v3.25.2
Segment, Geographic and Other Revenue Information - Schedule of Financial Data Provided to the CODM (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]                      
Net revenue $ 302       $ 299   $ 568 $ 583      
Cost of sales 52       79   96 117      
Gross profit 250       220   472 466      
Operating expenses:                      
Total selling, general and administrative 158   $ 175 $ 142 152 $ 143 290 295 $ 612 $ 565 $ 466
Research and development 21       26   43 54      
Litigation settlement 0       160   1 160      
Total operating expenses     205 206 338 171     919 1,072 827
Operating income (loss) 72   46 35 (118) 75 138 (43) 38 (152) (77)
Other (income) and expenses:                      
Interest (income) [1] (6)       (6)   (10) (13)      
Interest expense [1] 15       9   27 18      
Income (loss) before income taxes 62   38 30 (121) 73 121 (48) 20 (145) (86)
Income tax expense (benefit) 44 [1]   17 8 (23) [1] 11 56 [1] (12) [1] 13 (19) (43)
Net income (loss) 18 $ 47 $ 21 $ 22 (97) $ 61 65 (36) $ 7 $ (126) $ (42)
Depreciation and amortization             5 7      
Share-based compensation expense 8       6   14 12      
Reportable Segment                      
Segment Reporting Information [Line Items]                      
Net revenue 302       299   568 583      
Cost of sales 52       79   96 117      
Gross profit 250       220   472 466      
Operating expenses:                      
Selling and marketing 80       66   147 132      
General and administrative 78       86   142 163      
Total selling, general and administrative 158       152   290 295      
Research and development 21       26   43 54      
Litigation settlement 0       160   1 160      
Total operating expenses 178       338   334 509      
Operating income (loss) 72       (118)   138 (43)      
Other (income) and expenses:                      
Interest (income) (6)       (6)   (10) (13)      
Interest expense 15       9   27 18      
Income (loss) before income taxes 62       (121)   121 (48)      
Income tax expense (benefit) 44       (23)   56 (12)      
Net income (loss) 18       (97)   65 (36)      
Depreciation and amortization 3       4   5 7      
Share-based compensation expense 8       6   14 12      
Reportable Segment | SUBLOCADE                      
Segment Reporting Information [Line Items]                      
Net revenue 209       192   385 371      
Reportable Segment | US                      
Segment Reporting Information [Line Items]                      
Net revenue 256       255   478 496      
Reportable Segment | US | SUBLOCADE                      
Segment Reporting Information [Line Items]                      
Net revenue 195       179   359 346      
Reportable Segment | US | Sublingual & other                      
Segment Reporting Information [Line Items]                      
Net revenue 52       63   107 126      
Reportable Segment | US | PERSERIS                      
Segment Reporting Information [Line Items]                      
Net revenue 8       13   12 23      
Reportable Segment | Rest of World                      
Segment Reporting Information [Line Items]                      
Net revenue $ 46       $ 44   $ 90 $ 87      
[1]
1 Sign convention modified beginning in Q2 2025 (for all periods presented)