INCY Incyte
Q3 2025 10-Q
Filed: Oct 28, 2025Period ending Sep 30, 2025
Industrials
Services-Commercial Physical & Biological ResearchSEC EDGAR Incyte (INCY) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 28, 2025 for the fiscal period ending Sep 30, 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.
AI Filing AnalysisQ3 2025 10-Q
Management Discussion & Analysis
- • Revenue $1.37B Q3 2025, up 20% YoY from $1.14B in Q3 2024, driven by JAKAFI $791.1M (+$49.9M) and OPZELURA $188M (+$48.7M) growth
- • Net income $424.2M Q3 2025 vs $106.5M Q3 2024; Operating margin not explicitly stated but net income increased ~298% YoY
Risk Factors
- • New risk: Increased patient access challenges from PBM rebate negotiations, especially for OPZELURA, triggered by ongoing formulary coverage agreements
- • Material update: FDA added boxed warnings for JAKAFI and OPZELURA in Sept 2021 citing risks of cardiovascular events, thrombosis, mortality negatively impacting sales prospects
Quarterly Financial SummaryXBRL
Revenue
$1.4B
▲ +20.0% YoY▲ +12.4% QoQ
Net Income
$424M
▲ +298.4% YoY▲ +4.7% QoQ
Operating Margin
32.5%
▲ +1963bp YoY▼ -1116bp QoQ
Net Margin
31.1%
▲ +2170bp YoY▼ -227bp QoQ
ROE
9.1%
Total Assets
$6.3B
EPS (Diluted)
$2.11
▲ +379.5% YoY▲ +3.4% QoQ
Operating Cash Flow
$559M
▲ +79.9% YoY▲ +1150.3% QoQ
Source: XBRL data from Incyte Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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