Revenue
$1.27B
Fiscal year ended 2026-03-31Operating income
$301.12M
Fiscal year ended 2026-03-31Free cash flow
Unavailable
Fiscal year ended 2026-03-31INCYTE CORP (INCY) reported revenue of $1.27B and net income of $303.33M for the fiscal year ended 2026-03-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from INCYTE CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Commercial Physical & Biological Research.
Income
| Metric | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.27B | $1.51B | $1.37B | $1.22B | $1.05B | $1.18B | $1.14B | $1.04B | $880.89M | $1.01B |
| Cost of revenue | $104.52M | $121.18M | $99.00M | $78.77M | $73.19M | $88.48M | $85.99M | $76.63M | $60.96M | $69.75M |
| Gross profit | $1.17B | $1.39B | $1.27B | $1.14B | $979.71M | $1.09B | $1.05B | $967.12M | $819.93M | $943.59M |
| Operating income | $301.12M | $335.86M | $443.52M | $530.31M | $205.17M | $301.51M | $146.08M | -$478.13M | $91.90M | $187.27M |
| Net income | $303.33M | $299.28M | $424.17M | $405.00M | $158.20M | $201.21M | $106.46M | -$444.60M | $169.55M | $201.08M |
| Research & development | $515.90M | $611.37M | $506.58M | $494.92M | $437.28M | $466.03M | $573.17M | $1.14B | $429.26M | $444.49M |
| Weighted-average diluted shares | shares 206.83M | Unavailable | shares 201.43M | shares 198.74M | shares 198.20M | Unavailable | shares 195.84M | shares 218.18M | shares 227.22M | Unavailable |
| Pretax income | $343.60M | $389.94M | $482.31M | $558.01M | $234.19M | $313.72M | $156.52M | -$389.78M | $236.16M | $270.96M |
| Income tax expense | $40.27M | $90.66M | $58.14M | $153.01M | $75.99M | $112.51M | $50.07M | $54.82M | $66.61M | $69.88M |
| Diluted EPS | $1.47 | Unavailable | $2.11 | $2.04 | $0.80 | Unavailable | $0.54 | $-2.04 | $0.75 | Unavailable |
| Selling, general & administrative | $328.09M | $390.41M | $329.08M | $331.02M | $325.69M | $326.71M | $309.21M | $305.98M | $300.26M | $288.23M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.46B | $3.10B | $2.46B | $1.95B | $1.94B | $1.69B | $1.30B | $987.29M | $3.35B | $3.21B |
| Total assets | $7.34B | $6.96B | $6.33B | $5.82B | $5.75B | $5.44B | $5.01B | $4.66B | $7.14B | $6.78B |
| Current assets | $5.48B | $5.02B | $4.28B | $3.64B | $3.51B | $3.24B | $2.81B | $2.57B | $4.85B | $4.65B |
| Total liabilities | $1.72B | $1.79B | $1.68B | $1.65B | $2.08B | $2.00B | $1.84B | $1.66B | $1.74B | $1.59B |
| Current liabilities | $1.49B | $1.52B | $1.34B | $1.28B | $1.72B | $1.64B | $1.50B | $1.34B | $1.40B | $1.24B |
| Total equity incl. NCI | $5.62B | $5.17B | $4.65B | $4.17B | $3.67B | $3.45B | $3.17B | $3.00B | $5.39B | $5.19B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $115.62M | $101.06M | $83.45M | $83.42M | $63.98M | $58.87M | $70.44M | $100.70M | $63.64M | $62.97M |
| Accounts receivable | $1.05B | $1.02B | $895.89M | $842.89M | $823.13M | $853.15M | $758.45M | $739.05M | $745.53M | $743.56M |
| Goodwill | $133.00M | $133.00M | $155.59M | $155.59M | $155.59M | $155.59M | $155.59M | $155.59M | $155.59M | $155.59M |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | $228.62M | $209.94M | $171.92M | $241.09M | $195.54M | $197.46M | $178.71M | $148.17M | $164.24M | $109.60M |
Cash flow
| Metric | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $369.35M | $543.30M | $559.39M | $44.74M | $266.07M | $381.22M | $310.87M | -$575.56M | $218.81M | $147.73M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$88.20M | -$37.42M | -$47.42M | -$18.87M | $1.10M | -$21.46M | $38.27M | $213.82M | -$73.11M | -$154.50M |
| Financing cash flow | $84.82M | $137.74M | -$12.78M | -$11.25M | -$12.68M | $20.39M | -$32.35M | -$2.00B | -$12.41M | $346.00K |
| Net change in cash | $363.28M | $642.82M | $500.04M | $13.43M | $253.94M | $383.60M | $316.92M | -$2.36B | $132.61M | -$13.73M |
| Stock-based compensation | $64.13M | $62.16M | $61.60M | $64.61M | $60.98M | $71.72M | $77.92M | $56.64M | $59.78M | $59.99M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | $0 | $0 | Unavailable | Unavailable | $0 | $103.00K | Unavailable | Unavailable | $0 |
| Depreciation & amortization | $23.80M | $23.98M | $24.02M | $22.92M | $22.36M | $22.73M | $22.52M | $22.05M | $21.95M | $21.76M |
Derived
| Metric | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 91.8% | 92.0% | 92.8% | 93.5% | 93.0% | 92.5% | 92.4% | 92.7% | 93.1% | 93.1% |
| Operating margin | 23.7% | 22.3% | 32.5% | 43.6% | 19.5% | 25.6% | 12.8% | -45.8% | 10.4% | 18.5% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 5.0% | 4.1% | 4.5% | 5.3% | 5.8% | 6.1% | 6.8% | 5.4% | 6.8% | 5.9% |
| Current ratio | 3.68x | 3.32x | 3.20x | 2.85x | 2.04x | 1.97x | 1.87x | 1.92x | 3.47x | 3.75x |
| Revenue YoY growth | 20.9% | 27.8% | 20.0% | 16.5% | 19.5% | 16.3% | 23.8% | 9.3% | 8.9% | 9.3% |
| Net margin | 23.8% | 19.9% | 31.1% | Unavailable | 15.0% | 17.1% | 9.4% | Unavailable | Unavailable | 19.8% |
| R&D / revenue | 40.5% | 40.6% | 37.1% | 40.7% | 41.5% | 39.5% | 50.4% | 109.1% | 48.7% | 43.9% |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 11.7% | 23.3% | 12.1% | 27.4% | 32.4% | 35.9% | 32.0% | Unavailable | 28.2% | 25.8% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open INCY in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-04-28View SEC filing
10-K · Filed 2026-02-10View SEC filing
10-Q · Filed 2025-10-28View SEC filing
10-Q · Filed 2025-07-29View SEC filing
10-Q · Filed 2025-04-29View SEC filing
10-K · Filed 2025-02-10View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.