Indivior (INDV) Financials

$39.59 +0.61 (+1.56%)

Closing price 04:00 PM Eastern

Extended Trading

$39.05 -0.54 (-1.36%)

As of 06:03 PM Eastern

Annual Income Statements for Indivior

This table shows Indivior's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	205	-46	-126	7.00	210
Consolidated Net Income / (Loss)	205	-44	-126	7.00	210
Net Income / (Loss) Continuing Operations	205	-46	-126	7.00	210
Total Pre-Tax Income	190	-89	-145	20	239
Total Operating Income	213	-81	-152	38	262
Total Gross Profit	664	749	919	957	994
Total Revenue	791	901	1,093	1,188	1,239
Operating Revenue	791	901	1,093	1,188	1,239
Total Cost of Revenue	127	151	174	231	246
Operating Cost of Revenue	127	151	174	231	246
Total Operating Expenses	483	831	1,073	919	731
Selling, General & Admin Expense	431	469	565	612	634
Research & Development Expense	52	74	278	108	97
Other Special Charges / (Income)	-	288	230	199	0.00
Total Other Income / (Expense), net	-23	-8.00	8.00	-18	-23
Interest Expense	27	27	35	41	45
Interest & Investment Income	4.00	19	43	23	22
Income Tax Expense	-15	-44	-19	13	29
Basic Earnings per Share	-	($0.32)	($0.92)	$0.05	$1.68
Weighted Average Basic Shares Outstanding	-	139M	137M	132M	125M
Diluted Earnings per Share	-	($0.32)	($0.92)	$0.05	$1.64
Weighted Average Diluted Shares Outstanding	-	139M	137M	133M	128M
Weighted Average Basic & Diluted Shares Outstanding	-	-	136.53M	124.66M	125.07M

This table shows Indivior's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	62	-97	22	20	47	20	42	101	89
Consolidated Net Income / (Loss)	61	-97	22	21	47	18	42	103	89
Net Income / (Loss) Continuing Operations	62	-98	22	21	47	18	42	103	89
Total Pre-Tax Income	73	-121	30	38	59	62	37	81	115
Total Operating Income	75	-118	35	46	66	72	43	81	137
Total Gross Profit	246	220	241	250	221	250	230	293	277
Total Revenue	284	299	307	298	266	302	314	357	317
Operating Revenue	284	299	307	298	266	302	314	357	317
Total Cost of Revenue	38	79	66	48	44	52	83	67	40
Operating Cost of Revenue	38	79	66	48	44	52	83	67	40
Total Operating Expenses	171	338	205	205	155	179	187	210	140
Selling, General & Admin Expense	143	152	142	175	133	158	155	189	124
Research & Development Expense	28	26	23	31	22	21	33	21	16
Total Other Income / (Expense), net	-2.00	-3.00	-6.00	-7.00	-8.00	-9.00	-6.00	-	-22
Interest Expense	9.00	9.00	11	12	12	15	12	6.00	25
Interest & Investment Income	7.00	6.00	5.00	5.00	4.00	6.00	6.00	6.00	3.00
Income Tax Expense	11	-23	8.00	17	11	44	-5.00	-21	26
Basic Earnings per Share	$0.45	($0.72)	$0.16	$0.16	$0.38	$0.15	$0.34	$0.81	$0.71
Weighted Average Basic Shares Outstanding	136M	135M	132M	132M	124M	125M	125M	125M	124M
Diluted Earnings per Share	$0.45	($0.72)	$0.16	$0.16	$0.38	$0.14	$0.33	$0.79	$0.69
Weighted Average Diluted Shares Outstanding	137M	135M	133M	133M	125M	126M	129M	128M	129M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	124.66M	124.77M	124.77M	124.85M	125.07M	121.92M

This table details how cash moves in and out of Indivior's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	244	-327	-459	3.00	-124
Net Cash From Operating Activities	353	-4.00	-300	36	-27
Net Cash From Continuing Operating Activities	134	-4.00	-299	36	-27
Net Income / (Loss) Continuing Operations	0.00	-44	-126	7.00	210
Consolidated Net Income / (Loss)	-	-44	-126	7.00	210
Depreciation Expense	15	16	15	16	10
Amortization Expense	-	-	0.00	12	10
Non-Cash Adjustments To Reconcile Net Income	-20	11	173	40	-322
Changes in Operating Assets and Liabilities, net	139	13	-361	-39	65
Net Cash From Investing Activities	-14	-222	-95	69	-66
Net Cash From Continuing Investing Activities	-14	-222	-95	69	-67
Purchase of Property, Plant & Equipment	-34	-5.00	-8.00	-29	-66
Acquisitions	0.00	0.00	-174	-2.00	-1.00
Purchase of Investments	0.00	-245	-45	-17	-20
Sale and/or Maturity of Investments	0.00	27	129	117	20
Other Investing Activities, net	-	1.00	3.00	0.00	0.00
Net Cash From Financing Activities	-94	-101	-64	-102	-30
Net Cash From Continuing Financing Activities	-94	-101	-64	-102	-31
Repayment of Debt	-244	-3.00	-12	-242	-17
Repurchase of Common Equity	-101	-90	-33	-173	-11
Issuance of Debt	250	0.00	0.00	332	0.00
Issuance of Common Equity	1.00	2.00	3.00	3.00	2.00
Other Financing Activities, net	0.00	-10	-22	-22	-5.00

This table details how cash moves in and out of Indivior's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-68	53	-13	31	53	136	-61	-252	-20
Net Cash From Operating Activities	-37	88	2.00	-17	75	158	-39	-221	-9.00
Net Cash From Continuing Operating Activities	-37	87	2.00	-16	73	159	-37	-222	-10
Net Income / (Loss) Continuing Operations	61	-97	22	21	47	18	43	102	89
Consolidated Net Income / (Loss)	61	-97	22	21	47	18	43	102	89
Depreciation Expense	5.00	2.00	4.00	5.00	3.00	-	3.00	2.00	2.00
Amortization Expense	-	-	4.00	4.00	2.00	-	2.00	3.00	2.00
Non-Cash Adjustments To Reconcile Net Income	-479	165	351	3.00	6.00	7.00	29	-302	33
Changes in Operating Assets and Liabilities, net	376	13	-379	-49	15	129	-114	-27	-136
Net Cash From Investing Activities	25	1.00	35	8.00	-5.00	-17	-20	-24	-19
Net Cash From Continuing Investing Activities	24	2.00	34	9.00	-4.00	-19	-20	-24	-19
Purchase of Property, Plant & Equipment	-2.00	-4.00	-7.00	-16	-5.00	-17	-20	-24	-20
Purchase of Investments	-4.00	-5.00	-5.00	-3.00	-5.00	-6.00	-3.00	-6.00	-5.00
Sale and/or Maturity of Investments	31	11	46	29	6.00	5.00	3.00	6.00	6.00
Net Cash From Financing Activities	-56	-35	-51	40	-17	-5.00	-3.00	-5.00	7.00
Net Cash From Continuing Financing Activities	-56	-35	-51	40	-17	-4.00	-3.00	-7.00	7.00
Repayment of Debt	-2.00	-	-	-240	-4.00	-4.00	-4.00	-5.00	-335
Repurchase of Common Equity	-36	-35	-52	-50	-11	-	-	-	-126
Issuance of Debt	-	-	-	-	0.00	-	-	-	489
Issuance of Common Equity	2.00	-	1.00	-	1.00	-	1.00	-	0.00
Other Financing Activities, net	-20	-	-	-2.00	-3.00	-	-	-2.00	-21
Effect of Exchange Rate Changes	-	-	-	1.00	0.00	-	-	-	0.00

This table presents Indivior's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,832	1,769	1,760	1,316	1,201
Total Current Assets	1,444	1,259	1,266	827	652
Cash & Equivalents	1,102	774	316	319	195
Accounts Receivable	202	220	254	254	253
Inventories, net	95	114	135	167	153
Prepaid Expenses	-	-	52	31	34
Current Deferred & Refundable Income Taxes	13	5.00	0.00	33	2.00
Other Current Assets	32	146	415	21	16
Plant, Property, & Equipment, net	58	54	84	100	144
Total Noncurrent Assets	330	456	410	388	406
Long-Term Investments	0.00	98	41	27	28
Goodwill	-	-	13	6.00	2.00
Noncurrent Deferred & Refundable Income Taxes	105	219	288	277	323
Other Noncurrent Operating Assets	143	69	68	78	53
Total Liabilities & Shareholders' Equity	1,832	1,769	1,760	1,316	1,201
Total Liabilities	1,629	1,718	1,951	1,652	1,300
Total Current Liabilities	804	1,019	1,290	924	914
Short-Term Debt	3.00	3.00	3.00	18	29
Accounts Payable	720	617	204	216	250
Accrued Expenses	-	-	535	562	582
Current Deferred & Payable Income Tax Liabilities	7.00	9.00	8.00	7.00	2.00
Other Current Liabilities	74	390	541	120	52
Total Noncurrent Liabilities	825	699	661	730	385
Long-Term Debt	239	237	237	315	290
Asset Retirement Reserve & Litigation Obligation	-	-	359	365	52
Other Noncurrent Operating Liabilities	550	433	65	50	43
Commitments & Contingencies	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	203	51	-191	-337	-99
Total Preferred & Common Equity	203	51	-191	-337	-98
Total Common Equity	196	43	-192	-337	-99
Common Stock	70	68	156	152	174
Retained Earnings	1,438	1,303	-295	-443	-243
Accumulated Other Comprehensive Income / (Loss)	-	-	-30	-36	-30

This table presents Indivior's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,375	1,452	1,416	1,197
Total Current Assets	883	951	922	667
Cash & Equivalents	372	510	445	175
Accounts Receivable	243	240	259	273
Inventories, net	163	149	155	152
Prepaid Expenses	56	28	30	15
Current Deferred & Refundable Income Taxes	29	3.00	13	12
Other Current Assets	20	20	19	40
Plant, Property, & Equipment, net	104	117	124	157
Total Noncurrent Assets	389	383	372	373
Long-Term Investments	27	27	28	27
Goodwill	7.00	7.00	2.00	2.00
Noncurrent Deferred & Refundable Income Taxes	279	270	285	296
Other Noncurrent Operating Assets	76	79	57	48
Total Liabilities & Shareholders' Equity	1,375	1,452	1,416	1,197
Total Liabilities	1,660	1,709	1,623	1,341
Total Current Liabilities	1,005	1,056	965	779
Short-Term Debt	18	18	18	0.00
Accounts Payable	183	196	215	178
Accrued Expenses	675	709	613	551
Current Deferred & Payable Income Tax Liabilities	12	17	4.00	26
Other Current Liabilities	119	116	116	23
Total Noncurrent Liabilities	655	654	658	562
Long-Term Debt	311	308	304	486
Asset Retirement Reserve & Litigation Obligation	297	299	300	41
Other Noncurrent Operating Liabilities	47	47	54	35
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-285	-257	-207	-144
Total Preferred & Common Equity	-285	-257	-207	-144
Total Common Equity	-286	-258	-207	-144
Common Stock	155	163	171	165
Retained Earnings	-406	-388	-346	-280
Accumulated Other Comprehensive Income / (Loss)	-35	-33	-32	-29

This table displays calculated financial ratios and metrics derived from Indivior's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	13.91%	21.31%	8.69%	4.29%
EBITDA Growth	0.00%	-125.00%	-116.92%	143.26%	327.27%
EBIT Growth	0.00%	-133.06%	-92.59%	120.51%	589.47%
NOPAT Growth	0.00%	-124.67%	-92.59%	106.28%	1,630.90%
Net Income Growth	0.00%	-121.46%	-193.18%	101.55%	2,900.00%
EPS Growth	0.00%	0.00%	-193.75%	102.13%	3,180.00%
Operating Cash Flow Growth	0.00%	-101.13%	-7,400.00%	112.00%	-175.00%
Free Cash Flow Firm Growth	0.00%	0.00%	-105.41%	87.16%	-231.86%
Invested Capital Growth	0.00%	11.11%	26.99%	9.93%	99.72%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	5.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	14.17%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	18.55%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	58.33%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	70.73%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	67.35%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-115.25%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	99.72%
Profitability Metrics	-	-	-	-	-
Gross Margin	83.94%	83.13%	84.08%	80.56%	80.23%
EBITDA Margin	32.87%	-7.21%	-12.90%	5.13%	22.76%
Operating Margin	26.93%	-8.99%	-14.27%	2.69%	21.15%
EBIT Margin	30.97%	-8.99%	-14.27%	2.69%	21.15%
Profit (Net Income) Margin	25.92%	-4.88%	-11.80%	0.17%	16.95%
Tax Burden Percent	107.89%	49.44%	86.58%	14.29%	87.87%
Interest Burden Percent	77.55%	109.88%	95.51%	43.75%	91.22%
Effective Tax Rate	-7.89%	0.00%	0.00%	78.57%	12.13%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	100.99%	-34.65%	184.29%	-0.74%	-96.33%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	13.37%	-4.50%	-8.84%	2.08%	20.82%
Return on Assets (ROA)	11.19%	-2.44%	-7.31%	0.13%	16.69%
Return on Common Equity (ROCE)	97.50%	-32.60%	196.13%	-0.74%	-96.33%
Return on Equity Simple (ROE_SIMPLE)	100.99%	-86.27%	67.54%	-0.57%	0.00%
Net Operating Profit after Tax (NOPAT)	230	-57	-109	6.86	230
NOPAT Margin	29.05%	-6.29%	-9.99%	0.58%	18.58%
Net Nonoperating Expense Percent (NNEP)	-3.01%	1.78%	-4.86%	-4.28%	49.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-17.72%	-222.86%	-45.71%	104.64%
Cost of Revenue to Revenue	16.06%	16.76%	15.92%	19.44%	19.85%
SG&A Expenses to Revenue	54.49%	52.05%	52.06%	52.02%	51.17%
R&D to Revenue	6.57%	8.21%	25.43%	9.09%	7.83%
Operating Expenses to Revenue	61.06%	92.23%	98.54%	77.86%	59.00%
Earnings before Interest and Taxes (EBIT)	245	-81	-156	32	262
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	260	-65	-141	61	282
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	1.43	3.62
Price to Earnings (P/E)	0.00	0.00	0.00	565.67	21.33
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.18%	4.69%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	1.42	3.69
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	27.59	16.23
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	52.59	17.46
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	245.44	19.88
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	46.75	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	1.37	5.27	-1.26	-0.96	-3.22
Long-Term Debt to Equity	1.35	5.22	-1.24	-0.91	-2.93
Financial Leverage	-4.06	-5.62	5.82	0.42	-0.19
Leverage Ratio	9.02	14.18	-25.21	-5.71	-5.77
Compound Leverage Factor	7.00	15.58	-24.08	-2.50	-5.27
Debt to Total Capital	57.80%	84.06%	489.80%	-2,220.00%	145.00%
Short-Term Debt to Total Capital	0.62%	0.94%	6.12%	-120.00%	13.18%
Long-Term Debt to Total Capital	57.17%	83.13%	483.67%	-2,100.00%	131.82%
Preferred Equity to Total Capital	1.46%	2.50%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	40.75%	13.44%	-391.84%	2,320.00%	-45.00%
Debt to EBITDA	1.07	-4.14	-1.70	5.46	1.13
Net Debt to EBITDA	-3.17	9.28	1.50	-0.23	0.34
Long-Term Debt to EBITDA	1.06	-4.09	-1.68	5.16	1.03
Debt to NOPAT	1.21	-4.74	-2.20	48.56	1.39
Net Debt to NOPAT	-3.59	10.63	1.93	-2.04	0.42
Long-Term Debt to NOPAT	1.20	-4.69	-2.17	45.94	1.26
Altman Z-Score	0.00	0.00	0.00	1.02	3.27
Noncontrolling Interest Sharing Ratio	3.45%	5.91%	-6.43%	-0.19%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	1.80	1.24	0.98	0.89	0.71
Quick Ratio	1.62	0.98	0.51	0.61	0.49
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-126	-258	-33	-122
Operating Cash Flow to CapEx	2,521.43%	-80.00%	-3,750.00%	124.14%	-40.91%
Free Cash Flow to Firm to Interest Expense	0.00	-4.66	-7.38	-0.81	-2.71
Operating Cash Flow to Interest Expense	13.07	-0.15	-8.57	0.88	-0.60
Operating Cash Flow Less CapEx to Interest Expense	12.56	-0.33	-8.80	0.17	-2.07
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.43	0.50	0.62	0.77	0.98
Accounts Receivable Turnover	3.92	4.27	4.61	4.68	4.89
Inventory Turnover	1.34	1.45	1.40	1.48	1.54
Fixed Asset Turnover	13.64	16.09	15.84	12.91	10.16
Accounts Payable Turnover	0.18	0.23	0.42	1.06	1.06
Days Sales Outstanding (DSO)	93.21	85.48	79.14	78.04	74.68
Days Inventory Outstanding (DIO)	273.03	252.60	261.16	247.28	237.40
Days Payable Outstanding (DPO)	2,069.29	1,615.91	861.11	344.46	345.71
Cash Conversion Cycle (CCC)	-1,703.05	-1,277.83	-520.80	-19.14	-33.63
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	-621	-552	-403	-363	-1.00
Invested Capital Turnover	-1.27	-1.54	-2.29	-3.10	-7.00
Increase / (Decrease) in Invested Capital	0.00	69	149	40	352
Enterprise Value (EV)	0.00	0.00	0.00	1,683	4,576
Market Capitalization	0.00	0.00	0.00	1,697	4,480
Book Value per Share	$0.00	$0.31	($1.40)	($2.55)	($0.79)
Tangible Book Value per Share	$0.00	($0.19)	($1.50)	($2.59)	($0.81)
Total Capital	481	320	49	-15	220
Total Debt	278	269	240	333	319
Total Long-Term Debt	275	266	237	315	290
Net Debt	-824	-603	-211	-14	96
Capital Expenditures (CapEx)	14	5.00	8.00	29	66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-459	-531	-431	-402	-428
Debt-free Net Working Capital (DFNWC)	643	243	-21	-82	-233
Net Working Capital (NWC)	640	240	-24	-100	-262
Net Nonoperating Expense (NNE)	25	-13	20	4.86	20
Net Nonoperating Obligations (NNO)	-824	-603	-212	-15	98
Total Depreciation and Amortization (D&A)	15	16	15	29	20
Debt-free, Cash-free Net Working Capital to Revenue	-58.03%	-58.93%	-39.43%	-33.84%	-34.54%
Debt-free Net Working Capital to Revenue	81.29%	26.97%	-1.92%	-6.90%	-18.81%
Net Working Capital to Revenue	80.91%	26.64%	-2.20%	-8.42%	-21.15%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.02	$1.68
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	136.53M	132M	125M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.02	$1.64
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	136.53M	133M	128M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	136.53M	124.66M	125.07M
Normalized Net Operating Profit after Tax (NOPAT)	149	145	52	162	230
Normalized NOPAT Margin	18.85%	16.08%	4.74%	13.61%	18.58%
Pre Tax Income Margin	24.02%	-9.88%	-13.63%	1.18%	19.29%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	9.07	-3.00	-4.46	0.78	5.82
NOPAT to Interest Expense	8.51	-2.10	-3.12	0.17	5.12
EBIT Less CapEx to Interest Expense	8.56	-3.19	-4.69	0.07	4.36
NOPAT Less CapEx to Interest Expense	7.99	-2.29	-3.35	-0.54	3.65
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	49.27%	-204.55%	-25.58%	8,650.00%	5.24%

This table displays calculated financial ratios and metrics derived from Indivior's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	125,065,242.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	125,065,242.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.71
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	-6.34%	1.00%	2.28%	19.80%	19.17%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	-11.25%	162.07%	11.63%	56.36%	98.59%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	-12.00%	161.02%	22.86%	76.09%	107.58%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	-15.70%	125.31%	90.17%	301.24%	97.46%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	-22.95%	118.56%	90.91%	390.48%	89.36%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-15.56%	119.44%	106.25%	393.75%	81.58%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	302.70%	79.55%	-2,050.00%	-1,200.00%	-112.00%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-195.43%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	99.72%	139.61%
Revenue Q/Q Growth	0.00%	5.28%	2.68%	-2.93%	0.00%	13.53%	3.97%	13.69%	-11.20%
EBITDA Q/Q Growth	0.00%	-245.00%	137.07%	27.91%	0.00%	1.41%	-33.33%	79.17%	63.95%
EBIT Q/Q Growth	0.00%	-257.33%	129.66%	31.43%	0.00%	9.09%	-40.28%	88.37%	69.14%
NOPAT Q/Q Growth	0.00%	-229.67%	131.07%	-0.96%	0.00%	-61.07%	133.51%	108.97%	3.95%
Net Income Q/Q Growth	0.00%	-259.02%	122.68%	-4.55%	0.00%	-61.70%	133.33%	145.24%	-13.59%
EPS Q/Q Growth	0.00%	-260.00%	122.22%	0.00%	0.00%	-63.16%	135.71%	139.39%	-12.66%
Operating Cash Flow Q/Q Growth	0.00%	337.84%	-97.73%	-950.00%	0.00%	110.67%	-124.68%	-466.67%	95.93%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	20.07%	-17.30%	-161.45%	-56.39%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-32.30%	23.99%	99.72%	14,200.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	86.62%	73.58%	78.50%	83.89%	83.08%	82.78%	73.25%	82.07%	87.38%
EBITDA Margin	28.17%	-38.80%	14.01%	18.46%	26.69%	23.84%	15.29%	24.09%	44.48%
Operating Margin	26.41%	-39.46%	11.40%	15.44%	24.81%	23.84%	13.69%	22.69%	43.22%
EBIT Margin	26.41%	-39.46%	11.40%	15.44%	24.81%	23.84%	13.69%	22.69%	43.22%
Profit (Net Income) Margin	21.48%	-32.44%	7.17%	7.05%	17.67%	5.96%	13.38%	28.85%	28.08%
Tax Burden Percent	83.56%	80.17%	73.33%	55.26%	79.66%	29.03%	113.51%	127.16%	77.39%
Interest Burden Percent	97.33%	102.54%	85.71%	82.61%	89.39%	86.11%	86.05%	100.00%	83.94%
Effective Tax Rate	15.07%	0.00%	26.67%	44.74%	18.64%	70.97%	-13.51%	-25.93%	22.61%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	0.00%	0.00%	-2.65%	4.21%	-40.08%	-59.42%	-96.33%	-117.48%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-151.54%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	11.92%	21.11%	19.26%	11.41%	22.34%	43.35%
Return on Assets (ROA)	0.00%	0.00%	0.00%	5.44%	15.03%	4.82%	11.15%	28.40%	28.16%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	-2.66%	4.23%	-40.23%	-59.42%	-96.33%	-117.76%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	4.21%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	64	-83	26	25	54	21	49	102	106
NOPAT Margin	22.43%	-27.63%	8.36%	8.53%	20.19%	6.92%	15.54%	28.57%	33.45%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	-27.63%	-18.86%	-2.71%	-9.02%	-2.44%	15.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-635.53%	122.03%	30.29%	42.44%	46.36%	31.00%
Cost of Revenue to Revenue	13.38%	26.42%	21.50%	16.11%	16.54%	17.22%	26.43%	18.77%	12.62%
SG&A Expenses to Revenue	50.35%	50.84%	46.25%	58.72%	49.62%	52.32%	49.36%	52.94%	39.12%
R&D to Revenue	9.86%	8.70%	7.49%	10.40%	8.27%	6.95%	10.51%	5.88%	5.05%
Operating Expenses to Revenue	60.21%	113.04%	66.78%	68.79%	58.27%	59.27%	59.55%	58.82%	44.16%
Earnings before Interest and Taxes (EBIT)	75	-118	35	46	66	72	43	81	137
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	80	-116	43	55	71	72	48	86	141
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	1.43	1.02	1.57	2.55	3.62	3.20
Price to Earnings (P/E)	0.00	0.00	0.00	242.43	0.00	17.52	24.07	21.33	16.36
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.41%	0.00%	5.71%	4.16%	4.69%	6.11%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	31.26
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	1.42	0.95	1.39	2.42	3.69	3.42
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	25.50	21.48	6.78	11.57	16.23	12.52
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	44.29	48.56	7.64	12.93	17.46	13.24
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	126.54	69.38	13.32	19.65	19.88	15.56
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	46.75	7.55	7.47	16.14	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	-0.99	-1.15	-1.27	-1.56	-3.22	-3.38
Long-Term Debt to Equity	0.00	0.00	0.00	-0.93	-1.09	-1.20	-1.47	-2.93	-3.38
Financial Leverage	0.00	0.00	0.00	0.05	0.25	0.83	0.73	-0.19	-0.50
Leverage Ratio	0.00	0.00	0.00	-5.83	-4.82	-5.65	-6.84	-5.77	-6.00
Compound Leverage Factor	0.00	0.00	0.00	-4.81	-4.31	-4.87	-5.89	-5.77	-5.03
Debt to Total Capital	0.00%	0.00%	0.00%	-8,325.00%	747.73%	472.46%	280.00%	145.00%	142.11%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	-450.00%	40.91%	26.09%	15.65%	13.18%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	-7,875.00%	706.82%	446.38%	264.35%	131.82%	142.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	0.00%	8,425.00%	-650.00%	-373.91%	-180.00%	-45.00%	-42.11%
Debt to EBITDA	0.00	0.00	0.00	5.05	6.33	1.36	1.30	1.13	1.38
Net Debt to EBITDA	0.00	0.00	0.00	-0.21	-1.37	-0.88	-0.61	0.34	0.81
Long-Term Debt to EBITDA	0.00	0.00	0.00	4.77	5.98	1.28	1.23	1.03	1.38
Debt to NOPAT	0.00	0.00	0.00	25.04	20.43	2.67	2.21	1.39	1.72
Net Debt to NOPAT	0.00	0.00	0.00	-1.05	-4.41	-1.73	-1.04	0.42	1.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	23.68	19.32	2.52	2.09	1.26	1.72
Altman Z-Score	0.00	0.00	0.00	1.07	0.92	1.16	1.67	2.78	2.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	-0.19%	-0.35%	-0.39%	0.00%	0.00%	-0.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	0.90	0.88	0.90	0.96	0.71	0.86
Quick Ratio	0.00	0.00	0.00	0.62	0.61	0.71	0.73	0.49	0.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	0.00	410	492	407	-250	-391
Operating Cash Flow to CapEx	-1,850.00%	2,200.00%	28.57%	-106.25%	1,500.00%	929.41%	-195.00%	-920.83%	-45.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	34.14	32.79	33.90	-41.67	-15.64
Operating Cash Flow to Interest Expense	-4.11	9.78	0.18	-1.42	6.25	10.53	-3.25	-36.83	-0.36
Operating Cash Flow Less CapEx to Interest Expense	-4.33	9.33	-0.45	-2.75	5.83	9.40	-4.92	-40.83	-1.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.77	0.85	0.81	0.83	0.98	1.00
Accounts Receivable Turnover	0.00	0.00	0.00	4.68	4.81	4.89	4.56	4.89	5.00
Inventory Turnover	0.00	0.00	0.00	1.53	1.45	1.41	1.46	1.54	1.54
Fixed Asset Turnover	0.00	0.00	0.00	12.91	11.25	10.03	9.52	10.16	9.89
Accounts Payable Turnover	0.00	0.00	0.00	1.10	1.30	1.07	1.06	1.06	1.34
Days Sales Outstanding (DSO)	0.00	0.00	0.00	78.04	75.81	74.68	80.11	74.68	73.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	238.59	251.03	258.98	249.23	237.40	237.55
Days Payable Outstanding (DPO)	0.00	0.00	0.00	331.82	281.84	340.67	345.70	345.71	272.24
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	-15.19	45.01	-7.01	-16.36	-33.63	38.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	-353	-356	-471	-358	-1.00	141
Invested Capital Turnover	0.00	0.00	0.00	-3.37	-6.57	-4.98	-6.59	-7.00	-12.00
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	-356	-471	-358	352	497
Enterprise Value (EV)	0.00	0.00	0.00	1,683	1,117	1,628	2,857	4,576	4,407
Market Capitalization	2,924	2,201	1,331	1,697	1,188	1,839	3,008	4,480	4,123
Book Value per Share	$0.00	$0.00	$0.00	($2.47)	($2.29)	($2.07)	($1.66)	($0.79)	($1.15)
Tangible Book Value per Share	$0.00	$0.00	$0.00	($2.51)	($2.35)	($2.12)	($1.68)	($0.81)	($1.17)
Total Capital	0.00	0.00	0.00	-4.00	44	69	115	220	342
Total Debt	0.00	0.00	0.00	333	329	326	322	319	486
Total Long-Term Debt	0.00	0.00	0.00	315	311	308	304	290	486
Net Debt	0.00	0.00	0.00	-14	-71	-211	-151	96	284
Capital Expenditures (CapEx)	2.00	4.00	7.00	16	5.00	17	20	24	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	-399	-477	-597	-470	-428	-287
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	-79	-104	-87	-25	-233	-112
Net Working Capital (NWC)	0.00	0.00	0.00	-97	-122	-105	-43	-262	-112
Net Nonoperating Expense (NNE)	2.70	14	3.67	4.42	6.69	2.90	6.81	-1.00	17
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	-16	-71	-214	-151	98	285
Total Depreciation and Amortization (D&A)	5.00	2.00	8.00	9.00	5.00	0.00	5.00	5.00	4.00
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	-33.59%	-40.77%	-50.90%	-39.83%	-34.54%	-22.25%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	-6.65%	-8.89%	-7.42%	-2.12%	-18.81%	-8.68%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	-8.17%	-10.43%	-8.95%	-3.64%	-21.15%	-8.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.16	$0.38	$0.15	$0.34	$0.81	$0.71
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	132M	124M	125M	125M	125M	124M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.16	$0.38	$0.14	$0.33	$0.79	$0.69
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	133M	125M	126M	129M	128M	129M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	124.66M	124.77M	124.77M	124.85M	125.07M	121.92M
Normalized Net Operating Profit after Tax (NOPAT)	64	29	55	25	55	50	29	57	106
Normalized NOPAT Margin	22.43%	9.83%	17.92%	8.35%	20.49%	16.69%	9.36%	15.88%	33.45%
Pre Tax Income Margin	25.70%	-40.47%	9.77%	12.75%	22.18%	20.53%	11.78%	22.69%	36.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.33	-13.11	3.18	3.83	5.50	4.80	3.58	13.50	5.48
NOPAT to Interest Expense	7.08	-9.18	2.33	2.12	4.47	1.39	4.07	17.00	4.24
EBIT Less CapEx to Interest Expense	8.11	-13.56	2.55	2.50	5.08	3.67	1.92	9.50	4.68
NOPAT Less CapEx to Interest Expense	6.86	-9.62	1.70	0.79	4.06	0.26	2.40	13.00	3.44
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	2,471.43%	-1,233.33%	109.71%	49.59%	5.24%	50.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Indivior's 2025 quarterly results (Q1–Q4) with context from prior periods. The focus is on what could matter to retail investors over the last four years of data.

Revenue trend: 2025 shows a clear topline uptrend, rising from about 266 million in Q1 to 357 million in Q4 (Q2 302m, Q3 314m, Q4 357m).
Gross margin strength in Q4 2025: Total gross profit was 293 million on 357 million in revenue, about an 82% gross margin, up from Q3’s roughly 73% margin.
Q4 2025 profitability: Net income attributable to common shareholders was 101 million, with Basic EPS of 0.81 and Diluted EPS of 0.79, signaling strong quarterly profitability.
Solid early-2025 cash generation: Net cash from continuing operating activities was positive in Q1 2025 (about 73 million) and Q2 2025 (about 159 million), indicating cash-generation strength early in the year.
Debt and leverage: Long-term debt has been relatively flat, in the low-to-mid 300 million range (roughly 304–311 million across 2025), suggesting manageable leverage rather than accelerating debt load.
Balance-sheet composition: Total current liabilities remained high (around 965 million in Q3 2025) with sizable accrued expenses (about 613 million), underscoring ongoing working-capital needs.
Equity dynamics: Net equity metrics show negative book value across 2025 (example: Total Common Equity around -207 million to -258 million in Q2–Q3 2025), reflecting accumulated losses and weak shareholder equity.
Deteriorating cash flow in later 2025: Net cash from continuing operating activities turned negative in Q3 2025 (-37 million) and worsened in Q4 2025 (-222 million), suggesting cash-flow pressure despite the quarterly earnings strength.
Liquidity headwinds in Q3–Q4 2025: Net Change in Cash & Equivalents fell sharply (Q3 around -61 million; Q4 around -252 million), indicating reduced liquidity by year-end.
Non-cash and balance-sheet distortions in Q4 2025 cash flow: Non-Cash Adjustments To Reconcile Net Income were notably large (-302 million), which weighs on cash-flow quality and may obscure ongoing cash-generation trends.

05/05/26 04:57 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Indivior's Financials

When does Indivior's financial year end?

According to the most recent income statement we have on file, Indivior's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Indivior's net income changed over the last 4 years?

Indivior's net income appears to be on an upward trend, with a most recent value of $210 million in 2025, rising from $205 million in 2021. The previous period was $7 million in 2024. See where experts think Indivior is headed by visiting Indivior's forecast page.

What is Indivior's operating income?

Indivior's total operating income in 2025 was $262 million, based on the following breakdown:

Total Gross Profit: $994 million
Total Operating Expenses: $731 million

How has Indivior's revenue changed over the last 4 years?

Over the last 4 years, Indivior's total revenue changed from $791 million in 2021 to $1.24 billion in 2025, a change of 56.6%.

How much debt does Indivior have?

Indivior's total liabilities were at $1.30 billion at the end of 2025, a 21.3% decrease from 2024, and a 20.2% decrease since 2021.

How much cash does Indivior have?

In the past 4 years, Indivior's cash and equivalents has ranged from $195 million in 2025 to $1.10 billion in 2021, and is currently $195 million as of their latest financial filing in 2025.

How has Indivior's book value per share changed over the last 4 years?

Over the last 4 years, Indivior's book value per share changed from 0.00 in 2021 to -0.79 in 2025, a change of -79.3%.

Related Companies

Financial statements for NASDAQ:INDV last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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