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INCY

Incyte

Health CareProfessional ServicesS&P 500
Ticker INCYWILMINGTON, DEFiscal year ends DecemberBook value per share $30.55Diluted shares 207.7M

Incyte Corporation (NASDAQ: INCY) is a global biopharmaceutical company engaged in the discovery, development, and commercialization of proprietary therapeutics. The company maintains research and commercial operations across multiple continents, with significant facilities in Wilmington, Delaware, Morges,… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$5.14BFY2025
+21.2% year over year
Last 12 mo $5.82B
29.46%FY2025
+28 percentage points
Last 12 mo 30.56%
$1.29BFY2025
+3845.0% year over year
Last 12 mo $1.61B
26.04%FY2025
+25.1 percentage points
Last 12 mo 25.41%
Cash & financing
$1.41BFY2025
+321.5% year over year
Last 12 mo $1.98B
$1.35BFY2025
+443.9% year over year
Last 12 mo $1.92B
0.01FY2025
Was 0.01× a year earlier
Last 12 mo 0.01
200.7MFY2025
−4.7% year over year
Last 12 mo 207.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Incyte does

In the company’s own words

Incyte Corporation (NASDAQ: INCY) is a global biopharmaceutical company engaged in the discovery, development, and commercialization of proprietary therapeutics. The company maintains research and commercial operations across multiple continents, with significant facilities in Wilmington, Delaware, Morges, Switzerland, Tokyo, Japan, and Montreal, Canada. Incyte's website is www.incyte.com.

The company operates across three primary therapeutic areas: Hematology, Oncology, and Inflammation and Autoimmunity. In Hematology, Incyte commercializes JAKAFI (ruxolitinib) for myelofibrosis, polycythemia vera, and graft-versus-host disease, along with ICLUSIG (ponatinib), MONJUVI/MINJUVI (tafasitamab), and NIKTIMVO (axatilimab). The Oncology franchise includes PEMAZYRE (pemigatinib) for cholangiocarcinoma and myeloid/lymphoid neoplasms, and ZYNYZ (retifanlimab) for Merkel cell carcinoma and squamous cell carcinoma of the anal canal. The Inflammation and Autoimmunity segment features OPZELURA (ruxolitinib) cream for atopic dermatitis and vitiligo.

Incyte's business model combines internal drug discovery with strategic collaborations and licensing arrangements. The company maintains exclusive development and commercialization rights to JAKAFI in the United States while licensing ruxolitinib internationally to Novartis under the brand name JAKAVI. Similarly, baricitinib is licensed to Eli Lilly for inflammatory and autoimmune indications, and capmatinib is licensed to Novartis for oncology applications. These arrangements generate milestone payments and royalty revenues.

The company's competitive advantages include proprietary expertise in medicinal chemistry, biologics, and targeted drug discovery, supported by comprehensive in-house capabilities spanning target validation, high-throughput screening, structural biology, and computational drug discovery. Incyte emphasizes a focused pipeline strategy, concentrating resources on selected programs in targeted oncology, myeloid diseases, and dermatology. The company collaborates with academic institutions, contract research organizations, and biotechnology partners to enhance its development capabilities while maintaining control over key therapeutic areas and markets where it believes it can successfully compete.

Company details
Sector
Health Care
Industry (SIC)
Professional Services
Headquarters
WILMINGTON, DE
Fiscal year end
December
CIK
879169
SIC
8731

Financial performance, year by year

Fiscal 2013–2025 · USD
$-926.41M$913.39M$2.75B$4.59B$6.43B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Incyte — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

779
funds hold it
0 of 35
superinvestors hold it
$7.68B
held by funds, at market
35.3%
of shares held by funds

Largest fund holders · Incyte’s weight in each

Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
0.76%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.23%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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