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Incyte INCY Q1 2025 earnings

Reported April 29, 2025 · Before market open

Revenue estimate$1.2B
EPS estimate$1.01

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$1.4B
EPS estimate$1.97

Financials

Q1 2025

Income statement

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Revenue$1.1B+19.5%
Gross profit$979.7M+19.5%
Operating income$205.2M+123%
Net income$158.2M-6.7%
EPS (diluted)$0.80+6.7%

Balance sheet

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Cash & equivalents$1.9B-42.0%
Total debt$43.1M+15.3%
Total equity$3.7B-32.0%
Total assets$5.7B-19.4%

Cash flow

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Operating cash flow$266.1M+21.6%
CapEx$2.9M+655%
Free cash flow$263.2M+20.5%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$11.72B-8.4%
Enterprise value$9.82B+3.6%
P/E550.9×+534×
P/S2.7×-0.7×

Profitability

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Gross margin92.7%-0.5pp
Operating margin4%-14.3pp
Net margin0.5%-19.3pp
FCF margin8.6%-13.2pp

Returns & leverage

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Return on equity0.5%-14.7pp
Debt / equity0.0×
Current ratio-1.4×

Segments

By product

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JAKAFI$709.4M+24.1%
OPZELURA$118.7M+38.5%
JAKAVI Royalty Revenues$92.1M+2.8%
OLUMIANT Royalty Revenues$30.8M+0.7%
MINJUVI/MONJUVI$29.6M+23.8%

By geography

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Europe$68.6M+33.2%
Other countries$2.7M+127%

By segment

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Reportable Segment$1.1B+19.5%

Versus estimates

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Questions, answered.

When did Incyte report Q1 2025 earnings?
Incyte (INCY) reported Q1 2025 earnings on April 29, 2025 before market open.
What were Incyte's Q1 2025 revenue and EPS?
Incyte reported revenue of $1.1B and diluted EPS of $1.16 for Q1 2025.
Did Incyte beat estimates in Q1 2025?
Revenue missed the consensus estimate of $1.2B by $100.1M. EPS beat the consensus estimate of $1.01 by $0.15.
How did Incyte's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.5% from $880.9M a year earlier and diluted EPS grew 81.2% from $0.64.
Where can I find Incyte's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000879169-25-000056) directly on SEC EDGAR. The filing index links above go to sec.gov.