financial statements
The full income statement, balance sheet, and cash-flow statement for Incyte Corp. (INCY), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 5.14B YoY+21.2% | 4.24B YoY+14.8% | 3.70B YoY+8.9% | 3.39B YoY+13.7% | 2.99B YoY+12.0% | |
| Cost of revenue | 372M YoY+19.2% | 312M YoY+22.4% | 255M YoY+23.2% | 207M YoY+37.1% | 151M YoY+15.0% | |
| Research & development | 2.05B YoY-21.4% | 2.61B YoY+60.2% | 1.63B YoY+2.6% | 1.59B YoY+8.8% | 1.46B YoY-34.2% | |
| Selling, general & administrative | 1.38B YoY+10.8% | 1.24B YoY+7.5% | 1.16B YoY+15.3% | 1.00B YoY+35.5% | 740M YoY+43.1% | |
| Amortization of intangibles | 26.7M YoY+13.1% | 23.6M YoY+4.9% | 22.5M YoY+4.7% | 21.5M YoY+0.0% | 21.5M YoY+0.0% | |
| Operating income | 1.51B YoY+2368.6% | 61.4M YoY-90.1% | 621M YoY+7.1% | 579M YoY-1.1% | 586M YoY+322.2% | |
| Interest expense | 2.43M YoY+6.5% | 2.28M YoY-10.6% | 2.55M YoY-4.3% | 2.67M YoY+39.7% | 1.91M YoY-12.2% | |
| Interest & investment income | 106M YoY-18.0% | 129M YoY-18.8% | 158M YoY+291.6% | 40.5M | — | |
| Other non-operating income | 25.1M YoY+96.0% | 12.8M YoY-8.1% | 13.9M YoY+2784.8% | -519K YoY-104.9% | 10.6M YoY-54.1% | |
| Pre-tax income | 1.66B YoY+425.7% | 317M YoY-62.0% | 834M YoY+57.7% | 529M YoY-7.2% | 570M YoY+345.7% | |
| Income tax | 378M YoY+33.0% | 284M YoY+20.0% | 237M YoY+25.6% | 188M YoY+149.8% | -378M YoY-695.7% | |
1.29B YoY+3846.9% | 32.6M YoY-94.5% | 598M YoY+75.4% | 341M YoY-64.1% | 949M YoY+420.8% | ||
$6.41 YoY+4173.3% | $0.15 YoY-94.3% | $2.65 YoY+74.3% | $1.52 YoY-64.4% | $4.27 YoY+414.0% | ||
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
5.02B YoY+55.1% | 3.24B YoY-30.3% | 4.65B YoY+13.5% | 4.09B YoY+31.2% | 3.12B YoY+32.2% | ||
6.96B YoY+27.8% | 5.44B YoY-19.7% | 6.78B YoY+16.1% | 5.84B YoY+18.4% | 4.93B YoY+38.5% | ||
1.52B YoY-7.7% | 1.64B YoY+32.4% | 1.24B YoY+7.2% | 1.16B YoY+35.4% | 854M YoY+35.3% | ||
1.79B YoY-10.3% | 2.00B YoY+25.4% | 1.59B YoY+8.3% | 1.47B YoY+26.4% | 1.16B YoY+22.5% | ||
5.17B YoY+49.9% | 3.45B YoY-33.6% | 5.19B YoY+18.8% | 4.37B YoY+15.9% | 3.77B YoY+44.4% | ||
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
1.41B YoY+321.5% | 335M YoY-32.5% | 496M YoY-48.8% | 970M YoY+29.4% | 749M YoY+701.5% | ||
-103M YoY-165.1% | 158M YoY+175.8% | -208M YoY-164.4% | -78.5M YoY+62.2% | -208M YoY+22.8% | ||
101M YoY+105.0% | -2.02B YoY-9991.1% | -20.0M YoY-2423.0% | -794K YoY-112.9% | 6.18M YoY-91.4% | ||
| FX effect on cash | -1.71M YoY-158.5% | 2.92M YoY+143.8% | -6.68M YoY-299.0% | 3.35M YoY+194.0% | -3.57M YoY-221.1% | |
| Net change in cash | 1.41B YoY+192.4% | -1.53B YoY-682.1% | 262M YoY-70.7% | 894M YoY+64.2% | 544M YoY+270.7% | |
| Interest paid | — | — | — | — | 396K YoY+104.1% | |
| Income taxes paid | 212M YoY-43.1% | 373M YoY-1.3% | 378M YoY+177.6% | 136M YoY+101.2% | 67.7M YoY-4.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 19.4B YoY+45.7% | 13.3B YoY-5.4% | 14.1B YoY-21.3% | 17.9B YoY+10.2% | 16.2B YoY-14.9% | |
| P/E | 15.1× YoY-96.3% | 408.2× YoY+1132.9% | 33.1× YoY+62.3% | 20.4× YoY+19.3% | 17.1× | |
| P/S | 3.8× YoY+20.2% | 3.1× YoY-19.5% | 3.9× YoY-27.3% | 5.4× YoY-1.2% | 5.4× YoY-24.0% | |
| P/B | 3.8× YoY-2.8% | 3.9× YoY+35.3% | 2.9× YoY-32.5% | 4.2× YoY-1.7% | 4.3× YoY-41.0% | |
| P/FCF | 13.7× YoY-65.4% | 39.7× YoY+72.4% | 23.0× YoY-8.4% | 25.1× YoY-11.8% | 28.5× | |
| Earnings yield | 6.6% YoY+2608.5% | 0.2% YoY-91.9% | 3.0% YoY-38.4% | 4.9% YoY-16.2% | 5.9% | |
| FCF yield | 7.3% YoY+189.3% | 2.5% YoY-42.0% | 4.3% YoY+9.2% | 4.0% YoY+13.4% | 3.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: INCY's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all INCY filings on SEC EDGAR → Not investment advice.