Genmab A/S (GMAB) Financial Statements & Analysis

Genmab A/S (GMAB) Income Statement

Genmab A/S reported revenue of DKK 3.72B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 82.7% from DKK 21.53B a year earlier. Net income was DKK 963.76M, down 87.7% year over year, a net margin of 25.9%. Gross margin was 91.7% and operating margin 33.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $1.16B, up 24.9% from the same quarter a year earlier.

Genmab A/S Income Statement Analysis

Values in billions DKK

Income Statement Balance Sheet Cash Flow Ratios

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Genmab A/S income statement - Annual data in billions DKK
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Jan 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	3.72	21.53	2.39	16.47	2.08	1.28	10.11	5.37	3.03	2.37
Cost of Revenue	0.31	0.99	0.03	0.23	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	3.41	20.54	2.36	16.25	2.09	1.28	10.11	5.37	3.03	2.37
Operating Expenses
Research & Development	1.56	9.75	1.11	7.63	0.80	0.64	3.14	2.39	1.43	0.87
Selling, General & Administrative	0.60	3.79	0.48	3.30	0.38	0.20	0.66	0.34	0.21	0.15
Operating Expenses	2.16	13.84	1.59	10.93	1.19	0.83	3.80	2.73	1.64	1.02
Operating Income	1.25	6.70	0.77	5.32	0.90	0.45	6.31	2.64	1.38	1.34
Other Income/Expense
Interest Income	0.14	1.00	0.30	0.94	0.46	0.03	0.18	0.12	0.06	0.04
Interest Expense	0.06	0.12	-0.01	0.03	-0.01	0.00	0.01	0.01	0.00	0.00
Other Income/Expense	-0.05	2.46	0.05	0.32	0.10	0.12	-0.41	0.22	0.23	-0.28
Income
Income Before Tax	1.20	9.16	0.82	5.64	1.00	0.60	5.90	2.86	1.61	1.06
Income Tax Expense	0.24	1.32	0.19	1.29	0.21	0.15	1.15	0.69	0.14	-0.04
Net Income	0.96	7.84	0.63	4.35	0.78	0.45	4.76	2.17	1.47	1.10
Net Income - Continuous Operations	0.96	7.84	-	4.35	0.78	0.45	4.76	2.17	1.47	1.10
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	1.34	9.70	0.80	5.95	0.94	0.64	6.16	3.01	1.70	1.49
EBIT	1.27	1.02	0.77	0.83	0.90	0.60	-	-	-	-
Depreciation & Amortization	0.07	0.41	0.03	0.24	0.04	0.04	0.25	0.14	0.09	0.07
Earnings Per Share
Basic EPS	2.00	12.00	10.00	7.00	12.00	1.00	7.00	3.00	2.00	2.00
Diluted EPS	2.00	12.00	1.00	7.00	1.00	1.00	7.00	3.00	2.00	2.00
Basic Shares Outstanding	0.62	0.65	0.07	0.66	0.07	0.66	0.65	0.63	0.61	0.61
Diluted Shares Outstanding	0.63	0.65	0.07	0.66	0.07	0.66	0.66	0.64	0.62	0.62

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Genmab A/S Financial Statements

What was Genmab A/S's revenue in fiscal 2025?

Genmab A/S reported revenue of DKK 3.72B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 82.7% from DKK 21.53B a year earlier.

Is Genmab A/S profitable?

Yes. Genmab A/S earned net income of DKK 963.76M in fiscal 2025, a net margin of 25.9%. In fiscal 2024 it earned DKK 7.84B.

What is Genmab A/S's operating margin?

Genmab A/S's operating income was DKK 1.25B on revenue of DKK 3.72B in fiscal 2025, an operating margin of 33.6%, compared with 31.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition