Incyte (INCY) Q1 2025 10-Q Quarterly Report

Filed: Apr 29, 2025Period ending Mar 31, 2025
Industrials
Services-Commercial Physical & Biological ResearchSEC EDGAR

Incyte (INCY) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on Apr 29, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Incyte Q1 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenues $1,052.9M, up 19.5% YoY from $880.9M; JAKAFI $709.4M (+24.1%), OPZELURA $118.7M (+38.6%)
  • Net income $158.2M, down 6.6% YoY from $169.5M; basic EPS $0.82 vs $0.76 YoY; operating margin affected by cost increases
  • Best segment: JAKAFI revenues $709.4M (+$137.6M), driven by 10% volume growth; worst: ICLUSIG declined slightly to $29.5M from $30.3M
  • Operating cash flow $266.1M, up from $218.8M YoY; cash, equivalents, securities $2.4B at quarter-end; minimal investing and stable financing outflows
  • Management cautious: ongoing litigation risk for OPZELURA rebates; expects sales allowances to fluctuate, impacts from inflation and government reimbursements

Incyte Q1 2025 Quarterly Financials
XBRL

Revenue

$1.1B

+19.5% YoY

Net Income

$158M

-6.7% YoY

Operating Margin

19.5%

+905bp YoY

Net Margin

15.0%

-422bp YoY

EPS (Diluted)

$0.80

+6.7% YoY

Operating Cash Flow

$266M

+21.6% YoY

Source: XBRL data from Incyte Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.

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