10-Q quarterly report · filed Jul 29, 2025

Incyte (INCY) Q2 2025 10-Q Quarterly Report

Short answer

Incyte (INCY) filed its Q2 2025 10-Q quarterly report on Jul 29, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $1.2B (up 16.5% year over year) with net income of $405M.

Q2 2025 key financials · XBRL

Revenue
$1.2B
+16.5% YoY · +15.4% QoQ
Net income
$405M
+191.1% YoY · +156.0% QoQ
Operating margin
43.6%
EPS (diluted)
$2.04
+202.5% YoY · +155.0% QoQ

Source: XBRL data from the Incyte (INCY) Q2 2025 10-Q on SEC EDGAR. USD.

Incyte Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $1,215.5M Q2 2025, up 16.4% YoY from $1,043.8M Q2 2024; 6-month revenue $2,268.4M up 17.9% YoY
  • Net income $405.0M Q2 2025 vs loss $444.6M Q2 2024; operating expenses R&D $494.9M Q2 2025 vs $1,138.4M Q2 2024
  • Best segment JAKAFI revenue $763.8M Q2 2025 up 8.2% YoY; worst performing PEMAZYRE revenue $22.2M up 9.3% YoY but smallest absolute growth
  • Cash $2.4B at June 30, 2025; operating cash flow $310.8M for 6 months 2025 vs -$356.8M for 6 months 2024 due to contract dispute and prior acquisition
  • Management expects future sales allowances to fluctuate; evaluating tax legislation impacts; believes cash and credit facility sufficient for foreseeable capital needs

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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