Flagship explainer

How INCYTE CORPORATION makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$5.1B · 100%Cost of revenue$372M · 7%Gross profit$4.8B · 93%Operating income$1.5B · 29%Income before tax$1.7B · 32%Income tax$378M · 7%Net income$1.3B · 25%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$5.1B100%
Cost of revenue$372M7%
$4.8B93%
$1.5B29%
Income before tax$1.7B32%
Income tax$378M7%
$1.3B25%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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INCY income explainer — Buy Like Buffett · Buy Like Buffett