Genmab A (GMAB) Operating Expenses (2018 - 2026)
Genmab A's (GMAB) quarterly Operating Expenses came in at -$780.0 million in Q2 2026, up 28.57% on a YoY basis from -$606.7 million in Q2 2025, and down 8.94% quarter-over-quarter from -$716.0 million in Q1 2026.
Analysis
Genmab A (GMAB) Operating Expenses (2018 - 2026) Analysis & Trends
Genmab A (GMAB) has reported Operating Expenses for 9 consecutive years, with -$780.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 28.57% year-over-year to -$780.0 million; the trailing twelve-month figure through Jun 2026 stood at -$4.2 billion (up 20.0% YoY), and the FY2025 full-year result was -$2.7 billion, down 23.55% from the prior year.
- Operating Expenses fell to -$780.0 million in Q2 2026 per GMAB's latest filing, from -$716.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$195.2 million in Q2 2022 and bottomed at -$2.9 billion in Q3 2023.
- Historically, Operating Expenses has averaged -$1.2 billion across 5 years, with a median of -$1.0 billion in 2024.
- The widest YoY moves for Operating Expenses: up 47.52% in 2024, down 300.95% in 2024.
- Over 5 years, Operating Expenses stood at -$195.2 million in 2022, then plunged by 728.8% to -$1.6 billion in 2023, then sank by 32.82% to -$2.1 billion in 2024, then climbed by 22.99% to -$1.7 billion in 2025, then soared by 52.87% to -$780.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$780.0 million, -$716.0 million, and -$1.7 billion for Q2 2026, Q1 2026, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 208.48 Bn | 194.49 Bn | 7.24 Bn | 6.54 Bn |
| 2 | Gilead Sciences | 186.29 Bn | 183.02 Bn | 6.22 Bn | 18.20 Bn |
| 3 | Vertex Pharmaceuticals | 128.79 Bn | 120.93 Bn | 2.84 Bn | 2.09 Bn |
| 4 | Regeneron Pharmaceuticals | 80.66 Bn | 72.67 Bn | 3.93 Bn | 3.00 Bn |
| 5 | Moderna | 61.46 Bn | 56.32 Bn | 52.00 Mn | 960.00 Mn |
| 6 | Argenx Se | 61.28 Bn | 56.10 Bn | 1.37 Bn | -1.05 Bn |
| 7 | Alnylam Pharmaceuticals | 32.04 Bn | 28.73 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Biogen | 31.84 Bn | 30.56 Bn | 1.96 Bn | 2.60 Bn |
| 9 | Roivant Sciences | 28.74 Bn | 29.43 Bn | 1.16 Mn | 367.83 Mn |
| 10 | Genmab A | 2.23 Bn | 728.64 Mn | 1.07 Bn | -780.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -780.00 Mn |
| Mar 31, 2026 | -716.00 Mn |
| Sep 30, 2025 | -1.66 Bn |
| Jun 30, 2025 | -1.09 Bn |
| Mar 31, 2025 | -527.00 Mn |
| Dec 31, 2024 | -2.15 Bn |
| Sep 30, 2024 | -1.54 Bn |
| Jun 30, 2024 | -1.03 Bn |
| Mar 31, 2024 | -487.00 Mn |
| Dec 31, 2023 | -1.62 Bn |
| Sep 30, 2023 | -2.93 Bn |
| Jun 30, 2023 | -256.89 Mn |
| Jun 30, 2022 | -195.22 Mn |
| Dec 31, 2021 | -133.90 Mn |
| Sep 30, 2021 | -1.42 Bn |
| Jun 30, 2021 | -140.71 Mn |
| Dec 31, 2020 | -110.83 Mn |
| Sep 30, 2020 | -866.00 |
| Jun 30, 2020 | -98.50 Mn |
| Dec 31, 2019 | -689.00 |