vs
Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $58.0M, roughly 1.7× indie Semiconductor, Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -53.8%, a 82.3% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -0.0%). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (5.3% CAGR vs 2.5%).
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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
INDI vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.0M | $97.9M |
| Net Profit | $-31.2M | $27.9M |
| Gross Margin | 37.3% | 98.6% |
| Operating Margin | -58.5% | 27.4% |
| Net Margin | -53.8% | 28.5% |
| Revenue YoY | -0.0% | 6.5% |
| Net Profit YoY | 9.1% | 7.1% |
| EPS (diluted) | $-0.16 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $53.7M | $96.2M | ||
| Q2 25 | $51.6M | $93.8M | ||
| Q1 25 | $54.1M | $97.7M | ||
| Q4 24 | $58.0M | $91.9M | ||
| Q3 24 | $54.0M | $90.7M | ||
| Q2 24 | $52.4M | $89.9M | ||
| Q1 24 | $52.4M | $93.2M |
| Q4 25 | $-31.2M | $27.9M | ||
| Q3 25 | $-38.3M | $29.3M | ||
| Q2 25 | $-39.0M | $27.9M | ||
| Q1 25 | $-34.5M | $29.4M | ||
| Q4 24 | $-34.4M | $26.0M | ||
| Q3 24 | $-49.7M | $19.3M | ||
| Q2 24 | $-19.2M | $29.7M | ||
| Q1 24 | $-31.2M | $30.7M |
| Q4 25 | 37.3% | 98.6% | ||
| Q3 25 | 40.1% | 98.5% | ||
| Q2 25 | 40.6% | 99.1% | ||
| Q1 25 | 41.7% | 98.8% | ||
| Q4 24 | 42.6% | 98.8% | ||
| Q3 24 | 39.3% | 98.8% | ||
| Q2 24 | 42.2% | 98.8% | ||
| Q1 24 | 42.5% | 98.8% |
| Q4 25 | -58.5% | 27.4% | ||
| Q3 25 | -71.4% | 25.9% | ||
| Q2 25 | -83.3% | 25.5% | ||
| Q1 25 | -72.0% | 25.9% | ||
| Q4 24 | -58.4% | 24.6% | ||
| Q3 24 | -92.5% | 17.5% | ||
| Q2 24 | -70.0% | 26.7% | ||
| Q1 24 | -94.8% | 26.4% |
| Q4 25 | -53.8% | 28.5% | ||
| Q3 25 | -71.3% | 30.5% | ||
| Q2 25 | -75.6% | 29.8% | ||
| Q1 25 | -63.9% | 30.1% | ||
| Q4 24 | -59.2% | 28.3% | ||
| Q3 24 | -92.1% | 21.3% | ||
| Q2 24 | -36.6% | 33.0% | ||
| Q1 24 | -59.6% | 33.0% |
| Q4 25 | $-0.16 | $0.38 | ||
| Q3 25 | $-0.19 | $0.41 | ||
| Q2 25 | $-0.20 | $0.39 | ||
| Q1 25 | $-0.18 | $0.41 | ||
| Q4 24 | $-0.18 | $0.36 | ||
| Q3 24 | $-0.28 | $0.27 | ||
| Q2 24 | $-0.11 | $0.42 | ||
| Q1 24 | $-0.19 | $0.43 |
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 | $21.7M |
| Total DebtLower is stronger | $353.4M | $4.6B |
| Stockholders' EquityBook value | $358.0M | $2.4B |
| Total Assets | $840.8M | $7.2B |
| Debt / EquityLower = less leverage | 0.99× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $21.7M | ||
| Q3 25 | $160.9M | $12.1M | ||
| Q2 25 | $192.6M | $13.9M | ||
| Q1 25 | $236.6M | $17.3M | ||
| Q4 24 | $274.2M | $8.3M | ||
| Q3 24 | $96.9M | $15.6M | ||
| Q2 24 | $112.3M | $13.4M | ||
| Q1 24 | $138.2M | $11.3M |
| Q4 25 | $353.4M | $4.6B | ||
| Q3 25 | $353.5M | $4.5B | ||
| Q2 25 | $352.5M | $4.4B | ||
| Q1 25 | $379.0M | $4.3B | ||
| Q4 24 | $381.3M | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $358.0M | $2.4B | ||
| Q3 25 | $369.2M | $2.4B | ||
| Q2 25 | $390.4M | $2.4B | ||
| Q1 25 | $405.6M | $2.4B | ||
| Q4 24 | $417.9M | $2.3B | ||
| Q3 24 | $458.6M | $2.3B | ||
| Q2 24 | $470.7M | $2.3B | ||
| Q1 24 | $432.9M | $2.3B |
| Q4 25 | $840.8M | $7.2B | ||
| Q3 25 | $855.1M | $7.1B | ||
| Q2 25 | $867.6M | $7.1B | ||
| Q1 25 | $909.0M | $6.9B | ||
| Q4 24 | $941.4M | $6.9B | ||
| Q3 24 | $797.5M | $6.8B | ||
| Q2 24 | $797.3M | $6.8B | ||
| Q1 24 | $803.6M | $6.7B |
| Q4 25 | 0.99× | 1.90× | ||
| Q3 25 | 0.96× | 1.89× | ||
| Q2 25 | 0.90× | 1.87× | ||
| Q1 25 | 0.93× | 1.85× | ||
| Q4 24 | 0.91× | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $-16.1M | — |
| FCF MarginFCF / Revenue | -27.8% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-71.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $47.8M | ||
| Q3 25 | $-6.2M | $-1.4M | ||
| Q2 25 | $-7.6M | $28.0M | ||
| Q1 25 | $-29.0M | $8.9M | ||
| Q4 24 | $-6.7M | $37.9M | ||
| Q3 24 | $-22.8M | $8.3M | ||
| Q2 24 | $-19.7M | $24.8M | ||
| Q1 24 | $-9.3M | $-3.1M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
