Every 10-Q that Indivior Pharmaceuticals Inc. (INDV) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow INDV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full INDV filings page.
Indivior Pharmaceuticals, Inc. reported strong first-quarter 2026 results, led by its long-acting opioid use disorder treatment SUBLOCADE. Net revenue rose to $317 million from $266 million, while net income increased to $89 million from $47 million, lifting diluted EPS to $0.69.
SUBLOCADE net revenue grew 32% to $232 million, representing 73% of total net revenue, and gross margin improved to 87% as mix shifted toward higher-margin products. The company issued $500 million of 0.625% Convertible Senior Notes due 2031, repaid a $333 million term loan, and repurchased about 4 million shares for $125 million under a new $400 million buyback.
Operating cash flow turned slightly negative, mainly due to litigation settlement payments and payment timing, while restructuring tied to the Indivior Action Agenda continued, with $9 million of charges in the quarter and $40 million of related liabilities outstanding.
Indivior PLC filed its Q3 2025 10-Q, reporting net revenue of $314 million (up from $307 million) and net income of $42 million (vs. $22 million). Diluted EPS was $0.33 (vs. $0.16). Gross margin was 73% (vs. 79%), reflecting Q3 charges tied to portfolio actions.
SUBLOCADE remained the growth driver with total net revenue of $219 million (U.S. $203 million), offsetting declines in sublingual products, OPVEE, and PERSERIS. For the first nine months, net revenue was $881 million (vs. $889 million) with net income of $108 million (vs. a $14 million loss).
The company recorded $72 million in Q3 costs, including $35 million for Phase 1 of the Indivior Action Agenda and $37 million related to discontinuing sales and marketing support for OPVEE. Cash and equivalents were $445 million and debt totaled $322 million (current $18 million, long‑term $304 million). Operating cash flow for the first nine months was $194 million. The company plans to exit several non‑U.S. markets, with expected charges of $30–$50 million, primarily in Q4 2025 and Q1 2026. Accrued litigation settlement expenses were $406 million, including an opioid-related settlement accrual of $80 million.
Q2 2025 snapshot: Net revenue rose 1% YoY to $302 m as SUBLOCADE sales grew 9% to $209 m, offsetting softer U.S. sublingual products. Gross margin expanded to 83% (74% last year) after prior-year PERSERIS exit costs rolled off. Operating income swung to $72 m from a $(118) m loss and diluted EPS reached $0.14 versus $(0.72). For the first half, revenue slipped 3% to $568 m but EPS improved to $0.52.
Cash & leverage: Operating cash flow jumped to $233 m, aided by delayed rebate payments, taking cash to $510 m and creating net cash of roughly $184 m against $326 m total debt. Capital-expenditure guidance remains $50-70 m for FY25, mainly for SUBLOCADE capacity.
Legal & tax items: Antitrust liabilities are down to an NPV of $20 m, and a $79 m provision covers opioid-MDL settlement offers. New dental-injury MDL (≈21,000 plaintiffs) and U.K. shareholder suits introduce fresh uncertainty. A £33 m HMRC reserve pushed the effective tax rate to 71%.
Strategic moves: LSE delisting completed; the company joins the Russell 2000/3000 and will lose foreign-private-issuer status in 2026. Manufacturing footprint is being consolidated; a Curia supply contract ends January 2026 without material penalties.
Management outlook: Guidance implies gross margin in the low-to-mid-80% range, SG&A/R&D below 2024, and continued double-digit SUBLOCADE growth sufficient to offset mature-product erosion. Management does not expect material impact from new U.S. tax legislation.