Skip to content
Screener

Incyte INCY Q2 2025 earnings

Reported July 29, 2025 · Before market open

Revenue$1.2BMiss by $41.3M
EPS$1.57Beat by $0.18
Revenue estimate$1.3B
EPS estimate$1.39

Next report

Oct 27, 2026 (in 2 months)
Revenue estimate$1.5B
EPS estimate-$2.83

Financials

Q2 2025

Income statement

See full
Revenue$1.2B+16.5%
Gross profit$1.1B+17.5%
Operating income$530.3M+211%
Net income$405.0M+191%
EPS (diluted)$2.04+200%

Balance sheet

See full
Cash & equivalents$2.0B+97.9%
Total debt$42.4M+12.9%
Total equity$4.2B+39.2%
Total assets$5.8B+24.9%

Cash flow

See full
Operating cash flow$44.7M+108%
CapEx$1.2M+177%
Free cash flow$43.6M+108%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$13.36B-1.8%
Enterprise value$11.44B-9.6%
P/E15.3×-125×
P/S2.9×-0.6×

Profitability

See full
Gross margin92.9%-0.2pp
Operating margin25.8%+25.4pp
Net margin19%+16.5pp
FCF margin21.7%+20.3pp

Returns & leverage

See full
Return on equity24.3%+21.8pp
Debt / equity0×0.0×
Current ratio2.8×+0.9×

Segments

By product

See full
JAKAFI$763.8M+8.2%
OPZELURA$164.5M+35.2%
JAKAVI Royalty Revenues$109.7M+10.5%
NIKTIMVO$36.2M—
OLUMIANT Royalty Revenues$33.5M—

By geography

See full
Europe$78.8M+47.1%
Other countries$4.4M+280%

By segment

See full
Reportable Segment$1.2B+16.5%

FAQ

When did Incyte report Q2 2025 earnings?
Incyte (INCY) reported Q2 2025 earnings on July 29, 2025 before market open.
What were Incyte's Q2 2025 revenue and EPS?
Incyte reported revenue of $1.2B and eps of $1.57 for Q2 2025.
Did Incyte beat estimates in Q2 2025?
Revenue missed the consensus estimate of $1.3B by $41.3M. EPS beat the consensus estimate of $1.39 by $0.18.
How did Incyte's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 16.5% from $1.0B a year earlier.
Where can I find Incyte's Q2 2025 SEC filings?
You can read the 8-K earnings release (0000879169-25-000100) and the 10-Q periodic report (0000879169-25-000103) directly on SEC EDGAR. The filing index links above go to sec.gov.