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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue:      
Total revenue $ 217,394 $ 216,682 $ 223,169
Operating expenses:      
Cost of goods sold 130,762 126,373 133,606
Research and development 154,092 175,112 154,507
Selling, general, and administrative 77,689 80,945 70,479
Restructuring costs 9,066 4,332 0
Total operating expenses 371,609 386,762 358,592
Loss from operations (154,215) (170,080) (135,423)
Other income (expense), net:      
Interest income 7,292 4,588 7,801
Interest expense (17,642) (9,258) (8,650)
Gain from change in fair value of warrants 0 0 7,066
Gain (loss) from change in fair value of contingent considerations and acquisition-related holdbacks 6,970 29,041 (2,985)
Gain from extinguishment of debt 2,623 0 0
Other income (expense) 1,247 (400) (1,175)
Total other income, net 490 23,971 2,057
Net loss before income taxes (153,725) (146,109) (133,366)
Income tax benefit 3,013 1,922 4,534
Net loss (150,712) (144,187) (128,832)
Less: Net loss attributable to noncontrolling interest (7,646) (11,584) (11,207)
Net loss attributable to indie Semiconductor, Inc. (143,066) (132,603) (117,625)
Net loss attributable to common shares —basic (143,066) (132,603) (117,625)
Net loss attributable to common shares —diluted $ (143,066) $ (132,603) $ (117,625)
Net loss per share attributable to common shares - basic $ (0.73) $ (0.76) $ (0.81)
Net loss per share attributable to common shares - diluted $ (0.73) $ (0.76) $ (0.81)
Weighted average common shares outstanding - basic 197,246,432 175,029,650 145,188,867
Weighted average common shares outstanding - diluted 197,246,432 175,029,650 145,188,867
Product revenue      
Revenue:      
Total revenue $ 206,961 $ 202,698 $ 195,624
Contract revenue      
Revenue:      
Total revenue $ 10,433 $ 13,984 $ 27,545