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

indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $57.1M, roughly 1.0× REGIS CORP). REGIS CORP runs the higher net margin — 0.8% vs -53.8%, a 54.6% gap on every dollar of revenue. On growth, REGIS CORP posted the faster year-over-year revenue change (22.3% vs -0.0%). REGIS CORP produced more free cash flow last quarter ($891.0K vs $-16.1M). Over the past eight quarters, REGIS CORP's revenue compounded faster (7.8% 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.

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

INDI vs RGS — Head-to-Head

Bigger by revenue
INDI
INDI
1.0× larger
INDI
$58.0M
$57.1M
RGS
Growing faster (revenue YoY)
RGS
RGS
+22.3% gap
RGS
22.3%
-0.0%
INDI
Higher net margin
RGS
RGS
54.6% more per $
RGS
0.8%
-53.8%
INDI
More free cash flow
RGS
RGS
$17.0M more FCF
RGS
$891.0K
$-16.1M
INDI
Faster 2-yr revenue CAGR
RGS
RGS
Annualised
RGS
7.8%
5.3%
INDI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
INDI
INDI
RGS
RGS
Revenue
$58.0M
$57.1M
Net Profit
$-31.2M
$456.0K
Gross Margin
37.3%
Operating Margin
-58.5%
10.8%
Net Margin
-53.8%
0.8%
Revenue YoY
-0.0%
22.3%
Net Profit YoY
9.1%
-94.0%
EPS (diluted)
$-0.16
$0.16

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
RGS
RGS
Q4 25
$58.0M
$57.1M
Q3 25
$53.7M
$59.0M
Q2 25
$51.6M
$60.4M
Q1 25
$54.1M
$57.0M
Q4 24
$58.0M
$46.7M
Q3 24
$54.0M
$46.1M
Q2 24
$52.4M
$49.4M
Q1 24
$52.4M
$49.2M
Net Profit
INDI
INDI
RGS
RGS
Q4 25
$-31.2M
$456.0K
Q3 25
$-38.3M
$1.4M
Q2 25
$-39.0M
$116.5M
Q1 25
$-34.5M
$250.0K
Q4 24
$-34.4M
$7.6M
Q3 24
$-49.7M
$-853.0K
Q2 24
$-19.2M
$91.2M
Q1 24
$-31.2M
$-2.3M
Gross Margin
INDI
INDI
RGS
RGS
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
RGS
RGS
Q4 25
-58.5%
10.8%
Q3 25
-71.4%
10.0%
Q2 25
-83.3%
12.1%
Q1 25
-72.0%
8.8%
Q4 24
-58.4%
11.8%
Q3 24
-92.5%
4.6%
Q2 24
-70.0%
Q1 24
-94.8%
8.3%
Net Margin
INDI
INDI
RGS
RGS
Q4 25
-53.8%
0.8%
Q3 25
-71.3%
2.3%
Q2 25
-75.6%
192.9%
Q1 25
-63.9%
0.4%
Q4 24
-59.2%
16.4%
Q3 24
-92.1%
-1.9%
Q2 24
-36.6%
184.7%
Q1 24
-59.6%
-4.7%
EPS (diluted)
INDI
INDI
RGS
RGS
Q4 25
$-0.16
$0.16
Q3 25
$-0.19
$0.49
Q2 25
$-0.20
$43.67
Q1 25
$-0.18
$0.08
Q4 24
$-0.18
$2.71
Q3 24
$-0.28
$-0.36
Q2 24
$-0.11
$38.40
Q1 24
$-0.19
$-1.00

Balance Sheet & Financial Strength

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

Metric
INDI
INDI
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$145.5M
$18.4M
Total DebtLower is stronger
$353.4M
$113.3M
Stockholders' EquityBook value
$358.0M
$188.7M
Total Assets
$840.8M
$588.3M
Debt / EquityLower = less leverage
0.99×
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDI
INDI
RGS
RGS
Q4 25
$145.5M
$18.4M
Q3 25
$160.9M
$16.6M
Q2 25
$192.6M
$17.0M
Q1 25
$236.6M
$13.3M
Q4 24
$274.2M
$10.2M
Q3 24
$96.9M
$6.3M
Q2 24
$112.3M
$10.1M
Q1 24
$138.2M
$5.9M
Total Debt
INDI
INDI
RGS
RGS
Q4 25
$353.4M
$113.3M
Q3 25
$353.5M
$111.3M
Q2 25
$352.5M
$110.8M
Q1 25
$379.0M
$112.0M
Q4 24
$381.3M
$111.5M
Q3 24
$95.2M
Q2 24
$99.5M
Q1 24
$179.7M
Stockholders' Equity
INDI
INDI
RGS
RGS
Q4 25
$358.0M
$188.7M
Q3 25
$369.2M
$187.6M
Q2 25
$390.4M
$185.6M
Q1 25
$405.6M
$68.6M
Q4 24
$417.9M
$66.7M
Q3 24
$458.6M
$56.4M
Q2 24
$470.7M
$56.8M
Q1 24
$432.9M
$-35.8M
Total Assets
INDI
INDI
RGS
RGS
Q4 25
$840.8M
$588.3M
Q3 25
$855.1M
$592.1M
Q2 25
$867.6M
$599.0M
Q1 25
$909.0M
$511.2M
Q4 24
$941.4M
$530.1M
Q3 24
$797.5M
$508.9M
Q2 24
$797.3M
$530.5M
Q1 24
$803.6M
$543.7M
Debt / Equity
INDI
INDI
RGS
RGS
Q4 25
0.99×
0.60×
Q3 25
0.96×
0.59×
Q2 25
0.90×
0.60×
Q1 25
0.93×
1.63×
Q4 24
0.91×
1.67×
Q3 24
1.69×
Q2 24
1.75×
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
INDI
INDI
RGS
RGS
Operating Cash FlowLast quarter
$-14.4M
$1.7M
Free Cash FlowOCF − Capex
$-16.1M
$891.0K
FCF MarginFCF / Revenue
-27.8%
1.6%
Capex IntensityCapex / Revenue
3.0%
1.4%
Cash ConversionOCF / Net Profit
3.65×
TTM Free Cash FlowTrailing 4 quarters
$-71.4M
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDI
INDI
RGS
RGS
Q4 25
$-14.4M
$1.7M
Q3 25
$-6.2M
$2.3M
Q2 25
$-7.6M
$6.8M
Q1 25
$-29.0M
$6.2M
Q4 24
$-6.7M
$2.1M
Q3 24
$-22.8M
$-1.3M
Q2 24
$-19.7M
$5.1M
Q1 24
$-9.3M
$-277.0K
Free Cash Flow
INDI
INDI
RGS
RGS
Q4 25
$-16.1M
$891.0K
Q3 25
$-10.3M
$1.9M
Q2 25
$-13.6M
$6.2M
Q1 25
$-31.4M
$5.9M
Q4 24
$-8.6M
$1.7M
Q3 24
$-29.3M
$-1.4M
Q2 24
$-23.4M
$5.1M
Q1 24
$-11.7M
$-326.0K
FCF Margin
INDI
INDI
RGS
RGS
Q4 25
-27.8%
1.6%
Q3 25
-19.2%
3.2%
Q2 25
-26.4%
10.3%
Q1 25
-58.0%
10.3%
Q4 24
-14.8%
3.6%
Q3 24
-54.3%
-3.0%
Q2 24
-44.7%
10.3%
Q1 24
-22.3%
-0.7%
Capex Intensity
INDI
INDI
RGS
RGS
Q4 25
3.0%
1.4%
Q3 25
7.8%
0.7%
Q2 25
11.6%
0.9%
Q1 25
4.4%
0.6%
Q4 24
3.2%
0.9%
Q3 24
12.1%
0.0%
Q2 24
7.0%
0.0%
Q1 24
4.4%
0.1%
Cash Conversion
INDI
INDI
RGS
RGS
Q4 25
3.65×
Q3 25
1.68×
Q2 25
0.06×
Q1 25
24.80×
Q4 24
0.28×
Q3 24
Q2 24
0.06×
Q1 24

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%

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

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