3 25 | -71.3% | -55.0% | ||
| Q2 25 | -75.6% | -58.8% | ||
| Q1 25 | -63.9% | -67.5% | ||
| Q4 24 | -59.2% | — | ||
| Q3 24 | -92.1% | -91.1% | ||
| Q2 24 | -36.6% | -88.4% | ||
| Q1 24 | -59.6% | -91.9% |
| Q4 25 | $-0.16 | $0.10 | ||
| Q3 25 | $-0.19 | $-0.37 | ||
| Q2 25 | $-0.20 | $-0.38 | ||
| Q1 25 | $-0.18 | $-0.42 | ||
| Q4 24 | $-0.18 | $-0.46 | ||
| Q3 24 | $-0.28 | $-0.54 | ||
| Q2 24 | $-0.11 | $-0.53 | ||
| Q1 24 | $-0.19 | $-0.55 |
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 | $208.6M |
| Total DebtLower is stronger | $353.4M | — |
| Stockholders' EquityBook value | $358.0M | $261.7M |
| Total Assets | $840.8M | $349.5M |
| Debt / EquityLower = less leverage | 0.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $208.6M | ||
| Q3 25 | $160.9M | $244.5M | ||
| Q2 25 | $192.6M | $226.5M | ||
| Q1 25 | $236.6M | $168.2M | ||
| Q4 24 | $274.2M | $172.0M | ||
| Q3 24 | $96.9M | $151.4M | ||
| Q2 24 | $112.3M | $184.2M | ||
| Q1 24 | $138.2M | $187.8M |
| Q4 25 | $353.4M | — | ||
| Q3 25 | $353.5M | — | ||
| Q2 25 | $352.5M | — | ||
| Q1 25 | $379.0M | — | ||
| Q4 24 | $381.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $358.0M | $261.7M | ||
| Q3 25 | $369.2M | $247.4M | ||
| Q2 25 | $390.4M | $221.0M | ||
| Q1 25 | $405.6M | $167.9M | ||
| Q4 24 | $417.9M | $180.9M | ||
| Q3 24 | $458.6M | $171.7M | ||
| Q2 24 | $470.7M | $170.6M | ||
| Q1 24 | $432.9M | $167.2M |
| Q4 25 | $840.8M | $349.5M | ||
| Q3 25 | $855.1M | $353.8M | ||
| Q2 25 | $867.6M | $321.8M | ||
| Q1 25 | $909.0M | $268.6M | ||
| Q4 24 | $941.4M | $276.1M | ||
| Q3 24 | $797.5M | $255.2M | ||
| Q2 24 | $797.3M | $309.9M | ||
| Q1 24 | $803.6M | $317.7M |
| 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 | $-15.4M |
| Free Cash FlowOCF − Capex | $-16.1M | $-37.2M |
| FCF MarginFCF / Revenue | -27.8% | -59.8% |
| Capex IntensityCapex / Revenue | 3.0% | 35.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-71.4M | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $-15.4M | ||
| Q3 25 | $-6.2M | $-18.3M | ||
| Q2 25 | $-7.6M | $-1.3M | ||
| Q1 25 | $-29.0M | $-4.9M | ||
| Q4 24 | $-6.7M | $-2.6M | ||
| Q3 24 | $-22.8M | $-3.8M | ||
| Q2 24 | $-19.7M | $-21.6M | ||
| Q1 24 | $-9.3M | $-5.7M |
| Q4 25 | $-16.1M | $-37.2M | ||
| Q3 25 | $-10.3M | $-20.0M | ||
| Q2 25 | $-13.6M | $-2.2M | ||
| Q1 25 | $-31.4M | $-5.4M | ||
| Q4 24 | $-8.6M | $-4.0M | ||
| Q3 24 | $-29.3M | $-4.3M | ||
| Q2 24 | $-23.4M | $-22.0M | ||
| Q1 24 | $-11.7M | $-7.1M |
| Q4 25 | -27.8% | -59.8% | ||
| Q3 25 | -19.2% | -50.7% | ||
| Q2 25 | -26.4% | -6.3% | ||
| Q1 25 | -58.0% | -16.6% | ||
| Q4 24 | -14.8% | -13.3% | ||
| Q3 24 | -54.3% | -15.4% | ||
| Q2 24 | -44.7% | -81.5% | ||
| Q1 24 | -22.3% | -27.4% |
| Q4 25 | 3.0% | 35.0% | ||
| Q3 25 | 7.8% | 4.3% | ||
| Q2 25 | 11.6% | 2.5% | ||
| Q1 25 | 4.4% | 1.7% | ||
| Q4 24 | 3.2% | 4.8% | ||
| Q3 24 | 12.1% | 2.0% | ||
| Q2 24 | 7.0% | 1.3% | ||
| Q1 24 | 4.4% | 5.3% |
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% |
OUST
Segment breakdown not available.
