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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Total revenue $ 216,682 $ 223,169 $ 110,797
Operating expenses:      
Cost of goods sold 126,373 133,606 60,491
Research and development 175,112 154,507 121,197
Selling, general, and administrative 80,945 70,479 48,237
Restructuring costs 4,332 0 0
Total operating expenses 386,762 358,592 229,925
Loss from operations (170,080) (135,423) (119,128)
Other income (expense), net:      
Interest income 4,588 7,801 2,567
Interest expense (9,258) (8,650) (1,692)
Gain from change in fair value of warrants 0 7,066 55,069
Gain (loss) from change in fair value of contingent considerations and acquisition related holdbacks 29,041 (2,985) 9,468
Other expense (400) (1,175) (107)
Total other income, net 23,971 2,057 65,305
Net loss before income taxes (146,109) (133,366) (53,823)
Income tax benefit 1,922 4,534 1,035
Net loss (144,187) (128,832) (52,788)
Less: Net loss attributable to noncontrolling interest (11,584) (11,207) (9,388)
Net loss attributable to indie Semiconductor, Inc. (132,603) (117,625) (43,400)
Net loss attributable to common shares —basic (132,603) (117,625) (43,400)
Net loss attributable to common shares —diluted $ (132,603) $ (117,625) $ (43,400)
Net loss per share attributable to common shares - basic (in dollars per share) $ (0.76) $ (0.81) $ (0.37)
Net loss per share attributable to common shares - diluted (in dollars per share) $ (0.76) $ (0.81) $ (0.37)
Weighted average common shares outstanding - basic (in shares) 175,029,650 145,188,867 118,660,785
Weighted average common shares outstanding - diluted (in shares) 175,029,650 145,188,867 118,660,785
Product revenue      
Revenue:      
Total revenue $ 202,698 $ 195,624 $ 89,457
Contract revenue      
Revenue:      
Total revenue $ 13,984 $ 27,545 $ 21,340