vs
Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and Neuronetics, Inc. (STIM). Click either name above to swap in a different company.
indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $41.8M, roughly 1.4× Neuronetics, Inc.). Neuronetics, Inc. runs the higher net margin — -17.2% vs -53.8%, a 36.6% gap on every dollar of revenue. On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs -0.0%). Neuronetics, Inc. produced more free cash flow last quarter ($692.0K vs $-16.1M). Over the past eight quarters, Neuronetics, Inc.'s revenue compounded faster (54.9% 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.
Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology.
INDI vs STIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.0M | $41.8M |
| Net Profit | $-31.2M | $-7.2M |
| Gross Margin | 37.3% | 52.0% |
| Operating Margin | -58.5% | -12.1% |
| Net Margin | -53.8% | -17.2% |
| Revenue YoY | -0.0% | 85.7% |
| Net Profit YoY | 9.1% | 43.2% |
| 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 | $41.8M | ||
| Q3 25 | $53.7M | $37.3M | ||
| Q2 25 | $51.6M | $38.1M | ||
| Q1 25 | $54.1M | $32.0M | ||
| Q4 24 | $58.0M | $22.5M | ||
| Q3 24 | $54.0M | $18.5M | ||
| Q2 24 | $52.4M | $16.4M | ||
| Q1 24 | $52.4M | $17.4M |
| Q4 25 | $-31.2M | $-7.2M | ||
| Q3 25 | $-38.3M | $-9.0M | ||
| Q2 25 | $-39.0M | $-10.1M | ||
| Q1 25 | $-34.5M | $-12.7M | ||
| Q4 24 | $-34.4M | $-12.7M | ||
| Q3 24 | $-49.7M | $-13.3M | ||
| Q2 24 | $-19.2M | $-9.8M | ||
| Q1 24 | $-31.2M | $-7.9M |
| Q4 25 | 37.3% | 52.0% | ||
| Q3 25 | 40.1% | 45.9% | ||
| Q2 25 | 40.6% | 46.6% | ||
| Q1 25 | 41.7% | 49.2% | ||
| Q4 24 | 42.6% | 66.2% | ||
| Q3 24 | 39.3% | 75.6% | ||
| Q2 24 | 42.2% | 74.0% | ||
| Q1 24 | 42.5% | 75.1% |
| Q4 25 | -58.5% | -12.1% | ||
| Q3 25 | -71.4% | -19.6% | ||
| Q2 25 | -83.3% | -21.1% | ||
| Q1 25 | -72.0% | -34.4% | ||
| Q4 24 | -58.4% | -51.0% | ||
| Q3 24 | -92.5% | -41.7% | ||
| Q2 24 | -70.0% | -51.7% | ||
| Q1 24 | -94.8% | -39.4% |
| Q4 25 | -53.8% | -17.2% | ||
| Q3 25 | -71.3% | -24.3% | ||
| Q2 25 | -75.6% | -26.6% | ||
| Q1 25 | -63.9% | -39.6% | ||
| Q4 24 | -59.2% | -56.4% | ||
| Q3 24 | -92.1% | -72.0% | ||
| Q2 24 | -36.6% | -59.8% | ||
| Q1 24 | -59.6% | -45.2% |
| Q4 25 | $-0.16 | $-0.10 | ||
| Q3 25 | $-0.19 | $-0.13 | ||
| Q2 25 | $-0.20 | $-0.15 | ||
| Q1 25 | $-0.18 | $-0.21 | ||
| Q4 24 | $-0.18 | $-0.34 | ||
| Q3 24 | $-0.28 | $-0.44 | ||
| Q2 24 | $-0.11 | $-0.33 | ||
| Q1 24 | $-0.19 | $-0.27 |
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 | $28.1M |
| Total DebtLower is stronger | $353.4M | $65.8M |
| Stockholders' EquityBook value | $358.0M | $22.4M |
| Total Assets | $840.8M | $141.6M |
| Debt / EquityLower = less leverage | 0.99× | 2.94× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $28.1M | ||
| Q3 25 | $160.9M | $28.0M | ||
| Q2 25 | $192.6M | $11.0M | ||
| Q1 25 | $236.6M | $20.2M | ||
| Q4 24 | $274.2M | $18.5M | ||
| Q3 24 | $96.9M | $20.9M | ||
| Q2 24 | $112.3M | $42.6M | ||
| Q1 24 | $138.2M | $47.7M |
| Q4 25 | $353.4M | $65.8M | ||
| Q3 25 | $353.5M | $65.7M | ||
| Q2 25 | $352.5M | $55.5M | ||
| Q1 25 | $379.0M | $55.3M | ||
| Q4 24 | $381.3M | $55.2M | ||
| Q3 24 | — | $46.0M | ||
| Q2 24 | — | $59.8M | ||
| Q1 24 | — | $59.4M |
| Q4 25 | $358.0M | $22.4M | ||
| Q3 25 | $369.2M | $27.4M | ||
| Q2 25 | $390.4M | $27.1M | ||
| Q1 25 | $405.6M | $35.5M | ||
| Q4 24 | $417.9M | $27.7M | ||
| Q3 24 | $458.6M | $9.4M | ||
| Q2 24 | $470.7M | $19.4M | ||
| Q1 24 | $432.9M | $27.7M |
| Q4 25 | $840.8M | $141.6M | ||
| Q3 25 | $855.1M | $145.5M | ||
| Q2 25 | $867.6M | $134.7M | ||
| Q1 25 | $909.0M | $142.0M | ||
| Q4 24 | $941.4M | $140.9M | ||
| Q3 24 | $797.5M | — | ||
| Q2 24 | $797.3M | $96.8M | ||
| Q1 24 | $803.6M | $103.8M |
| Q4 25 | 0.99× | 2.94× | ||
| Q3 25 | 0.96× | 2.40× | ||
| Q2 25 | 0.90× | 2.05× | ||
| Q1 25 | 0.93× | 1.56× | ||
| Q4 24 | 0.91× | 1.99× | ||
| Q3 24 | — | 4.90× | ||
| Q2 24 | — | 3.08× | ||
| Q1 24 | — | 2.15× |
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 | $908.0K |
| Free Cash FlowOCF − Capex | $-16.1M | $692.0K |
| FCF MarginFCF / Revenue | -27.8% | 1.7% |
| Capex IntensityCapex / Revenue | 3.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-71.4M | $-21.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $908.0K | ||
| Q3 25 | $-6.2M | $-785.0K | ||
| Q2 25 | $-7.6M | $-3.5M | ||
| Q1 25 | $-29.0M | $-17.0M | ||
| Q4 24 | $-6.7M | $-8.6M | ||
| Q3 24 | $-22.8M | $-5.4M | ||
| Q2 24 | $-19.7M | $-5.0M | ||
| Q1 24 | $-9.3M | $-12.0M |
| Q4 25 | $-16.1M | $692.0K | ||
| Q3 25 | $-10.3M | $-899.0K | ||
| Q2 25 | $-13.6M | $-3.8M | ||
| Q1 25 | $-31.4M | $-17.2M | ||
| Q4 24 | $-8.6M | $-8.7M | ||
| Q3 24 | $-29.3M | $-5.8M | ||
| Q2 24 | $-23.4M | $-5.6M | ||
| Q1 24 | $-11.7M | $-12.4M |
| Q4 25 | -27.8% | 1.7% | ||
| Q3 25 | -19.2% | -2.4% | ||
| Q2 25 | -26.4% | -9.9% | ||
| Q1 25 | -58.0% | -53.8% | ||
| Q4 24 | -14.8% | -38.6% | ||
| Q3 24 | -54.3% | -31.3% | ||
| Q2 24 | -44.7% | -34.0% | ||
| Q1 24 | -22.3% | -71.1% |
| Q4 25 | 3.0% | 0.5% | ||
| Q3 25 | 7.8% | 0.3% | ||
| Q2 25 | 11.6% | 0.7% | ||
| Q1 25 | 4.4% | 0.7% | ||
| Q4 24 | 3.2% | 0.4% | ||
| Q3 24 | 12.1% | 2.1% | ||
| Q2 24 | 7.0% | 3.7% | ||
| Q1 24 | 4.4% | 2.2% |
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% |
STIM
Segment breakdown not available.
