Genmab A (GMAB) Research & Development (2018 - 2026)
Genmab A's (GMAB) quarterly Research & Development came in at -$459.0 million in Q2 2026, up 36.51% on a YoY basis from -$336.2 million in Q2 2025, and down 4.32% quarter-over-quarter from -$440.0 million in Q1 2026.
Analysis
Genmab A (GMAB) Research & Development (2018 - 2026) Analysis & Trends
Genmab A (GMAB) has reported Research & Development for 9 consecutive years, with -$459.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 36.51% year-over-year to -$459.0 million; the trailing twelve-month figure through Jun 2026 stood at -$2.7 billion (up 23.41% YoY), and the FY2025 full-year result was -$1.6 billion, down 13.58% from the prior year.
- Research & Development eased to -$459.0 million in Q2 2026 per GMAB's latest filing, from -$440.0 million in the prior quarter.
- Across five years, Research & Development topped out at -$130.7 million in Q2 2022 and bottomed at -$2.1 billion in Q3 2023.
- Historically, Research & Development has averaged -$772.3 million across 5 years, with a median of -$696.0 million in 2024.
- The widest YoY moves for Research & Development: up 50.57% in 2024, down 294.92% in 2024.
- Over 5 years, Research & Development stood at -$130.7 million in 2022, then sank by 747.03% to -$1.1 billion in 2023, then retreated by 27.73% to -$1.4 billion in 2024, then grew by 23.62% to -$1.1 billion in 2025, then soared by 57.5% to -$459.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$459.0 million, -$440.0 million, and -$1.1 billion for Q2 2026, Q1 2026, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 208.48 Bn | 194.49 Bn | 7.24 Bn | 1.87 Bn |
| 2 | Gilead Sciences | 186.29 Bn | 183.02 Bn | 6.22 Bn | 1.76 Bn |
| 3 | Vertex Pharmaceuticals | 128.79 Bn | 120.93 Bn | 2.84 Bn | 993.80 Mn |
| 4 | Regeneron Pharmaceuticals | 80.66 Bn | 72.67 Bn | 3.93 Bn | 1.63 Bn |
| 5 | Moderna | 61.46 Bn | 56.32 Bn | 52.00 Mn | 651.00 Mn |
| 6 | Argenx Se | 61.28 Bn | 56.10 Bn | 1.37 Bn | -486.00 Mn |
| 7 | Alnylam Pharmaceuticals | 32.04 Bn | 28.73 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Biogen | 31.84 Bn | 30.56 Bn | 1.96 Bn | 529.60 Mn |
| 9 | Roivant Sciences | 28.74 Bn | 29.43 Bn | 1.16 Mn | 202.02 Mn |
| 10 | Genmab A | 2.23 Bn | 728.64 Mn | 1.07 Bn | -459.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -459.00 Mn |
| Mar 31, 2026 | -440.00 Mn |
| Sep 30, 2025 | -1.08 Bn |
| Jun 30, 2025 | -723.00 Mn |
| Mar 31, 2025 | -359.00 Mn |
| Dec 31, 2024 | -1.41 Bn |
| Sep 30, 2024 | -1.03 Bn |
| Jun 30, 2024 | -696.00 Mn |
| Mar 31, 2024 | -335.00 Mn |
| Dec 31, 2023 | -1.11 Bn |
| Sep 30, 2023 | -2.09 Bn |
| Jun 30, 2023 | -176.24 Mn |
| Jun 30, 2022 | -130.69 Mn |
| Dec 31, 2021 | -104.07 Mn |
| Sep 30, 2021 | -1.11 Bn |
| Jun 30, 2021 | -109.36 Mn |
| Dec 31, 2020 | -90.03 Mn |
| Sep 30, 2020 | -721.00 |
| Jun 30, 2020 | -80.02 Mn |
| Dec 31, 2019 | -608.00 |