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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and Riley Exploration Permian, Inc. (REPX). Click either name above to swap in a different company.

Riley Exploration Permian, Inc. is the larger business by last-quarter revenue ($97.3M vs $58.0M, roughly 1.7× indie Semiconductor, Inc.). On growth, indie Semiconductor, Inc. posted the faster year-over-year revenue change (-0.0% vs -5.3%). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (5.3% CAGR vs -1.2%).

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.

Riley Exploration Permian, Inc. is an independent energy company focused on exploration, development, and production of crude oil, natural gas, and natural gas liquids primarily in the US Permian Basin spanning Texas and New Mexico. It prioritizes cost-efficient onshore reserve development to supply reliable energy products to North American markets.

INDI vs REPX — Head-to-Head

Bigger by revenue
REPX
REPX
1.7× larger
REPX
$97.3M
$58.0M
INDI
Growing faster (revenue YoY)
INDI
INDI
+5.3% gap
INDI
-0.0%
-5.3%
REPX
Faster 2-yr revenue CAGR
INDI
INDI
Annualised
INDI
5.3%
-1.2%
REPX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INDI
INDI
REPX
REPX
Revenue
$58.0M
$97.3M
Net Profit
$-31.2M
Gross Margin
37.3%
Operating Margin
-58.5%
26.9%
Net Margin
-53.8%
Revenue YoY
-0.0%
-5.3%
Net Profit YoY
9.1%
EPS (diluted)
$-0.16
$4.02

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
REPX
REPX
Q4 25
$58.0M
$97.3M
Q3 25
$53.7M
$106.9M
Q2 25
$51.6M
$85.4M
Q1 25
$54.1M
$102.5M
Q4 24
$58.0M
$102.7M
Q3 24
$54.0M
$102.3M
Q2 24
$52.4M
$105.4M
Q1 24
$52.4M
$99.7M
Net Profit
INDI
INDI
REPX
REPX
Q4 25
$-31.2M
Q3 25
$-38.3M
$16.3M
Q2 25
$-39.0M
$30.5M
Q1 25
$-34.5M
$28.6M
Q4 24
$-34.4M
Q3 24
$-49.7M
$25.7M
Q2 24
$-19.2M
$33.5M
Q1 24
$-31.2M
$18.8M
Gross Margin
INDI
INDI
REPX
REPX
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 24
42.5%
Operating Margin
INDI
INDI
REPX
REPX
Q4 25
-58.5%
26.9%
Q3 25
-71.4%
27.0%
Q2 25
-83.3%
33.7%
Q1 25
-72.0%
48.3%
Q4 24
-58.4%
31.2%
Q3 24
-92.5%
17.1%
Q2 24
-70.0%
50.9%
Q1 24
-94.8%
50.7%
Net Margin
INDI
INDI
REPX
REPX
Q4 25
-53.8%
Q3 25
-71.3%
15.3%
Q2 25
-75.6%
35.7%
Q1 25
-63.9%
27.9%
Q4 24
-59.2%
Q3 24
-92.1%
25.1%
Q2 24
-36.6%
31.8%
Q1 24
-59.6%
18.8%
EPS (diluted)
INDI
INDI
REPX
REPX
Q4 25
$-0.16
$4.02
Q3 25
$-0.19
$0.77
Q2 25
$-0.20
$1.44
Q1 25
$-0.18
$1.36
Q4 24
$-0.18
$0.52
Q3 24
$-0.28
$1.21
Q2 24
$-0.11
$1.59
Q1 24
$-0.19
$0.94

Balance Sheet & Financial Strength

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

Metric
INDI
INDI
REPX
REPX
Cash + ST InvestmentsLiquidity on hand
$145.5M
Total DebtLower is stronger
$353.4M
$247.9M
Stockholders' EquityBook value
$358.0M
$634.2M
Total Assets
$840.8M
$1.2B
Debt / EquityLower = less leverage
0.99×
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDI
INDI
REPX
REPX
Q4 25
$145.5M
Q3 25
$160.9M
Q2 25
$192.6M
Q1 25
$236.6M
Q4 24
$274.2M
Q3 24
$96.9M
Q2 24
$112.3M
Q1 24
$138.2M
Total Debt
INDI
INDI
REPX
REPX
Q4 25
$353.4M
$247.9M
Q3 25
$353.5M
$367.0M
Q2 25
$352.5M
$275.2M
Q1 25
$379.0M
$249.3M
Q4 24
$381.3M
$269.5M
Q3 24
$288.6M
Q2 24
$322.7M
Q1 24
$341.8M
Stockholders' Equity
INDI
INDI
REPX
REPX
Q4 25
$358.0M
$634.2M
Q3 25
$369.2M
$566.5M
Q2 25
$390.4M
$556.9M
Q1 25
$405.6M
$532.4M
Q4 24
$417.9M
$510.6M
Q3 24
$458.6M
$507.4M
Q2 24
$470.7M
$489.0M
Q1 24
$432.9M
$434.6M
Total Assets
INDI
INDI
REPX
REPX
Q4 25
$840.8M
$1.2B
Q3 25
$855.1M
$1.2B
Q2 25
$867.6M
$1.0B
Q1 25
$909.0M
$994.9M
Q4 24
$941.4M
$993.5M
Q3 24
$797.5M
$997.9M
Q2 24
$797.3M
$1.0B
Q1 24
$803.6M
$956.4M
Debt / Equity
INDI
INDI
REPX
REPX
Q4 25
0.99×
0.39×
Q3 25
0.96×
0.65×
Q2 25
0.90×
0.49×
Q1 25
0.93×
0.47×
Q4 24
0.91×
0.53×
Q3 24
0.57×
Q2 24
0.66×
Q1 24
0.79×

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
REPX
REPX
Operating Cash FlowLast quarter
$-14.4M
$64.9M
Free Cash FlowOCF − Capex
$-16.1M
FCF MarginFCF / Revenue
-27.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-71.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDI
INDI
REPX
REPX
Q4 25
$-14.4M
$64.9M
Q3 25
$-6.2M
$63.6M
Q2 25
$-7.6M
$33.6M
Q1 25
$-29.0M
$50.4M
Q4 24
$-6.7M
$66.4M
Q3 24
$-22.8M
$72.1M
Q2 24
$-19.7M
$51.6M
Q1 24
$-9.3M
$56.1M
Free Cash Flow
INDI
INDI
REPX
REPX
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
Q1 24
$-11.7M
FCF Margin
INDI
INDI
REPX
REPX
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%
Q1 24
-22.3%
Capex Intensity
INDI
INDI
REPX
REPX
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%
Q1 24
4.4%
Cash Conversion
INDI
INDI
REPX
REPX
Q4 25
Q3 25
3.90×
Q2 25
1.10×
Q1 25
1.76×
Q4 24
Q3 24
2.81×
Q2 24
1.54×
Q1 24
2.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INDI
INDI

Products$55.7M96%
Services$2.3M4%

REPX
REPX

Segment breakdown not available.

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