Stock research

Incyte Corporation (INCY) Stock Research

Incyte develops targeted therapies in oncology and inflammation, led by the drug Jakafi.

For the fiscal year ended December 31, 2025, Incyte Corporation reported revenue of $5.1B and net income of $1.3B, with operating cash flow of $1.4B. Source: Form 10-K filed February 10, 2026

SEC data as of

Revenue
$5.1B
FY ending 2025-12-31
Net income
$1.3B
FY ending 2025-12-31
Diluted EPS
$6.41
Net margin
25.0%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Incyte

Exchange
NASDAQ: INCY
Sector
Health Care
SEC industry
Services-Commercial Physical & Biological Research (SIC 8731)
Fiscal year end
December 31

INCY key financials

Reported figures from Incyte Corporation's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$5.1B2025-01-01 – 2025-12-31SEC filing
Net income$1.3B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$1.4B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$6.412025-01-01 – 2025-12-31SEC filing
Net margin25.0%2025-01-01 – 2025-12-31SEC filing
Shares outstanding199MAs of 2026-02-03SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in INCY

Incyte Corporation sits in Health Care. Pharmaceuticals, biotech, medical devices, and managed care — defensive demand paired with binary drug and regulatory catalysts. We have not yet written company-specific drivers for INCY; the forces that matter most for the sector are:

  • ◆Drug approvals and clinical-trial readouts
  • ◆Medicare and drug-pricing policy
  • ◆Demographics and an aging population
  • ◆GLP-1 and obesity-drug demand

Key questions for the INCY thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does INCY's reported profit turn into cash?

Operating cash flow was $1.4B, 1.10 times net income of $1.3B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 10, 2026

How much of INCY's revenue is left as profit?

Net income was 25.0% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 10, 2026

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Congressional trading in INCY

PoliticianTrade dateTypeOwnerAmountSource
Robert Bresnahan2025-05-15SaleSelf$1,001 - $15,000Filing #20030433

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

INCY — frequently asked questions

What does Incyte Corporation do?

Incyte develops targeted therapies in oncology and inflammation, led by the drug Jakafi.

What were INCY's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Incyte Corporation reported revenue of $5.1B and net income of $1.3B, with operating cash flow of $1.4B. The figures come from Incyte Corporation's SEC XBRL filings.

When does Incyte Corporation's fiscal year end?

The SEC lists Incyte Corporation's fiscal year end as December 31.

Do members of Congress trade INCY?

The current verified House and Senate snapshot contains 1 transaction row for INCY, each linked to the original filing.

Is INCY a good investment?

This page does not rate INCY as a buy or sell. It sets out what Incyte Corporation reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the INCY numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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