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Incyte INCY Q3 2025 earnings

Reported October 28, 2025 · Before market open

Revenue estimate$1.4B
EPS estimate$1.66

Next report

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

Financials

Q3 2025

Income statement

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Revenue$1.4B+20.0%
Gross profit$1.3B+20.4%
Operating income$443.5M+204%
Net income$424.2M+298%
EPS (diluted)$2.11+291%

Balance sheet

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Cash & equivalents$2.5B+88.1%
Total debt$41.3M+13.0%
Total equity$4.7B+46.7%
Total assets$6.3B+26.3%

Cash flow

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Operating cash flow$559.4M+79.9%
CapEx$112.0K-95.9%
Free cash flow$559.3M+81.5%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$16.56B+14.8%
Enterprise value$14.15B+7.6%
P/E13.9×-430×
P/S3.4×-0.1×

Profitability

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Gross margin92.9%+0.1pp
Operating margin30.8%+29.6pp
Net margin24.7%+23.9pp
FCF margin25.9%+23.6pp

Returns & leverage

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Return on equity30.4%+29.6pp
Debt / equity0.0×
Current ratio3.2×+1.3×

Segments

By product

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JAKAFI$791.1M+6.7%
OPZELURA$188.0M+35.0%
JAKAVI Royalty Revenues$125.6M+8.6%
NIKTIMVO$45.8M
Milestone and contract revenues$45.0M

By geography

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Europe$100.3M+50.9%
Other countries$4.4M+223%

By segment

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Reportable Segment$1.4B+20.0%

Versus estimates

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Questions, answered.

When did Incyte report Q3 2025 earnings?
Incyte (INCY) reported Q3 2025 earnings on October 28, 2025 before market open.
What were Incyte's Q3 2025 revenue and EPS?
Incyte reported revenue of $1.4B and diluted EPS of $2.26 for Q3 2025.
Did Incyte beat estimates in Q3 2025?
Revenue beat the consensus estimate of $1.4B by $11.7M. EPS beat the consensus estimate of $1.66 by $0.60.
How did Incyte's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.0% from $1.1B a year earlier and diluted EPS grew 111.2% from $1.07.
Where can I find Incyte's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0000879169-25-000118) directly on SEC EDGAR. The filing index links above go to sec.gov.