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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 96,897 $ 151,678
Restricted cash 10,300 0
Accounts receivable, net of allowance for doubtful accounts of $510 and $192 for September 30, 2024 and December 31, 2023, respectively 56,163 63,602
Inventory, net 52,157 33,141
Prepaid expenses and other current assets 25,300 23,399
Total current assets 240,817 271,820
Property and equipment, net 34,677 26,966
Intangible assets, net 222,659 208,134
Goodwill 275,417 295,096
Operating lease right-of-use assets 16,902 13,790
Other assets and deposits 6,989 3,070
Total assets 797,461 818,876
Liabilities and stockholders' equity    
Accounts payable 26,021 18,405
Accrued payroll liabilities 7,656 6,621
Contingent consideration 21,548 83,903
Accrued expenses and other current liabilities 20,700 21,411
Intangible asset contract liability 5,875 4,429
Current debt obligations 19,081 4,106
Total current liabilities 100,881 138,875
Long-term debt, net of current portion 157,537 156,735
Intangible asset contract liability, net of current portion 13,688 0
Deferred tax liabilities, non-current 17,052 13,696
Operating lease liability, non-current 15,541 10,850
Other long-term liabilities 3,959 21,695
Total liabilities 308,658 341,851
Commitments and contingencies (Note 18)
Stockholders' equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued or outstanding 0 0
Additional paid-in capital 928,552 813,742
Accumulated deficit (461,462) (361,441)
Accumulated other comprehensive loss (8,546) (6,170)
indie's stockholders' equity 458,564 446,149
Noncontrolling interest 30,239 30,876
Total stockholders' equity 488,803 477,025
Total liabilities and stockholders' equity 797,461 818,876
Class A    
Stockholders' equity    
Common stock 18 16
Class V    
Stockholders' equity    
Common stock $ 2 $ 2