Incyte (INCY) Cost of Revenue (2012 - 2026)
Incyte (INCY) posted Cost of Revenue of $104.5 million for Q1 2026, down 13.74% on a QoQ basis from $121.2 million in Q4 2025, and up 42.81% year-over-year from $73.2 million in Q1 2025.
Incyte (INCY) Cost of Revenue (2012 - 2026) Analysis & Trends
Incyte's Cost of Revenue history runs 15 years deep, the most recent figure standing at $104.5 million for Q1 2026.
- Quarterly Cost of Revenue rose 42.81% year-over-year to $104.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $403.5 million (up 24.41% YoY) and the FY2025 annual result came in at $372.1 million, up 19.25% from the prior year.
- Cost of Revenue was $104.5 million for Q1 2026 at Incyte, down from $121.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $121.2 million in Q4 2025 and bottomed at $42.6 million in Q1 2022.
- A 5-year average of $73.6 million and a median of $69.8 million in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 45.84% — and 2025, when it advanced 2.78%.
- Incyte's Cost of Revenue stood at $59.2 million in 2022, then rose by 17.9% to $69.8 million in 2023, then climbed by 26.86% to $88.5 million in 2024, then soared by 36.94% to $121.2 million in 2025, then fell by 13.74% to $104.5 million in 2026.
- Business Quant data shows INCY's Cost of Revenue at $104.5 million in Q1 2026, $121.2 million in Q4 2025, and $99.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 66,621.14 Bn | 66,620.85 Bn | - | - |
| 2 | Nanobiotix | 1,915.18 Bn | 1,915.11 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | - |
| 4 | BeOne Medicines | 471.27 Bn | 466.48 Bn | 1.35 Bn | 167.22 Mn |
| 5 | Vertex Pharmaceuticals | 121.81 Bn | 114.57 Bn | 2.59 Bn | 392.80 Mn |
| 6 | Regeneron Pharmaceuticals | 69.58 Bn | 60.82 Bn | 3.31 Bn | 296.00 Mn |
| 7 | Belite Bio | 62.72 Bn | 62.72 Bn | - | - |
| 8 | Argenx Se | 55.51 Bn | 50.33 Bn | 1.41 Bn | 145.00 Mn |
| 9 | Revolution Medicines | 37.35 Bn | 37.35 Bn | - | - |
| 10 | Incyte | 23.64 Bn | 19.62 Bn | 1.17 Bn | 104.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 104.52 Mn |
| Mar 31, 2026 | 104.52 Mn |
| Dec 31, 2025 | 121.18 Mn |
| Dec 31, 2025 | 121.18 Mn |
| Sep 30, 2025 | 99.00 Mn |
| Sep 30, 2025 | 99.00 Mn |
| Jun 30, 2025 | 78.77 Mn |
| Jun 30, 2025 | 78.77 Mn |
| Mar 31, 2025 | 73.19 Mn |
| Mar 31, 2025 | 73.19 Mn |
| Dec 31, 2024 | 88.49 Mn |
| Dec 31, 2024 | 88.49 Mn |
| Sep 30, 2024 | 85.99 Mn |
| Sep 30, 2024 | 85.99 Mn |
| Jun 30, 2024 | 76.63 Mn |
| Jun 30, 2024 | 76.63 Mn |
| Mar 31, 2024 | 60.96 Mn |
| Mar 31, 2024 | 60.96 Mn |
| Dec 31, 2023 | 69.75 Mn |
| Dec 31, 2023 | 69.75 Mn |