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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.14B | 9% |
| Gross Profit | 1.05B | 10.6% |
| Cost of Revenue | 86M | 7.5% |
| Operating expense | 882M | 38.2% |
| Net Income | 106M | 123.9% |
| EBITDA | 180M | 149% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.01B | 0% |
| Total Liabilities | 1.84B | 0% |
| Total Equity | 3.17B | 0% |
| Shares Outstanding | 193M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 130M | 0% |
| Cash from financing | -32M | 0% |
EPS
Financial Highlights for Incyte in Q3 '24
Incyte reported a revenue of 1.14B, which is a 9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.05B, marking a 10.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 86M, a -7.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 882M, showing a -38.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 106M, showing a 123.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 180M, showing a 149% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Incyte with growth in revenue, gross profit, and net income.
