I don't find it too drying. But it's certainly not the most moisturizing lipstick if that is what you are specifically looking for. I do prefer this to a long wear matte liquid lipstick if I was to compare (not as drying)
I tend the have dry lips AND I live in Canada where we have long dry winters... This lip product is not too drying for me, even in the dead of winter. And like mentioned, you can certainly add a gloss or balm over it. And regular exfoliating is always good.
Personally, I LOVE this lipstick!