Genmab A/S (GMAB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 899.32M | 1.05B | 1.02B | 5.86B | 715M | 6.44B | 5.54B | 779M | 603M | 4.68B | 4.71B | 4.17B | 2.83B | 5.14B | 4.09B | 3.16B | 2.12B | 2.62B | 2.31B | 1.97B |
| Revenue Growth % | 25.78% | -83.62% | -81.55% | 652.47% | 18.57% | 37.69% | 17.57% | -81.31% | -78.72% | -8.94% | 15.29% | 31.85% | 33.74% | 96.14% | 76.93% | 60.34% | 34.03% | 28.13% | 33.99% | -63.82% |
| Cost of Goods Sold | 65.24M | 80.76M | 58M | 361.21M | 42M | 337M | 273M | 28M | 27M | 126M | 79M | 21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| COGS % of Revenue | 7.25% | 7.66% | 5.68% | 6.16% | 5.87% | 5.23% | 4.93% | 3.59% | 4.48% | 2.69% | 1.68% | 0.5% | - | - | - | - | - | - | - | - |
| Gross Profit | 834.08M | 974.05M | 964M | 5.5B | 673M | 6.1B | 5.27B | 751M | 576M | 4.55B | 4.63B | 4.15B | 2.83B | 5.14B | 4.09B | 3.16B | 2.12B | 2.62B | 2.31B | 1.97B |
| Gross Margin % | 92.75% | 92.34% | 94.32% | 93.84% | 94.13% | 94.77% | 95.07% | 96.41% | 95.52% | 97.31% | 98.32% | 99.5% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Gross Profit Growth % | 23.93% | -84.04% | -81.7% | 632.43% | 16.84% | 34.09% | 13.68% | -81.89% | -79.68% | -11.39% | 13.36% | 31.18% | 33.74% | 96.14% | 76.93% | 60.34% | 34.03% | 28.13% | 33.99% | -63.82% |
| Operating Expenses | 608.24M | 731.79M | 505M | 3.22B | 485M | 3.94B | 3.17B | 515M | 460M | 2.88B | 2.95B | 2.68B | 2.42B | 2.56B | 2.16B | 1.92B | 1.6B | 1.81B | 1.42B | 1.19B |
| OpEx % of Revenue | 67.63% | 69.38% | 49.41% | 54.92% | 67.83% | 61.23% | 57.13% | 66.11% | 76.29% | 61.61% | 62.56% | 64.28% | 85.29% | 49.87% | 52.75% | 60.56% | 75.74% | 69.11% | 61.47% | 60.09% |
| Selling, General & Admin | 166.61M | 207.37M | 148M | 912.53M | 126M | 1.25B | 865M | 129M | 125M | 934M | 860M | 0 | 0 | 0 | 0 | 633M | 452M | 512M | 306M | 264M |
| SG&A % of Revenue | 18.53% | 19.66% | 14.48% | 15.57% | 17.62% | 19.39% | 15.61% | 16.56% | 20.73% | 19.97% | 18.25% | - | - | - | - | 20.02% | 21.33% | 19.55% | 13.25% | 13.39% |
| Research & Development | 441.63M | 524.41M | 357M | 2.31B | 359M | 2.66B | 2.28B | 361M | 335M | 1.95B | 2.09B | 1.85B | 1.74B | 1.64B | 1.49B | 1.28B | 1.15B | 1.3B | 1.11B | 921M |
| R&D % of Revenue | 49.11% | 49.72% | 34.93% | 39.35% | 50.21% | 41.36% | 41.21% | 46.34% | 55.56% | 41.64% | 44.31% | 44.45% | 61.43% | 31.94% | 36.36% | 40.54% | 54.41% | 49.56% | 48.23% | 46.7% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 225.83M | 242.27M | 459M | 2.28B | 188M | 2.16B | 2.1B | 236M | 116M | 1.67B | 1.69B | 1.47B | 417M | 2.58B | 1.93B | 1.25B | 514M | 809M | 890M | 787M |
| Operating Margin % | 25.11% | 22.97% | 44.91% | 38.92% | 26.29% | 33.54% | 37.94% | 30.3% | 19.24% | 35.7% | 35.76% | 35.21% | 14.71% | 50.13% | 47.25% | 39.44% | 24.26% | 30.89% | 38.53% | 39.91% |
| Operating Income Growth % | 20.12% | -88.78% | -78.16% | 866.66% | 62.07% | 29.34% | 24.75% | -83.92% | -72.18% | -35.15% | -12.74% | 17.72% | -18.87% | 218.29% | 116.97% | 58.45% | -3.38% | -8.79% | 3.73% | -82.5% |
| EBITDA | 225.83M | 242.27M | 477M | 2.38B | 204M | 2.25B | 2.19B | 250M | 129M | 1.73B | 1.77B | 1.52B | 471M | 2.63B | 1.99B | 1.31B | 576M | 871M | 947.5M | 844.5M |
| EBITDA Margin % | 25.11% | 22.97% | 46.67% | 40.65% | 28.53% | 34.9% | 39.48% | 32.09% | 21.39% | 36.98% | 37.56% | 36.51% | 16.62% | 51.18% | 48.76% | 41.4% | 27.18% | 33.26% | 41.02% | 42.82% |
| EBITDA Growth % | 10.7% | -89.22% | -78.19% | 853.09% | 58.14% | 29.94% | 23.56% | -83.57% | -72.61% | -34.2% | -11.19% | 16.27% | -18.23% | 201.84% | 110.34% | 55% | -2.29% | -7.78% | 6.13% | -81.36% |
| D&A (Non-Cash Add-back) | 0 | 0 | 18M | 101.39M | 16M | 88M | 85M | 14M | 13M | 60M | 85M | 54M | 54M | 54M | 62M | 62M | 62M | 62M | 57.5M | 57.5M |
| EBIT | 225.83M | 242.27M | 485M | 2.74B | 249M | 2.27B | 2.12B | 310M | 253M | 932M | 2.68B | 1.47B | 417M | 2.61B | 1.93B | 1.25B | 616M | 969M | 1.18B | 787M |
| Net Interest Income | -98.36M | 3.99M | 29M | 101.39M | 28M | 170M | 144M | 273M | 42M | 289M | 235M | 202M | 186M | 135M | 91M | 45M | 32M | 32M | 31M | -365M |
| Interest Income | 14.05M | 47.86M | 32M | 158.43M | 33M | 224M | 162M | 292M | 46M | 295M | 243M | 209M | 192M | 140M | 97M | 51M | 36M | 35M | 35M | 65M |
| Interest Expense | 112.41M | 43.87M | 3M | 57.03M | 5M | 54M | 18M | 19M | 4M | 6M | 8M | 7M | 6M | 5M | 6M | 6M | 4M | 3M | 4M | 430M |
| Other Income/Expense | -151.56M | -187.43M | 23M | 399.23M | 56M | 1.44B | -383M | 71M | 133M | -744M | 985M | 226M | -151M | -2B | 1.34B | 1.24B | 98M | 157M | 281M | -365M |
| Pretax Income | 74.27M | 54.83M | 482M | 2.68B | 244M | 3.6B | 1.72B | 307M | 249M | 926M | 2.67B | 1.69B | 266M | 572M | 3.27B | 2.49B | 612M | 966M | 1.17B | 422M |
| Pretax Margin % | 8.26% | 5.2% | 47.16% | 45.73% | 34.13% | 55.92% | 31.03% | 39.41% | 41.29% | 19.79% | 56.66% | 40.63% | 9.39% | 11.13% | 80.06% | 78.72% | 28.88% | 36.88% | 50.69% | 21.4% |
| Income Tax | 21.08M | 23.93M | 81M | 551.32M | 49M | -243M | 453M | 104M | 57M | 286M | 566M | 359M | 56M | 58M | 690M | 598M | 147M | 250M | 281M | 116M |
| Effective Tax Rate % | 28.38% | 43.64% | 16.8% | 20.57% | 20.08% | -6.75% | 26.35% | 33.88% | 22.89% | 30.89% | 21.2% | 21.19% | 21.05% | 10.14% | 21.09% | 24.03% | 24.02% | 25.88% | 24% | 27.49% |
| Net Income | 53.2M | 30.91M | 401M | 2.13B | 195M | 3.85B | 1.27B | 203M | 192M | 640M | 2.1B | 1.33B | 210M | 514M | 2.58B | 1.89B | 465M | 716M | 890M | 306M |
| Net Margin % | 5.92% | 2.93% | 39.24% | 36.32% | 27.27% | 59.7% | 22.85% | 26.06% | 31.84% | 13.68% | 44.65% | 32.02% | 7.41% | 10.01% | 63.18% | 59.8% | 21.94% | 27.34% | 38.53% | 15.52% |
| Net Income Growth % | -72.72% | -99.2% | -68.33% | 948.89% | 1.56% | 500.78% | -39.83% | -84.79% | -8.57% | 24.51% | -18.51% | -29.4% | -54.84% | -28.21% | 190.11% | 517.97% | -57.57% | 23.24% | 67.92% | -90.94% |
| Net Income (Continuing) | 53.2M | 30.91M | 401M | 2.13B | 195M | 3.85B | 1.27B | 203M | 192M | 640M | 2.1B | 1.33B | 210M | 514M | 2.58B | 1.89B | 465M | 716M | 890M | 306M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.08 | 0.05 | 0.65 | 3.42 | 0.31 | 5.99 | 1.95 | 2.17 | 2.02 | 0.97 | 3.23 | 2.06 | 0.32 | 0.88 | 3.92 | 2.87 | 0.71 | 1.08 | 1.35 | 0.46 |
| EPS Growth % | -73.23% | -99.23% | -66.67% | 57.6% | -84.65% | 517.53% | -39.63% | 5.34% | 531.25% | 10.23% | -17.6% | -28.22% | -54.93% | -18.52% | 190.37% | 523.91% | -57.23% | 22.73% | 68.75% | -91.05% |
| EPS (Basic) | 0.09 | 0.05 | 0.65 | 3.45 | 0.31 | 5.99 | 1.95 | 2.17 | 2.03 | 0.98 | 3.26 | 2.08 | 0.32 | 0.90 | 3.96 | 2.89 | 0.71 | 1.10 | 1.36 | 0.47 |
| Diluted Shares Outstanding | 638.55M | 672.59M | 620.74M | 619.93M | 639.34M | 641.54M | 648.85M | 648.85M | 656.59M | 657.87M | 658.73M | 658.42M | 658.31M | 660.7M | 659.18M | 659.8M | 659.57M | 661.42M | 660.73M | 659.48M |
| Basic Shares Outstanding | 613.84M | 616.19M | 615.98M | 617.65M | 637.25M | 641.56M | 648.85M | 648.85M | 653.03M | 653.06M | 653.07M | 652.4M | 654.21M | 652.85M | 652.84M | 655.01M | 657.34M | 654.06M | 653.93M | 653.85M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |