SRSEC Reporting Desk

indie Semiconductor, Inc. (INDI) – SEC staff letter

2026-01-14 · Re: Form 10-K for the Fiscal Year Ended December 31, 2024 Form 8-K Filed November 6, 2025 Response Dated September 26, 2025 · Accession 0000000000-26-000499 · 1 staff comment(s) issued

Company response(s): 2026-01-23

Non-GAAP: Adjustments & LabelsNon-GAAP: Reconciliation & UsefulnessKPIs, Metrics & Earnings CallsExhibits, Certifications & SignaturesBusiness Description (Item 101)

2026-01-14 · Form 10-K for the Fiscal Year Ended December 31, 2024 Form 8-K Filed November 6, 2025 Response Dated September 26, 2025 · Comment 1 · Exhibit 99.1, page 1 Agreed to revise
Staff comment: We note your response to prior comment 6, including your statements that you do not present GAAP gross profit or GAAP gross margin in your Consolidated Statements of Operations because certain costs related to contract revenues are expensed as incurred and included in research and development expenses and it is not practicable to allocate such expenses to cost of sales. We also note you now believe the adjusted non-GAAP gross profit and adjusted non-GAAP gross margin measures you present should be categorized as Key Performance Metrics (KPMs) because: (1) they are consistent with how you reflect your business in internal financial statements; (2) they are consistent with how your leadership… letter →
Company response: to prior comment 6, including your statements that you do not present GAAP gross profit or GAAP gross margin in your Consolidated Statements of Operations because certain costs related to contract revenues are expensed as incurred and included in research and development expenses and it is not practicable to allocate such expenses to cost of sales. We also note you now believe the adjusted non-GAAP gross profit and adjusted non-GAAP gross margin measures you present should be categorized as Key Performance Metrics (KPMs) because: (1) they are consistent with how you reflect your business in internal financial statements; (2) they are consistent with how your leadership and Chief Executive… response letter →
Non-GAAP: Adjustments & LabelsNon-GAAP: Reconciliation & UsefulnessKPIs, Metrics & Earnings CallsExhibits, Certifications & SignaturesBusiness Description (Item 101)

Full letter on EDGAR → · Filing index · All indie Semiconductor, Inc. (INDI) correspondence

Non-GAAP: Adjustments & Labels – what to check: Do not exclude normal, recurring cash operating expenses or use individually tailored recognition methods; label measures clearly (C&DI 100.01–100.04).

Non-GAAP: Reconciliation & Usefulness – what to check: Reconcile every non-GAAP measure (including segment-level measures presented outside the ASC 280 note) to the most directly comparable GAAP measure, and explain why it is useful.

KPIs, Metrics & Earnings Calls – what to check:

Exhibits, Certifications & Signatures – what to check:

Business Description (Item 101) – what to check:

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