Genmab AS

GMAB: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Genmab Earnings: Royalty Revenue Sustains Near-Term Growth With Pipeline Advancement in Progress

Rachel Elfman , Rashmi Nair

Nov 7, 2025

Genmab's third-quarter revenue totaled $1.02 billion, increasing 25% year over year. Management reaffirmed the company's 2025 company outlook, expecting revenue between $3.5 billion and $3.7 billion.

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Genmab AS

Genmab Earnings: Royalty Revenue Sustains Near-Term Growth With Pipeline Advancement in Progress

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