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Stocks / Foreign companies / GMAB · Pharmaceutical Preparations

Genmab A/S (GMAB)

Genmab A/S files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2025 it reported revenue of USD 3,720 million, up 19.2% on the year before. Its profit was USD 963 million, down 15.0%, and diluted earnings per share USD 15.37.

Earnings per share are per ordinary share, in US dollars. The share that trades in the US can be a depositary share standing for more or fewer ordinary shares, so no price ratio is worked out on this page.

The public record on GMAB

Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.18 by open interest on 26 September 2026; the straddle prices a 9.4% move to 16 October 2026
Holders8 of the followed funds hold it; largest Renaissance Technologies; 4 Schedule 13D or 13G filings in twelve months
Congress0 House trades disclosed in six months
Short interest4.9 million shares short, 3.17 days to cover at 15 September 2026

Profit and loss, 3 fiscal years

Year toDec 2025Dec 2024Dec 2023
Revenue3,7203,1212,390
Cost of sales23814333.0
Research and development1,6061,4141,107
Selling, general and administrative626549478
Operating profit1,065972772
Finance costs269291254
Profit before tax1,2041,326817
Income tax241193186
Profit for the year9631,133631
Profit attributable to shareholders9631,133631

USD million, from each year's annual report on the SEC's EDGAR, the year linked to its filing, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated. Profit attributable to shareholders is the profit for the year; the company reports no minority interests. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on.

Year toDec 2025Dec 2024Dec 2023
Diluted EPS15.3717.539.58
Basic EPS15.5017.669.67

USD per ordinary share, as filed.

Cash flow

Year toDec 2025Dec 2024Dec 2023
Cash from operations1,1861,1261,071
Purchase of property, plant and equipment37.027.053.0
Free cash flow1,1491,0991,018

USD million. Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines.

Balance sheet at year end

Year toDec 2025Dec 2024Dec 2023
Total assets12,8736,4145,232
Equity attributable to shareholders5,8475,1374,687
Cash and cash equivalents1,7151,3802,204
Borrowings, as filed5,2740.0n/a
Lease liabilities152144114
Trade and other receivables1,112923733
Inventories18.09.08.0
Goodwill3553550.0

USD million, at each fiscal year end. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2025Dec 2024Dec 2023
Operating margin28.6%31.1%32.3%
Net margin25.9%36.3%26.4%
Free cash flow margin30.9%35.2%42.6%
Return on year-end equity16.5%22.1%13.5%
Effective tax rate20.0%14.6%22.8%

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Annual reports on EDGAR

FormYear toFiled
20-F31 December 202517 February 2026EDGAR
20-F31 December 202412 February 2025EDGAR
20-F31 December 202314 February 2024EDGAR
20-F31 December 202222 February 2023EDGAR
20-F31 December 202116 February 2022EDGAR
20-F31 December 202029 March 2021EDGAR
20-F31 December 201930 March 2020EDGAR

The same record on your computer

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