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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $58.0M, roughly 1.2× indie Semiconductor, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -53.8%, a 55.9% gap on every dollar of revenue. On growth, indie Semiconductor, Inc. posted the faster year-over-year revenue change (-0.0% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-16.1M). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (5.3% CAGR vs -4.7%).
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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
INDI vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.0M | $71.1M |
| Net Profit | $-31.2M | $1.4M |
| Gross Margin | 37.3% | — |
| Operating Margin | -58.5% | 13.1% |
| Net Margin | -53.8% | 2.0% |
| Revenue YoY | -0.0% | -1.8% |
| Net Profit YoY | 9.1% | -75.2% |
| EPS (diluted) | $-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.
| Q4 25 | $58.0M | $71.1M | ||
| Q3 25 | $53.7M | $73.2M | ||
| Q2 25 | $51.6M | $72.8M | ||
| Q1 25 | $54.1M | $74.5M | ||
| Q4 24 | $58.0M | $72.5M | ||
| Q3 24 | $54.0M | $78.5M | ||
| Q2 24 | $52.4M | $78.5M | ||
| Q1 24 | $52.4M | $78.3M |
| Q4 25 | $-31.2M | $1.4M | ||
| Q3 25 | $-38.3M | $4.0M | ||
| Q2 25 | $-39.0M | $4.7M | ||
| Q1 25 | $-34.5M | $-2.0M | ||
| Q4 24 | $-34.4M | $5.8M | ||
| Q3 24 | $-49.7M | $966.0K | ||
| Q2 24 | $-19.2M | $3.7M | ||
| Q1 24 | $-31.2M | $-3.4M |
| 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% | — |
| Q4 25 | -58.5% | 13.1% | ||
| Q3 25 | -71.4% | 25.0% | ||
| Q2 25 | -83.3% | 19.3% | ||
| Q1 25 | -72.0% | 7.2% | ||
| Q4 24 | -58.4% | 5.9% | ||
| Q3 24 | -92.5% | 19.4% | ||
| Q2 24 | -70.0% | 20.6% | ||
| Q1 24 | -94.8% | 5.8% |
| Q4 25 | -53.8% | 2.0% | ||
| Q3 25 | -71.3% | 5.4% | ||
| Q2 25 | -75.6% | 6.4% | ||
| Q1 25 | -63.9% | -2.6% | ||
| Q4 24 | -59.2% | 8.0% | ||
| Q3 24 | -92.1% | 1.2% | ||
| Q2 24 | -36.6% | 4.7% | ||
| Q1 24 | -59.6% | -4.3% |
| Q4 25 | $-0.16 | — | ||
| Q3 25 | $-0.19 | — | ||
| Q2 25 | $-0.20 | — | ||
| Q1 25 | $-0.18 | — | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.28 | — | ||
| Q2 24 | $-0.11 | — | ||
| Q1 24 | $-0.19 | — |
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 | $118.7M |
| Total DebtLower is stronger | $353.4M | $432.2M |
| Stockholders' EquityBook value | $358.0M | $452.4M |
| Total Assets | $840.8M | $582.5M |
| Debt / EquityLower = less leverage | 0.99× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $118.7M | ||
| Q3 25 | $160.9M | $107.5M | ||
| Q2 25 | $192.6M | $94.3M | ||
| Q1 25 | $236.6M | $89.1M | ||
| Q4 24 | $274.2M | $96.6M | ||
| Q3 24 | $96.9M | $83.8M | ||
| Q2 24 | $112.3M | $66.1M | ||
| Q1 24 | $138.2M | $82.1M |
| Q4 25 | $353.4M | $432.2M | ||
| Q3 25 | $353.5M | $433.3M | ||
| Q2 25 | $352.5M | $434.4M | ||
| Q1 25 | $379.0M | $435.3M | ||
| Q4 24 | $381.3M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $358.0M | $452.4M | ||
| Q3 25 | $369.2M | $448.1M | ||
| Q2 25 | $390.4M | $442.4M | ||
| Q1 25 | $405.6M | $433.5M | ||
| Q4 24 | $417.9M | $429.5M | ||
| Q3 24 | $458.6M | $423.1M | ||
| Q2 24 | $470.7M | $418.4M | ||
| Q1 24 | $432.9M | $412.0M |
| Q4 25 | $840.8M | $582.5M | ||
| Q3 25 | $855.1M | $582.2M | ||
| Q2 25 | $867.6M | $574.8M | ||
| Q1 25 | $909.0M | $571.4M | ||
| Q4 24 | $941.4M | $581.6M | ||
| Q3 24 | $797.5M | $578.6M | ||
| Q2 24 | $797.3M | $571.4M | ||
| Q1 24 | $803.6M | $566.7M |
| Q4 25 | 0.99× | 0.96× | ||
| Q3 25 | 0.96× | 0.97× | ||
| Q2 25 | 0.90× | 0.98× | ||
| Q1 25 | 0.93× | 1.00× | ||
| Q4 24 | 0.91× | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $-16.1M | $33.5M |
| FCF MarginFCF / Revenue | -27.8% | 47.1% |
| Capex IntensityCapex / Revenue | 3.0% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-71.4M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $40.9M | ||
| Q3 25 | $-6.2M | $17.7M | ||
| Q2 25 | $-7.6M | $4.6M | ||
| Q1 25 | $-29.0M | $5.7M | ||
| Q4 24 | $-6.7M | $59.7M | ||
| Q3 24 | $-22.8M | $17.6M | ||
| Q2 24 | $-19.7M | $15.9M | ||
| Q1 24 | $-9.3M | $9.4M |
| Q4 25 | $-16.1M | $33.5M | ||
| Q3 25 | $-10.3M | $16.4M | ||
| Q2 25 | $-13.6M | $2.9M | ||
| Q1 25 | $-31.4M | $4.0M | ||
| Q4 24 | $-8.6M | $53.0M | ||
| Q3 24 | $-29.3M | $16.3M | ||
| Q2 24 | $-23.4M | $14.0M | ||
| Q1 24 | $-11.7M | $6.8M |
| Q4 25 | -27.8% | 47.1% | ||
| Q3 25 | -19.2% | 22.4% | ||
| Q2 25 | -26.4% | 4.0% | ||
| Q1 25 | -58.0% | 5.3% | ||
| Q4 24 | -14.8% | 73.2% | ||
| Q3 24 | -54.3% | 20.8% | ||
| Q2 24 | -44.7% | 17.8% | ||
| Q1 24 | -22.3% | 8.6% |
| Q4 25 | 3.0% | 10.4% | ||
| Q3 25 | 7.8% | 1.8% | ||
| Q2 25 | 11.6% | 2.2% | ||
| Q1 25 | 4.4% | 2.3% | ||
| Q4 24 | 3.2% | 9.1% | ||
| Q3 24 | 12.1% | 1.7% | ||
| Q2 24 | 7.0% | 2.4% | ||
| Q1 24 | 4.4% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
