# INCY · Incyte Corp Snapshot 2026-10-26 · CIK 0000879169 · Nasdaq · Services-Commercial Physical & Biological Research Price 115.71 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 23.45 B Machine-readable: https://theclaudetrader.com/s/INCY.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 57.0 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2014–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 23, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 5.14 revenue $B · threshold >= 1 · points 5.0/5 - 2a Current ratio: 4.59 · threshold >= 2.0 · points 15.0/15 - 2b Long-term debt vs working capital: 0.05 LTD / WC · threshold <= 1.0 · points 15.0/15 - 3 Positive earnings each of 10 years: 8 of 10 · threshold 10 of 10 · points 12.0/15 - 4 Dividends every year for 20 years: 0 of 20 · threshold 20 of 20 · points 0.0/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: 0.09 -> 3.07 (+3189%) · threshold >= +33% · points 10.0/10 - 6 P/E on 3-year average EPS: 37.7 · threshold <= 15 · points 0.0/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 3.70, product 139.3 · threshold <= 1.5 or <= 22.5 · points 0.0/10 Inputs: - Price (close, per traded unit): 115.71 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 5141242000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - liabilities: 1528220000.0 · 2026-06-30 · SEC XBRL Liabilities · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - current_liabilities: 1312096000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - current_assets: 6026572000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - current_liabilities: 1312096000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - equity: 6344427000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - Net income FY2016: 104222000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000155837019000682/ · unverified - Net income FY2017: -313142000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000155837020000774/ · unverified - Net income FY2018: 109493000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000155837021000825/ · unverified - Net income FY2019: 446906000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000155837022000902/ · unverified - Net income FY2020: -295697000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ · unverified - Net income FY2021: 948581000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916924000045/ · unverified - Net income FY2022: 340660000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000162828025004633/ · unverified - Net income FY2023: 597599000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Net income FY2024: 32615000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Net income FY2025: 1286650000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/INCY/history?filter=div · unverified - EPS diluted FY2014: -0.29 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/879169/000155837017000594/ · unverified - EPS diluted FY2015: 0.03 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/879169/000155837018000722/ · unverified - EPS diluted FY2016: 0.54 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/879169/000155837019000682/ · unverified - EPS diluted FY2023: 2.65 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - EPS diluted FY2024: 0.15 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - EPS diluted FY2025: 6.41 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Shares outstanding: 202697746.0 · 2026-07-21 · SEC cover page 10-Q 0000879169-26-000056 (202,697,746 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/incy-20260630.htm · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/R1.htm ### Magic Formula: — (insufficient data (debt unknown: no debt concept reported in the last 18 months)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula ### Momentum: 79.5 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: 39.6 % · threshold · points 41.8/50 - 6 month return: 21.2 % · threshold · points 16.0/20 - Price / 52-week high: 0.891 · threshold · points 13.4/15 - Volatility penalty (60d annualised): 26.7 % · threshold · points 8.3/15 Inputs: - Adjusted close series (14 months): 115.71 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold · points -0.0/0 Inputs: - excluded 2026-10-15 S: 10b5-1 plan · · rule · - excluded 2026-09-15 S: 10b5-1 plan · · rule · - excluded 2026-09-15 S: 10b5-1 plan · · rule · - excluded 2026-08-19 S: 10b5-1 plan · · rule · - excluded 2026-08-12 S: 10b5-1 plan · · rule · - excluded 2026-08-05 S: 10b5-1 plan · · rule · - excluded 2026-08-05 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · ### Buffett Quality: 37.8 (partial: 4) · complete: False · missing tests: 4 · current inputs as of 2026-07-21 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 46, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): 10.2% over 8 yrs · threshold >= 15% · points 8.0/25 - 2 Profitable every year: 8 of 10 · threshold all years · points 12.0/15 - 3 Net income growth, 3-yr average now vs start of window: base or latest average not positive · threshold >= +10% · points 0.0/10 - 4 Borrowings / 3-yr average earnings (years to repay): None · threshold <= 4 · points None/15 - 5 Operating margin, 5-yr average: 16.9% · threshold >= 20% · points 7.4/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.14 · threshold >= 1.0 · points 10.0/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 3.1% · threshold >= 7% · points 0.4/15 Inputs: - Price (close, per traded unit): 115.71 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2018: 109493000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000155837021000825/ · unverified - Equity at FY2018 end: 1925967000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/879169/000155837022000902/ · unverified - Net income FY2019: 446906000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000155837022000902/ · unverified - Equity at FY2019 end: 2598406000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ · unverified - Net income FY2020: -295697000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ · unverified - Equity at FY2020 end: 2611268000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/879169/000087916924000045/ · unverified - Net income FY2021: 948581000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916924000045/ · unverified - Equity at FY2021 end: 3770004000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/879169/000162828025004633/ · unverified - Net income FY2022: 340660000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000162828025004633/ · unverified - Equity at FY2022 end: 4370119000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Net income FY2023: 597599000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Equity at FY2023 end: 5189837000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Net income FY2024: 32615000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Equity at FY2024 end: 3447628000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - Net income FY2025: 1286650000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Equity at FY2025 end: 5167478000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - Net income FY2016: 104222000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000155837019000682/ · unverified - Net income FY2017: -313142000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000155837020000774/ · unverified - Net income FY2018: 109493000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000155837021000825/ · unverified - Net income FY2019: 446906000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000155837022000902/ · unverified - Net income FY2020: -295697000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ · unverified - Net income FY2021: 948581000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916924000045/ · unverified - Net income FY2022: 340660000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000162828025004633/ · unverified - Net income FY2023: 597599000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Net income FY2024: 32615000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Net income FY2025: 1286650000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Operating income FY2021: 585777000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000087916924000045/ · unverified - Revenue FY2021: 2986267000.0 · 2021-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ · unverified - Operating income FY2022: 579440000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000162828025004633/ · unverified - Revenue FY2022: 3394635000.0 · 2022-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ · unverified - Operating income FY2023: 620525000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Revenue FY2023: 3695649000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Operating income FY2024: 61366000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Revenue FY2024: 4241217000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Operating income FY2025: 1514859000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Revenue FY2025: 5141242000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Operating cash flow FY2021: 749488000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/879169/000087916924000045/ · unverified - Capital expenditure FY2021: 181006000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ · unverified - Operating cash flow FY2022: 969941000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/879169/000162828025004633/ · unverified ### Lynch GARP: 19.0 (partial: 4, 6) · complete: False · missing tests: 4, 6 · current inputs as of None · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 2, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): None · threshold <= 1.0 · points 0.0/30 - 2 EPS growth, 5-yr compound rate: None · threshold 12% to 35% a year · points 0.0/20 - 3 P/E on latest annual EPS: 18.1 · threshold <= 25 · points 10.0/10 - 4 Borrowings / equity: None · threshold <= 0.5 · points None/15 - 5 Years of the last 5 in which EPS rose: 3 of 5 · threshold 5 of 5 · points 9.0/15 - 6 Net cash (cash minus borrowings) / market cap: None · threshold >= +10% · points None/10 Inputs: - Price (close, per traded unit): 115.71 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: 6.41 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - EPS diluted FY2020: -1.36 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ · unverified ### Graham Enterprising: 40.0 (partial: 2) · complete: False · missing tests: 2 · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 11, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 4.59 · threshold >= 1.5 · points 15.0/15 - 2 Borrowings vs working capital: None · threshold <= 1.1x · points None/15 - 3 No earnings deficit in the last 5 years: 5 of 5 profitable · threshold 5 of 5 · points 15.0/15 - 4 Pays a current dividend: no · threshold yes · points 0.0/10 - 5 EPS higher than five years earlier: -1.36 -> 6.41 · threshold higher · points 10.0/10 - 6 Price / book value per share: 3.7 · threshold <= 1.2 · points 0.0/20 - 7 Price / net current asset value per share (current assets minus all liabilities): 5.21 · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 115.71 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 6026572000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - current_liabilities: 1312096000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - Net income FY2021: 948581000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916924000045/ · unverified - Net income FY2022: 340660000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000162828025004633/ · unverified - Net income FY2023: 597599000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Net income FY2024: 32615000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Net income FY2025: 1286650000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/INCY/history?filter=div - EPS diluted FY2025: 6.41 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - EPS diluted FY2020: -1.36 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ · unverified - equity: 6344427000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - Shares outstanding: 202697746.0 · 2026-07-21 · SEC cover page 10-Q 0000879169-26-000056 (202,697,746 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/incy-20260630.htm · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/R1.htm - liabilities: 1528220000.0 · 2026-06-30 · SEC XBRL Liabilities · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified ### Piotroski F-Score: 66.7 (partial: 5) · complete: False · missing tests: 5 · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 23, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: 18.5% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 2 Operating cash flow is positive: 1,413M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 3 Return on assets improved on the prior year: 0.6% -> 18.5% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): 1,413M vs 1,287M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 5 Long-term debt / assets fell: None · threshold pass = 1 · points None/11.11111111111111 - 6 Current ratio improved: 1.97 -> 3.32 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 7 No new shares issued (share count did not rise): 195M -> 203M · threshold pass = 1 · points 0.0/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 1.4% -> 29.5% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 0.78 -> 0.74 · threshold pass = 1 · points 0.0/11.11111111111111 Inputs: - net_income 2025-12-31: 1286650000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - total_assets 2025-12-31: 6957973000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - cfo 2025-12-31: 1413498000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - net_income 2025-12-31: 1286650000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - net_income 2024-12-31: 32615000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - total_assets 2025-12-31: 6957973000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - total_assets 2024-12-31: 5444322000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - cfo 2025-12-31: 1413498000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - net_income 2025-12-31: 1286650000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0000879169-26-000031) · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - current_assets 2025-12-31: 5023902000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - current_assets 2024-12-31: 3239030000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - current_liabilities 2025-12-31: 1515170000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - current_liabilities 2024-12-31: 1641847000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - shares_out 2026-07-21: 202697746.0 · 2026-07-21 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - shares_out 2025-07-22: 195276145.0 · 2025-07-22 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/879169/000087916925000103/ · unverified - operating_income 2025-12-31: 1514859000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - operating_income 2024-12-31: 61366000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - revenue 2025-12-31: 5141242000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - revenue 2024-12-31: 4241217000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - revenue 2025-12-31: 5141242000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - revenue 2024-12-31: 4241217000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified - total_assets 2025-12-31: 6957973000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/ · unverified - total_assets 2024-12-31: 5444322000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 115.71 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 202,697,746 underlying shares, period 2026-07-21, SEC cover page 10-Q 0000879169-26-000056 (202,697,746 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/incy-20260630.htm, accession 0000879169-26-000056 · https://www.sec.gov/Archives/edgar/data/879169/000087916926000056/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 23,454,156,190 USD; 115.71 (price 2026-10-23) / 1 x 202,697,746 (shares at 2026-07-21) = 23,454,156,190 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2013 (ended 2013-12-31): 354947000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837016003196/ - FY2014 (ended 2014-12-31): 511495000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837017000594/ - FY2015 (ended 2015-12-31): 753751000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837018000722/ - FY2016 (ended 2016-12-31): 1105719000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837019000682/ - FY2017 (ended 2017-12-31): 1536216000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837020000774/ - FY2018 (ended 2018-12-31): 1881883000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837021000825/ - FY2019 (ended 2019-12-31): 2158759000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837022000902/ - FY2020 (ended 2020-12-31): 2666702000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ - FY2021 (ended 2021-12-31): 2986267000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ - FY2022 (ended 2022-12-31): 3394635000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ - FY2023 (ended 2023-12-31): 3695649000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ - FY2024 (ended 2024-12-31): 4241217000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ - FY2025 (ended 2025-12-31): 5141242000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ ## Net income by fiscal year (SEC XBRL) - FY2016 (ended 2016-12-31): 104222000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837019000682/ - FY2017 (ended 2017-12-31): -313142000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837020000774/ - FY2018 (ended 2018-12-31): 109493000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837021000825/ - FY2019 (ended 2019-12-31): 446906000.0 · https://www.sec.gov/Archives/edgar/data/879169/000155837022000902/ - FY2020 (ended 2020-12-31): -295697000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916923000008/ - FY2021 (ended 2021-12-31): 948581000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916924000045/ - FY2022 (ended 2022-12-31): 340660000.0 · https://www.sec.gov/Archives/edgar/data/879169/000162828025004633/ - FY2023 (ended 2023-12-31): 597599000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ - FY2024 (ended 2024-12-31): 32615000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ - FY2025 (ended 2025-12-31): 1286650000.0 · https://www.sec.gov/Archives/edgar/data/879169/000087916926000010/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2013 (ended 2013-12-31): -0.56 [filed -0.56, split factor 1.0] - FY2014 (ended 2014-12-31): -0.29 [filed -0.29, split factor 1.0] - FY2015 (ended 2015-12-31): 0.03 [filed 0.03, split factor 1.0] - FY2016 (ended 2016-12-31): 0.54 [filed 0.54, split factor 1.0] - FY2017 (ended 2017-12-31): -1.53 [filed -1.53, split factor 1.0] - FY2018 (ended 2018-12-31): 0.51 [filed 0.51, split factor 1.0] - FY2019 (ended 2019-12-31): 2.05 [filed 2.05, split factor 1.0] - FY2020 (ended 2020-12-31): -1.36 [filed -1.36, split factor 1.0] - FY2021 (ended 2021-12-31): 4.27 [filed 4.27, split factor 1.0] - FY2022 (ended 2022-12-31): 1.52 [filed 1.52, split factor 1.0] - FY2023 (ended 2023-12-31): 2.65 [filed 2.65, split factor 1.0] - FY2024 (ended 2024-12-31): 0.15 [filed 0.15, split factor 1.0] - FY2025 (ended 2025-12-31): 6.41 [filed 6.41, split factor 1.0] ## Dividend years (Yahoo history) none ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-10-15 S CAGNONI PABLO J (Pres) 2642 @ 112.71 = 297780 · https://www.sec.gov/Archives/edgar/data/879169/000120570326000032/#live - 2026-09-15 S CAGNONI PABLO J (Pres) 13985 @ 120.49 = 1685053 · https://www.sec.gov/Archives/edgar/data/879169/000120570326000030/ - 2026-09-15 S CAGNONI PABLO J (Pres) 9233 @ 120.50 = 1112576 · https://www.sec.gov/Archives/edgar/data/879169/000120570326000030/ - 2026-08-19 S CAGNONI PABLO J (Pres) 10801 @ 125.56 = 1356174 · https://www.sec.gov/Archives/edgar/data/879169/000120570326000028/ - 2026-08-12 S CAGNONI PABLO J (Pres) 10803 @ 120.04 = 1296792 · https://www.sec.gov/Archives/edgar/data/879169/000120570326000027/ - 2026-08-05 S Mayes Patrick A (officer) 2207 @ 123.99 = 273646 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000015/ - 2026-08-05 S CAGNONI PABLO J (Pres) 10640 @ 122.69 = 1305422 · https://www.sec.gov/Archives/edgar/data/879169/000120570326000025/ - 2026-08-03 S Mayes Patrick A (officer) 6055 @ 120.43 = 729204 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 2293 @ 119.41 = 273807 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 326 @ 121.69 = 39671 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 85 @ 122.19 = 10386 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 1642 @ 119.38 = 196022 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 1643 @ 119.51 = 196355 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 2864 @ 119.40 = 341962 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 6171 @ 119.43 = 737003 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 2187 @ 119.47 = 261281 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 5332 @ 119.42 = 636747 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 14661 @ 119.46 = 1751403 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S Mayes Patrick A (officer) 4695 @ 119.39 = 560536 · https://www.sec.gov/Archives/edgar/data/879169/000207996226000013/ - 2026-07-31 S CAGNONI PABLO J (Pres) 15888 @ 119.70 = 1901794 · https://www.sec.gov/Archives/edgar/data/879169/000120570326000023/ - 2026-07-16 S Issa Mohamed Khairie (officer) 1093 @ 115.01 = 125706 · https://www.sec.gov/Archives/edgar/data/879169/000205003526000011/ - 2026-07-16 S Stein Steven H (officer) 1877 @ 114.73 = 215348 · https://www.sec.gov/Archives/edgar/data/879169/000167377626000019/ - 2026-07-15 S Stein Steven H (officer) 28237 @ 113.05 = 3192193 · https://www.sec.gov/Archives/edgar/data/879169/000167377626000017/ - 2026-06-04 S Tray Thomas (officer) 2639 @ 100.00 = 263900 · https://www.sec.gov/Archives/edgar/data/879169/000191231726000009/ - 2026-05-26 S Tray Thomas (officer) 2051 @ 97.35 = 199665 · https://www.sec.gov/Archives/edgar/data/879169/000191231726000007/ - 2026-05-19 S Clancy Paul J (director) 15000 @ 94.93 = 1423950 · https://www.sec.gov/Archives/edgar/data/879169/000140960126000006/ - 2026-04-17 S CAGNONI PABLO J (Pres) 18667 @ 96.50 = 1801366 · https://www.sec.gov/Archives/edgar/data/879169/000120570326000012/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0000879169 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000879169.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000879169&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000879169&type=8-K - yahoo: https://finance.yahoo.com/quote/INCY - stooq: https://stooq.com/q/d/?s=incy.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=INCY - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=INCY - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/incy/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/INCY - openinsider (link only, nothing stored): http://openinsider.com/search?q=INCY - google_news (link only, nothing stored): https://news.google.com/rss/search?q=INCY+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/INCY; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.