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INDI • CIK 0001841925
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | $223,169 | $216,682 | $217,394 | $231,149 |
| Cost of Goods and Services Sold | $133,606 | $126,373 | $130,762 | $143,843 |
| Selling, General and Administrative Expense | $70,479 | $80,945 | $77,689 | $81,745 |
| Research and Development Expense | $154,507 | $175,112 | $154,092 | $149,842 |
| Operating Income (Loss) | $-135,423 | $-170,080 | $-154,215 | $-146,240 |
| Interest Expense | $8,650 | — | — | $8,608 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $-133,366 | $-146,109 | $-153,725 | $-162,400 |
| Income Tax Expense (Benefit) | $-4,534 | $-1,922 | $-3,013 | $-4,401 |
| Net Income (Loss) Attributable to Parent | $-117,625 | $-132,603 | $-143,066 | $-149,749 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Assets | $818,876 | $941,386 | $840,786 | $841,531 |
| Liabilities | $341,851 | $495,991 | $456,773 | $519,369 |
| Assets, Current | $271,820 | $408,748 | $285,768 | $311,559 |
| Cash and Cash Equivalents, at Carrying Value | $151,678 | $274,248 | $145,456 | $138,975 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $63,602 | $52,005 | $57,485 | $67,816 |
| Inventory, Net | $33,141 | $49,887 | $48,618 | $67,626 |
| Property, Plant and Equipment, Net | $26,966 | $34,281 | $43,349 | $44,368 |
| Property, Plant and Equipment, Gross | $41,619 | $55,420 | $73,716 | $79,318 |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $14,653 | $21,139 | $30,367 | $34,950 |
| Operating Lease, Right-of-Use Asset | $13,790 | $16,107 | $14,363 | $13,730 |
| Goodwill | $295,096 | $266,368 | $292,644 | $286,842 |
| Intangible Assets, Net (Excluding Goodwill) | $208,134 | $208,944 | $195,908 | $176,551 |
| Deferred Tax Assets, Net of Valuation Allowance | $3,899 | $5,148 | $6,383 | $6,383 |
| Other Assets, Noncurrent | $3,070 | $6,938 | $8,754 | $8,481 |
| Liabilities, Current | $138,875 | $84,880 | $76,546 | $85,298 |
| Accounts Payable, Current | $18,405 | $28,326 | $21,832 | $24,786 |
| Accrued Liabilities, Current | $21,411 | $29,297 | $24,772 | $22,852 |
| Long-term Debt, Excluding Current Maturities | $156,735 | $369,097 | $339,834 | $403,741 |
| Stockholders' Equity Attributable to Parent | $446,149 | $417,886 | $358,031 | $294,672 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | $-104,385 | $-58,601 | $-57,130 | $-71,518 |
| Net Cash Provided by (Used in) Investing Activities | $-107,742 | $-19,259 | $-31,967 | $-29,905 |
| Net Cash Provided by (Used in) Financing Activities | $43,567 | $209,334 | $-38,941 | $47,070 |
| Other Depreciation and Amortization | $31,848 | $39,777 | $40,413 | $42,641 |
| Payments to Acquire Property, Plant, and Equipment | $12,752 | $14,337 | $14,294 | $12,232 |
| Proceeds from Issuance of Common Stock | $0 | $0 | — | $0 |