Genmab A (GMAB) Research & Development (2018 - 2026)
Genmab A (GMAB) reported Research & Development of -$440.0 million for Q1 2026, down 22.56% on a YoY basis from -$568.2 million in Q1 2025, and down 23.25% quarter-over-quarter from -$357.0 million in Q3 2025.
Genmab A (GMAB) Research & Development (2018 - 2026) Analysis & Trends
Genmab A has reported Research & Development for 6 years, with the latest figure at -$440.0 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 22.56% year-over-year to -$440.0 million; the trailing twelve-month figure through Mar 2026 stood at -$1.5 billion (down 9.27% YoY), and the FY2025 full-year result was $1.6 billion, up 13.58% from the prior year.
- Research & Development for Q1 2026 stood at -$440.0 million, down from -$357.0 million in the prior quarter.
- The five-year high for Research & Development was -$335.0 million in Q1 2024, with the low at -$440.0 million in Q1 2026.
- Historically, Research & Development has averaged -$364.6 million across 3 years, with a median of -$359.0 million in 2025.
- Annual changes were most pronounced in 2025 — Research & Development dropped 0.83% — and 2026, when it retreated 22.56%.
- Genmab A's Research & Development stood at -$336.0 million in 2024, then dropped by 6.25% to -$357.0 million in 2025, then slipped by 23.25% to -$440.0 million in 2026.
- The last three Research & Development figures came in at -$440.0 million (Q1 2026), -$357.0 million (Q3 2025), and -$364.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 723,416.35 Bn | 723,416.32 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 57,340.00 Bn | 57,340.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 19,125.08 Bn | 19,125.08 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 3,262.00 Bn | 3,261.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Akari Therapeutics | 1,789.67 Bn | 1,789.67 Bn | - | 1.46 Mn |
| 6 | Evaxion A | 1,480.39 Bn | 1,480.37 Bn | - | -2.30 Mn |
| 7 | Psyence Biomedical | 241.78 Bn | 241.78 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 113.54 Bn | 106.29 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 94.26 Bn | 94.26 Bn | - | -58.00 Mn |
| 10 | Genmab A | 48.34 Bn | 46.82 Bn | 831.00 Mn | -440.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -440.00 Mn |
| Sep 30, 2025 | -357.00 Mn |
| Jun 30, 2025 | -364.00 Mn |
| Mar 31, 2025 | -359.00 Mn |
| Sep 30, 2024 | -336.00 Mn |
| Jun 30, 2024 | -361.00 Mn |
| Mar 31, 2024 | -335.00 Mn |
| Sep 30, 2020 | -721.00 |
| Dec 31, 2019 | -608.00 |
| Sep 30, 2019 | -607.89 Mn |
| Dec 31, 2018 | -343.24 Mn |