Incyte (INCY) Cost of Revenue (2010 - 2026)
Incyte (INCY) reported Cost of Revenue of $104.5 million for Q1 2026, up 42.81% on a YoY basis from $73.2 million in Q1 2025, and down 13.74% quarter-over-quarter from $121.2 million in Q4 2025.
Incyte (INCY) Cost of Revenue (2010 - 2026) Analysis & Trends
Incyte has reported Cost of Revenue for 17 years, with the latest figure at $104.5 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 42.81% year-over-year to $104.5 million; the trailing twelve-month figure through Mar 2026 stood at $403.5 million (up 24.41% YoY), and the FY2025 full-year result was $372.1 million, up 19.25% from the prior year.
- Cost of Revenue for Q1 2026 stood at $104.5 million, down from $121.2 million in the prior quarter.
- The five-year high for Cost of Revenue was $121.2 million in Q4 2025, with the low at $42.6 million in Q1 2022.
- Historically, Cost of Revenue has averaged $73.6 million across 5 years, with a median of $69.8 million in 2023.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 45.84% — and 2025, when it increased 2.78%.
- Incyte's Cost of Revenue stood at $59.2 million in 2022, then grew by 17.9% to $69.8 million in 2023, then gained by 26.86% to $88.5 million in 2024, then jumped by 36.94% to $121.2 million in 2025, then dropped by 13.74% to $104.5 million in 2026.
- The last three Cost of Revenue figures came in at $104.5 million (Q1 2026), $121.2 million (Q4 2025), and $99.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | - |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | - |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | 64.20 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | - |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | - |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 48,670.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 392.80 Mn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | 2.05 Mn |
| 10 | Incyte | 19.62 Bn | 15.60 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 |