Indivior posts record Q3 earnings and announces November merger close with Supernus

Indivior reported third‑quarter 2026 revenue of $356 million, up 13% year over year, and a record net income of $137 million, or $1.12 per diluted share. Adjusted EBITDA rose 76% to $211 million, a 59% margin, driven by SUBLOCADE sales that generated $267 million in net revenue. The company confirmed that its all‑stock merger with Supernus is expected to close on November 2, after which the combined entity will trade as SUPN.

The strong earnings and high adjusted EBITDA margin suggest robust cash generation, which may support the upcoming merger and any related special dividend. The merger completion date sets a clear timeline for shareholders and could affect the combined company's valuation and share structure.

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