Genmab AS

GMAB: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Genmab Earnings: Darzalex Royalties Drive Growth as Epkinly Sales Gain Momentum

Rachel Elfman

Feb 19, 2026

Genmab's 2025 revenue rose 19% year over year, totaling $3.7 billion, with Darzalex royalties comprising $2.4 billion. Management targets 2026 revenue growth of $4.0 billion-$4.4 billion, implying continued double-digit growth.

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Genmab AS

Genmab Earnings: Darzalex Royalties Drive Growth as Epkinly Sales Gain Momentum

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