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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.67B | $1.27B | $1.51B | $1.37B | $1.22B | $1.05B | $1.18B | $1.14B |
| Cost of revenue | $104.96M | $104.52M | $121.18M | $99.00M | $78.77M | $73.19M | $88.49M | $85.99M |
| Gross profit | $1.57B | $1.17B | $1.39B | $1.27B | $1.14B | $979.71M | $1.09B | $1.05B |
| Gross margin | 93.7% | 91.8% | 92.0% | 92.8% | 93.5% | 93.0% | 92.5% | 92.4% |
| Research and development | $516.95M | $515.90M | $611.37M | $506.58M | $494.92M | $437.28M | $466.03M | $573.17M |
| Selling, general and administrative | $351.74M | $328.09M | $390.41M | $329.08M | $331.02M | $325.69M | $326.71M | $309.21M |
| Operating expenses | $871.18M | $867.04M | $1.05B | $823.46M | $606.45M | $774.54M | $788.70M | $905.79M |
| Operating income | $697.90M | $301.12M | $335.86M | $443.52M | $530.31M | $205.17M | $301.51M | $146.09M |
| Operating margin | 41.7% | 23.7% | 22.3% | 32.5% | 43.6% | 19.5% | 25.6% | 12.8% |
| EBITDA | $724.37M | $348.13M | $413.99M | $455.34M | $310.98M | $227.53M | $300.40M | $192.02M |
| Interest income | $38.12M | $33.69M | $30.75M | $26.78M | $25.14M | $22.93M | $21.20M | $19.27M |
| Interest expense | −$582.00K | −$569.00K | −$582.00K | −$592.00K | −$594.00K | −$660.00K | −$419.00K | −$774.00K |
| Income before taxes | $751.51M | $343.60M | $389.94M | $482.31M | $558.01M | $234.19M | $313.72M | $156.52M |
| Income taxes | $165.91M | $40.27M | $90.66M | $58.14M | $153.01M | $75.99M | $112.51M | $50.07M |
| Net income | $585.61M | $303.33M | $299.28M | $424.17M | $405.00M | $158.20M | $201.21M | $106.46M |
| Net margin | 35.0% | 23.8% | 19.9% | 31.1% | 33.3% | 15.0% | 17.1% | 9.4% |
| EPS, basic | $2.92 | $1.52 | $1.52 | $2.17 | $2.09 | $0.82 | $1.04 | $0.55 |
| EPS, diluted | $2.81 | $1.47 | $1.46 | $2.11 | $2.04 | $0.80 | $1.00 | $0.54 |
| Diluted shares | 208.22M | 206.83M | 204.43M | 201.43M | 198.74M | 198.20M | 200.89M | 195.84M |
Figures describe Incyte shares, not any token. As of Jul 28, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.