Indycar is a privately owned entity headquartered in the US. Founded in 1994, it employs approximately 170 individuals and reported $48.3M in revenue as of 2023. Functioning as a tier 1 media tech buyer, the company operates as the governing body for North America's premier open-wheel auto racing series, the NTT INDYCAR SERIES, and its final preparatory series, Indy NXT.
On April 22, 2026, IndyCar named Scot Elkins as its managing director of officiating (MDO), appointed by the organization's Independent Officiating Board (IOB), which was established in December 2025. This appointment completed a crucial piece of the officiating structure leading up to the 110th Indianapolis 500, as noted on April 21, 2026. Earlier, on April 20, 2026, IndyCar officials revealed a software failure during the Grand Prix of Long Beach, where the Push to Pass system became available to all drivers prematurely on Lap 61; the organization decided against issuing penalties for the incident.
Indycar offers 3 products in the sports and media and telecoms services industries. Indycar's product portfolio comprises of media and TV services and motorsports and cycling.
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Indycar's revenues were less than $100M in 2023. Caretta Research has split Indycar's revenue into 2 different product categories, the largest of which is motorsports. For full access to Indycar's revenue breakdown subscribe to Caretta Portal.
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Indycar sells broadcasting rights of its 2 motorsports competitions to 26 companies globally, covering 8 countries. Indycar's rights holders include Telefonica.
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