Incyte revenue and financials
$112.73Change from previous close: −1.23%Absolute change: −$1.40
In the fiscal year ended December 2025, Incyte reported revenue of $5.14B (+21.22% year over year). Net income was $1.29B, a net margin of 25.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +21.22%
- 2025 vs 2024
- Net income growth
- +3,844.96%
- 2025 vs 2024
- Net margin
- 25.0%
- 2024: 0.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 508 | 369 | 543 | 559 | 44.7 | 266 | 381 | 311 | -576 | 219 | 148 | 148 |
| Depreciation and amortization | 26.5 | 23.8 | 24.0 | 24.0 | 22.9 | 22.4 | 22.7 | 22.5 | 22.0 | 21.9 | 25.3 | 21.4 |
| Capital expenditure | -12.4 | -10.2 | -21.9 | -14.7 | -19.1 | -3.2 | -17.4 | -5.2 | -54.1 | -9.5 | -2.3 | -11.0 |
| Investing cash flow | -51.8 | -88.2 | -37.4 | -47.4 | -18.9 | 1.1 | -21.5 | 38.3 | 214 | -73.1 | -155 | -17.2 |
| Financing cash flow | 65.5 | 84.8 | 138 | -12.8 | -11.2 | -12.7 | 20.4 | -32.4 | -1,997 | -12.4 | 0.3 | -37.3 |
| Share repurchases | -3.9 | -7.0 | -16.3 | -50.1 | -20.0 | -9.5 | -0.9 | -32.7 | -2,005 | -6.2 | -0.5 | -24.7 |
| Debt repaid | -1.2 | -1.2 | -1.2 | -1.1 | -1.2 | -1.1 | -1.0 | -1.0 | -0.9 | -0.9 | -0.8 | -0.9 |
| Effect of exchange rates | -0.1 | -2.7 | -0.8 | 0.8 | -1.2 | -0.6 | 3.5 | 0.1 | 0.0 | -0.7 | -7.3 | 2.7 |
| Net change in cash | 521 | 363 | 643 | 500 | 13.4 | 254 | 384 | 317 | -2,359 | 133 | -13.7 | 96.1 |
| Free cash flow | 495 | 359 | 521 | 545 | 25.7 | 263 | 364 | 306 | -630 | 209 | 145 | 137 |
| Levered free cash flow | 320 | 225 | 386 | 250 | -302 | 276 | 335 | 367 | -333 | 277 | 222 | 154 |