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Incyte INCY Product royalty revenues — 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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HRBRoyalty, product and other revenues — Total revenues
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RYTMProduct revenue, net — Total revenues
$60.11M+59.4%

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$24.28B+60.1%
Enterprise value$20.34B+53.5%
P/E15.1×-2.4×
P/S4.2×+0.9×

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 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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues:
Net sales$1,488,149$1,059,414$2,592,633$1,981,688
Product royalty revenues174,690151,115325,882281,739
Milestone and contract revenues11,2005,00028,2005,000
Total revenues1,674,0391,215,5292,946,7152,268,427
Costs, expenses and other:
Cost of sales (including definite-lived intangible amortization)104,95778,766209,480151,954
Contract dispute settlement(242,251)(242,251)

Item 1. Financial Statements

FAQ

What is Incyte's product royalty revenues — total revenues?
Incyte (INCY) reported product royalty revenues — total revenues of $174.69M in Q2 2026.
How has Incyte's product royalty revenues — total revenues changed year-over-year?
Incyte's product royalty revenues — total revenues increased by 15.6% year-over-year, from $151.12M to $174.69M.
What is the long-term trend for Incyte's product royalty revenues — total revenues?
Over 4 years (2021 to 2025), Incyte's product royalty revenues — total revenues has grown at a 2.8% compound annual growth rate (CAGR), from $569.26M to $636.91M.
What does product royalty revenues — total revenues mean?
This metric represents the total revenue generated from licensing intellectual property and drug development rights to third-party partners. It reflects the income stream derived from royalties on net sales of products developed by Incyte but commercialized by external pharmaceutical companies. This segment is a key indicator of the firm's ability to monetize its research and development pipeline through strategic partnerships.

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