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
DateValue
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