Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.07%
Period
EPS Actual
EPS Est
Surprise
Dec. 31, 2025
$-4.51
$-4.45
-0.06%
Sept. 30, 2025
$-2.98
$-4.25
1.3%
June 30, 2025
$-9.09
$-9.42
0.33%
March 31, 2025
$-8.96
$-5.14
-3.8%
Dec. 31, 2024
$-10.64
$-12.57
1.9%
Peer comparison (GICS sub-industry)
Key metrics vs sector peers
Ticker
Market Cap
P/E
Rev YoY
Net Margin
ROE
Gross Margin
INDP
$6M
-0.1
—
—
-2820.8%
—
EQ
$95M
-4.0
13.9%
—
-133.1%
—
HURA
—
-1.2
—
—
—
—
SPRB
$120M
-1.7
-51.3%
—
-139.9%
—
IMDX
$215M
-4.5
115.6%
-1238.5%
330.8%
56.7%
OTLK
$57M
-0.6
—
-4416.2%
193.1%
4.0%
CBUS
—
-0.6
-14.6%
-3492.3%
-223.0%
—
VTVT
—
—
—
—
-70.4%
—
GNLX
$166M
-5.1
0.00%
-401812.5%
-181.4%
—
BDTX
$139M
6.2
—
31.9%
18.3%
—
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
Income Statement13
Annual Income Statement data for INDP
Metric
Trend
2025
2024
2023
2022
2021
2020
R&D Expense
$9M
$7M
$8M
$6M
$3M
$3M
SG&A Expense
$10M
$8M
$9M
$9M
$5M
$944.2K
Operating Expenses
$20M
$15M
$16M
$15M
$8M
$4M
Operating Income
$-20M
$-15M
$-16M
$-15M
$-8M
$-4M
Other Non-op
·
$343.7K
$955.0K
$588.1K
$17.7K
$15.1K
Pretax Income
$-21M
$-15M
·
·
·
·
Income Tax
$1.7K
$1.7K
$2.5K
$30
$1.6K
$800
Net Income
$-21M
$-15M
$-15M
$-14M
$-8M
$-4M
EPS (Basic)
$-21.58
$-44.96
$-1.83
$-1.73
$-1.89
·
EPS (Diluted)
$-21.58
$-44.96
$-1.83
$-1.73
·
·
Shares (Basic)
966,124
334,133
8,401,047
8,262,119
4,090,599
·
Shares (Diluted)
966,124
334,133
8,401,047
8,262,119
·
·
EBITDA
$-20M
$-15M
$-16M
$-15M
$-8M
·
Balance Sheet20
Annual Balance Sheet data for INDP
Metric
Trend
2025
2024
2023
2022
2021
2020
Cash & Equivalents
$9M
$6M
$13M
$10M
$39M
$2M
Short-term Investments
·
·
·
$17M
·
·
Prepaid Expense
$802.5K
$831.6K
$633.2K
$811.4K
$1M
$94.5K
Current Assets
$9M
$7M
$14M
$27M
$40M
$2M
PP&E (Net)
·
·
$735
$2.0K
$3.8K
$1.3K
Other Non-current Assets
·
$638.3K
$754.7K
$738.3K
$16.5K
$44.4K
Total Assets
$9M
$7M
$15M
$28M
$41M
$2M
Accounts Payable
$544.1K
$870.2K
$806.0K
$1M
$3M
$156.0K
Accrued Liabilities
·
·
·
·
·
$3M
Current Liabilities
$6M
$3M
$3M
$3M
$5M
$2M
Capital Leases
·
·
$73.3K
·
$72.9K
·
Other Non-current Liabilities
·
·
·
·
·
$691.0K
Total Liabilities
$6M
$3M
$3M
$3M
$5M
$2M
Common Stock
$21.7K
$4.3K
$84.0K
$84.0K
$82.6K
$19.4K
Paid-in Capital
$84M
$64M
$57M
$54M
$51M
$8M
Retained Earnings
$-81M
$-60M
$-45M
$-30M
$-16M
$-8M
AOCI
·
·
·
$96.4K
·
·
Stockholders' Equity
$3M
$4M
$12M
$25M
$36M
$-237.7K
Liabilities + Equity
$9M
$7M
$15M
$28M
$41M
$2M
Shares Outstanding
2,167,324
428,799
8,401,047
8,401,047
8,258,597
1,944,672
Cash Flow9
Annual Cash Flow data for INDP
Metric
Trend
2025
2024
2023
2022
2021
2020
Stock-based Comp
$1M
$2M
$3M
$3M
$2M
$140.0K
Operating Cash Flow
$-15M
$-12M
$-13M
$-13M
$-11M
$-3M
CapEx
·
·
·
·
$3.9K
·
Investing Cash Flow
·
·
$17M
$-16M
$447.7K
·
Stock Issued
$6M
$6M
·
·
·
·
Net Stock Activity
$6M
$6M
·
·
·
·
Financing Cash Flow
$18M
$5M
·
·
$48M
$1M
Taxes Paid
·
$1.6K
$1.6K
$2.4K
$800
·
Free Cash Flow
·
·
·
·
$-11M
·
Profitability3
Annual Profitability data for INDP
Metric
Trend
2025
2024
2023
2022
2021
2020
ROA
-250.5%
-134.9%
-71.8%
-41.7%
-36.4%
·
ROE
-2820.8%
-302.0%
-112.5%
-54.9%
-20.8%
·
ROIC
-629.4%
·
·
·
·
·
Liquidity & Solvency2
Annual Liquidity & Solvency data for INDP
Metric
Trend
2025
2024
2023
2022
2021
2020
Current Ratio
1.5
2.0
5.0
7.9
8.8
·
Quick Ratio
1.4
1.7
4.8
7.7
8.5
·
Per Share4
Annual Per Share data for INDP
Metric
Trend
2025
2024
2023
2022
2021
2020
Book Value / Share
$1.45
$0.33
$1.44
$2.93
$4.35
·
Cash Flow / Share
$-15.34
$-1.32
$-1.60
·
·
·
Cash / Share
$3.93
$0.48
$1.59
$1.15
$4.74
·
EPS (TTM)
$-21.58
$-44.96
$-1.83
$-1.73
·
·
Valuation (TTM)8
Annual Valuation (TTM) data for INDP
Metric
Trend
2025
2024
2023
2022
2021
2020
Net Income TTM
$-21M
$-15M
$-15M
$-14M
$-8M
·
Market Cap
$6M
$283M
$414M
$341M
$1.32B
·
P/E
-0.1
-0.5
-26.9
-23.5
·
·
P/B
2.0
71.8
34.3
13.8
36.7
·
P / Tangible Book
2.0
71.8
34.3
13.8
36.7
·
P / Cash Flow
-0.4
-23.0
-30.9
-26.1
-116.7
·
P / FCF
·
·
·
·
-116.7
·
Earnings Yield
-741.6%
-190.7%
-3.7%
-4.3%
·
·
Income Statement11
Quarterly Income Statement data for INDP
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
R&D Expense
$363.1K
$491.1K
$3M
$2M
$2M
$3M
$2M
$1M
$2M
$2M
$2M
$2M
$1M
$2M
$2M
$2M
SG&A Expense
$1M
$2M
$5M
$1M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$3M
$2M
$2M
Operating Expenses
$2M
$2M
$8M
$3M
$4M
$5M
$4M
$3M
$4M
$4M
$4M
$4M
$3M
$4M
$4M
$4M
Operating Income
$-2M
$-2M
$-8M
$-3M
$-4M
$-5M
$-4M
$-3M
$-4M
$-4M
$-4M
$-4M
$-3M
$-4M
$-4M
$-4M
Other Non-op
$14.0K
$-381.5K
·
·
$-772.2K
$40.1K
·
$73.0K
$93.6K
$136.6K
$176.9K
$326.0K
$250.2K
$201.9K
$431.2K
$86.2K
Net Income
$-2M
$-3M
$-8M
$-3M
$-5M
$-5M
$-4M
$-3M
$-4M
$-4M
$-4M
$-4M
$-3M
$-4M
$-4M
$-3M
EPS (Basic)
$-0.02
$-0.23
$-9.19
$-2.98
$-9.09
$-9.11
$-22.31
$-9.04
$-13.16
$-0.45
$-0.46
$-0.47
$-0.39
$-0.51
$-0.44
$-0.42
EPS (Diluted)
$-0.02
$-0.23
$-9.19
$-2.98
$-9.09
$-9.11
$-22.31
$-9.04
$-13.16
$-0.45
$-0.46
$-0.47
$-0.39
$-0.51
$-0.44
$-0.42
Shares (Basic)
116,131,213
10,956,650
-14,708,215
997,038
574,923
497,794
-8,753,030
339,659
305,140
8,442,364
-16,802,094
8,401,047
8,401,047
8,401,047
-16,513,672
8,258,597
Shares (Diluted)
116,131,213
10,956,650
-14,708,215
997,038
574,923
497,794
-8,753,030
339,659
305,140
8,442,364
-16,802,094
8,401,047
8,401,047
8,401,047
3,522
8,258,597
EBITDA
$-2M
$-2M
·
$-3M
$-4M
$-5M
·
$-3M
$-4M
$-4M
·
$-4M
$-3M
$-4M
·
$-4M
Balance Sheet19
Quarterly Balance Sheet data for INDP
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Cash & Equivalents
$8M
$1M
$9M
$6M
$6M
$4M
$6M
$7M
$7M
$10M
$13M
$16M
$13M
$7M
$10M
$7M
Short-term Investments
$4M
·
·
·
·
·
·
·
·
·
·
·
$7M
$15M
$17M
$22M
Prepaid Expense
$434.1K
$683.2K
$802.5K
$613.4K
$255.4K
$1M
$831.6K
$248.7K
$186.7K
$551.0K
$633.2K
$879.5K
$180.8K
$470.8K
$811.4K
$1M
Other Current Assets
$27.8K
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Current Assets
·
$2M
$9M
$6M
$6M
$5M
$7M
$8M
$7M
$10M
$14M
$17M
$20M
$22M
$27M
$30M
PP&E (Net)
·
·
·
·
·
·
·
·
·
·
$735
$1.1K
$1.4K
$1.7K
$2.0K
$2.3K
Other Non-current Assets
·
·
·
$392.6K
$392.6K
$392.6K
$638.3K
$504.7K
$504.7K
$504.7K
$754.7K
$754.7K
$754.7K
$754.7K
$738.3K
$754.7K
Total Assets
$12M
·
$9M
$7M
$7M
$5M
$7M
$8M
$8M
$11M
$15M
$18M
$21M
$23M
$28M
$30M
Accounts Payable
$508.9K
$557.4K
$544.1K
$707.4K
$618.5K
$1M
$870.2K
$555.9K
$416.6K
$405.5K
$806.0K
$617.3K
$747.7K
$382.1K
$1M
$1M
Current Liabilities
·
$933.0K
$6M
$2M
$9M
$3M
$3M
$2M
$2M
$2M
$3M
$2M
$2M
$2M
$3M
$3M
Capital Leases
·
·
·
·
·
·
·
$4.0K
$27.6K
$50.7K
$73.3K
$95.2K
$116.2K
$136.7K
·
$4.9K
Total Liabilities
$615.4K
·
·
·
·
·
·
$2M
$2M
$2M
$3M
$2M
$2M
$2M
$3M
$3M
Common Stock
$1M
$1M
$21.7K
$16.4K
$6.0K
$160.3K
$4.3K
$102.0K
$85.5K
$85.4K
$84.0K
$84.0K
$84.0K
$84.0K
$84.0K
$82.6K
Paid-in Capital
$96M
$84M
$84M
$78M
$69M
$68M
$64M
$62M
$59M
$58M
$57M
$57M
$56M
$55M
$54M
$54M
Retained Earnings
$-86M
$-84M
$-81M
$-73M
$-70M
$-65M
$-60M
$-56M
$-53M
$-49M
$-45M
$-41M
$-37M
$-34M
$-30M
$-26M
AOCI
·
·
·
·
·
·
·
·
·
·
·
·
$134.2K
$177.5K
$96.4K
$15.1K
Stockholders' Equity
$11M
$1M
$3M
$5M
$-2M
$3M
$4M
$6M
$6M
$9M
$12M
$15M
$19M
$21M
$25M
$28M
Liabilities + Equity
$12M
$2M
$9M
$7M
$7M
$5M
$7M
$8M
$8M
$11M
$15M
$18M
$21M
$23M
$28M
$30M
Shares Outstanding
133,242,324
113,242,324
2,167,324
1,641,920
604,963
16,034,444
428,799
10,196,884
8,553,047
8,538,883
8,401,047
8,401,047
8,401,047
8,401,047
8,401,047
8,258,597
Cash Flow7
Quarterly Cash Flow data for INDP
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Stock-based Comp
$-64.3K
$227.2K
$785.8K
$150.6K
$180.8K
$240.9K
$304.1K
$444.2K
$782.9K
$774.7K
$745.5K
$764.8K
$728.5K
$727.1K
$637.6K
$584.0K
Operating Cash Flow
$-2M
$-7M
$-3M
$-3M
$-4M
$-5M
$-3M
$-3M
$-2M
$-4M
$-3M
$-4M
$-2M
$-5M
$-2M
$-5M
Investing Cash Flow
·
·
·
·
·
·
·
·
·
·
$0
$7M
$8M
$2M
$5M
$-3M
Stock Issued
·
·
$0
$2M
$575.1K
$3M
$2M
$3M
$39.5K
$336.0K
·
·
·
·
·
·
Net Stock Activity
·
·
·
·
·
$3M
·
·
·
$336.0K
·
·
·
·
·
·
Financing Cash Flow
·
·
$6M
$2M
$6M
$3M
$2M
$3M
$38.1K
$316.0K
·
·
·
·
·
·
Taxes Paid
·
·
·
·
·
·
·
·
·
·
$0
$0
·
·
$0
$0
Profitability2
Quarterly Profitability data for INDP
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
ROA
-19.1%
·
·
-39.5%
-69.9%
-55.4%
·
-23.6%
-27.7%
-22.3%
·
-16.3%
-11.8%
-14.1%
·
-9.3%
ROE
-37.0%
-125.6%
·
-56.1%
-232.8%
-74.5%
·
-28.8%
-32.4%
-24.9%
·
-18.3%
-13.2%
-15.6%
·
-10.6%
Liquidity & Solvency2
Quarterly Liquidity & Solvency data for INDP
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Current Ratio
·
2.3
·
2.9
0.8
1.9
·
3.4
3.9
6.7
·
7.1
9.4
12.2
·
10.3
Quick Ratio
·
1.6
·
2.6
0.7
1.5
·
3.3
3.8
6.3
·
6.7
9.4
11.9
·
9.9
Per Share4
Quarterly Per Share data for INDP
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Book Value / Share
$0.09
$0.01
·
$2.81
$-2.77
$0.17
·
$0.59
$0.72
$1.10
·
$1.83
$2.22
$2.52
·
$3.34
Cash Flow / Share
·
$-0.64
·
·
·
$-0.36
·
·
·
$-0.47
·
·
·
·
·
·
Cash / Share
$0.06
$0.01
·
$3.55
$10.18
$0.24
·
$0.72
$0.85
$1.14
·
$1.90
$1.51
$0.81
·
$0.81
EPS (TTM)
$-12.32
$-21.41
·
$-21.43
$-31.61
$-22.97
·
$-23.12
$-14.47
$-1.82
·
$-1.79
$-1.78
·
·
·
Valuation (TTM)7
Quarterly Valuation (TTM) data for INDP
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Net Income TTM
$-13M
$-15M
·
$-16M
$-17M
$-15M
·
$-15M
$-15M
$-15M
·
$-15M
$-15M
$-15M
·
$-14M
Market Cap
$400M
$206M
·
$5M
$6M
$247M
·
$354M
$508M
$536M
·
$648M
$449M
$435M
·
$499M
P/E
-0.2
-0.1
·
-0.1
-0.3
-0.7
·
-1.5
-4.1
-34.5
·
-43.1
-30.0
·
·
·
P/B
35.1
165.2
·
1.0
-3.8
88.2
·
59.0
82.3
57.2
·
42.3
24.1
20.5
·
18.1
P / Tangible Book
35.1
165.2
·
1.0
·
88.2
·
59.0
82.3
57.2
·
42.3
24.1
20.5
·
18.1
P / Cash Flow
·
-29.4
·
·
·
-48.9
·
·
·
-136.1
·
·
·
-87.7
·
·
Earnings Yield
-410.7%
-1176.4%
·
-746.7%
-300.2%
-149.2%
·
-66.6%
-24.4%
-2.9%
·
-2.3%
-3.3%
·
·
·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Net Income
$-21M
$-15M
$-15M
$-14M
$-8M
Diluted EPS
$-21.58
$-44.96
$-1.83
$-1.73
—
Balance Sheet
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
1.5
2.0
5.0
7.9
8.8
Quick Ratio
1.4
1.7
4.8
7.7
8.5
Cash Flow
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
—
—
—
—
$-11M
My Metrics
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Institutional owners (13F)
10 filers · $518K total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
6
(+2 vs prior Q)
2
(0 vs prior Q)
2
(+2 vs prior Q)
0
(-1 vs prior Q)
+309K
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners
11 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership
Held by 1 ETF
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.