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Incyte INCY Axatilimab - Development Activities — Accrued and other liabilities

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Other financials

Income statement

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Revenue$1.7B+37.7%
Gross profit$1.6B+38.0%
Operating income$697.9M+31.6%
Net income$585.6M+44.6%
EPS (diluted)$2.81+37.7%

Balance sheet

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Cash & equivalents$4.0B+104%
Total debt$38.3M-9.8%
Total equity$6.3B+52.1%
Total assets$7.9B+35.2%

Cash flow

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Operating cash flow$507.7M+1,035%
CapEx$1.6M-43.5%
Free cash flow$509.3M+1,069%

Valuation

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Market cap$24B+58.2%
Enterprise value$20.05B+51.3%
P/E14.9×-2.5×
P/S4.1×+0.8×

Profitability

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Gross margin92.6%-0.3pp
Operating margin30.6%+4.8pp
Net margin27.7%+8.7pp
FCF margin34%+12.3pp

Returns & leverage

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Return on equity30.7%+6.4pp
Debt / equity0.0×
Current ratio4.6×+1.7×

Where this comes from

Reported directly by Incyte in its filing.

Tagged under the XBRL concept us-gaap:AccruedLiabilitiesAndOtherLiabilities.

The source filing: Incyte’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000879169-26-000056

Research and development expenses for the three and six months ended June 30, 2026, includes $4.9 million and $10.3 million, respectively, related to our 55% share of the co-development costs for axatilimab. Research and development expenses for the three and six months ended June 30, 2025, includes $5.3 million and $10.0 million, respectively, related to our 55% share of the co-development costs for axatilimab. At June 30, 2026 and December 31, 2025, $1.4 million and $2.4 million, respectively, was included in accrued and other liabilities on the condensed consolidated balance sheet for amounts due to Syndax under the agreement.

Item 1. Financial Statements

FAQ

What is Incyte's axatilimab - development activities — accrued and other liabilities?
Incyte (INCY) reported axatilimab - development activities — accrued and other liabilities of $1.4M in Q2 2026.
What does axatilimab - development activities — accrued and other liabilities mean?
This metric represents the outstanding financial obligations and liabilities specifically attributed to the research and development activities of the Axatilimab program. It captures accrued expenses for clinical trials, manufacturing development, and regulatory filing costs that have been incurred but not yet settled in cash. Monitoring this balance provides insight into the near-term cash outflow requirements and the intensity of development efforts for this specific therapeutic asset.

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