v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 138,975 $ 145,456
Restricted cash 10,027 10,285
Accounts receivable, net of allowance for doubtful accounts of $116 as of June 30, 2026 and $163 as of December 31, 2025 67,816 57,485
Inventory 67,626 48,618
Prepaid expenses and other current assets 27,115 23,924
Total current assets 311,559 285,768
Property and equipment, net 44,368 43,349
Intangible assets, net 176,551 195,908
Goodwill 286,842 292,644
Operating lease right-of-use assets 13,730 14,363
Other assets and deposits 8,481 8,754
Total assets 841,531 840,786
Liabilities and stockholders' equity    
Accounts payable 24,786 21,832
Accrued payroll liabilities 14,095 9,889
Contingent considerations 5,366 611
Accrued expenses and other current liabilities 22,852 24,772
Intangible asset contract liability 5,875 5,875
Current debt obligations 12,324 13,567
Total current liabilities 85,298 76,546
Long-term debt, net of current portion 403,741 339,834
Intangible asset contract liability, net of current portion 2,189 5,705
Deferred tax liabilities, non-current 13,840 14,198
Operating lease liability, non-current 11,798 13,046
Other long-term liabilities 2,503 7,444
Total liabilities 519,369 456,773
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 1,025,213 998,730
Accumulated deficit (717,377) (637,110)
Accumulated other comprehensive loss (13,186) (3,611)
indie's stockholders' equity 294,672 358,031
Noncontrolling interest 27,490 25,982
Total stockholders' equity 322,162 384,013
Total liabilities and stockholders' equity 841,531 840,786
Class A    
Stockholders' equity    
Common stock 21 20
Class V    
Stockholders' equity    
Common stock $ 1 $ 2