CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 192,560	$ 274,248
Restricted cash	10,293	10,300
Accounts receivable, net of allowance for doubtful accounts of $1,940 as of June 30, 2025 and $1,970 as of December 31, 2024, respectively	59,134	52,005
Inventory	47,028	49,887
Prepaid expenses and other current assets	22,745	22,308
Total current assets	331,760	408,748
Property and equipment, net	40,628	34,281
Intangible assets, net	198,540	208,944
Goodwill	276,240	266,368
Operating lease right-of-use assets	14,590	16,107
Other assets and deposits	5,872	6,938
Total assets	867,630	941,386
Liabilities and stockholders' equity
Accounts payable	19,667	28,326
Accrued payroll liabilities	16,880	5,573
Contingent considerations	283	3,589
Accrued expenses and other current liabilities	20,496	29,297
Intangible asset contract liability	4,928	5,875
Current debt obligations	14,227	12,220
Total current liabilities	76,481	84,880
Long-term debt, net of current portion	338,226	369,097
Intangible asset contract liability, net of current portion	9,221	11,965
Deferred tax liabilities, non-current	12,900	11,660
Operating lease liability, non-current	13,291	14,278
Other long-term liabilities	2,415	4,111
Total liabilities	452,534	495,991
Commitments and contingencies (Note 16)
Stockholders' equity
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 0 shares issued or outstanding	0	0
Additional paid-in capital	963,886	936,564
Accumulated deficit	(567,628)	(494,044)
Accumulated other comprehensive loss	(5,873)	(24,655)
indie's stockholders' equity	390,407	417,886
Noncontrolling interest	24,689	27,509
Total stockholders' equity	415,096	445,395
Total liabilities and stockholders' equity	867,630	941,386
Class A
Stockholders' equity
Common stock	20	19
Class V
Stockholders' equity
Common stock	$ 2	$ 2