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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 274,248 $ 151,678
Restricted cash 10,300 0
Accounts receivable, net of allowance for doubtful accounts of $1,970 as of December 31, 2024 and $192 as of December 31, 2023 52,005 63,602
Inventory, net 49,887 33,141
Prepaid expenses and other current assets 22,308 23,399
Total current assets 408,748 271,820
Property and equipment, net 34,281 26,966
Intangible assets, net 208,944 208,134
Goodwill 266,368 295,096
Operating lease right-of-use assets 16,107 13,790
Other assets and deposits 6,938 3,070
Total assets 941,386 818,876
Liabilities and stockholders' equity    
Accounts payable 28,326 18,405
Accrued payroll liabilities 5,573 6,621
Contingent considerations 3,589 83,903
Accrued expenses and other current liabilities 29,297 21,411
Intangible asset contract liability 5,875 4,429
Current debt obligations 12,220 4,106
Total current liabilities 84,880 138,875
Long-term debt, net of current portion 369,097 156,735
Intangible asset contract liability, net of current portion 11,965 0
Deferred tax liabilities, non-current 11,660 13,696
Operating lease liability, non-current 14,278 10,850
Other long-term liabilities 4,111 21,695
Total liabilities 495,991 341,851
Commitments and contingencies (Note 20)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 0 shares issued or outstanding 0 0
Additional paid-in capital 936,564 813,742
Accumulated deficit (494,044) (361,441)
Accumulated other comprehensive loss (24,655) (6,170)
indie’s stockholders’ equity 417,886 446,149
Noncontrolling interest 27,509 30,876
Total stockholders' equity 445,395 477,025
Total liabilities and stockholders' equity 941,386 818,876
Class A    
Stockholders’ equity    
Common Stock 19 16
Class V    
Stockholders’ equity    
Common Stock $ 2 $ 2