Genmab A/S

A/SActive

CVR 21023884Carl Jacobsens Vej 30, 2500 ValbyResearch and experimental development on natural sciences and engineering· NACE 7210Est. 1998 · 28 years old666 employees

Overview

Genmab A/S is a Danish A/S based in Valby, operating in the Research and experimental development on natural sciences and engineering sector. Incorporated in 1998, the company has 666 employees and reported revenue of DKK 3.7bn in its latest annual filing.

Revenue 2025

3.7B DKK

−83% vs 2024

EBITDA margin

36.9 %

−86% vs 2024

Net profit 2025

1.2B DKK

-90% vs 2024

Key ratios

See full ratios →

50.2 %

Average

Around the average of companies in the same industry

20212025

2.4×

Average

Around the average of companies in the same industry

20212025

9.0 %

Average

Around the average of companies in the same industry

20212025

EBITDA — year on year

DKK millions

Key figures

Annual report 2025

Revenue	3.7B DKK	-83%
EBITDA	1.4B DKK	-86%
Net profit	1.2B DKK	-90%
Total assets	13.4B DKK	-72%
Equity	6.7B DKK	-84%
Employees	666	—

Financial development

In its most recent annual report (2025), Genmab A/S reported revenue of DKK 3.7bn, a decrease of 83% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 1.2bn, and the EBITDA margin stood at 36.9%.

At the end of 2025, equity financed 50.2% of the balance sheet, and current assets covered short-term debt 2.4 times. Genmab A/S is one of 2 companies registered under Research and experimental development on natural sciences and engineering in Denmark.

Financials

Revenue

DKK millions

EBITDA

DKK millions

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Revenue	3,659,000	22,167,000	17,126,000	14,827,000	8,509,000
Staff expenses	—	-0	-2,521,000	-2,728,000	-1,296,000
EBITDA	1,352,000	9,328,000	5,693,000	5,822,000	3,256,000
Depreciation & amort.	—	-0	-0	-0	-0
EBIT	1,352,000	9,328,000	5,693,000	5,822,000	3,256,000
Net financials	163,000	5,165,000	328,000	931,000	727,000
Profit before tax	1,515,000	14,493,000	6,021,000	9,753,000	3,983,000
Tax	311,000	2,626,000	1,277,000	1,511,000	975,000
Net profit	1,204,000	11,867,000	4,744,000	5,242,000	3,008,000

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	13,379,000	47,069,000	37,325,000	30,838,000	24,328,000
Equity	6,720,000	41,596,000	32,874,000	28,275,000	22,196,000
Long-term debt	5,467,000	3,094,000	727,000	480,000	487,000
Short-term debt	1,192,000	2,379,000	3,724,000	2,083,000	1,639,000
Total debt	6,659,000	5,473,000	4,451,000	2,563,000	2,132,000

Financial ratios

5-year trend

EBITDA margin

36.9 %

20212025

Equity ratio

50.2 %

Average

Around the average of companies in the same industry

20212025

Return on equity

17.9 %

Average

Around the average of companies in the same industry

20212025

Net profit margin

32.9 %

Strong

Among the 30% highest rated companies in the industry

20212025

Asset turnover

0.27×

Average

Around the average of companies in the same industry

20212025

Debt / equity

0.99×

Weak

Among the 40% lowest rated companies in the industry

20212025

Sector performance

28 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginVery strong

Among the 20% highest rated companies in the industry

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginStrong

Among the 30% highest rated companies in the industry

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginStrong

Among the 30% highest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Average

Around the average of companies in the same industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Average

Around the average of companies in the same industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Average

Around the average of companies in the same industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Strong

Among the 40% highest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioStrong

Among the 30% highest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Liquidity

Current ratioAverage

Around the average of companies in the same industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioAverage

Around the average of companies in the same industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioStrong

Among the 40% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery strong

Among the 20% highest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalVery weak

Among the 20% lowest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioAverage

Around the average of companies in the same industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityWeak

Among the 40% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityWeak

Among the 40% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtAverage

Around the average of companies in the same industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtAverage

Around the average of companies in the same industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageAverage

Around the average of companies in the same industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 30% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginAverage

Around the average of companies in the same industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Asset turnoverAverage

Around the average of companies in the same industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverVery weak

Among the 20% lowest rated companies in the industry

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Equity to contributed capitalVery strong

Among the 10% highest rated companies in the industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityVery weak

Among the 10% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtWeak

Among the 40% lowest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Annual reports & filings

Annual report 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

No shareholder data available.

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Frequently asked questions

What is the CVR number of Genmab A/S?

Genmab A/S is registered with CVR / Virk under CVR 21023884.

What is the revenue of Genmab A/S?

Genmab A/S reported revenue of DKK 3.7bn in 2025.

How many employees does Genmab A/S have?

Genmab A/S employs 666 people as of the latest annual report.

Where is Genmab A/S headquartered?

Genmab A/S's registered address is Carl Jacobsens Vej 30.