How Genmab A/S ADS makes money

Period

FY2025

How does Genmab A/S ADS make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Genmab A/S ADS · FY2025 · year ended 2025-12-31

Revenue$3.7BGross profit$3.5B · 94%Cost of revenue$238M · 6%Operating income$1.1B · 29%Operating expenses$2.4B · 65%R&D$1.6B · 43%Other opex$811M · 22%Pre-tax income$1.2B · 32%Other income$139M · 4%Net income$963M · 26%Income tax$241M · 6%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.