INCYTE CORP
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
INCY$120.30-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(unaudited, in thousands, except per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues: | ||||
| Net sales | $1,316,413 | $1,149,856 | $3,909,046 | $3,131,544 |
| Product royalty revenues | 190,991 | 171,124 | 516,873 | 452,863 |
| Milestone and contract revenues | 49,800 | 45,000 | 78,000 | 50,000 |
| Total revenues | 1,557,204 | 1,365,980 | 4,503,919 | 3,634,407 |
| Costs, expenses and other: | ||||
| Cost of sales (including definite-lived intangible amortization) | 108,744 | 99,001 | 318,224 | 250,955 |
| Contract dispute settlement | — | — | — | (242,251) |
| Research and development | 1,791,656 | 506,584 | 2,824,509 | 1,438,780 |
| Selling, general and administrative | 364,273 | 329,081 | 1,044,095 | 985,794 |
| Asset impairment and related disposal costs | — | — | 23,214 | — |
| Loss (gain) on change in fair value of acquisition-related contingent consideration | 892 | (12,204) | 3,223 | 22,129 |
| Total costs, expenses and other | 2,265,565 | 922,462 | 4,213,265 | 2,455,407 |
| (Loss) income from operations | (708,361) | 443,518 | 290,654 | 1,179,000 |
| Interest income | 32,174 | 26,781 | 103,979 | 74,846 |
| Interest expense | (605) | (592) | (1,756) | (1,846) |
| (Loss) gain on equity investments | (13,225) | 8,558 | 3,171 | 3,064 |
| Other, net | 1,169 | 4,043 | 10,218 | 19,446 |
| (Loss) income before provision for income taxes | (688,848) | 482,308 | 406,266 | 1,274,510 |
| Provision for income taxes | 95,955 | 58,139 | 302,134 | 287,139 |
| Net (loss) income | $(784,803) | $424,169 | $104,132 | $987,371 |
| Net (loss) income per share: | ||||
| Basic | $(3.86) | $2.17 | $0.52 | $5.08 |
| Diluted | $(3.86) | $2.11 | $0.50 | $4.95 |
| Shares used in computing net (loss) income per share: | ||||
| Basic | 203,246 | 195,670 | 200,989 | 194,459 |
| Diluted | 203,246 | 201,429 | 208,762 | 199,405 |
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