Incyte Q1 revenue rises 20% to $1.05 billion and raises Jakafi 2025 guidance
Incyte reported first quarter 2025 total revenues of $1.05 billion, up 20% from a year earlier, and GAAP diluted EPS of $0.80 versus $0.75. The company raised its full-year 2025 Jakafi net product revenue guidance to $2.95 billion to $3.00 billion, while GAAP net income fell to $158.2 million from $169.5 million.
Key points
- Total revenues were $1,052.9 million in Q1 2025 versus $880.9 million in Q1 2024 (+20%); total net product revenues rose 26%.
- Jakafi net product revenues were $709.4 million in Q1 2025 (+24%); full-year 2025 Jakafi guidance raised to $2,950 million to $3,000 million from $2,925 million to $2,975 million.
- GAAP operating income was $205.2 million versus $91.9 million; GAAP net income was $158.2 million versus $169.5 million.
- Cash, cash equivalents and marketable securities were $2.4 billion as of March 31, 2025, up from $2.2 billion at December 31, 2024.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.