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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 236,608 $ 274,248
Restricted cash 10,297 10,300
Accounts receivable, net of allowance for doubtful accounts of $2,006 as of March 31, 2025 and $1,970 as of December 31, 2024, respectively 62,880 52,005
Inventory, net 47,822 49,887
Prepaid expenses and other current assets 24,106 22,308
Total current assets 381,713 408,748
Property and equipment, net 34,868 34,281
Intangible assets, net 203,138 208,944
Goodwill 267,590 266,368
Operating lease right-of-use assets 15,310 16,107
Other assets and deposits 6,403 6,938
Total assets 909,022 941,386
Liabilities and stockholders' equity    
Accounts payable 18,474 28,326
Accrued payroll liabilities 6,446 5,573
Contingent considerations 2,873 3,589
Accrued expenses and other current liabilities 26,754 29,297
Intangible asset contract liability 5,500 5,875
Current debt obligations 11,989 12,220
Total current liabilities 72,036 84,880
Long-term debt, net of current portion 367,037 369,097
Intangible asset contract liability, net of current portion 10,593 11,965
Deferred tax liabilities, non-current 11,750 11,660
Operating lease liability, non-current 13,555 14,278
Other long-term liabilities 2,318 4,111
Total liabilities 477,289 495,991
Commitments and contingencies (Note 15)
Stockholders' equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 0 shares issued or outstanding 0 0
Additional paid-in capital 956,888 936,564
Accumulated deficit (528,590) (494,044)
Accumulated other comprehensive loss (22,751) (24,655)
indie's stockholders' equity 405,568 417,886
Noncontrolling interest 26,165 27,509
Total stockholders' equity 431,733 445,395
Total liabilities and stockholders' equity 909,022 941,386
Class A    
Stockholders' equity    
Common stock 19 19
Class V    
Stockholders' equity    
Common stock $ 2 $ 2