Indivior Posts 13% 2025 SUBLOCADE Revenue Growth, Launches $400M Buyback
Indivior reported full-year 2025 SUBLOCADE net revenue of $856M (13% YoY) and Q4 net revenue of $252M (30% YoY), driving adjusted EBITDA of $428M for the year and $142M in Q4. The company authorized a new $400M share repurchase, entered Phase II of its Action Agenda, and reaffirmed full-year 2026 financial guidance.
1. Financial Highlights for 2025
In 2025, Indivior achieved full-year SUBLOCADE net revenue of $856 million, a 13% year-over-year increase, and generated $428 million in adjusted EBITDA. In Q4, the company posted $252 million in SUBLOCADE net revenue (up 30% YoY) alongside GAAP net income of $102 million.
2. Shareholder Return and Capital Deployment
Indivior authorized a $400 million share repurchase program over 18 months and plans to manage debt while evaluating business development opportunities. The program leverages projected 2026 operating cash flow of approximately $300 million to enhance shareholder value.
3. Strategic Action Agenda - Phase II
As of January 1, 2026, Indivior entered Phase II of its Action Agenda – Accelerate – targeting mid-teens SUBLOCADE dispense unit growth and faster adjusted EBITDA and cash flow expansion to fund strategic initiatives.
4. 2026 Financial Guidance
For full-year 2026, Indivior reaffirmed net revenue guidance of $1.125–$1.195 billion with SUBLOCADE net revenue of $905–$945 million, non-GAAP operating expenses capped at $450 million, and adjusted EBITDA expected between $535–$575 million.