Genmab A/S
NASDAQ•GMAB
CEO: Dr. Jan G.J. van de Winkel Ph.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2009-06-01
Genmab A/S develops antibody therapeutics for the treatment of cancer and other diseases primarily in Denmark. The company markets DARZALEX, a human monoclonal antibody for the treatment of patients with multiple myeloma (MM); teprotumumab for the treatment of thyroid eye disease; and Amivantamab for advanced or metastatic gastric or esophageal cancer and NSCLC. Its products include daratumumab to treat MM, non-MM blood cancers, and AL amyloidosis; GEN1047; tisotumab vedotin for treating cervical, ovarian, and solid cancers; DuoBody-PD-L1x4-1BB, and DuoBody-CD40x4-1BB for treating solid tumors; Epcoritamab for relapsed/refractory diffuse large B-cell lymphoma and chronic lymphocytic leukemia; and HexaBody-CD38 and GEN3017 for treating hematological malignancies. In addition, the company develops Inclacumab, which is in Phase 3 trial for vaso-occlusive crises; Camidanlumab tesirine to treat hodgkin lymphoma and solid tumors; JNJ-64007957 and JNJ-64407564 to treat MM; PRV-015 for treating celiac disease; Mim8 for treating haemophilia A; and Lu AF82422 for treating multiple system atrophy disease. It operates various active pre-clinical programs. The company has a commercial license and collaboration agreement with Seagen Inc. to co-develop tisotumab vedotin. It also has a collaboration agreement with argenx to discover, develop, and commercialize novel therapeutic antibodies with applications in immunology and oncology; and AbbVie for the development of epcoritamab, as well as collaborations with BioNTech, Janssen, and Novo Nordisk A/S. Genmab A/S was founded in 1999 and is headquartered in Copenhagen, Denmark.
Contact Information
Market Cap
$16.34B
P/E (TTM)
4.2
18.1
Dividend Yield
--
52W High
$35.43
52W Low
$18.89
52W Range
Rank20Top 6.4%
6.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$1.05B+0.00%
4-Quarter Trend
EPS
$0.05+0.00%
4-Quarter Trend
FCF
$287.35M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
DARZALEX Royalty Dependence DARZALEX royalties comprised 66% of 2025 revenue; US patent expiration starts materially declining income stream in 2029.
Merus Acquisition Completed Acquisition finalized December 2025, adding Petosemtamab Phase III assets and Biclonics technology platforms for pipeline expansion.
Key Product Commercial Status EPKINLY launched US/Japan; Tivdak achieved full FDA approval; Genmab leads European commercialization efforts for Tivdak.
Risk Factors
Revenue Concentration Risk Substantial majority of revenue relies on DARZALEX royalties; patent expiry begins materially reducing income stream starting late 2020s.
Pipeline Development Uncertainty Proprietary candidates like Rina-S and Petosemtamab face high risk of failure during time-consuming, expensive clinical trials.
Collaboration Partner Reliance Business success heavily depends on J&J, AbbVie, and Pfizer executing development, regulatory, and commercial plans effectively.
Outlook
Advance Late-Stage Pipeline Strategy focuses on advancing commercial programs: Epcoritamab, Rina-S Phase III, and Petosemtamab Phase III trials completion.
Expand Commercial Footprint Continuing to build commercial capabilities, focusing initial expansion efforts in US, Japan, and expanding into the European Union.
Technology Platform Leverage Actively seek partners to utilize proprietary DuoBody, HexaBody, and newly acquired ADC platforms for new therapeutics.
Peer Comparison
Revenue (TTM)
$21.46B
$11.28B
$9.86B
Gross Margin (Latest Quarter)
100.0%
95.6%
92.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| BIIB | $27.94B | 20.3 | 7.5% | 22.3% |
| BNTX | $26.00B | -19.2 | -6.0% | 1.2% |
| UTHR | $25.04B | 19.0 | 19.3% | 0.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
13.8%
Steady Growth
4Q Net Income CAGR
-45.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 6, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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