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Incyte Corporation

NASDAQ•INCY
CEO: Mr. Herve Hoppenot
Sector: Healthcare
Industry: Biotechnology
Listing Date: 1993-11-04
Incyte Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutics for hematology/oncology, and inflammation and autoimmunity areas in the United States and internationally. The company offers JAKAFI (ruxolitinib) for treatment of intermediate or high-risk myelofibrosis, polycythemia vera, and steroid-refractory acute graft-versus-host disease; MONJUVI (tafasitamab-cxix)/MINJUVI (tafasitamab) for relapsed or refractory diffuse large B-cell lymphoma; PEMAZYRE (pemigatinib), a fibroblast growth factor receptor kinase inhibitor that act as oncogenic drivers in liquid and solid tumor types; ICLUSIG (ponatinib) to treat chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia; and ZYNYZ (retifanlimab-dlwr) to treat adults with metastatic or recurrent locally advanced Merkel cell carcinoma, as well as OPZELURA cream for treatment of atopic dermatitis. Its clinical stage products include retifanlimab under Phase 3 clinical trials for squamous cell carcinoma of the anal canal and non-small cell lung cancer; axatilimab, an anti-CSF-1R monoclonal antibody under Phase 2 that is being developed as a therapy for patients with chronic GVHD; INCA033989 to inhibit oncogenesis; INCB160058, which is being developed as a disease-modifying therapeutic; and INCB99280 and INCB99318 for the treatment solid tumors. The company also develops INCB123667, INCA32459, and INCA33890, as well as Ruxolitinib cream, Povorcitinib, and INCA034460. It has collaboration out-license agreements with Novartis and Lilly; in-license agreements with Agenus, Merus, MacroGenics, and Syndax; and collaboration and license agreement with China Medical System Holdings Limited for the development and commercialization of povorcitinib. The company sells its products to specialty, retail, and hospital pharmacies, distributors, and wholesalers. The company was formerly known as Incyte Genomics Inc and changed its name to Incyte Corporation in March 2003. Incyte Corporation was incorporated in 1991 and is headquartered in Wilmington, Delaware.
Contact Information
1801 Augustine Cut-Off, Wilmington, DE, 19803, United States
302-498-6700
www.incyte.com
Market Cap
$18.84B
P/E (TTM)
14.5
17.4
Dividend Yield
--
52W High
$112.29
52W Low
$53.56
52W Range
70%
Rank37Top 34.1%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.51B+0.00%
4-Quarter Trend

EPS

$1.52+0.00%
4-Quarter Trend

FCF

$521.42M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Growth Strong Total revenues reached $5.14B USD in 2025, marking a 21.2% increase from $4.24B USD in 2024.
Net Income Substantial Improvement Net income surged to $1.29B USD in 2025, a massive turnaround from $32.6M USD reported in 2024.
OPZELURA Sales Accelerate OPZELURA net product revenues grew 33.5% to $678.5M USD in 2025, driven by U.S. demand and international vitiligo uptake.
Cash Position Significantly Strengthened Cash, equivalents, and securities totaled $3.58B USD by year-end 2025, increasing $1.42B USD from the prior year.

Risk Factors

JAKAFI Patent Exclusivity Cliff Business materially harmed if JAKAFI revenues decline upon patent exclusivity expiration, anticipated in 2028.
Pricing and Reimbursement Pressures Government and payor initiatives may adversely affect product pricing, reimbursement levels, and overall profitability.
Regulatory Compliance Exposure Failure to comply with extensive laws risks fines, sanctions, product recalls, or interruption of production and operations.
R&D Success Highly Uncertain Discovery and development efforts are expensive, uncertain, and may not yield commercially successful drug candidates.

Outlook

JAKAFI XR Regulatory Decision Regulatory decision and potential commercial launch for once-daily JAKAFI XR anticipated in mid-2026 following successful bioequivalence study.
Advance MutCALR Inhibitor Trials Phase 3 trials for INCA033989 in ET anticipated mid-2026; MF Phase 3 initiation expected in second half of 2026.
Povorcitinib HS Approval Expected NDA submission for povorcitinib in HS accepted by FDA, with potential approval anticipated in early 2027.
New Oncology/Dermatology Launches Continued strong uptake expected for NIKTIMVO following Q1 2025 launch; ZYNYZ launch in SCAC occurred Q2 2025.

Peer Comparison

Revenue (TTM)

CNC stock ticker logoCNC
$194.78B
+19.4%
FMS stock ticker logoFMS
$22.15B
+1.5%
THC stock ticker logoTHC
$21.31B
+3.1%

Gross Margin (Latest Quarter)

RPRX stock ticker logoRPRX
100.0%
+0.0pp
EXEL stock ticker logoEXEL
95.6%
+0.1pp
GMAB stock ticker logoGMAB
92.3%
-0.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BIIB$27.95B21.67.3%23.6%
UTHR$23.87B18.119.3%0.0%
DGX$22.31B22.413.9%42.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
12.7%
Steady Growth
4Q Net Income CAGR
23.7%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 27, 2026
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