Incyte Corporation

Incyte Corporation

INCYยทNASDAQ

$97.98

+6.2%
HealthcareBiotechnology

Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States and internationally. The company offers JAKAFI, a drug for the treatment of myelofibrosis and polycythemia vera; PEMAZYRE, a fibroblast growth factor receptor kinase inhibitor that act as oncogenic drivers in various liquid and solid tumor types; and ICLUSIG, a kinase inhibitor to treat chronic myeloid leukemia and philadelphia-chromosome positive acute lymphoblastic leukemia. Its clinical stage products include ruxolitinib, a steroid-refractory chronic graft-versus-host-diseases (GVHD); itacitinib, which is in Phase II/III clinical trial to treat naive chronic GVHD; and pemigatinib for treating bladder cancer, cholangiocarcinoma, myeloproliferative syndrome, and tumor agnostic. In addition, the company engages in developing Parsaclisib, which is in Phase II clinical trial for follicular lymphoma, marginal zone lymphoma, and mantel cell lymphoma. Additionally, it develops Retifanlimab that is in Phase II clinical trials for MSI-high endometrial cancer, merkel cell carcinoma, and anal cancer, as well as in Phase II clinical trials for patients with non-small cell lung cancer. It has collaboration agreements with Novartis International Pharmaceutical Ltd.; Eli Lilly and Company; Agenus Inc.; Calithera Biosciences, Inc; MacroGenics, Inc.; Merus N.V.; Syros Pharmaceuticals, Inc.; Innovent Biologics, Inc.; Zai Lab Limited; Cellenkos, Inc.; and Nimble Therapeutics, as well as clinical collaborations with MorphoSys AG and Xencor, Inc. to investigate the combination of tafasitamab, plamotamab, and lenalidomide in patients with relapsed or refractory diffuse large B-cell lymphoma, and relapsed or refractory follicular lymphoma. The company was incorporated in 1991 and is headquartered in Wilmington, Delaware.

At a Glance

Live Snapshot
Market Cap$19.57B
EPS6.5900
P/E Ratio14.87
Earnings Date08/04/2026
3Y+46.0%
5Y-1234.0%
10Y+364.0%
3Y+31.0%
5Y-62.0%
10Y-56.0%
3Y-12825.0%
5Y+41.0%
10Y+72.0%
INCY

Incyte Corporation Cash Conversion Engine

INCY ยท NASDAQ
Net Income1.29B
Depreciation & Amortization93.29M
Stock-Based Compensation249.35M
Change in Working Capital-527.16M
Others63.69M
Capital Expenditures-58.87M
Free Cash Flow1.35B

Cash Flow Quality Analysis

FCF Conversion Rate

105.3%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

4.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+443.9%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$527.16M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Incyte Corporation Cash Flow Statement

INCY โ€ข NASDAQ

Incyte Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
1.3B
32.6M
597.6M
340.7M
948.6M
-295.7M
446.9M
109.5M
-313.1M
104.2M
6.5M
-48.5M
-83.1M
-44.3M
-186.5M
-31.8M
-211.9M
-178.9M
-86.9M
-74.2M
93.3M
89.2M
82.7M
67.9M
57.8M
51.8M
54.5M
55M
52.2M
58.4M
44.9M
41.4M
29.2M
30M
27M
24.5M
16.7M
13.1M
13M
7.4M
247.7M
-85.6M
-158.9M
57.1M
-465.6M
-350K
-377K
-459K
91.2M
3.3M
1.7M
-41.1M
-3K
-30.5M
186.7M
3.8M
41.4M
-15M
-17.4M
-15.2M
249.3M
266.1M
215.9M
188.4M
183M
177.9M
166.6M
148.2M
133.1M
96.2M
69.9M
62.2M
38.4M
38.5M
29M
14.9M
10M
15M
8.9M
8.9M
63.7M
-105.3M
7.9M
117.1M
40.2M
13.5M
-14.3M
70.6M
8M
17.9M
-1.6M
41.4M
29.2M
30M
-186.6M
-379K
2M
15.5M
9.7M
9.7M
(0.0)
(373.1M)
(378.2M)
(136.2M)
(67.7M)
(70.7M)
(33.6M)
(5.4M)
(6.3M)
(927K)
(62K)
(37K)
(140K)
(1K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-527.2M
138.2M
-248.7M
198.8M
-14.6M
-71.7M
57.3M
-46.5M
-64.2M
24.8M
-34.8M
-29.1M
-4.5M
-118.4M
-31.2M
87M
154.2M
9.5M
-19.9M
13M
1.4B
335.3M
496.5M
969.9M
749.5M
-124.6M
710.7M
336.2M
-93M
304.8M
86.5M
26.3M
9.2M
-94.8M
-161.7M
97.9M
12.4M
-140.9M
-92.7M
-50.4M
INVESTING ACTIVITIES
-58.9M
-86.3M
-47.5M
-77.8M
-181M
-187.4M
-78.1M
-73.5M
-111M
-120.3M
-26M
-27.9M
-4.3M
-2.8M
-3.8M
-4.1M
-387K
-698K
-1.2M
-1.6M
(0.0)
(0.0)
(47.5M)
(709K)
(181M)
(187.4M)
(78.1M)
(73.5M)
(111M)
-142.9M
(26M)
(27.9M)
(4.3M)
(2.8M)
(4.3M)
(4.3M)
-952K
-22K
(0.0)
(0.0)
-303.4M
-258.4M
-466M
-79.9M
-268.7M
-612.3M
-374.8M
-168.9M
-384.7M
-57.4M
-148M
-134.1M
-33.7M
-9K
-183K
-183K
(1.3M)
(703K)
-45M
-511.4M
284.6M
516.1M
305.8M
79.2M
242M
530.7M
365.4M
155.9M
145.7M
88M
69M
23.5M
583K
860K
1.3M
19.3M
16.8M
106.6M
216.5M
539M
-25M
-13.9M
-47.5M
-709K
-181M
-187.4M
-78.1M
-73.5M
-111M
30.6M
-26M
-27.9M
-4.3M
-2.8M
-4.1M
-4.1M
-387K
-681K
0.0
0.0
-102.6M
(157.5M)
-207.7M
-78.5M
-207.7M
-269M
-87.5M
-86.4M
-350M
-232.5M
-105M
-138.4M
-37.4M
-2M
-2.5M
(15.2M)
(16.5M)
(105.9M)
(170.4M)
(26M)
FINANCING ACTIVITIES
202.7M
-2B
35.8M
61.1M
58.6M
110.3M
63.3M
29.9M
649.4M
50M
86.4M
92.8M
73.2M
47.7M
19.5M
13.6M
134.4M
104.9M
2.3M
1.4M
-4.5M
-3.8M
-3.4M
-2.9M
-2.4M
-836K
-822K
0.0
0.0
-445K
-1.7M
0.0
217.2M
0.0
0.0
-158.6M
164.1M
0.0
10M
30.3M
-19.1M
-2B
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-97.1M
-13M
-52.5M
-59M
-50M
-37.8M
-16.8M
-15.3M
49.7M
9.1M
2.9M
478K
-14.8M
0.0
0.0
0.0
-56.2M
0.0
0.0
0.0
101M
-2B
-20M
-794K
6.2M
71.7M
45.7M
14.7M
690.2M
58.6M
87.6M
93.1M
275.6M
47.7M
19.5M
-145.1M
242.3M
104.9M
12.3M
31.7M
CASH FLOW SUMMARY
-1.7M
2.9M
-6.7M
3.4M
-3.6M
2.9M
-192K
91K
-39K
-9K
0.0
-6K
0.0
0.0
0.0
0.0
-7K
0.0
0.0
0.0
1.4B
-1.5B
262.1M
894M
544.4M
-318.9M
668.7M
264.6M
247.2M
130.9M
69.1M
-19.1M
247.4M
-49.1M
-144.7M
-31.9M
271.1M
69.9M
90M
7.4M
1.7B
3.2B
3B
2.1B
1.5B
1.8B
1.2B
900.4M
652.3M
521.4M
452.3M
471.4M
224.1M
273.2M
417.9M
449.8M
178.8M
108.9M
18.9M
11.5M
3.1B
1.7B
3.2B
3B
2.1B
1.5B
1.8B
1.2B
899.5M
652.3M
521.4M
452.3M
471.4M
224.1M
273.2M
417.9M
449.8M
178.8M
108.9M
18.9M
1.4B
249.1M
449M
892.1M
568.5M
-312M
632.6M
262.7M
-204M
184.5M
60.5M
-1.6M
4.9M
-97.7M
-165.5M
93.8M
12M
-141.6M
-93.8M
-51.9M

SEC Filings

INCY - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
DEF 14A

DEF 14A 2025

N/A

April 28, 2026
December 31, 2025
2025
10-Q

10-Q 2026 Q1

Q1

April 28, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 28, 2026
April 28, 2026
2026
8-K

8-K 2026

N/A

March 30, 2026
March 26, 2026
2026
8-K

8-K 2026

N/A

March 26, 2026
March 25, 2026
2026
8-K

8-K 2026

N/A

March 06, 2026
February 27, 2026
2026
10-K

10-K 2025 FY

FY

February 10, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 10, 2026
February 10, 2026
2026
8-K

8-K 2025

N/A

December 12, 2025
December 10, 2025
2025
10-Q

10-Q 2025 Q3

Q3

October 28, 2025
September 30, 2025
2025
Showing 1 to 10 of 446 filings