10-K annual report · filed Feb 26, 2026

Indivior Pharmaceuticals, Inc. (INDV) FY2025 10-K Annual Report

Short answer

Indivior Pharmaceuticals, Inc. (INDV) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $1.2B (+4.3% year over year) and net income of $210M.

  • Top risk flagged: FDA-required 2022 label change on SUBOXONE Film due to dental injury risk triggering ongoing product liability lawsuits

FY2025 key financial metrics · XBRL

Revenue
$1.2B
+4.3% YoY
Net income
$210M
+10400.0% YoY
Operating margin
21.1%
+18.5 pp YoY
Gross margin
80.2%
−0.3 pp YoY
EPS (diluted)
$1.64
+8100.0% YoY
ROE
-214.3%
−213.7 pp YoY
Operating cash flow
−$27M
−175.0% YoY

Source: XBRL data from the Indivior Pharmaceuticals, Inc. (INDV) FY2025 10-K on SEC EDGAR. USD.

Indivior Pharmaceuticals, Inc. FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business model: specialty pharmaceuticals focused on addiction treatment and opioid dependence therapies
  • Emphasis on SUBLOCADE growth driving expected decline in U.S. revenue share from international markets this year
  • Increasing regulatory focus on data privacy and security with rising investments and risks related to AI integration and cyber threats
  • Foreign exchange risk heightened by 85% U.S. revenue concentration in 2025 and limited active currency hedging strategy
  • Noteworthy: AI-related risks and vendor use of generative AI highlighted as emerging compliance and security challenges

Management Discussion & Analysis

  • Revenue increased by $87M in 2025 vs $28M in 2024 from prior year performance obligations adjustments
  • No profitability or operating margin figures disclosed in the text
  • No forward-looking guidance or risk outlook mentioned in the provided section

Risk Factors

  • FDA-required 2022 label change on SUBOXONE Film due to dental injury risk triggering ongoing product liability lawsuits
  • Exposure to U.K. Financial Services and Markets Act 2000 claims over alleged misleading disclosure about SUBOXONE product-hopping scheme
  • Single or dual sourcing for most raw materials and APIs risks supply interruption with average 36-month technology transfer delay to new suppliers
  • 2023 entry of a competitor’s extended-release injectable buprenorphine challenges SUBLOCADE’s market share in once-monthly OUD treatment
  • Leveraged balance sheet and term loan covenants constraining financial flexibility amid potential revenue declines

Generated from the filing text; verify against the original. How to read a 10-K

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