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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenue $ 51,634 $ 52,355 $ 105,711 $ 104,708
Operating expenses:        
Cost of goods sold 30,693 30,241 62,221 60,330
Research and development 38,472 41,301 80,587 90,890
Selling, general, and administrative 18,355 17,447 37,722 39,769
Restructuring costs 7,107 0 7,107 0
Total operating expenses 94,627 88,989 187,637 190,989
Loss from operations (42,993) (36,634) (81,926) (86,281)
Other income (expense), net:        
Interest income 2,226 1,076 4,493 2,385
Interest expense (4,527) (2,134) (9,043) (4,240)
Gain from change in fair value of contingent considerations and acquisition-related holdbacks 90 17,331 4,893 32,690
Gain from extinguishment of debt 2,623 0 2,623 0
Other income (expense) 1,528 (553) 792 (800)
Total other income, net 1,940 15,720 3,758 30,035
Net loss before income taxes (41,053) (20,914) (78,168) (56,246)
Income tax benefit (provision) (565) (86) (621) 1,023
Net loss (41,618) (21,000) (78,789) (55,223)
Less: Net loss attributable to noncontrolling interest (2,580) (1,840) (5,205) (4,884)
Net loss attributable to indie Semiconductor, Inc. (39,038) (19,160) (73,584) (50,339)
Net loss attributable to common shares - basic (39,038) (19,160) (73,584) (50,339)
Net loss attributable to common shares - diluted $ (39,038) $ (19,160) $ (73,584) $ (50,339)
Net loss per share attributable to common shares - basic $ (0.2) $ (0.11) $ (0.38) $ (0.30)
Net loss per share attributable to common shares - diluted $ (0.2) $ (0.11) $ (0.38) $ (0.30)
Weighted average common shares outstanding - basic 195,370,583 170,164,241 193,234,270 167,384,295
Weighted average common shares outstanding - diluted 195,370,583 170,164,241 193,234,270 167,384,295
Product revenue        
Revenue:        
Total revenue $ 49,720 $ 49,009 $ 100,140 $ 97,587
Contract revenue        
Revenue:        
Total revenue $ 1,914 $ 3,346 $ 5,571 $ 7,121