Indivior Pharmaceuticals, Inc.
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
Open questions rather than a substance risk: the company earns real money — $210 million of net income in 2025, $89 million in the first quarter of 2026, a gross margin around 80 percent and the Department of Justice settlement paid in full — but 69 percent of revenue (73 percent in the first quarter of 2026) rides on a single depot injection, both pipeline candidates were dropped in that same quarter, and stockholders' equity stands at minus $144 million, so there is no asset cushion behind that one product. What answers the open part shows up in every quarterly report (10-Q): SUBLOCADE growth (most recently plus 32 percent), news of generic or branded challenges to the injection, and the Medicaid trajectory after the OBBBA act — if none of the three tips over, the machine stays intact. The rating says nothing about the entry price — that is what the metrics scanners answer. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Indivior is delivering the best version of itself: record profit, paid-off legal legacy, a core product with a medical advantage and category tailwind, plus buybacks and insider buying. At the same time, after the double pipeline failure in the first quarter of 2026, the company is economically a one-product house with three wholesalers as half its customer base, Washington as its most important payer and stockholders' equity below zero — all of its resilience lies in future SUBLOCADE cash flow. Whoever holds the stock holds a focused cash machine with concentration risk in every dimension. Not investment advice.
Core product & earnings turnaround
SUBLOCADE grew 13 percent to $856 million in 2025 and 32 percent in the first quarter of 2026; the company swung from a $126 million loss (2023) to $210 million in net income (2025) and $89 million in the quarter — at a gross margin around 80 percent (10-K 2025, 10-Q as of 03/31/2026).
Product concentration & pipeline
69 percent of 2025 revenue (Q1 2026: 73 percent) hangs on SUBLOCADE, and in the first quarter of 2026 both pipeline candidates were dropped: INDV-2000 missed its primary endpoint, INDV-6001 will not enter Phase 3 (10-Q, "Pipeline Updates"). The risk factors also flag generics and branded competition against SUBLOCADE and the film.
Customer & payer concentration
Three U.S. wholesalers accounted for 51 percent of 2025 revenue (the largest for 20 percent), and the 10-K names Medicaid cuts under the OBBBA budget act as a concrete risk to coverage of higher-cost OUD treatments — which is precisely the depot injection.
Balance sheet & capital policy
Legacy legal cases cleared (the $295 million DOJ prepayment in November 2025, no further obligation), the interest bill cut via a 0.625 percent convertible, a $400 million buyback running — but stockholders' equity stands at minus $144 million, cash fell to $175 million, and the note starts to dilute above $41.66 (10-Q as of 03/31/2026).
Valuation & technicals
A stage-2 uptrend, relative strength 90, 27 scanner hits and a 197 percent twelve-month gain meet a trailing P/E around 21 and about eleven times 2026 estimates (momentum run of July 17, 2026) — moderate for the growth, but with no asset cushion underneath, and with insider buying as a notable counterpoint (seven buys, zero sells).
Worth Noting
INDV reached the research list via the momentum run of July 17, 2026 with 27 scanner hits (including Stan Weinstein stage 2, RS leaders ≥90, Minervini trend criteria, power trend, net insider buying) — identity verified against SEC EDGAR: SEC title since January 2026 is "Indivior Pharmaceuticals, Inc." (formerly Indivior PLC), CIK 1625297.
Scanner metrics (P/E, P/S, Piotroski, Altman Z, fundamental grade) use trailing twelve-month figures; the DOJ prepayment (November 2025) depresses trailing operating cash flow, and the $18 million loss on debt extinguishment weighs on the first quarter of 2026.
Price and valuation figures are dated to the momentum run of July 17, 2026 (about $41 per share, about $4.7 billion market value); analyses are evergreen, daily prices are not a buy argument.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at INDV since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 22.50 $ to 41.80 $ · Last price: 35.70 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Drug Manufacturers - Specialty & Generic
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Indivior Pharmaceuticals, Inc. INDV | 4.0 | 18.8 | 9.9 | 85.7 | 46.1 | 4.3 | 55.4 |
| Takeda Pharmaceutical Co Ltd TAK | 60.9 | – | 23.2 | 64.5 | 16.5 | 4.3 | 28.2 |
| Teva Pharma Industries Ltd TEVA | 45.7 | 65.3 | 17.8 | 52.5 | 4.0 | 4.3 | 106.3 |
| Zoetis Inc ZTS | 30.8 | 12.2 | 9.5 | 71.7 | 36.6 | 2.3 | -49.5 |
| United Therapeutics Corporation UTHR | 21.1 | 18.0 | 11.0 | 86.1 | 41.7 | 10.6 | 23.2 |
| Viatris Inc VTRS | 19.4 | – | 11.9 | 40.3 | 6.8 | -3.0 | 84.4 |
| Neurocrine Biosciences Inc NBIX | 15.3 | 24.1 | 17.4 | 64.5 | 22.8 | 21.5 | 6.4 |
| Elanco Animal Health ELAN | 11.3 | – | 19.3 | 55.4 | 12.3 | 6.2 | 23.4 |
| Dr. Reddy’s Laboratories Ltd RDY | 10.1 | 28.9 | 14.2 | 50.2 | 4.3 | 8.6 | -19.9 |
| Median of companies shown | 19.4 | 21.4 | 14.2 | 64.5 | 16.5 | 4.3 | 23.4 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 969 | 338 | 32 | 0.22 | 407 | -295 | 1,209 |
| 2017 | 1,148 | 423 | 61 | 0.41 | 295 | -203 | 1,444 |
| 2018 | 960 | 317 | 263 | 1.75 | 303 | 66 | 1,547 |
| 2019 | 785 | 178 | 134 | 0.89 | 151 | 209 | 1,652 |
| 2020 | 647 | -156 | -148 | -1.01 | -193 | 82 | 1,531 |
| 2021 | 791 | 213 | 205 | 1.33 | 353 | 203 | 1,832 |
| 2022 | 901 | -81 | -44 | -0.32 | -4 | 51 | 1,779 |
| 2023 | 1,093 | -156 | -129 | -0.91 | -300 | -191 | 1,765 |
| 2024 | 1,188 | 32 | 2 | 0.02 | 36 | -348 | 1,319 |
| 2025 | 1,239 | 265 | 210 | 1.64 | -27 | -98 | 1,204 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.16 | – | 299 | 2.00 | 19.70 | -6 | -22 |
| 2025: Q1 | 0.38 | -13.60 | 266 | -6.30 | 17.70 | 75 | 70 |
| 2025: Q2 | 0.15 | – | 302 | 1.00 | 6.00 | 166 | 148 |
| 2025: Q3 | 0.33 | 987.10 | 314 | 2.30 | 13.40 | -39 | -59 |
| 2025: Q4 | 0.82 | 412.50 | 358 | 19.70 | 28.50 | -221 | -245 |
| 2026: Q1 | 0.69 | 81.60 | 317 | 19.20 | 28.10 | -9 | -29 |
| 2026: Q2 | 0.98 | 553.30 | 343 | 13.60 | 35.60 | 229 | 222 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 29 of our scanner strategies — each hit links to the scanner.
Growth
- Ben Bennett: Power Screen
- Dan Zanger: Leader
- EPS Acceleration
- Joshua
- Patrick Walker: 30% EPS Growth
- Patrick Walker: 40, 40 Screen
- Quality Growth
Quality & Balance Sheet
Breakout & Setup
- ATH
- Pradeep Bonde: $ Breakout Bullish
- Strong DCR (≥80)
- Tight & Near High
- Tight Weekly Range (WCR≥90)
Momentum & Trend
- 21-EMA Trend
- Above 21-EMA Pullback
- Above the 50- & 200-SMA
- Gary Antonacci: Dual Momentum (Stock Adaptation)
- Mark Minervini: Trend Criteria — 1 Month
- Mike Webster: Power Trend Leader
- Mike Webster: Swing Trading List
- Near 52-Week High
- Oliver Kell: Strength on Down Day
- Power Trend
- RS Leader (≥90)
- RS New Highs
- Stan Weinstein: Stage 2
Research
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 4.41 | 4.36 – 4.47 | 1,332 | 76.4% | 3 |
| 12/31/2027 | 4.88 | 4.74 – 5.02 | 1,400 | 10.8% | 3 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Geprüft am 17.07.2026: In den ausgewerteten SEC-Berichten von Indivior (CIK 1625297; SEC-Titel seit Januar 2026 „Indivior Pharmaceuticals, Inc.“, vorher Indivior PLC — Redomestizierung UK→US per Scheme of Arrangement, wirksam nach Börsenschluss am 23.01.2026, gegen EDGAR-formerNames verifiziert) findet sich kein wesentlicher KI-Bezug zum Geschäftsmodell. Ausgewertet wurden die letzten 4×10-Q und 2×10-K (die Firma berichtet erst seit März 2025 als US-Domestic-Filer; davor 20-F/6-K als Foreign Private Issuer). Befund: Der 10-K für 2025 enthält ausschließlich einen generischen Risikofaktor zu KI als Datenschutz-/Sicherheitsthema („Artificial intelligence presents risks and challenges that can impact our business including by posing security risks to our confidential information, proprietary information, and personal data“ — übersetzt: „Künstliche Intelligenz birgt Risiken und Herausforderungen, die unser Geschäft beeinträchtigen können, unter anderem durch Sicherheitsrisiken für unsere vertraulichen Informationen, unser geistiges Eigentum und personenbezogene Daten“) sowie den Hinweis, man könne generative KI-Werkzeuge für geprüfte Anwendungsfälle einführen und Anbieter könnten solche Werkzeuge unangekündigt einsetzen („We may adopt and integrate generative artificial intelligence tools into our systems for specific use cases reviewed by legal and information security“ — übersetzt: „Wir könnten generative KI-Werkzeuge für bestimmte, von Rechtsabteilung und Informationssicherheit geprüfte Anwendungsfälle in unsere Systeme integrieren“). Das ist Standard-Boilerplate ohne konkreten Bezug zum eigenen Geschäftsmodell (Pharmazeutika gegen Opioidabhängigkeit) — nach Kriterienkatalog weder „verkauft“ noch „nutzt“ (kein belegter operativer Einsatz, keine KI-Umsatzquelle) noch „bedroht“ (kein konkretes Geschäftsmodell-Risiko). Der 10-K für 2024 und die 10-Q zum 31.03.2025, 30.06.2025, 30.09.2025 und 31.03.2026 enthalten keinerlei belastbare KI-Treffer (nur Scheintreffer wie „HIV/AIDS“). Nach dem Kriterienkatalog bleibt es bei „neutral“.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-04-30 · 10-Q 2025-10-30 · 10-Q 2025-07-31 · 10-Q 2025-05-01 · 10-K 2026-02-26 · 10-K 2025-03-03
Rated on July 17, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 11.2%
- More than 10% revenue growth is expected for the coming year 2.3%
- Share count grows by less than 3% a year -2.7%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -3.3%
- Gross margin at 40% or higher and without meaningful erosion 80.2%
- Goodwill from acquisitions does not grow faster than revenue 0.2%
- Net debt below twice EBITDA 0.5 x EBITDA
- Operating cash flow covers the profits of the last three years -374 m
- Return on capital at 15% or higher, or up versus two years ago 91.4%
- Insiders hold at least 10% or are net buyers 4.8%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 2.8%
- Exp. sales growth 3Y > 5% 6.3%
- EBIT growth 10Y > 5% -2.7%
- Exp. EBIT growth 3Y > 5% 72.5%
- Net debt < 4x EBIT 0.6x
- EBIT positive, 10Y straight 7
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% –
- ROCE > 15% 91.4%
- Expected return > 10% 68.5%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Anderson Woodrow D | Chief Accounting Officer | Buy | 1,500 | 35.69 | 53,535 |
| Aug 5, 2026 | Anderson Woodrow D | Chief Accounting Officer | Buy | 1,500 | 36.28 | 54,420 |
| Jul 10, 2026 | Heidbreder Christian | Chief Scientific Officer | Sell | 18,586 | 41.14 | 764,628 |
The company
About the Company
Indivior Pharmaceuticals, Inc. befasst sich gemeinsam mit ihren Tochtergesellschaften mit Entwicklung, Herstellung und Verkauf von buprenorphinbasierten verschreibungspflichtigen Medikamenten zur Behandlung von Opioidabhängigkeit und damit verbundenen Störungen in den USA, Europa, Kanada, Australien und international.
- Employees
- 827
- Headquarters
- North Chesterfield, VA
- Address
- 10710 Midlothian Turnpike, 23235 North Chesterfield, United States
- Phone
- 804 379 1040
- Website
- indivior.com
- IPO Date
- 12/29/2014
- ISIN
- US45579U1097
- Stock Split
- 1:5 on 10/10/2022
Management
| Name | Title | Birth Year |
|---|---|---|
| Joseph J. Ciaffoni | CEO & Director | 1971 |
| Ryan Preblick | Chief Financial Officer | 1976 |
| Christian Heidbreder | Chief Scientific Officer | 1963 |
| Jeffrey W. Burris J.D. | Chief Legal Officer | 1972 |
| Patrick a. Barry | Chief Commercial Officer | 1968 |
| Jason Thompson | Vice President of Investor Relations | – |
| Kevin L. Espinoza | Chief Integrity & Compliance Officer | – |
| Angela Colon-Mahoney M.S. | Chief Human Resources Officer | 1976 |
| Vanessa Procter | Executive Vice President of Corporate Affairs | – |
| Ann Wheeler Pharm.D. | Chief Medical Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/17/2026 Indivior Pharmaceuticals, Inc. (INDV): Regulation FD Disclosure; Other Events; Financial Statements and Exhibits SEC ↗
- 09/15/2026 Indivior Pharmaceuticals, Inc. (INDV): Termination of a Material Definitive Agreement; Financial Statements and Exhibits SEC ↗
- 08/03/2026 Indivior Pharmaceuticals, Inc. (INDV): Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 08/03/2026 Indivior Pharmaceuticals, Inc. (INDV): Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 08/03/2026 Indivior Pharmaceuticals, Inc. (INDV): Entry into a Material Definitive Agreement; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.