Indivior (INDV) financial statements
Indivior reported revenue of $1.2B in fiscal 2025, up 11.9% a year over 4 years.
Net income was $210M and the operating margin 21.1%, against 26.9% in 2021.
Free cash flow was -$93M, and the company returned $11M in net buybacks.
The diluted share count fell 16% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Indivior's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $791M | $901M | $1.1B | $1.2B | $1.2B |
| Cost of revenue | $127M | $151M | $174M | $231M | $246M |
| Gross profit | $664M | $749M | $919M | $957M | $994M |
| Research and development | $52M | $74M | $116M | $107M | $97M |
| Selling, general and admin | $431M | $466M | $565M | $612M | $634M |
| Operating income | $213M | -$77M | -$152M | $38M | $262M |
| Interest expense | $27M | $27M | $35M | $41M | $45M |
| Pre-tax income | $190M | -$86M | -$145M | $20M | $239M |
| Income tax | -$15M | -$43M | -$19M | $13M | $29M |
| Net income | $205M | -$42M | -$126M | $7M | $210M |
| EPS (diluted) | $1.35 | -$0.30 | -$0.92 | $0.05 | $1.64 |
| Diluted shares | 152M | 139M | 137M | 133M | 128M |
| Gross margin | 83.9% | 83.1% | 84.1% | 80.6% | 80.2% |
| Operating margin | 26.9% | -8.5% | -13.9% | 3.2% | 21.1% |
| Net margin | 25.9% | -4.7% | -11.5% | 0.6% | 16.9% |
Balance sheet
Fiscal years, from Indivior's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.1B | $774M | $410M | $320M | $195M |
| Receivables | $202M | $220M | $254M | $254M | $253M |
| Inventory | $95M | $114M | $126M | $167M | $153M |
| Total current assets | $1.4B | $1.3B | $1.3B | $827M | $652M |
| Property, plant and equipment | $58M | $54M | $84M | $100M | $144M |
| Goodwill | — | — | $5M | $2M | $2M |
| Total assets | $1.8B | $1.8B | $1.8B | $1.3B | $1.2B |
| Total current liabilities | $804M | $1.0B | $1.3B | $924M | $914M |
| Long-term debt | $239M | $237M | $237M | $315M | $290M |
| Total liabilities | $1.6B | $1.7B | $1.9B | $1.7B | $1.3B |
| Shareholders' equity | $203M | -$15M | -$184M | -$337M | -$98M |
| Net debt | -$860M | -$774M | -$76M | $14M | $124M |
Cash flow
Fiscal years, from Indivior's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $353M | -$4M | -$300M | $36M | -$27M |
| Capital spending | $34M | $5M | $8M | $29M | $66M |
| Free cash flow | $319M | -$9M | -$308M | $7M | -$93M |
| Stock-based compensation | $11M | $16M | $21M | $24M | $26M |
| Share buybacks (net) | -$101M | -$90M | -$33M | -$173M | -$11M |
| Net borrowing | $14M | -$3M | -$12M | $92M | -$17M |
| Free cash flow margin | 40.3% | -1.0% | -28.2% | 0.6% | -7.5% |
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Open INDV in InvestinglyQuestions
What was Indivior's revenue in 2025?
$1.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Indivior generate?
-$93M in fiscal 2025 (operating cash flow minus capital spending).
From Indivior's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.