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Incyte INCY Net sales — Total revenues

Other product segments

JAKAFI
$816.66M+6.9%
OPZELURA
$449.74M+173%
JAKAVI Royalty Revenues
$124.19M+13.2%
NIKTIMVO
$60.31M+66.8%
MINJUVI/MONJUVI
$53.69M+72.5%
ZYNYZ
$49.95M+460%
OLUMIANT Royalty Revenues
$38.48M+14.9%
ICLUSIG
$34.39M+5.1%
PEMAZYRE
$23.42M+5.5%
Milestone and contract revenues
$11.2M+124%
TABRECTA Royalty Revenues
$6.69M+0.9%
Other product royalty revenues
$5.33M+314%

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CRMDProduct sales, net — Total Revenue
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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$25.96B+73.3%
Enterprise value$22.01B+68.5%
P/E16.1×-1.1×
P/S4.5×+1.2×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Incyte’s 10-Q, filed July 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Incyte's net sales — total revenues?
Incyte (INCY) reported net sales — total revenues of $1.49B in Q2 2026.
How has Incyte's net sales — total revenues changed year-over-year?
Incyte's net sales — total revenues increased by 40.5% year-over-year, from $1.06B to $1.49B.
What is the long-term trend for Incyte's net sales — total revenues?
Over 4 years (2021 to 2025), Incyte's net sales — total revenues has grown at a 17.0% compound annual growth rate (CAGR), from $2.32B to $4.35B.
What does net sales — total revenues mean?
This metric represents the total gross revenue generated from the sale of pharmaceutical products after accounting for returns, allowances, and rebates. It serves as the primary indicator of market demand and commercial success for the company's portfolio of oncology and dermatology therapies. By isolating product-specific sales, it allows investors to evaluate the revenue contribution of key assets like Jakafi and other licensed treatments.